daytrades august 31 pre-market, page-9

Morning all,

Disappointed at last nights fall, I didnt expect it on the back on numbers which I didnt think were too bad..GDP consumer confidence was released earlier, which unexpectedly rose which is also good news.

Ill be watching for bounce stocks this morning as Im sure we are going to see some decent amount of red.

One stock I think will buck the trend is Customers Limited (CUS). Hit $1.76 yesterday, before closing @ $1.88. Some big volume went in after the low, which gives me the impression its seen the bottom. Chart shows Fib bounces, which are $2.13, $2.25 and $2.37 respectively. Looks well overdone IMHO, so lets see how it goes.



The otherone is JB Hi Fi (JBH). Its now heading into the spending season, with fathers day and also the xmas festive season approaching. Im sure they have done a roaring trade also from the Apple Iphone 4, and the chart is starting to shape up nicely. (weekly)



Anyway, good luck today all

Cheers
Kevi