Sunday, April 12, 2009

Back!

I had a nice week off though catching Thursday's move would have made it better.How fabricated it might be but WFC gave market good news.As a result financials showed strength and led from the front.Important earnings that will most likely determine market direction:
April 14th
GS
INTC

April 16th
GOOG
JPM

April 17th
C
GE

S&P 500 has minor resistance around 875 which I personally think we will blow past after GS reports. I hope we get a slight pull back on Monday so I can load up on GS. As far other possible plays are concerned my bet is on GOOG.
This will be a historic week because FAS and FAZ will swap places. I 'll probably pick some FAZ up around $5-$7 range when S&P hits 950.

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