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Wednesday, May 27, 2009

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.