Wal-Mart Stores, Inc. (WMT) Technical Analysis

Today we'll analyze the Stock WMT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 50.94$ (02/01/08) to 48.53$ (02/08/08) a 2.41$ move
2- The current bullish trend started from 48.53$ at 02/08/08 and is currently trading at 54.40$.

3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 48.53 and 45.5, and is currently supporting at 53.378.
Mid term chart patterns :
5- The Stock was supported by a support line, identified by two points: 45.5 and 42.51, and is currently supporting at 50.3588.
Long term chart patterns :
6- The Stock formed Double Top Pattern at 49.37 that failed, and formed a support .

Conclusion:
WMT was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: .
Support Levels: 53.38, 53.01, 52.16, 51.47, 50.77, 50.36, 49.38,.

UltraShort S&P500 ProShares (ETF) (SDS) Technical Analysis

Today we'll analyze the Stock SDS for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 61.42$ (03/25/08) to 64.48$ (03/28/08) a 3.06$ move
2- The current bearish trend started from 64.48$ at 03/28/08 and is currently trading at 59.50$.

3- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 64.48 and 66.73, and is currently resisting at 62.605.
Mid term chart patterns :
5- The Stock formed a 10.22$ height triangle which was broken down at 63.58 in higher than usual volume, target of the pattern is 53.36.
Long term chart patterns :
6- The Stock was supported by a support line, identified by two points: 58.87 and 50.18 that was broken down at 64.14 transforming into a resistance line.

Conclusion:
SDS was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 60.68, 61.40, 61.99, 62.58, 62.61, 64.48, 64.52, 64.72, 69.25, 73.74.
Support Levels: .

Advanced Micro Devices, Inc. (AMD) Technical Analysis

Today we'll analyze the Stock AMD for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 7.21$ (02/29/08) to 5.91$ (03/28/08) a 1.30$ move
2- The current bullish trend started from 5.91$ at 03/28/08 and is currently trading at 6.23$.

3- The stock current support level is at 6.22 which is the 23.60% fibonacci retracement of the last 1.30$ move.
4- The stock current resistance level is at 6.41 which is the 38.20% fibonacci retracement of the last 1.30$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 7.21 and 8 that was broken up at 6.23 transforming into a supporting line.
Mid term chart patterns :
7- The Stock formed a 1.75$ height triangle which was broken up at 6.23 in higher than usual volume, target of the pattern is 7.98 which was broken down at 6.38 in higher than usual volume, target of the pattern is 4.63.
Long term chart patterns :
8- The Stock formed a 1.75$ height triangle which was broken up at 6.23 in higher than usual volume, target of the pattern is 7.98 which was broken down at 6.38 in higher than usual volume, target of the pattern is 4.63.

Conclusion:
AMD was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 6.41, 6.52, 6.56, 6.71, 7.21, 7.56, 7.98, 8.01.
Support Levels: 6.22, 6.22, 6.15, 6.11, 6.07, 6.03, 5.91, 4.63,.

Altria Group, Inc. (MO) Technical Analysis

Today we'll analyze the Stock MO for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 21.67$ (03/20/08) to 22.77$ (03/28/08) a 1.10$ move
2- The current bearish trend started from 22.77$ at 03/28/08 and is currently trading at 21.71$.

3- The stock current support level is at 21.67 which is the 100.00% fibonacci retracement of the last 1.10$ move.
4- The stock current resistance level is at 22.09 which is the 61.80% fibonacci retracement of the last 1.10$ move.
5- According to ADX, the trend is currently bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 21.67 and 22.86, resistance between 22.77 and 24.12, the channel is currently supported from below by 21.4536 and resisted from above by 22.6473.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 19.48 and 16.67 that was broken down at 21.71 transforming into a resistance line.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 19.48 and 9.01 that was broken down at 21.71 transforming into a resistance line.

Conclusion:
MO was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 21.83, 21.96, 22.03, 22.09, 22.11, 22.22, 22.24, 22.35, 22.37, 22.51, 22.77,.
Support Levels: 21.67, 21.37, 20.99,.

AT&T Inc. (T) Technical Analysis

Today we'll analyze the Stock T for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 37.88$ (02/15/08) to 34.83$ (02/29/08) a 3.05$ move
2- The current bullish trend started from 34.83$ at 02/29/08 and is currently trading at 38.48$.

3- The stock current support level is at 37.88 which is the 100.00% fibonacci retracement of the last 3.05$ move.
4- The stock current resistance level is at 38.71 which is the 127.20% fibonacci retracement of the last 3.05$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 37.88 and 38.28 that was broken up at 37.66 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 38.28 and 42.03 that was broken up at 35.01 transforming into a supporting line.
Long term chart patterns :
8- The Stock formed Double Top Pattern at 42.03.

Conclusion:
T was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 38.71, 39.76, 42.08, 42.22.
Support Levels: 38.03, 37.88, 37.68, 37.62, 37.09, 36.71, 36.66, 36.48, 36.36, 36.22, 36.00, 35.55, 34.83,.