TNA
Under two of our interpretations, 53.98 should be seen, (link). No change from yesterday, invalidation should come on a break under 50.19.
GILD
We had previously analyzed GILD on August 7th,,and we liked it as safe haven, based on a debt approach
Long term debt around $26 B, total cash $36 B , total debt $28 B. Balance Sheet, Total Cash (mrq), 36.58B, Total Cash Per Share (mrq) 28.01. Total Debt (mrq), 28.68B, Total Debt/Equity (mrq) 124.20. Current Ratio (mrq), 5.00, Book Value Per Share (mrq) 15.64
Our EW analysis concluded: based on EW I would consider a break under 68.54 a failure and the comes and goes have to hold 61.79 where the .50 retrace is located on the big picture (link).
Considering the micro and the 68.54 we used as reference for wave 2, GILD should not stop until 99. Area or the 3.618 extension on the bullish scenario (link); immediate invalidation is a break under 73.89, unlikely to our humble eyes.
YY
Too bullish for a our taste, above 72.01, bearish bets should be reconsidered (link).
