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The latest from the
OptionsHunter session 07/27/2009 DIA - hourly continues to send the MACD up and has been since 7/10/09. Weekly had sideways mid-June. Monthly still suggests the price is ahead of the indicator. Based on these charts there are no characteristics for it to turn down without you knowing about it. HES - had and still has an extraordinarily broken monthly chart, but had the same hourly divergence like the market had which caused the daily price to go up. MTH - strongest and most clearly defined in the Homebuilders Group. On 7/10 it was at $14, now at $23. This was a much better return than the market because the strength was built in to the monthly and the daily had a double bottom with an upside divergence on the MACD. CELG - strong down on the monthly and weekly and daily moving up strongly, this doesn't confirm the monthly. XOM - monthly showing sideways, weekly and daily above the signal line and moving higher. Gaming Stocks - all stocks are still strong, wouldn't be surprised if MGM gaps up in the near future. Semiconductor Group - still very strong and most stocks in the group are strong, like LSI which belongs at $8, just needs the Daily to turn back up. |