Friday, August 17, 2007

20070817 Tom PM

DJIA 13,079.08 +233.30 Can go to 13,500.
NASDAQ 2,505.03 +53.96 Can go to 2600.
S&P 500 1,445.94 +34.67 Can go to 1480.
This week had huge down volume. This morning banks got a temporary reprieve via fed rate cut.

GS 175 +5.15. Can bounce to 198 from July 26, 2007.
NGD 4.83 +.09. They have $160M capital at risk, though intend to continue their projects.
XOM 84.14 +3.47. Can bounce to 87 then pull back.
MO 67.59 +1.23. Will bounce.

1:52

1 comment:

Anonymous said...

what is your downside target during this correction on s&p? intially you were expecting 1225? still sticking with it? would like your views. thanks

Peter