Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, I've got multiple targets suggesting COMP 2175 and NDX 1630. The SPX also has targets at 1208 and 1226. The former is quite do-able. The latter would need lots of help. MSFT is looking very good here and might even move up to $28. Oracle is turning up, the SOX may hit 454, QCOM may hit 45.50
RUT is close to the 650 3-white soldier target and nearing another one at 657.

The thing is, until the SPX has a big day and at least hits 1208, I'm not ready to throw in the towel and call it a run.

I thought things might be getting toppy here as we neared these targets, but the MSFT wild card is hard to plug in.

We've got the INTC mid-quarter conference tomorrow after the close and jobs stuff on Friday.

Puts are also piling up at QQQ 39, making it likely any drop we get may be mitigated by that situation. I thought we'd drop to 1520 NDX from 1630, but I'm starting to get a bit edgy about that.

As for MSFT, if the dividend is paid on Dec. 2, my guess is most people won't have it show up in their accounts until Dec. 3 if it is paid electronically. The same should go for mutual funds and institutions.