Tuesday, November 8, 2011

NUAN and BIIB

Trading well here i still like them providing we trade modestly higher, I do expect these two to make new highs

1281

looking for 1281 area on the S&P soon. still looking for 1301 if we go higher mentioned last week

New again

just moved 8 points in the S&P on news out of Euro that Berl will resign- All news generated market here

Oil

WOW- between oil and the Euro the market is just in crazy mode. Technically aren't working as everything is reacting to the European concerns. Lots of funds are going under to my understanding with the ill faith of MF Global fallout. They are not reporting that they are changing margin requirement and so forth and that might be the reason Oil is heading higher, lots of strange dynamics going on here but I believe why it is not on the television is they dont want to scare the mom and pops out of an already fragile confidence towards the markets.