While social stocks like LNKD TWTR YELP are green as I write this, and SPLK is threatening to break over its 20-day moving average, the Dow Jones Industrial Average is leading the market lower this morning.
I am watching the two most heavily-weighted components for short entries, IBM V.
We looked at Big Blue yesterday, seen on the first chart below. Note how it is breaking down from its bear flag.
Along similar lines, Visa is sporting a running wedge for several months. If it breaks $211 I would consider a short.
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Chess – TGT looks like its rolln back over…Thoughts?
Agreed