Monday, August 17, 2009

Time to be ahead of the curve - cont

What we are seeing today is a classical pulback after the earnings season. I hope that most people took some money off the table and locked in their project when S&P was at 1015.

I think that the market will continue to pull back untill we get the big money in from the big boys who missed the rally last time. I think the next S&P support is at 942 if S&P closes below 992.

Don't get long today; just sit back with your cash and enjoy the game. Keep your shopping list ready to ride another rally.

Here is the list: UYM, URE, PXLW, RF, C, MS, FWLT, TEX, IPI

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