S&P futures managed to close above 881. A close below 876 will change the current support to resistance. Nasdaq was relatively weaker in the first part of the week but has demonstrated some strength in the past two days. I'm still bullish until we close below 876 which will change my bias to neutral.
I find it easier to tell what the general market is going to do rather than what an individual stock is going to do. This may be the reason why I like to trade futures than stocks.
Here are some of the stocks that showed up on my scan. These are swing trades that are supposed to be held for weeks to months. I will post the trigger price, target and stops over the weekend. Till then you can start looking at the charts.
SMSI, ARST, CMED, ABG, SNS, CPF, SWIR, SPAR, BGFV, CLMS, MPWR, GTLS, FIRE
BOOM, DM, CRYP, APOG, HGG, BJRI, JRCC, RGR, TSL, NMM, TCBI
Friday, May 15, 2009
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