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OSS Nightly Update

|Includes: Amazon.com, Inc. (AMZN), INTC, OXY, SH
 

 

Nightly Comments

It will take some very good and unexpected news to move this market higher.

  1. SLV and GLD chart patterns are looking up
  2. OIL fib support a few points lower at 19.74
  3. UUP found support at double fib level 22.63.
  4. AMZN appears to be ready for a big drop to fill-in the gap from last month.
  5. INTC -- AMD has adopted ARM chip. That is a blow to INTC.
  6. OEX has been unable to break above fib resistance for the 6th time in 2 weeks.
  7. SH (ProShares Short S&P500 ETF) is set to move higher.
Stock Watch for 6/14/2012
Symbol Trade
AMZN SHORT
INTC SHORT
OEX SHORT
SH LONG
OXY SHORT
 

These are not recommendation.
Buy and Sell signals are sent to Option Signal Service. subscribers

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