Tuesday, February 26, 2008

Just thinking about todays market, and how this market continues to defy gravity.. You can feel how heavy the markets are, and each day we are fed negative rhetoric about how this market NEEDS to retest the Jan lows. The saying "climbing a wall of worry" hold true here.

Technically we closed above 1371 and the 20 dma, this is bullish and i expect markets to move on this signal $S&P Support at rising trend line on daily at 1331 and a breakout on a move above 1375 should get us near 1391 50 dma before we hit some real resistance. So i will be looking for a big day tomorrow with good moves in some of my holding SHLD and JOYG as my best bets tomorrow, but many others look great to0, could be a throw your money at the market type of day.