Watch List

I'm still holding out for reversal on SNDK and BRCM, both of which had higher lows today. CYMI formed a bullish harami today and would be considered as a strong buy candidate on a confirmed break of $50.00. LRCX formed a bullish engulfing pattern today so we will look for continuation tomorrow. I'm not reposting these charts tonight - refer to last night's review.

CTXS tested and held support of the late April low and bounced nicely from that point. Buy on a successful retest of today's low or a confirmed breakout of $40.50. $40.50 represents the support level which held Friday afternoon and all day Monday. It now represents resistance and is buyable on a successful break.

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Other Charts of Interest:

ADSK is holding its new trendline and looks well positioned to move higher.

FLSH formed an inside day and closed on notable support as part of a bullish flag pattern.

CERN has held gap support dating back to July 2005 after a deep retracement. Today it carved out a bullish engulfing pattern as part of a three day consolidation pattern and looks like a good long candidate on a confirmed break of $37.50.