Friday, July 11, 2008

S&P 500 new 52 WK low 1225.35..Closed 1239.49...

S&P 500 went to the lowest level again... but closed ABOVE yesterday's LOW AGAIN !!!

VIX spiked UP to 30.......

1220 on S&P 500 is a support area...BUT solid support IS around 1170 area.....

Financials tanked again as FRE & FNM were losing almost 50% @ low......

In my portfolio :

AAPL rating 25/75 target $187.75

SOL rating 85/60 target $17.99

HOD.TO No TA...goes opposite of Nymex Crude ...It is a BEAR ETF on Nymex Oil....

Few stocks were green which included ISRG,MA,IPI,POT,ABX,GG,AUY,KGC,
SOL,JASO,SPWR,ICE,VMW,QID,SDS,DXD,ICO,JRCC.....

By 10AM saturday I will post list of technically weak/strong and buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

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