Hilton is setting up decently right now, with the MACD and RSI both showing neutral. I would half my position with a break about $36.50 resistance on strong accumulation volume, and buy the rest with a break above $38 moving the stock into new highs. This movement may take a few weeks, and perhaps not even occur if last week’s $34.32 low is tested.

I am not a fan of Mastercard in this current trading range. The volatility increased decently towards the end of last week and two distribution days were seen. Also check out the MACD now which is downtrending and showing “sell” overall. I think the $135 lows from last week will be tested again, and perhaps the 50 DMA will show up as support. Regardless though I wouldn’t consider MA as a buy until it breaks into new highs above the $151 - $152 price range.

I just found this chart of the Chicago Mercantile Exchange (CME) and needless to say I was intrigued by what I found. The stock has broke two key resistance points this past week and has been under very positive accumulation to do it. The long term trendline of lower highs was initially created back in January of this year. The MACD and RSI indicators check out as being bullish and in no sign of trouble, and I would say this is a decent spot to pick up some CME for a longer term hold, perhaps into late Q3 or even into Q4 this year. Stops at $530 would be more than sufficient to protect yourself on the downside, now if only the 50 DMA could start trending upwards…

I have covered some good topics on Stock Trading 101 related to technical analysis, and this chart encompasses most of them. BOT has been an interesting stock to watch as the MACD has slowly trended down as the stock has stabilized and made higher lows in the $180s. The last three higher lows were first at $181 in April, then $183 in May, and most recently $186 closer to June. What sends mixed signals right now though are the two distinct distribution days this week. The RSI is basically neutral, so I am not considering BOT has a purchase until it crosses into new highs above $203.38 on strong accumulation volume. If the 50 DMA or the wedge is broken to the downside I would say this setup is bust.

Google (GOOG) has had two nice moves here in the last few weeks. The first past $490 and the most recent into all time highs past $510 resistance which was first seen way back in November 06. The RSI is showing possible overbought, but the stock could very well linger in this area into next week, negative divergence setup anyone? It is good to see Google holding up with the market taking a decent hit the last few days, but then again the day isn’t over yet and it seems today is already showing a strong intraday reversal. If the stock pulls back towards $510 I would look for the 10 Day Moving Average (DMA) to possibly give support as it continues to move up.

Johns has been extremely busy with his new job, and thus I have volunteered to keep the blog rocking and rolling until activity kicks up on his end again. My name is Blain Reinkensmeyer, I am the President of the non-profit Falkin Investing Organization, and run my own blog, Stock Trading 101, which has a strong focus on stock education.

Other quick info: I am 21, started investing in the stock market at age 16 and have been in love since. I went to college for one year, but by the end of my freshman year I was spending more time daytrading in my dorm room than I was going to class (whoops). I developed a trading concept in my dorm room that year though which is now patent pending, and really just found that college wasn’t for me. I left to trade full time, launched falkininvesting.com, and here I am today.

Comments are the best way to shoot some lovin, but you can email me if you’d like, ” blain . reinkensmeyer AT gmail . com ” Charts coming soon, see you then :P .