Tag Archives: ACGL
Arch Capital Group (ACGL) and XLK
Still holding XLK from AAPL conviction. I believe this will lead the market higher. It’s been looking sick over the past week, but I’m holding based on my trading rules. Set stops and forget it. Support area in yellow.
2/29/12 Microsoft, Caterpillar, Blackrock, and Arch Capital
Microsoft looks beautiful still. Finding support at prior breakout. Recommended stops $31-$30.75.
Caterpillar lost some major support today. Look out below around $111 and $108. Should take action off of what the S&P does over next week.
Blackrock held support today after racing to touch resistance at $200. This could be a bearish signal. Watch out for $198 level support. Stops recommended at $195.
Arch Capital has gone sour and is looking more and more sick. Could be a good time to get short as it tests resistance. A break of this could restore some of my old faith.
Arch Capital Group ACGL
Whippppsawwww! Red circle is where i proclaimed the next leg up on Tuesday, and boy was I wrong as price continued to fall along the red downtrend line. A break of the red line support from the past breakout and I’ll be running away. A break of $36 would be significant. $36 corresponds to a break of the 100MA on the daily chart as well. I remain bullish on this one and would like to get a break of the red resistance downtrend for a further move up.
Arch Capital Group ACGL
This looks ready to go on hourly. Break of downtrend, and MACD looking to cross.
Still looking for a solid break above $38. Hopefully MACD holds on daily and we see some above average volume. Buyers have been protecting this under $37.50. EPS was .92 vs. .65 expected on 2/14/12.
