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Watchlist for May 14, 2008
Posted on May 14, 2008
The bulls liked this morning s CPI report and are pushing the futures higher. So it looks like the Nasdaq will gap over the little double-top it formed last week at 2500 and make a move for its 200-day moving average. The S&P will open beneath last week s high near 1422 and will need to clear that resistance before tackling its 200 DMA.On Today s Calendar:10:30 Crude InventoriesMore Calendars: U.S. Earnings Conf. Calls Surprises IPO EconomicPotential swing trades:See one of the recent Chart Reading posts for some potential swing candidates. Also be sure to check my...
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