Verizon Communications (NYSE:VZ) – $28.79
News event: Reported slightly higher than expected third quarter earnings
Technical comment: Investors took profits on news. Verizon currently has a negative intermediate technical profile. Intermediate trend is down. The stock trades below its 50 and 200 day moving averages. Short term momentum indicators continue to trend lower from an overbought level. [...]

October 16th 2009
International Business Machines (NYSE:IBM) – $121.66
News event: Higher than expected earnings, but lower than expected revenues.
Technical comment: IBM currently has a positive intermediate technical profile. Intermediate trend is up. The stock trades above its 50 and 200 day moving averages. Short term support is indicated at $115.15 and $117.26. However, short term momentum [...]

 
October 1st 2009
S&P 500 Index ($SPX 1,039)
News event: A break below key a technical level this morning.
Technical comment: This morning the S&P 500 Index broke below its intermediate up trend and completed a rising wedge pattern. The breakdown occurred shortly after short term momentum sell signals and bullish percent index sell signals were recorded. Intermediate [...]