After last week’s violation of the uptrend in the broader market, this coming week is sure to be volatile. We have the ADP number and the FOMC statement on Wednesday as well as the NFP number on Friday. Add to that mix some key earnings from $MA, $CSCO and others and the brew is bubbling with potential. As @upsidetrader pointed out, eyes will be on the dollar and how it reacts to the 50DMA. There are tons of stocks that have broken down and look shortable and there are those that have been collateral damage from this past week. One such example would be $K which reported on Friday and had a good quarter, only to fall victim to the selling. Here’s a few charts of some names that I’m watching this coming week.
- Post author:Darren Miller, Ph.D.
- Post published:Sunday, November 1, 2009
- Post category:Commentary