Midsession Comments for 2/10

by Scott Hoffman on February 10, 2009

SPH:  Markets hate uncertainty. Spoos are down big on a breakout mode day.  I don’t really see much support down here.
NQH:  1245 is support.
USH:  Good breakout mode day rally. Last Thursday’s high at 127-24.5 is resistance.
JYH:  I still see today as a momentum sell short day; resistance is 11065.
BPH:  How the mighty fall! It’s trading on trendline support here (1.4624)
CDH:  Downside breakout from yesterday’s doji, 8108 is Fib retracement support.
GCJ:  Good buy day rally, there’s trendline resistance at 922.50.
SVH:  Couldn’t stay above Friday’s high at 1318. I was looking to buy a second push through there, never got back there.
HGH:  Hit trendline support around 156 earlier, momentum buy day tomorrow.
COH:  Looks like there’s a bearish MACD crossover coming. Watch support around 2680.
SBH:  A strong open with no followthrough; 1307 is key support.
CTH:  It shouldn’t be surprising that the move was so big-it had coiled up for a week. 4550 is the next downside target.
CLH:  Can’t get out of its own way.  A close under $39 could mean more downside.
LCJ:  An “oops” sell day working today; watch for more downside if 8800 can’t hold.
LHJ:  Where did that come from?  6300 is resistance.
SH:  Recovering, I’m still interested in buying (on strength, for now).
CH:  Held support at 369; look for a directional move if it takes out 380 or 369.

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