Seeking Alpha

Hedge Fund Live's  Instablog

Hedge Fund Live
Send Message
Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
My company:
Hedge Fund LIVE
My blog:
Hedge Fund Live
  • Bearish for Monday  0 comments
    May 9, 2011 9:50 AM | about stocks: AXP, BVN, JPM, SLB
     HedgeFundLive.Com

    For Monday market expectation is bearish. I do not know about the rest of the week, but for Monday I have a bearish expectation. Levels of support and resistance I am looking at are; 1344 as resistance, and if resistance is broken we test Friday’s highs of 1351.75. Support level is 1323 and if that support becomes broken we look to test 1308 later in the week. Right now the market is great to trade because you are able to make money from both sides. Here are 2 long and short ideas for Monday with support and resistance levels.

    Longs:

    AXP: Support- 50.06 and Resistance of 50.50

    BVN: Support- 40 Resistance- 41.54

    Shorts:

    JPM: Support- 44.80 Resistance- 45.65

    SLB: Support- 82.50 Resistance 84.50

    Themes: axp, bearish, bvn, jpm, S P 500, SLB, stock market Stocks: AXP, BVN, JPM, SLB
Back To Hedge Fund Live's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.