Where is the support in S&P 500 ????

Sorry for the delay...A friend called long distance........

Markets are doing the usual.......down sharply.......

When I am looking for support......I see a major support in S&P 500 in 1420 area...which is 18 points away....

Instead of worrying about markets and its support...the focus should be on...do you have the stocks which has the-best chance of moving UP when markets recovers ?????

I still believe that strong stocks alway's recovers fast.........

All my stocks are showing loss like the market.......

FMCN reports tonight...hoping for a good guidance........

I added 36% SINA @ open...which was NOT the smartest move.....but I do NOT worry about today's price ...but SINA stock price a month from now.....my cost of SINA went down to $54.02.....which is a drop from my previous cost of $56.92...

My portfolio remained unchanged...and they are :

AAPL,FMCN,SINA & RIMM........

My loss from today if any .....will be negated by a sharp drop in Canadian $...so my short position will help my overall portfolio by .9%...so far.......

@12.14 PM the following are green :

CMED ( reports AH tuesday),ISRG (recovering after $60+ drubbing),
ICE ( new 52 wk high),FSLR,QID.

Today is a very good day to "make a switch into strong stocks...as they are trying to turn with any improvement.....Tape is very strong even in negative territory on famous names..which MAY be near its support/low"

Good luck on a better close.

BLOG does not give buy or sell.

Saleem