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Synta Pharmaceuticals Corp. Message Board

  • xx369 Oct 22, 2013 3:00 PM Flag

    Market update

    SPY hit my target today 175.77. We will know if the over all market will correct if the SPY turns down and breaks the 5min intra day 200 moving average at the close.
    AMGN will be reporting after the bell as far as I can tell it just broke out of a cup formation as I type this. The target move is $10 on good earnings. Its a #$%$ shoot, but the pattern is suggesting a beat.
    Sometimes opportunity comes to those who wait. Example, NUS reported blow out earnings and stock gapped up $16, then it sold off to close the gap for another buy signal at main support. It gave traders a $8 move up in less than an hour.
    The USO oil fund is slowly selling off to a key support at $35. When it hits this target, stocks in the oil sector will be hitting a key support. I have buy scenarios for PXD at $202.87 and $199.55, depending on the look of the final push down.
    SNTA is a hold until news is released.
    SID broke out today, not sure what to make of it, but my target is $6.65 which is a dollar move from this break today.

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