What’s up guys, it’s been a busy day and I’m just getting to today’s action. After looking at a few things, I can guarantee you, I would’ve lost money today. The market continues to do the unexpected, chopping up both bull and bear traders.
Looking at the last 20 days, the S&P is actually displaying a bullish chart, with higher lows continuing to form since O’s inauguration day. It’s was also impressive to see the market rally from today’s lows, with BAC trading sub $4.
I think tomorrow will bring a true test on whether we can rally from this level. A move above 850 would be a bullish breakout, it’s been tested several times in the last two weeks.
I have another busy day tomorrow so check for updates in the evening. As it stands, I still hold: GOOG, a few solars, and DXO. Watch 850 tomorrow.
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Note: if the market fails 850 again, we could have a beautiful head and shoulders pattern, which would entail a serious devildog move lower.
Wouldn’t that be a head a 4 shoulders? Mutated man!?
indeed.
No, Indued …
What’s your target price for DXO?
so far so good.
Is it just me, or PALM is setting up for another great short if the market doesn’t hold 850.
More congrats on the GOOG, around a $70 gain for you now hey RC? Nice.
Still holding RIMM from a ways back, it’s getting silly now.. almost at $60, almost. Couple of target raises today..
BIDU still getting the axe from both those Piper comments 2 days ago (possible estimate miss this qtr) and some article today/yesterday about them losing market share in China to GOOG.
BIDU has completely missed out on the entire rally.
RIMM hits $60, AAPL almost at $100
this is getting fun to watch.
GOOG to $400, I wish I still owned RIMM.
I bought a little CME this morning.