Follow Up to last week’s 3 Charts – KORS, LL, and OCN:

  • KORS:  Failed breakout attempt last week but still could put in a handle here.  See if it can then hold $60.
  • LL:  Struggling to hold the $60 level but still holding handle.  Looks fine for now. If you like wood and housing related plays, then also take a look at AMWD which showed relative strength on Friday.
  • OCN:  Cleared handle in volume Thursday but struggled to emerge from cup on Friday. Homebuilders (ITB) have started to struggle a bit.  See if this translates to problems for the Mortgage group: OCN, NSM, WAC, and CLGX.

This week:

Antichartjunk Week 6 BLK Chart

Antichartjunk Week 6 GNRC Chart

Antichartjunk Week 6 WDAY Chart

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February 3, 2013

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