Wednesday, May 13, 2009

900 Level S&P

876-880 looks to be the next support under 900

10 comments:

  1. Not doing much today.

    still letting FXP run to my target: $19.50 although it could struggle with $18.

    playing quick trades intraday primarily from the short side

    watching the SPY action closely

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  2. AAPL at $120

    $118-119 would be a good long term entry

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  3. IYR: looking for it to test prior resistance around $29.55-$30

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  4. OIH: $94.88 now...now we have to wait for evidence of support...I think $94 will hold, but $88 could come just as fast if selling keeps up in the markets.

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  5. TBT: I have go long signals...but las time it was down 3 in a row, the fourth day worked the best to go long.

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  6. F: I have go long signals at $4.48 and $4..$3.55 is a must go long.

    Ford is the one NOT going bankrupt.

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  7. I think stocks go back up from here...950 to 1100 on the S&P. Bulls will win the battle at 880

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  8. Anonymous:
    Its a little early to tell but its likely to see some resistance thats for sure. Personally, i'd like to see resistance with a pop to 920 or so then a resumption of the fall.

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  9. I exited FXP today...the S&P held 880 so far and I consider the S&P to lead the world markets. If the S&P can break 880, I will like the shorts again.

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