Monthly Archives: September 2011
Fuck you Putin, running sideways, middle finger flagging in the wind.Comments »
Technicals are hard to call during extremely volatile markets, but it would appear as of this morning that the S&P is toast.
IMO Were looking at a test of 1045 area with a possible breach of 1000.
Given all the news one would think gold would be up. This is the only curious trade i can not figure out momentarily, but longer term this should be a buying opportunity.
Here was a piece FYI on $1700 gold
At any rate, the t.v. keeps talking about hope. I say fuck hope given a possible banking contagion.
The markets still have some resilience despite all the negativity. Look for the 1140 level on today’s close. Below that we have 1120, 1100, 1045, 990. Thankfully the S&P has bounced off the 50 day of 1132ish. Let’s hope for a hold of this area, but I will not bet on it.
Oversold territory has only been a bounce effect lately. I suppose it is important to note that we are very oversold.
The 1050 area tested last June feels like the magnet area to where we might get pulled down too.
Good luck to all.[youtube:http://www.youtube.com/watch?v=UxrljsaGrqc 450 300]
NFLX – Netflix upgraded to Outperform at Wedbush
LULU – lululemon athletica initiated with a Buy at Argus
TEVA – Teva Pharma resumed with a Buy at Goldman
GIS – General Mills target raised to $44 from $40 at Stifel Nicolaus
BMY – Bristol-Myers upgraded to Buy from Neutral at Goldman
STJ – St. Jude Medical initiated with a Buy at Kaufman Bros
GSK – GlaxoSmithKline upgraded to Neutral from Sell at Goldman
RHT – Red Hat target raised to $50 from $48 at RBC Capital Mkts
SYK – Stryker upgraded to Buy from Hold at Citigroup
HNZ – HJ Heinz initiated with a Buy at Jefferies
INTC – Intel upgraded to Buy from Neutral at BofA/Merrill
BRCM – Broadcom upgraded to Market Perform from Underperform at JMP Securities
LVS – Las Vegas Sands tgt raised to $59 from $52 at Goldman
YOKU – Youku.com removed from Conviction Buy List at Goldman
JNJ – Johnson & Johnson downgraded to Neutral from Buy at Goldman
PG – Procter & Gamble downgraded to Neutral from Buy at SunTrust
UA – Under Armour downgraded to Hold at Needham
MLNX – Mellanox Tech reinstated with a Neutral at Credit Suisse
CVS – CVS Caremark initiated with a Hold at Deutsche Bank
BMO – Bank of Montreal downgraded to Underperform from Sector Perform at Scotia
MDU – MDU Resources initiated with a Hold at Capstone
CPRT – Copart target lowered to $42 from $45 at RBC Capital Mkts
WPI – Watson Pharm resumed with Conviction Buy at Goldman
URBN – Urban Outfitters downgraded to Underperform at Wedbush
WCG – WellCare Group target lowered to $55 from $57 at Stifel NicolausComments »
YHOO +1.4%, MLHR +11.5%, INTU +1.3%, HNZ +0.9%, NFLX +0.6%, TNH +4.3%, GR +7.8%, MOS +2.2%,
RHT +6.5%, MOS +2.2%, BBBY +1.7%,
do you even have to look at this category given the futures and world market performance ?