The Zanger Report
السهم من توصيات دان زان
Hello out there stock fans. A very tough opening today
with
>many stocks down $2 and $3 each in the first hour or two of trading. And
>the amazing part of this was that the averages were up by a few points
>while these stocks were getting beat up! Later in the day many of these
>stocks narrowed their big loss, which suggests that we might see higher
>prices tomorrow on many of these.
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OTC CHART
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>SPX CHART
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> The McClellan ratio adjusted NASDAQ oscillator turned up today
>and closed the day at minus 27 today. This is far from oversold and if the
>market turns up again tomorrow this short term trading tool could soon be
>back to neutral.
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> Let's start off tonights charts with some retailers. Many
>stocks in this group are acting very good right now.
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>FD CHART
والبقيه
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> Apple (AAPL) had its earnings raised by a large brokerage
>house today and the stock couldn't rally but a few pennies into positive
>territory before falling back to close the day at about where it started
>the day. This is bearish behavior on this once powerful stock and adds
>weight to the prospect that this stock could soon see lower prices.
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> RIMM had a big day today as it was up over $5 by the end of
>the day. The pattern says to me that more rest is needed before further
>meaningful gains can be had.
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> Most stock groups that were strong over the past few weeks are
>still looking beat up and will need more time before I can show them here.
>These include steel, copper and oil stocks.
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> See you tomorrow evening.
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> Daniel J. Zanger
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Http://www.Chartpattern.com