Visa V Technical Analysis January 26, 2009

The following is technical & fundamental analysis for Visa ( V ) stock for 1/26/09. You can see a chart of this analysis by going to http://blackberrystocks.com/visa.html

Visa ( V ) Support and Resistance Levels:

Resistance - $47.50, $50, $52
Support - $43.50, $41.78, $40


Visa ( V ) has totally broken down and broken both low points ( $43.65 and $43.54 ) that formed the double bottom....this is very concerning and is bearish for the stock. Resistance is now at the $47.50 area and if Visa gets a close over this level, $50 will be tested. $50 is another strong resistance level but if closed above you could get buyers flowing back into the stock again. Right now, support appears to be at $42 for Visa. The problem with Visa stock is the company is so tied to the economy. With all the unknowns out there, speculating Analysts have nothing good to say about the current state of the economy and will downgrade a stock like Visa. The stock market typically turns upward six months before the economy starts to show improvement and Visa will be the first to turn with the market. My opinion - If Visa stock dips below $40 I will have to start a long position.

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Dryships ( DRYS ) Stock Bottomed? - 10/1/08 - Time to buy Drys?

Drys stock have reversed 10% in an hour and a half going from $33.03 to $36.48......looks like a bottom to me. Dryships ( DRYS ) has been absolutely crushed over the past month and an explosion back to $45 could be on thew horizon.

Also, Potash ( POT ) is looking incredibly attractive under $130 today.

Senate is going to vote on the rescue plan tonight so stay tuned!

http://blackberrystocks.com/drys.html

http://blackberrystocks.com/pot.html

Apple ( AAPL ) Double Bottom, Triple Bottom - Long Position AAPL

Apple ( AAPL ) has had a really nice reversal today.....it is now safe to take a long position with a tight stop at $146.

Apple AAPL has hit lows of $146.38, $146, and today, $146.50......a break above the high of day at $150.90 with volume could give you a huge run over the next week.

Long AAPL, tight stop at $146