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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 Capital... More
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  • Bearish for Monday  0 comments
    May 9, 2011 9:50 AM | about stocks: AXP, BVN, JPM, SLB


    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.


    AXP: Support- 50.06 and Resistance of 50.50

    BVN: Support- 40 Resistance- 41.54


    JPM: Support- 44.80 Resistance- 45.65

    SLB: Support- 82.50 Resistance 84.50

    Stocks: AXP, BVN, JPM, SLB
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