Chart Outlook: CLYW, TAM, CSL, SLAB

With the second day of October not ending any more impressively than the first for stocks, it may be time to dig up a few short-term trading ideas to offset a dip. As of right now, TAM S.A. (TAM), Silicon Laboratories, Inc. (SLAB), Calypso Wireless (CLYW.PK), and Carlisle Companies Inc. (CSL) are the most interesting bets. Here's a more detailed view of each.

No matter how many different support lines you draw, none of them suggest Silicon Laboratories, Inc. (SLAB) has a shot at stopping it bleeding anytime soon. The stock fell under the most meaningful of the support lines today, on decent volume for a Friday.

From here it's not crystal clear where Silicon Laboratories shares are due to find support again. You could make a case for the lows in August, or July, or May. The support levels with the most potential in this case, we fell are the Fibonacci lines at $38.11 and $31.35 (neither of which jive with the recent lows from SLAB).

In any case, Silicon Laboratories, Inc. has crossed a line.... literally.


It may not be a sophisticated setup, but Carlisle Companies Inc. (CSL) is falling all the same after an excessive runup in July. It may be headed all the way back from the current price of $32.48 to close the gap around the $25.00 mark.

Oh, Carlisle Companies shares fought a good fight for a while. The problem was, following the jump, the buying effort just stopped cold. CSL drifted higher for a while... listless. The jig is up though.

There are some Fib line at $30.08 and $27.08 for Carlisle, which may or may not have any bearing.

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TAM S.A. (TAM) didn't really have the best August or September following a fantastic Q2 of this year. We were ready to count the airline stock out. Things changed decisively today... for the better.

In a nutshell, TAM S.A. shares made a major outside reversal on high volume... an outstanding sign of a pivot. We've seen a few high-volume days - as well as outside and inside days - from TAM in recent weeks, but never on the same day like this.

Though we'd ideally like to see some follow-through next week, today should have been a big enough move to rock TAM of its rut and let it renew the previous uptrend.


Finally, Calypso Wireless (CLYW) caught out attention because, well, it's caught so many other people's attention lately. Look at the way volume has ramped up over the last three week - most of it bullish.

There's still some work to day here, as Calypso Wireless shares are still ultimately trapped in trading range between $0.015 and $0.04. However, the most-recent push off the lower support edge of that zone has been healthier than other; CLYW is actually gathering new buyers and building a base.

It may be a pumping effort (though we couldn't find one) helping Calypso get going, but it doesn't matter - the nudge may be all the stock needs. If the ceiling at $0.04 is cracked - and it should be at the current rate of progress - CLYW could go nuts.


If you'd like to know of any changes in our opinion of TAM, CSL, SLAB, and CLYW (or if we officially recommend them as trades), be sure to sign up for our free newsletter today. It's delivered 2 to 3 times per week.