ABK, MBI analysis 8/29/08 - Ambac, MBIA support and resistance 8/28/08

ABK and MBI are looking a little weak in pre market today thanks to the lower futures by Dell Computer. Dell completely below it last night missing by .05 cents per share.

http://daytradingstockblog.blogspot.com/2008/08/abk-mbi-hot-stocks-82808-ambac-mbia.html

Ambac and MBIA went up 35-40% yesterday so some profit taking is expected.

Support and Resistance Levels ( ABK ) & ( MBI )

MBIA - MBI has support around $15.50 - $15.70 area.....a break below this with some volume and $15 would be tested and possibly $14.40's could be tested....this was a solid support level 8/28/08. A close below $14.40 and you will need to bail....this would be a breakdown of the 8/28/08 trading action. Resistance will be yesterdays high of $16.29 and the close of $16.15.

Ambac - ABK has minor support in the $7.10-$7.16 area, then support at around $6.90. Ambac went straight up yesterday from about $6.05 to $6.40....then paused for a half hour, followed by the explosion to $6.90. Resistance will be yesterdays high of $7.58 and the close of $7.42.

Hope this helps!!

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Dow Jones Technical Analysis 8/25/08 - Dow Jones Industrial Average Analysis August 25th, 2008

The last time I reported on the Dow we were around that key 11,400 level I talked about several times. Recently we have closed below and shot back up through this level. The low on the Dow last week was around 11,300 and I strongly believe this will hold. I am now looking for the Dow Jones to break an important resistance level of 11,698.

Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.

Apple ( AAPL ) Chart: Technical Analysis of Apple ( AAPL ) August 19th, 2008

This morning I have updated my Apple ( AAPL ) technical analysis stock chart. Apple has had a nice run....back up close to the resistance levels of $183. Apple ( AAPL ) has strong support at the 200 day moving average.