Tuesday, October 23, 2012

Last FB post

Would I call this an earnings trade? No, the signal is not as strong a the previous earnings trades, but it is stronger in some cases than earnings we have seen recently, but that may be more about the companies just not looking good, and 3C reflecting what was already known.

Here's the final FB hints of today, you decide if it's enough for an earnings trade, long term for the base, I'm still long FB and still like it.

 FB 1 min did seem to accumulate on that dip today whereas compared to Tech...

 Tech did not.

 However it didn't go further than that, the recent positive behavior in FB is more positive than the market.

Longer term there still is this very positive 15 min chart

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