Long Focus:
CAM: Big volume new 52 week high and breaking out of a daily consolidation all on a closing basis. Key daily support created by the consolidation comes in at 60.19 to 59.90. Yesterday’s high is 60.63.
- Trade OR Breakouts over the FTP, 59.90 which lines up with key daily support
- Trade OR Reversals above 59.00 which is the low end of the daily pivot range. I would not want see this breakout com back further than that.
KLAC: Had a nice strong day as many semiconductors did. I is also just below the 52 week high of the round number 50, so that will be a big level. If it gaps over it pay close attention to this one. It closed over the last 2 day highs to they will be support at 49.47-.26. and 49.20 is the FTP so that is a key area.
- Trade OR Breakouts over FTP of 49.20, with extra attention over 50.00
- Trader OR reversals above 48.93 which is the low end of the daily pivot range. I don’t want to see weakness below 49.
Other Long Charts of interest: CAM, KLAC, PBR, URBN, ICE, WLL, BIIB, WYNN, ROST, LRCX, FTI, CAM, KLAC, VSEA, CLF, AGU, AGP, UNH, CYH, WLP,
Short Focus:
WHR: Chopped around yesterday and is sitting at a daily level that could break hard if it starts moving lower. Yesterday’s low was 79.88 and there are key daily lows at 79.50 and 79.75. R1 is 81.07 and lines up with yesterday’s high of 81.24.
- Trade OR Breakdown below FTP, 80.47, and especially below yesterday’s low.
- Trade OR reversals below yesterday’s high, 81.24
Other Short Charts of Interest: CCJ, TIF, LVS, CCJ, SHW, GS, COH, MON, FCX, UNP, A, BDX, X, EQIX, CMI, FFIV, NFX,
