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posted by beanie11111 | 10:35 AM
5 Comments:
I suggest you own some today. All indications are we should rally on Monday, barring some type of natural or political catastrophy.
AKAM is now trading at $47.25
beanie,
even thought OIH was moving up.VLO wasnt going up> what do you think VLO is heading next week? also, take a look at NYX that i mentioned yesterday. would like your thoughts on that.
and for some reason, AAPL has been just trading sideways for last 2 days.any thoughts?
anonymous,
NYX was sweet today. It took out the 63 (200dayMA) on strong volume and also closed nicely. Of course it's going higher now.
The oils are trying to find a bottom. I believe VLO is bottoming. I just think it will go higher next week. Too oversold too much too fast.
AAPL is just trying to set up for the next run. It went up 6 points in the last 2 weeks, which is a decent amount for a large stock like AAPL. It will take out 75, sooner or later. If market goes negative next week or two, it may correct to 70 area (with some support at 73), which should set up a rally to finally break 75. After all, AAPL is will be one of the few tech stocks to lead the new tech bull , wheneve that is. The other tech leader will be AKAM, of course.
AAPL is one stock i would feel confident on buying any dips. Likewise, i feel AKAM is a buy on any dips. Note that AKAM has run up 7 points within a week and should start consolidating once it touchs 50.
VLO: If you own the stock and you're sweatin right now, i suggest you set a stop loss slightly below 50. Buy back once it breaks above 50 again.
Jim Cramer is slammin the commodities day in and day out, so it can possibly overcorrect. Do what i suggest above and you should be ok. I wouldn't want you to ride it down to 40 (i find it unlikely) and then you get out because you couldn't take the pain.
I personally would like oils to keep on going lower so that consumers feel more confident, and we could end up with a Fall tech rally as a result. I think this is what Cramer is thinking as well and today he called tech rally into year end. I think he is a bit too soon on his rally call. I certainly hope i'm wrong because i own mostly tech stocks.
3 Techs i like:
AAPL
AKAM
GOOG
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