ATU, MO, ERTS, MRVL

These are the few large cap names I've been watching lately as there patterns are looking pretty decent.

Check out ATU. If you bring up the year long chart on www.stockcharts.com you can see the triangle that it has recently broken out from. The triangle starts in mid November and has only ended recently with the breakout yesterday. According to the triangle the move made after the breakout should equal 9 dollars, a 17 percent return from here. It looks like it came back to retest the breakout today and is in an ideal spot. If it falls back into pattern and does not hold you will know shortly and it will be a warning sign to sell the stock.

MO is still in the consolidation pattern that I mentioned earlier except now it is pressing up against the middle bollinger. Now that it has found some support I believe it will show us it's next move very shortly. Regardless of the weak quarter it reported, it looks like it might move higher from here.

Look at a year chart for ERTS (Hopefully I'll have it up here in a bit). See the rounding bowl? That means it's a good time to get in. I definately see this stock back at 58 in a relatively short time period. I'd look for 51.90 to make an initial entry then see if it comes back its 50 sma at 51.25 to pick up the rest. Stop out below the 50 sma.

MRVL is coming back to its 52 week low and I believe it will find support there to bounce off of. Look at a year chart and you can see a 52 week low at the beginning of October that hit 16 then bounced. It should do the same here. Maybe it will not find 16 again and will bounce from a higher level. That's why i would recommend giving it some leeway and entering initally around 16.50 with a small position. You can then add more once it gets to around 16.

I would've had these posted yesterday, but unfortunately my Apple Macbook, yes a mac, crashed and burned on me.

I'll be back in a bit to post more.