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Stocks report by HY Markets

Discussion in 'Stock Market Discussions' started by Mike Lancy, Jun 4, 2014.

  1. Mike Lancy

    Mike Lancy Member

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    HYMARKETS Stocks Report: The Goldman Sachs Group, Inc

    • Goldman Sachs reaches buy target 161.40
    • Next buy target - 165.00

    Goldman Sachs recently reached the resistance level 161.40 – which is the first of the two buy targets that were set in our previous report for this company (161.40 and 165.00). Due to the strength of this resistance level Goldman Sachs immediately corrected down below 161.40 – to retest the former resistance trendline of the recently broken Triangle from April (acting as support now). Goldman Sachs yesterday reversed up sharply from this trendline. The price can be expected to rise further to the next buy target at 165.00 (intersecting with the resistance trendline of the daily down channel from January).

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  2. Mike Lancy

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    HYMARKETS Stocks Report: The Goldman Sachs Group, Inc

    • Goldman Sachs reaches buy target 165.00
    • Next buy target - 170.00

    Goldman Sachs recently broke above the buy target 165.00 that was set in our earlier report for this company. The breakout of this resistance level coincided with the breakout of the upper resistance trendline of the daily down channel from January (which has enclosed the preceding primary corrective wave Ⓑ) – intersecting with the upper resistance trendline of the more recent up channel from April (as you can see below). Goldman Sachs is expected to rise further to the next buy target at 170.00 (forecast price for the completion of the currently active intermediate impulse (3)).

    See more analysis at http://www.hymarkets.com/english/education_market_commentary.html
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  3. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation

    • Intel reaches buy target 28.00
    • Next buy targets - 28.50 and 29.00

    Intel recently reached 28.00, which is the first of the two buy targets that were set in our earlier report for this company (28.00 and 28.50). Intel has been rising sharply in the last few trading weeks inside the 5th intermediate impulse wave (5) from the middle of May. This intermediate impulse was accelerated when Intel broke the daily down channel which has enclosed the preceding intermediate ABC correction (4). Intel is expected to rise to the next buy targets at 28.50 and 29.00 (standing above the cluster of resistance trendlines belonging to two up channels from February and last August).
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  4. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation

    • Intel reaches buy targets 28.50 and 29.00
    • Next buy target - 31.00


    Intel recently rose with the sharp upward gap – reaching both of the buy targets that were set in our previous report for this company (28.50 and 29.00). The latest upward price impulse 5 broke the upper resistance trendlines belonging to two daily up channels from February of this year and August of last year respectively. Last Friday’s closing price stands near the resistance level 30.00. If Intel breaks above 30.00 – it can be expected to rise further to the next buy target at 31.00 (forecast price for the completion of the currently active primary wave Ⓒ).

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  5. Mike Lancy

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    HYMARKETS Stocks Report: Coca-Cola Co/The

    • Coca-Cola reaches buy target 41.40
    • Next buy targets - 42.00 and 43.00

    Coca-Cola recently rose sharply after breaking above the buy target 41.40 that was set in our earlier forecast for this company. The price previoulsy reversed strongly up from the support zone lying at the intersection of the support trendline of the daily up channel from February, upper channel line of the wider daily down channel from May of 2013, 38.2% Fibonacci Correction of the earlier impulse wave 3 and the support trendline of the latest, narrow down channel from April. Coca-Cola is set to rise further to the next buy target at 42.00 – followed by 43.00.
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  6. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation

    • Intel approaches buy target 31.00
    • Possible downward correction to 30.00

    Intel has been rising strongly in the last few trading sessions – in line with our earlier forecast for this company. The price yesterday approached the previous buy target 31.00 – after which it retraced down from the upper resistance trendline of the latest accelerated up channel from May. Intel might correct further toward the former resistance level 30.00 (intersecting with the support trendline of the aforementioned up channel). The price is likely to reverse up from 30.00 toward the earlier buy target at 31.00 (forecast price for the completion of impulse (3)).

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  7. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation

    • Intel reaches buy target 31.00
    • Next buy target - 32.00


    Intel recently reached the buy target 31.00 that was set in our earlier technical analysis report for this company. The price has been rising strongly in the last few trading weeks – inside the 5th minor upward impulse wave 5 belonging to the 3rd intermediate impulse wave (3) from February (as you can see on the daily Intel chart below). Given the strength of the bullish pressure on Intel, the currently active intermediate impulse wave (3) might extend further up toward the next buy target at 32.00. Buy stop-loss can be placed below 31.00.

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  8. Mike Lancy

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    HYMARKETS Stocks Report: American Express Co


    • American Express approaches resistance level 96.00
    • Next buy target - 97.00

    American Express has been moving sideways in the last few trading sessions – inside the narrow price range set between the support level 94.00 (earlier strong resistance which reversed American Express sharply down in March) and the resistance level 96.00. The price recently reversed up from the lower boundary of this price range intersecting with the upper channel line of the daily up channel from April (acting as support now after it was broken in June). American Express is expected to test the upper border of this price range at 96.00. If it breaks above 96.00 – the price can rise to the next buy target at 97.00.



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  9. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation


    • Intel approaches buy target 32.00
    • Next buy target - 32.60

    Intel yesterday approached the buy target 32.00 that was set in our previous forecast for this company. Intel earlier reversed sharply up from the support zone (encircled on the daily Intel chart below) lying at the intersection of the support trendline of the steep daily up channel from May and the support level 30.50. The upward reversal from this support zone completed the previous minor corrective wave 4. Intel is expected to rise further inside the currently active minor impulse wave 5 toward the next buy target - 32.60.

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  10. Mike Lancy

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    HYMARKETS Stocks Report: Microsoft Corp


    • Microsoft reached buy target 42.50
    • Next buy targets - 46.00 and 47.00


    Microsoft recently rose sharply above the buy target 42.50 that was set in our earlier report for this company. The breakout of this buy target led to the breakout of the upper resistance trendline of the weekly up channel from the start of 2013. This up channel breakout accelerated the currently active 3rd minor impulse wave 3 of the longer-term intermediate impulse (5) from May. This wave recently stopped at the upper channel line of the more recent up channel from January. Microsoft is expected to rise further to the next buy targets at 46.00 and 47.00.

    See more analysis at http://www.hymarkets.com/english/education_market_commentary.html


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  11. Mike Lancy

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    HYMARKETS Stocks Report: Bank of America Corp


    • Bank of America reverses from support level 15.20
    • Next buy target - 16.00


    Bank of America recently corrected down after the price reached the buy target 16.00 that was set in our previous report for this company. The latest downward ABC correction (2) from 16.00 stopped at the combined support zone (highlighted on the daily Bank of America chart below) lying between the support level 15.20 and 61.8% Fibonacci Correction of the preceding intermediate impulse wave (1) from May. Bank of America is set to rise further in the currently active intermediate impulse wave (3) or the primary wave ③ toward the earlier buy target at 16.00.

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  12. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation

    • Intel reaches buy target 32.60
    • Next buy target - 36.60


    Intel recently rose sharply – well above the buy target 32.60 that was set in our pervious technical analysis report for this company. Intel has been rising recently inside the 5th minor impulse wave 5 of the 5th extended intermediate impulse wave (5) from May of this year – which itself belongs to the longer-term primary impulse wave ③ from the last year. The price recently stopped near the resistance level 35.00. If Intel breaks above this resistance level – it can be expected to rise further to the next buy target at 36.60 (forecast price for the completion of active primary impulse wave ).
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    HYMARKETS Stocks Report: International Business Machines Corp


    • IBM reaches buy target 190.00
    • Next buy target - 199.20

    IBM recently broke above the buy target 190.00 that was set in our earlier forecast for this company. The price then corrected shortly down to 190.00 – acting as support after it was broken (the support zone near 190.00 was further strengthened by 38.2% Fibonacci Correction of the earlier sharp intermediate impulse wave (1) from the end of the previous second primary ABC correction ②). IBM then reversed up from 190.00 with the daily Japanese candlesticks reversal pattern – the Hammer. IBM is set to rise further to the next buy target at 199.20.
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    ETS Stocks Report: AT&T Inc

    • AT&T reaches buy target 36.90
    • Next buy targets - 37.50 and 38.00

    AT&T recently reached the buy target 36.90 that was set in our previous report for this company. AT&T earlier reversed up twice from the support zone lying between the support level 35.00 and 38.2% Fibonacci Correction of the previous primary upward impulse ① from February. The latest upward reversal from this support zone completed the second intermediate correction (2) of the currently active third primary impulse ③ from June. AT&T is expected to rise further to the next sell target at 37.50 - followed by 38.00.


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    HYMARKETS Stocks Report: Exxon Mobil Corp


    • Exxon falls below correction target 102.00
    • Next sell target - 98.00

    Exxon recently fell sharply below the downward correction target 102.00 that was set in our earlier forecast for this company. The breakout of this correction target was preceded by the breakout of the lower support trendline of the daily up channel from March – which accelerated the currently active C-wave of the 4th intermediate ABC correction (4) from June – and led to the breakout of the round support level 100.00. Exxon is expected to fall further inside this C-wave toward the next sell target at 98.00 (forecast price for the completion of larger intermediate ABC wave (4)).
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    HYMARKETS Stocks Report: The Goldman Sachs Group, Inc

    • Goldman Sachs reverses from resistance zone
    • Next sell target - 167.50


    Goldman Sachs recently rose sharply inside the first minor upward impulse 1 from July. This upward impulse broke through both of the buy targets that were set in our earlier forecast for this company – namely - 167.50 and 170.00. After breaking above 170.00, Goldman Sachs rose to the combined resistance zone lying between the resistance level 175.00 (which earlier reversed the price in March) and the upper resistance trendline of the daily up channel from April. Goldman Sachs recently reversed down from this resistance zone and is expected to fall further to the next sell target at 167.50.

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    HYMARKETS Stocks Report: Exxon Mobil Corp

    • Exxon reaches sell target 98.00
    • Next sell target - 96.00

    Exxon yesterday reached the sell target 98.00 that was set in our report for this company. The price has been falling strongly in the last few trading sessions inside the C-wave of the fourth intermediate ABC correction 4 from May. If Exxon breaks below 98.00, the currently active C-wave is likely to extend further to the next sell target at 96.00 (intersecting with the support trendline of the wide daily up channel from last year). Due to the fact that the C-waves are usually the sharpest sub-wave of ABC corrections – the bearish pressure on Exxon is likely to intensify in the coming trading sessions.


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  18. Mike Lancy

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    HYMARKETS Stocks Report: AT&T Inc

    • AT&T falls inside sharp (C)-wave
    • Next sell target - 33.70

    AT&T recently reversed down from the strong resistance level 37.00 (which also earlier reversed the price in November of 2013 and May of this year, as you can see from the daily AT&T chart below). The subsequent sharp downward corrective (C)-wave from this resistance level recently broke the support trendline of the daily up channel from March and the support level 35.00. This double breakout accelerated this (C)-wave. AT&T is expected to fall to the next sell target at 33.70 (forecast price for the completion of the active primary ABC correction ④).

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    HYMARKETS Stocks Report: The Goldman Sachs Group, Inc

    • Goldman Sachs reverses from support zone
    • Next buy target - 175.00

    Goldman Sachs recently corrected up sharply from the support zone near the support level 170.00 (as you can see below). The support zone near this support level was strengthened by 50% Fibonacci Correction of the preceding sharp minor impulse wave 1 from last month (belonging to the 3rd intermediate upward impulse (3)). The upward reversal from this support zone completed the latest minor correction 2. Goldman Sachs is expected to rise further inside the currently active minor impulse wave 3 toward the next buy target at 175.00.

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  20. Mike Lancy

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    HYMARKETS Stocks Report: Intel Corporation
    • Intel moves inside intermediate ABC correction
    • Next buy target - 34.00

    Intel recently corrected down sharply inside the intermediate ABC correction (4) from the resistance level 35.00. The latest downward sub-wave (A) of this ABC correction stopped at the support zone lying between the support level 32.60 and 50% Fibonacci Correction of the preceding sharp minor upward impulse wave 5 from July. Having traded sideways inside this support zone for the last few trading sessions – Intel is expected to rise to the next buy target at 34.00 (forecast price for the completion of the currently active (B)-wave).

    See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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