April 11, 2008

The stocks in today's report:

The stocks included in this report were selected based on unique circumstances including recent news, breakouts, or correlated Market analysis.  The summary analysis below were derived from real time trading reports provided by Stock Traders Daily.

General Electric (GE) Yes, the GE news on Friday was a jolt to the Market.  However, no one should have been surprised at the decline in the stock.  The news was obviously unexpected, but our report clearly shows that GE had recently tested longer term resistance, and that's a sell/short signal.  If you were following our report you should have either sold GE, or you should be short based on the recent successful test of resistance.  From here, and much faster than our report anticipated, we are looking for a test of support to cover those shorts and consider a buy in GE again.  We have identified support as longer term parameter #1 in our real time trading report for GE.  When you open the report, look at longer term parameter #3 first (that was resistance), and compare that to a chart so you see how accurate the report was at pinpointing resistance, then look at support and consider it as your downside target to cover and buy again.  Here are the details: GE Report

Tyco (TYC) Shares of TYC have recently tested longer term resistance, and if the stock stays under longer term resistance the stock is likely to decline back towards longer term support again.  We have identified resistance as longer term parameter #3 in our real time trading report, and longer term support is #1.  Pay close attention to these parameters and the correlated trading plans we have provided in the report.  As of now, the progression seems to point lower, towards support levels again.  Unless the stock turns higher immediately, we should expect lower levels over time: TYC Report

Honeywell (HON) Shares of HON are in the process of oscillating higher from a  recent test of longer term support towards longer term resistance levels again.  The stock has also successfully moved above intra-channel resistance levels as defined in our longer term analysis, and that is a bullish sign.  The report we have prepared for HON suggests that the stock should continue to move higher from current levels and it suggests that the stock should test resistance soon.  We have identified this as longer term parameter #3 in our real time trading report.  Review it now for details: HON Report

Good Trading

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