April 6, 2011
$BIDU $SINA $SOHU - Respecting the 21d Moving Averages.
SINA bounced well off its 10d today. However, if you look back they have respected the 20 or 21 day moving averages more so than the 10day.
$SLW
Sold 2/3 on the gap up in the morning and added back by the end of the day on SLW swing. Stops at 43.50.
$OXY Possible Inverted H&S
If OXY can hold its 50d and bounce, it could be forming the right shoulder of an inverted head and shoulders. With the neckline around 106ish.
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