Wednesday, December 12, 2007

Fed Sending a Signal

The Fed is sending a signal that they're going to be very proactive about the "credit crisis". That has spurred the market upwards at the onset. Cautiously optimistic on the overall markets but skeptical that we've seen the end to troublesome economic news. Sitting tight but review and load:

  • URBN (28.36)
  • BRCM (28.54)
  • RAI (68.79)
  • WDFC (41.25) H.B.P. $41
  • HNZ (48.02)
  • UST (59.39)
  • WAT (78.85)
  • BUD (53.38)

Pivotal Levels: DOW 13630, NAZ 2725-35, S&P 1505

200 dma DOW 13280, NAZ 2595, S&P 1485

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