Thursday, March 5, 2009
March 5th - Stock Market Review
Current Portfolio - 101,402$
Open Position -
The oil made a higher low and that is good, but a real long can be taken above 28.
The QQQQ and the SPY had a nice rally yesterday, but a real long can be taken, at the QQQQ above 28 and at the SPY above 74.
We will look for a pullback and making a higher low in the SPY or maybe a positive divergence in the MACD. We have a lot of stocks that are on our wach list with a tremendous potential .
We will wait for a buy signal from the indexes to start and buy stocks.
Open Position -
The oil made a higher low and that is good, but a real long can be taken above 28.
The QQQQ and the SPY had a nice rally yesterday, but a real long can be taken, at the QQQQ above 28 and at the SPY above 74.
We will look for a pullback and making a higher low in the SPY or maybe a positive divergence in the MACD. We have a lot of stocks that are on our wach list with a tremendous potential .
We will wait for a buy signal from the indexes to start and buy stocks.
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