February 12, 2012

Caterpillar Looking weak at resistance levels

  • Weekly resistance between 114 - 117.
  • MACD and RSI of daily charts showing weakness.
  • Closing below Crucial moving averages like 20 Day SMA may trigger a sell in daily time frame.
  • SPX WEEKEND UPDATE

Bearish Candle of DELL

  • Dell weekly chart has a bearish candle at resistance line. MACD Histograms in daily is setting up good negative divergence. MACD lines is yet to trigger a sell. Price closing below crucial moving averages may result in a correction.
  • SPX ANALYSIS