Thursday, 18 July 2013

Trading Tout: A Counterintuitive Squeeze in IBM

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Actionable Advice for Friday, July 19

IBM – IBM Corp. (Last:198.00)

July 19, 2013 6:51 am GMT

With Big Blue’s bad earnings out of the way, DaBoyz are wasting no time getting back to business-as-usual. The bull trap they sprang on yesterday’s gap-up opening may seem counterintuitive, but it’ll set the stage for more accumulation in the weeks ahead as dismal earnings headlines run their course. Meanwhile, the stock ended the day on a buy signal, but Hidden Pivots may prove less useful than the trendline (see inset) in determining how much more mileage is left for this short-squeeze spurt.



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