technical analysis

With the recent decline on news, JPM is now testing a key price support decision.
These three names have all put in impressive price action of late -- and their fundamentals are solid, to boot.
Some elements are lacking, but the ingredients remain for an oversold rally.
There are also some positive signs on the sentiment front.
As soon as a pattern becomes too obvious, it changes.
The eurozone continues to blur the picture.
With bombshells coming from every corner of the sky, do be cautious and very selective here.
Per time-cycle analysis, chances are up for the S&P 500 to flip higher early this week.
Let's see what this maker of industrial prototypes is made of.
The stock could be cooking up a nice buy entry, but some recent developments demand caution.

Columnist Conversation / Market Updates

| May 16, 2012
| 4:04 PM EDT
U.S. stocks again gave up early gains and finished Wednesday lower....
| May 16, 2012
| 2:58 PM EDT
Stocks are hovering around flat, but the credit market is trading very poorly. Bid-wanteds in cash are rolling in, especially in the go-go financial names....

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