Wednesday, October 28, 2009

Market Glance

Just a quick glance at a few indexes. Note~ small caps & commodities are breaking below their respective 50-ma's. As I noted last would pullback near term. Mostly on profit taking & tax reasons. I see some reallocation going on too...

Check out these charts... ~LINK~

Updates: Those looking to enter or add to Genco (GNK) hit my $19.50 level add some more to position, keep powder dry for after their earnings report tomorrow.

Transocean looks very attractive again in the low $80's. same for Research in Motion (RIMM) in low $60's. Still see AUY & SLW going slightly lower, get ready to buy back covered calls as they lose premium. more later...

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