Morning Ike...
what a market....incredible power out there...lots of money, lots of very happy people...and it's begining to trickle down to the poor...
makes us all feel better, that there is some participation in this wonderful on going bull market...for people less fortunate than us..
i looked at the OEX-SPX-DJIA...my thinking is any pullback will be very very mild...OEX to 705-or so...SPX to 1370, maybe 1360...DJIA to 11,000-10,900...and then we rock higher toward 12,000++++
earnings will drive this market now, as they should..outside influences are basically behind us..
I've said all along that $20.00 Oil is ok...we can live with that number...in fact, just think of the entire industry world wide that $20 Oil protects... these companies can prosper with that number, and it helps those countries less fortunate too...
we have this open window thru late AUG till the next FOMC...the eco numbers next week could cause a reaction for a few days..but it won't matter much..we are going higher...
i am fully invested and then some<ggg>....i'm letting all my positions run, as long as they can...even the bonds are acting better...all in all Ike a very supportive stock/bond/commodity market to help this next move up...
Here are my stock picks that have upside potential...SFE-CMGI-WITC-TQNT-AMTD-NITE-ELNK-ERTS...i own these stocks...
FOR BREAKOUTS??? DCLK-above 105---EGRP--over 44, RNWK over 94 or right now...GNET over 99/100...DRIV over 35 1/2....NITE over 65....
just to name a few....
Good luck to all who live & lurk here...
my regards...OJ |
