Thursday, May 14, 2009

Market found support at 881 this morning and was up for most of the day. It closed right in between the high and low of the day. The buying did not look convincing but it was still an up day. Nasdaq showed some strength and that's what we need if the market is to go higher from here. Some of the blogs that I follow are bearish and I hate to be on the other side of those guys but I need to follow my own system.

One of the stocks that I had initially recommended was MED but took it off my list due to lack of volume...and today the stock skyrocketted.....In hindsight the volume wasn't too bad. I expect S&P to be in the 880-960 range for the next few months.

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