Art's Charts Home

October 16, 2012

Charts of Interest: AAPL, GRMN, JBLU, PMTC, SRCL, TXN

By Arthur Hill

Careful out there. Earnings season is in full swing.
AAPL Forms Second Hammer.
TXN Gaps and Gains on High Volume.
Plus GRMN, JBLU, PMTC, SRCL.

121016aapl


121016grmn

121016jblu

121016pmtc

121016srcl

121016txn

This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all need to think for ourselves when it comes to trading our own accounts. First, it is the only way to really learn. Second, we are the only ones responsible for our decisions. Think of these charts as food for further analysis. Before making a trade, it is important to have a plan. Plan the trade and trade the plan. Among other things, this includes setting a trigger level, a target area and a stop-loss level. It is also important to plan for three possible price movements: advance, decline or sideways. Have a plan for all three scenarios BEFORE making the trade. Consider possible holding times. And finally, look at overall market conditions and sector/industry performance.

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