DG, NNAN, GS, INTC, XLF
Dollar General (DG:NYSE) The recent Warren Buffet buys is up today and should remain on the watch list for short term bulls if shares hold the $35.75 range. Weekend risk is another story though.
NaturalNano (NNAN:OB) NNAN is just another example of why you have to treat most penny stocks as trading vehicles. Shares of NNAN look strong recently, but are currently in a major downtrend. However, they are approaching support, which could entice penny stock scalpers. Put NNAN on your penny stock list just in case it turns into a bounce candidate.
Goldman Sachs (GS:NYSE) The chart looks like a nightmare even though it could be oversold. Also, the current small bounce in GS looks weak. Especially after considering the volume At this point, watch the $85.80 range if you are a swing long.
Intel (INTC:NASDAQ) Shares of INTC look strong, and the company’s dividend might be playing a part with interest rates this low. While many longs view INTC as a tremendous value play, a break of $24 is needed on heavy volume.
Financial Sector ETF (XLF:NYSE) Not so long ago, we mentioned the $12 level as support on the bell weather ETF. Well that level has now been violated and use yesterday’s low of $11.34 as the new support.
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