The Wrap 11/8/11

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S&P cash
S&P cash

More very light volume today, but the bulls managed an impressive day. The S&P managed a close over the 200 day moving average, but it was unimpressive and the volume was lethargic. This doesn’t mean we cant ramp soon on better volume.

Here are a few names to watch from the long side. They aren’t on my list yet, but bear watching.

Watch that 177 level
Watch that 177 level

 

Watch 6.35 with volume
Watch 6.35 with volume

 

Looks higher, earnings next week
Looks higher, earnings next week

By the way, if you are a newer subscriber, or a salty veteran subscriber that just needs a refresher, here are  my Rules of Trading at the top of my blog. It’s just how I roll.

Have a great night.

 

 

 

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