CNH Global (CNH) is in the third day of a Backdoor Slider setup. We will look for a move below 8.59 as indication that a continuation move to the downside is imminent.
Hershey Co (HSY) is a Line Drive continuation candidate. Any trade above 37.75 will have us looking for an entry opportunity on broader support from the major indices and the consumer sector.
PNC Financial Services Group (PNC) is a 3-2 Pitch short side candidate below 30.04. We will watch for weakness in the financials after an initial pop on the exuberance revolving around the “good bank – bad bank” solution likely to be implemented by the Obama administration.
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