Stock Charts Scary.......TLAB in play

Good Morning Stockhoppers, I hope you are surviving all the turbulence of this market. Yesterday I liquidated my Ford stock at 11.75 ...even though it is pointing up this morning in pre-market trading, I just do not like the chart formation on it,most stocks will cover a gap which I do expect will happen with Ford(see the gap on chart above). Many stocks are moving toward their 13 exponential moving average.

After reviewing the many stocks from the S & P 500 I seen one that stood out to me. TLAB, check out the chart above. The 13 day exponential moving average is ready to cross up over the 21 exponential moving average and has held up pretty well during this mini crash, I put my order in to trigger at 8.95.

The over all market still looks very shaky, they say things over in Europe are the cause of this, along with several other factors but just continue to watch your charts and the 13 day ema and 21 day ema they will not misguide you.

Until next time.....Chart wisely today!!!

Intra Day Update- Ford Holding Support

Good Afternoon Stockhoppers, Talking with you earlier we were watching our support levels and the 13day ema. So far we are holding at support levels with the market trying to rebound here in late day trading. Watch for your stocks to cover their gaps, that is what should happen here. The Dow is not close as of yet to covering the gap down from this morning terrible open. Continue to watch the support levels. If we can show some recovery here late it should spill over to tomorrows trading session. The Dow is quite a long way from the 13 ema, so we should see it move closer in the next session. CAUTION! be careful as it gets close it may bounce off and make another run lower at the support levels.

Ford has come close to covering the gap down from this morning. Look at the chart Ford is also holding onto support levels, but the chart is not pretty. It needs to finish near the days high, the difference in Ford and the major averages is that it is closer to its 13 day exponential moving average, which may indicate continued weakness. Keep watching the support levels and if it falls through take cover.

Until next time chart wisely today

AND THE STOCK CHARTS SAY.......................

Good Afternoon Stockhoppers, I am writing this about an hour after the close, and after looking at the charts and how the market reacted today I am going to say we are going to have a good day tomorrow. Anyone interested in getting in on Ford Stock? May not be a bad time. Take a look at the Ford Chart above. It is hitting on resistance of and finished near the days high. I am calling it a buy if it hits 14.30 and it should tomorrow. Another good sign......look at the 13 day exponential moving average!! it is getting ready to cross up and over the 21 day exponential moving average!! that is very good news for the buyers.

The Dow Jones chart is looking like it is also ready to tread into new territory as well. Again look at the Dow chart. It is up against its resistance but bounced off the 13 day EMA and the 21 day EMA. Look for follow through on Friday. 12000 here we come.

Until next time...........Watch your Charts