SPDR S&P 500 (SPY): Ok for next week, I see oil and financia...

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Friday, 06/05/2009 4:35:36 PM

Friday, June 05, 2009 4:35:36 PM

Ok for next week, I see oil and financials turning back up and Nasdaq maintaining its bullish stand since the 3 horsemen are enjoying their stochastic pops and they have a way to go to reach their targets. AAPL-180, GOOG -480, RIMM -110. There were 8 mil buys at the close for the Dow and the last two times it happened it induced tremendous buy the following days. The only one correcting is Gold but I do not think this is going to last too long. It is looking more and more like 2003 over again. Volatility index is also retreating. Looking at the economic calendar next week it is light except Fed's Beige book for Tuesday. It could be a good week for the bulls.

Have a good weekend folks.

2bit

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