QQQQ remains strong in the uptrend, but let’s see if it can break this resistence.
Monthly Archives: May 2005
MSFT pulls back some, but it’d be an entry point for anyone to get long if it can stay above this support.
It looks like 300 is reachable for GOOG. We have seen two big gaps up.
A good day for longs
It’s a good day for all indexes. INDU moved over 10400. I have started scaling out stock positions and building up cash as planned.
Oil stocks continue to decline after peaking a while ago. As crude price drops, we expect further downward movement, but the bottom may be approaching. The support for XOM locates between 52-53.