Here Are Two Potential Setups For The Afternoon
Kronos Inc.
(
KRON |
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Chart |
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PowerRating) is trading near
its high after backing off a strong
opening run. On the daily, the stock has taken out one trendline, and is trading
right at another. A break higher here is bullish.
Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) has sold off after a strong morning. Merrill Lynch cut
its price target for the company this morning. On the daily, it looks like a
possible reversal and may be a good swing short at the end of the day.
 The
Nasdaq 100
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NDX |
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Chart |
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PowerRating) may have made a rough triple bottom, and if this holds, it may
signify higher prices this afternoon.
Have a good afternoon.