Tag: KO
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Make or Break?
Up, Up and then Doooown. That’s the simplest way I could define the stock market’s pattern these days. Should the markets attempt another move higher, which could be sparked by today’s release of the Nov. unemployment report, initial resistance should be at the Nov. 28 reaction high at 8831 for the DJIA, 896 for the…
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Raytheon(RTN) and CocaCola(KO)
Raytheon (RTN) has been beaten very hard recently. From a high of $67 to current $57.5 levels. To me, it offers a short term buying opportunity for a bounce that may happen as soon as it touches the $56 area. There are many ways to play this bounce ranging from straight calls to bull put…