Monday, February 25, 2008

Day Summary

A nice feel good day today in markets. Fridays reversal continued to upside today. After a long time we have got a followthru day. Everything was green on my screen today, I think we will go higher from here atleast till next resistance on S&P between 1395 and 1410. There is 20-30 points upside in S&P before next resistance is seen.
I didnt put a weekly trade this week because nothing caught my eyes, though in hindsight few of them did quiet nicely today ILMN, XLE, BCO, DE. I will try to get an entry in them tomorrow also I will try to buy some SPY tomorrow. It has some upside potential now.

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