Relative Strengthon my list

Friday, May 16, 2008

CME
VLO
AMLN
IPI
SBUX
GRMN

Market View: Dow and S&P 500 join Nasdaq at fresh session lows in recent trade -Update- -Technical-

These two averages fell shy of taking out their 200 day sma in opening action and have recently slipped to new session lows. Initial support for the S&P 500 is between 1419 and 1417 with Dow support in the 12950/12940 area.