Stock has a lot of pressure on both sides. It will have difficulty breaking $13.42 above, and $13.00 below. I think it heads lower, and if it takes out $13…. look out, the rally has failed.
Comments »[Swing] Short SHLD
Sears (SHLD) is looking weak, and is struggling to take out $147 and especially $150. Breakdown is $140.
Comments »[Day] Redback RBAK resistance $19.80
Stock is on fire, but will have a tough time breaking 19.80 this hour. If you short now, 19.80 is stop.
Comments »Thursday, 8-17-06
Today I’m on the lookout for profit taking. Danger zone for Dow is 11306, break out is 11350. So far a few stocks I keep an eye on are screaming at me…
- Ilmunia (ILMN) – stock is still searching for support.
- NVEC Corp (NVEC) – breakout! stock has now officially broken out after changing their board a bit.
- Titanium Metals (TIE) – is very Dow index sensitive again, so it’s not the best stock to hold right now.
- Empire Resources (ERS) – is continuing yesterday’s rally, but may level off.
- Reseaerch In Motion (RIMM) vs Palm (PALM) – RIMM is up $2 so far, and therefore winning the race.
- OMRI – breakout! No news on the ticker, but stock has broken out of $14.50 for a while.
- Sears (SHLD) – I was right about this being wrong. Down over $5 so far… not too bad for Sears holders.
- Redback (RBAK) –day trade! momentum is still in this stock.
- CDC Corp (CHINA) – this funky stock is up pretty big. Now at $5.18. I just may short it.
- MLS – day trade! Stock is on the rebound.
Popcorn.net Punks
I hate that stupid Popcorn.net adware spyware whatever. Anyway, I did whatever I could to block the dumb thing. I blocked the application through my firewall, and so far it’s working. I took it a step further and traced inbound events on my firewall and blocked suspicious addresses that are hitting my computer. I noticed this one particular suspicious event so I blocked it:
Source IP: 66.75.164.89
Hostname: dns-cac-lb-02.orange.rr.com
Event Info: Anasoft License Manager
I’m not sure if these guys are legit, but whatever. Sneaky internet geeks out there. I’m thinking about sending some nasty stuff to that IP.
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