Month: May 2012

S&P 500 – Updated Level Watch for Support

Last week we looked at the key levels of support for the S&P 500. On Friday it held just about the the penny and that would have set up some sort of potential for the bulls to come in – if not for the European debacle again.

The S&P 500 has...

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S&P 500 – Charting the Key Area of Support (Make or Break)

There is clear support across a high volume node from the most recent swing at 1,368.72. That is a point that provides for a “bounce” if it approaches. Now that the index is once again below the 50 DMA, there are additional considerations, but the more important area is defined.

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The Employment Report Cometh – What To Expect

The fear is palpable. What may be coming on Friday could be a disappointment as compared to the lowered expectations – at least that is what the latest market gyrations are saying.

Over the past few weeks, initial claims have been ramping higher and had been above to 4-week average. Then...

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Acme Packet (APKT) – Earnings Release Setup

Acme Packet Inc (APKT) is expected to report earnings on 5/2/2012 (after the close). The current consensus of the 22 analysts is a buy rating. Over the past four weeks analysts have increased their rating and have increased it over the past three months. For this analysts are expecting next...

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