After several days up last week, today there is no big sell off , which may be encouraging for the bulls, I may need to adjust my view of the market to the bull side a little bit too. As I mentioned last Sunday, historically the first three days are bullish so I am not so surprised to see a green today. The DJIA finished 0.2% +. Everyone said the leading are tech stocks (MSFT and INTC).
Look at some stocks I am watching:
C is up , above 4 dollars.
BP is up, big news leading
F is is up, in the middle term of rally
NFLX is up, potential for call/put strangle
VMW, I miss the chance for the call, still up now, not good set up last week on Monday, but it rocked up by news.
SNDK is up and never look back.
Levels to Watch in Trading: (from Schafferresearch)
- Dow Jones Industrial Average (DJIA – 10,216.27) - support at 9,500; resistance at 12,000
- S&P 500 Index (SPX – 1,078.75) - support at 950; resistance at 1,300
- Nasdaq Composite (COMP – 2,198.36) - support at 1,900; resistance at 2,600
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