Charts… BNI, TIE
BNI:
There appears to be a consolidation here with the 32 SMA potentially holding up. Further downside is possible to the 79 support, especially with a consolidating market. The MACD potentially indicates a pop upward. (If interested in purchasing BNI at the current level, a good idea is to sell the Oct 80 Puts.)
TIE:
TIE, along with the overall market, is over extended. TIE may act somewhat stronger than the market, as today indicated, but TIE did retreat as the market retreated. As such, TIE should follow the market consolidation. There is support around 32, which is also confirmed by the SMAs from the weekly chart.
