Midsession Comments for 2/12

by Scott Hoffman on February 12, 2009

SPH: Holding the 819 area is bullish, look to the upside to extend if this holds-the day session high has been 826, then 833 are objectives.
NQH: 1244 is the next upside objective.
DXH: Couldn’t clear the month’s high at 8697, expect more downside.
JYH: 11030 is support; 10990 would be the next downside target.
CDH: Momentum is bearish; watch for a breakout under yesterday’s low.
CCH: Downside breakout from a doji.
SBH: cleared out the stops when it broke under 1307 support, momentum is on a buy signal.
LCJ: I bought this morning as it rallied off the gap lower open; a held trade over yesterday’s low of 8755 should help the rally.
LHJ: I was busy watching the cattle, I should have watch the hogs as well. Good rally from a doji day.
WH: Are the lows trying to hold here?
BOH: Bearish under 3300.

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