Monday, November 26, 2007

20071126 PM

DJIA 12,743.44 -237.44
NASDAQ 2,540.98 -55.62
S&P 500 1,407.22 -33.48. Look at August 16. Going to 1370 right now. If 1370 is hit tomorrow, look to close shorts and regroup.

CC 5.99 -.52 on heavy volume. Going to test Friday's low of 5.51.
TGT 55.22 -1.95.
VZ 41.23 -1.41. Telecom keeps trending lower. August 16 high was 40.58.
EMC 17.37 -1.08. Closed below August 16 low of 17.39. Watch how 17 holds, then look for 16.
XLE 71.49 -2.56. Oils are breaking down.
IVN 11.2 -.6. Can go to 8.5.

No comments: