Market Charts, Trading Ideas

We're going in a different direction today. I will use fewer words and more pictures and demarcations to give us some clues about the markets and also some trading ideas. This is a great trading environment.

SPX vs Nasdaq

click to enlarge

Google (GOOG) and Baidu (BIDU)

I picked these two names as they are in the same group. Baidu had a great earnings reaction on Friday, and could continue upward. Google is just looking to do the same...catalyst? How about keeping pace?

Priceline (PCLN) and Ctrip (CTRP)

I also added these two that are coincidentally in the same group. The charts are looking strong and while a pullback is possible these two online travelers look higher in price.

Comments

[buyforeclos...:]

Thats all fine and dandy,,, these stocks could go a lot higher .But they will all crash at some point. When the reality of the commercial crash finally hits the markets it will be very ugly indeed...another stimulus is a given

Jul 26 04:51 PM

[Stockpickin...:]

great charts, I am not so sure BIDU has alot of run left, a little pullback would be healthy. paul

Jul 26 06:39 PM

[Menauhant:]

I share the same fear but hope that it does not happen.


On Jul 26 04:51 PM buyforeclosures wrote:

> Thats all fine and dandy,,, these stocks could go a lot higher .But
> they will all crash at some point. When the reality of the commercial
> crash finally hits the markets it will be very ugly indeed...another
> stimulus is a given

Jul 26 11:43 PM