As of intraday, GS touched and exceeded $145 per share, however it is not holding this level. Kinda makes you wonder what is going on? We remain netural at this point, continue to trade as a daytrading stock. But would warn the swings are weid with the markets.

Look at the Dia and Spy in relation to the GS. GS has not seen $149.31 per share since 9/11/2008, can we get there . . . Markets are trending sideways to higher.

EcoNews reminder 5/29/2009

GDP

Dia - 15 Min Chart
Spy - 15 Min Chart

TGT - 15 min chart

GS - 15min chart

MRVL - 15 min chart

What a day in the markets, moderate open the downside and momentum carried it all the way to the close. GS was a up +2 and gave it all back with some to spare. All this happened in a span of 20 mins. into the close. GS is not having it with $145 per share lvl, which was touched, exceed. GS = Resistances at $145-147 and Supports at $133-138.

MRVL is up over $10 per share still with earnings out on Thursday we should take profits off the table and see were the stock will go from here.

TGT is down under the $40 per share entry price, there not much more coming out at the retailers (earnings, consumer confidents, others) so looking for a breakeven and averaging it out.

EconNews - Reminder 5/28/2009:

OPEC meetings all day.
Home Sales.
Unemployment Claims.
Core Durable Goods.

Markets are so weird take the profits and run.

Earnings Update

Marvell Technology Group is scheduled to report on Thursday, May 28, after the close of trading. MRVL revisions are by 2 of the 18 covering analysts resulted in the most accurate estimate calling for a 1-cent loss, which is a penny better than the consensus earnings estimate.

As for earnings, it will be a quiet week, although names like Tiffany(TIF Quote), American Eagle(AEO Quote), Costco(COST Quote), and Dell(DELL Quote) plan to report this week.

EcoNews

Unemployment Claims

Missed by that much 99. Actual 631K Forcasted 630K Previous 643K

Lakers are fav by 5 1/2 and they're at home.

Cavs are fav by 9 and they're at home.

EcoNews

Stock Watchlist

GS - Was upgraded with all the other bank, it looks very good for us to hit the $145 target lvl for this stock. One note we have not seen this lvl since Sept 08.

MRVL - Earnings May 28 AMC. Look at an entry of $10.50 per shr or better.

TGT - Earnings are May 20 2009. Waiting for a pullback to the 20-day MA $40 per shr or better.

Today was a good day for the markets. Light volume is coming into play and we should be cautious in terms of the light volume, this is in front of the Memorial Day holiday. If we see any pullback they should be minor or intra-day ones (except Big Bad News). Light volume means that the markets tend to push rather than pull. This is only an observation of some prior market information.

Lowes and Home Depot helped the markets, also the Banks were upgrading each other before the secondary offers come up. Lowes earnings has given the Homebuilder and Home Improvement sector a boost . . .

Markets will be closed on Monday, May 25th 2009, followed by a shorten trading week.

Betting spreads is a moving target, tick is to find the best one. So check for your local odds makers to find the best ones. ATL to cover spread as home under dogs, to cavs. Dal to cover Den spreads at home underdogs, -1 should change as we get closer to game time and the weekend warriors looking to recover their Laker loss.

EcoNews

WatchList for 5-11-09

RRI - Reliant Energy Inc. 5.45
Options
09 Aug 4.00 (ULA HD-E) 1.25 09 Aug 4.00 (ULA TD-E) 0.85
09 Aug 5.00 (ULA HE-E) 1.05 09 Aug 5.00 (ULA TE-E) 1.45
09 Aug 6.00 (ULA HF-E) 0.55 09 Aug 6.00 (ULA TF-E) 2.50
09 Aug 7.00 (ULA HG-E) 0.15 09 Aug 7.00 (ULA TG-E) 2.66

PMI - PMI Group Inc. 1.86
Options

09 Sep 2.50 (PMI IZ-E) 0.40 09 Sep 2.50 (PMI UZ-E) 2.07
09 Dec 2.50 (PMI LZ-E) 0.35 09 Dec 2.50 (PMI XZ-E) 0.0

ALD - Allied Capital Corporation 3.45

Options
09 Aug 2.50 (ALD HZ-E) 1.65 09 Aug 2.50 (ALD TZ-E) 0.60

09 Aug 5.00 (ALD HA-E) 0.75 09 Aug 5.00 (ALD TA-E) 2.30

GS is in an uptrend and appears to be continuing to the next lvl of resistance of $145 per shr. As of late GS have been making the morning and into the close runs. Be carefully for into the morning session as they tend to be channel trades. April 14 was is a hugh volume for day for the stock.

Optionable Earnings Reporting This Week

4/30/2009 Entry Price 5/5/2009 Closing Price

CSCO 4:00PM ET 19.32 19.63 0.31
WMT 4:00PM ET 50.4 50.46 0.06
AMAT 4:00PM ET 12.21 12.39 0.18
HPQ 4:00PM ET 35.98 36.8 0.82
HD 4:00PM ET 26.32 26.19 -0.13
CHK 4:02PM ET 19.71 20.4 0.69
AES 4:00PM ET 7.07 8.22 1.15
BRCD 4:00PM ET 5.78 5.88 0.1
CVX 4:01PM ET 66.1 65.75 -0.35
M 4:01PM ET 13.68 14.6 0.92
CVS 4:04PM ET 31.78 31.8 0.02
LOW 4:00PM ET 21.5 21.02 -0.48
DYN 4:02PM ET 1.78 1.89 0.11
DTV 4:00PM ET 24.73 23.6 -1.13
EP 4:01PM ET 6.9 7.69 0.79
SYMC 4:00PM ET 17.25 17.64 0.39

Sorry table is not working right. Colums are Ticker, Market Time, Entry Price, Sell on Close Price, Difference in Price.

It would probably look better when the maket is all green on the day, lol.

This is a Sell to Close snapshot of the post from the other day. Therefore, we are starting to focus on narrowing this list down to the best of the best time frame 1-5 day period. DTV was a waste of time and energy . . . News, News . . .

Pretty Tame Market Day

The US economy should begin recovering late this year??
())Bernanke>> yes, but the number of unemployed people is likely to continue growing into next year and will remain a drag on consumer and business confidence,stated in his speech on the hill. Markets did not move much after the speech was done, traded in a channel thur the close ... We believe that the market are look head of the "Stress Test" results. Also, in his speech the Chairman stated that he did not tell Bofa CEO Mr. Lewis for omit the "Stress Test" results from . . . CEO without teeth. . . The number is up to 10 from 6 banks maybe required to get additional capital to stay alflot in this ecomony environment.

Double Click to Enlarge this photo shot of EcoNews. Remember the bank stress test numbers have been moved from Monday to Thursday morning. It appears the markets should be netural until report and then we have options expiration in Fri. Sell in May and Go Away,come back and play another day?