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STI Watch List for 2/23

Scott Hoffman — Mon, 23 Feb 2009 13:57:58 +0000

There are no economic releases of consequence today. Stocks are supported by hopes the banking sector will stabilize-the WSJ is reporting that the US government will increase its control of Citigroup. March NASDAQ: Doji bar Friday=directional move today? March Treasury Bonds: Trendline support at 12612 March 10 Year T Note: 12208 was the last swing [...]

STI Watch List for 2/20

Scott Hoffman — Fri, 20 Feb 2009 13:59:25 +0000

CPI was a non event. Negative sentiment continues, with the Dow futures taking out their November low. March SP: Momentum is still bearish, 766 is support. March NASDAQ: I came in short from yesterday. 1153.50 was the last swing low. March Dow Jones: Broke the November low at 7398. March Treasury Bonds: Momentum buy day, [...]

STI Watch List for February 19

Scott Hoffman — Thu, 19 Feb 2009 13:57:23 +0000

Economic numbers were bearish-PPI and claims both were higher that expected. It’s hard to believe in higher prices in this economy, but maybe there were New Year’s price hikes. The Germans are holding a press conference at 10:15 Central to discuss their economic plans. March SP: Momentum buy day, 795, 797.50 are resistance March NASDAQ: [...]

STI Watch List for 2/18

Scott Hoffman — Wed, 18 Feb 2009 14:05:00 +0000

Stocks and Treasuries are both higher-stocks bouncing from yesterday’s losses, Treasuries because the Chinese reiterated that they will continue to buy Treasuries provided they maintain liquidity and preservation of value. Housing starts were weaker than expected; this may be good news as it will help draw down inventory. March SP: Momentum buy day, 795 is [...]

STI Watchlist for 2/17

Scott Hoffman — Tue, 17 Feb 2009 14:41:43 +0000

Markets are lower over concerns about European banking. Europe’s banks have huge exposure to Eastern Europe, among other things, and some of the former Soviet Bloc countries are basket cases. German economic sentiment showed a huge jump for January. What do they see that I don’t? March SP: 805.50 was support, 797.50 was the low [...]

STI Watch List for 2/13

Scott Hoffman — Fri, 13 Feb 2009 13:39:11 +0000

An appetite for risk seems to be returning today- the “English Speaking” currencies are all higher, and safe havens (gold, Treasuries) are lower. Euro zone GDP fell by 1.5% in Q4. This was the largest decline since they began keeping records in 1995. The U. of Mich. Consumer Confidence report is out at 9 AM, [...]

STI Watch List for 2/12

Scott Hoffman — Thu, 12 Feb 2009 13:44:40 +0000

January’s retail sales were better than expected, December’s retail sales decline was revised downward. Continuing claims hit a record. SPH; Looks bearish. 81950, 81650 are support. NQH: Looks bearish, 1210 support. DJH: 7800 support. USH: Watch 12809 support. JYH: Bullish, 11158 resistance BPH: Bearish under 142. SBH: 1307 is key support. CTH: 4550 is key [...]

STI Watch List for 2/11

Scott Hoffman — Wed, 11 Feb 2009 13:46:47 +0000

SPH- Momentum buy day, 843 upside objective NQH- Momentum buy day, 1245 resistance USH- Sell short day, 12810 is fib resistance JYH- Sell short day. CDH- Momentum buy day GCJ- 931.30 was last swing high SVH- 1318 is now support HGH- 15270 pivot point today-Fib retracement COH- Momentum buy day, 2685 support SBH- Momentum buy [...]

STI Watch List for 2/10

Scott Hoffman — Tue, 10 Feb 2009 15:32:48 +0000

SPH: Doji, breakout mode. Clearing 873/876 double top would be big. NQH: Ditto on the formation, double top around 1287. USH: Rallying on a breakout mode day, looking to buy. 12627 is a potential breakout point, 12717 is first upside objective. BPH: Momentum sell short day. GCJ: Momentum buy day, held 892 support. 909.50 is [...]

STI Watch List for 2/9

Scott Hoffman — Mon, 09 Feb 2009 14:08:15 +0000

The day’s delay in the financial rescue plan is being blamed for the weakness in stocks and the dollar today. I’d say it’s just some correction to a huge rally Friday. It’s a slim week for economic releases-Washington will be the big focus. The USDA releases a grain production and supply/demand report Tuesday morning. SPH: [...]