Interesting price charts as of October 10, 2012 including $WMT up $BIDU $MSFT down …

The sell-off continues, more sells than buys, more downward breakouts than up. We follow price, and are aware of traders watching for consolidation/basing as sell wash through, but guys like Michael Belkin observe that could be it for earnings increase trends.

Longs:

A few large-cap “value” plays.

$WMT (resumption of rise going back to May 2012)

$KFT

$DVA (going all the way back to June 2012)

SELLS:

$BIDU (a “fresh” one that continues a decline that was interrupted July 2012)

$CMI (also resumption of another decline that was interrupted July 2012) Watch out of $85+ or so, after dropping from trailing 12 month high and then bouncing 50% during the summer before resuming its fall.

$MOS

$MSFT (part of a tech/dow downward breakout)

$OXY (resumption of decline that was interrupted May 2012) (Note: how many issues dropped and then bounced up to 50 percent from a recent low.)

$RDC (resumption of decline that was interrupted July 2012)

$TM

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