Powerful close today...
on this down day showing what this market is made of. Expiry week, so a day like today is given. Bull market, so a close like today is expected (almost a given in such a market). IBM good AH.
Some plays and other setups today:
ULTI - high short ratio is going to help fuel this higher
CMG - picked up some as it touched the 50 to replace what was sold off
REDF - picked up some for a trade, may hold it awhile depending on buyout rumors
ALY nice pull back, second chance to get in so got in
and others like these.
Liked that Cramer finally touched on SPR yesterday, and SI today.
Tomorrow afternoon is going to set tone for market going into next week. GOOG, SPWR, SNDK, and other NAS names reporting. I know what I'm expecting. Still not expecting much from BRCM, but, that should turn around by the end of this year - 2008-9 should be their turn again. INTC is just being held to the strike - nice report.
GL.
