TPX Update for 08.02.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows the selling seems to have stopped, with early bulls stepping back into the stock. Price is currently well below all key moving averages. While the stock has found short term support, there is no buy signal/pattern evident on this timeframe.

Weekly chart shows price to be well below the longer term moving averages. While the aggressive buyers managed to lift the stock of the $7 low, the last two weeks saw profit-taking as price headed above the small LIS of $9.51.

Daily chart shows profit-taking, with a lower high made mid-week. Friday saw indecision between the bulls and the bears, with the trading activity resulting in a doji candle pattern. After such a large, sharp move down to all time lows, I would expect some consolidation to take place before the next larger move.

TPX Update for 07.19.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows short term support in place off the $7.05 low, where aggressive buyers stepped back into the stock. Price remains well below all key moving averages, especially the 8ema.

Weekly chart better shows the support off the $7.05 low and the strength of the aggressive buyers, who closed the price last week above the key LIS of $9.41.

Daily chart shows that the second downside target at the 1.618 fib level was hit, and provided support, at least in the short term. This created a bullish butterfly pattern. Friday's bulls soon found resistance off the .618 fib retracement level of the last move down from $12.71 area, where profit-taking took place. IF this is indeed a tradeable low, THEN look for a buy signal/pattern to enter long for a short term trade.

TPX Update for 07.13.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows the major meltdown in this stock since the high was made September 2007. No buy signal/pattern evident on this timeframe.

Weekly chart shows continued weakness and selling. No buy signal/pattern evident on this timeframe.

Daily chart shows second downside target at the 1.618 fib has been hit, where early buyers started getting back into this stock. No buy signal/pattern evident on this timeframe at this time.

TPX Update for 07.05.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows just how much was lost in just a short time. Currently the price is below the low and key LIS of $9.41. The stock hit a new all time low last week at $7.51. This is quite the tumble from the $17 area that Aim Trimark mutual fund managers bought earlier this year. There is no buy signal/pattern evident on this timeframe.

Weekly chart shows just how bearish the stock remains. No buy signal/pattern evident on this timeframe.

Daily chart shows that an all time low was made last week at $7.51. At this level, there were initial aggressive bottom pickers who stepped into the stock. However, they were met with yet still selling, and they were unable to take stock price any higher. The first downside target has been achieved (and exceeded), and consolidation and profit-taking would be expected at this point. Let's see if it happens or not.

TPX Update for 06.28.2008

TEMPUR PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows extreme bearishness with no buy signal/pattern evident at this time.

Weekly chart shows price well below its longer term moving averages, as well as the 8ema. No buy signal/pattern evident on this timeframe.

Daily chart shows new all time low made this past week, and trading below $8 on Thursday. Thursday and Friday's trading sessions resulted in a doji candle patterns, indicating indecision between the bulls and the bears. No Buy signal/pattern evident on this timeframe.

TPX Update for 06.22.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows nothing but selling. No buy signal/pattern evident on this timeframe.

Weekly chart remains bearish and weak. No buy pattern/signal evident on this timeframe.

Daily chart shows the first downside target at the 1.27 fib level has been hit. The AIM Trimark funds which hold TPX have seen their position lose more than 50% of its value since January 2008.

TPX Update for 06.08.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows selling pressure remains in place, and the stock has all but lost 100% of its gains since its IPO.

Weekly chart shows price below all key moving averages, especially the 8ema. Stock looks like it has completed its consolidation phase and is ready to break DOWN.

Daily chart shows the renewed selling pressure with Friday's trading session, as the bears gapped down the price and sold it off right into the close. Look for the low to break as it it makes all time low. This is a key holding in a couple of Aim Trimark funds - AIM Global Endeavour Fund & AIM TRIMARK Smaller Companies Fund. How could they have gotten it so wrong?

Tempur Pedic Update for 06.01.2008

TEMPUR PEDIC INTERNATIONAL INC. - TPX

Monthly chart remains quite weak. No buy signal in sight. Price is well below all key moving averages, especially the 8ema. Will the low hold, or will it is break? Pattern indicates likely break and lower low. Only time will tell.

Weekly chart shows consolidation and bear flag pattern. Look for lower low as likely based on this pattern.

Daily chart shows continued weakness, and consolidation. Definitely no buy signal as of yet. Look for further weakness and would not be surprised if the stock makes a lower lower.

TPX Update for 04.19.2008

TEMPUR PEDIC INTERNATIONAL -TPX

Monthly chart shows that the bears have sold off the stock, and now price is right back to test its all time low made in October 2005. Since the Aim Trimark fund manager bought more stock at the $17 level, it has lost about another 30% or so. No buy signal/pattern evident on this timeframe as of yet.

Weekly chart shows price in small consolidation/trading range. There were early buyers willing to step back into stock near its all time low. However, price action is tracing out what looks to be a bear flag for lower still.

Daily chart shows kicker signal pattern being made as bulls gapped up the open on Friday's trading session. Will the bulls be able to hold the low and take price higher? Friday's session shows that even though the bulls were able to gap up the price at the open, they were soon overcome by the bears, and they were unable to hold onto most of their gains for the day. Look for continued weakness unless proven otherwise.

TPX Analysis for 02.09.2008

TEMPUR PEDIC INTERNATIONAL - TPX

Monthly chart shows the sharp selloff off the November 2007 high. So far, the stock has lost more than $20 of its $37.87 high. No buy signal/pattern evident on this timeframe.

Weekly chart shows continued weakness with more selling activity last week. No buy signal/pattern evident on this timeframe.

Daily chart shows that the selling has stopped for now, with early buyers stepping back into the stock on Thursday and Friday. No buy signal/pattern evident on this timeframe.