Thursday, July 23, 2009

Thursday Update

The markets took over the resistance and if we manage to close above 950 in S&P, there is no need to take profits here. Hold tight...we are going to see 1020 soon.

2 comments:

Unknown said...

do u see dow moving toward 10k by end of 2009 taking into account bleak growth outlook for 2010 too?

on the money Jan11 4 call UYG for playing financial sector recovery? thoughts?

thanks for the last reply, still holding aaple

Nepali Trader said...

I'm not sure if the DOW will be able to move towards 10,000 at the end of the year. I can't predict that far. I update my models every month and when I get a signal, I follow it. Currently it is pointing up, so I'm going to buy on a pullback/support.

Options on ultra proshare is a little complicated and I do not know much so I'll bite my tongue on that.