Again as predicted, we saw a nice rally at the close yesterday and all the stocks which I listed http://www.freefdawatchlist.com/2011/10/best-performing-stocks-at-52-week-low.html have jumped up by 10% and more some as much as 20% in last two. So where do we go from here ?
Now the focus is on tomorrow jobless claim and ECB rate cut which is expected to be at 0.5%
Things can only go good from here unless there is big drop in non farm payroll on Friday or jobless claim tick up more then 410K tomorrow. There can be still big disappointment and stock can fall badly if Greece default. As said its bear market at this time, any good news shorts will need to cover pushing all the stocks higher. All the stocks are heavily shorted, a series of good news can break all the key resistance level easily. The key resistance level upside on Dow jones industrail is 10917, 11010, 11251, 11348 and 11538. If it is able to break all this level, then i see stocks going higher and holding there till further news come.
On S&P500, the key resistance will be 1172, 1201 and 1220
AAPL stock will fall today, but its good buying opportunity under $350. RIMM, NOK will benefit with aapl falling.
Click here to check the current price. on google finance for pot, wynn, lvs, goog, mu, amd, bidu, sina, xom, cvx, mww, erx, mos
Click here to check the current price on google finance for cat, tif, de, ioc, dia, spy, nflx, aapl
1. POT: $41.26 My price target is $62.00 Today Close : 44.75 up almost 7%
2. WYNN: $ 110.64 My price target is $140.00 Today Close : 119.94 up almost 9%
3. LVS: $36.41 My price target is $45.00 Today Close : 40.08 up almost 10%
4. Goog: $495 My price target is $ 595 Today Close : 504.70 up almost 2%
5. MU: $ 4.33 My price target is $6.33 Today Close : 4.95 up almost 15%
6. AMD: $4.53 My price target is $6.20
7. Bidu: $104 My price target is $142
8. Sina: $67.90 My price target is $85
9. XOM: $71.90 My price target is $78
10. CVX: $ 89.88 My price target is $100
11. MWW: $6.59 My price target is $12
13. ERX: $28.10 My price target is $46
14. MOS: $ 47.13 My price target is $62.0
15. CAT: $70.99 My price target is $86
16. TIF: $ 58.79 My price target is $68
17. DE: $ 61.72 My price target is $70
18. IOC: $39.00 My price target is $62.
19. DIA: $106.39 My price target is $121
20: SPY: 109.09 My price target is $125
21. NFLX: $113.95 My price target is $ 140
22. Aapl: $374.00 My price target is $ 440
For bank stocks click here to check their current price for bac, wfc, jpm, gs, bcs, c, fas, xlf
Banks
21. BAC : $5.53 My price target is $9.80
22. WFC : $23.18 My price target is $32
23. JPM: 28.66 My price target is $38
24. GS: $89.98 My price target is $108
25. BCS: $9.30 My price target is $12.50
26. C: $23.02 My price target is $31
27. FAS: $9.13 My price target is $16
28. XLF: $11.28 My price target is $14
Now the focus is on tomorrow jobless claim and ECB rate cut which is expected to be at 0.5%
Things can only go good from here unless there is big drop in non farm payroll on Friday or jobless claim tick up more then 410K tomorrow. There can be still big disappointment and stock can fall badly if Greece default. As said its bear market at this time, any good news shorts will need to cover pushing all the stocks higher. All the stocks are heavily shorted, a series of good news can break all the key resistance level easily. The key resistance level upside on Dow jones industrail is 10917, 11010, 11251, 11348 and 11538. If it is able to break all this level, then i see stocks going higher and holding there till further news come.
On S&P500, the key resistance will be 1172, 1201 and 1220
AAPL stock will fall today, but its good buying opportunity under $350. RIMM, NOK will benefit with aapl falling.
Click here to check the current price. on google finance for pot, wynn, lvs, goog, mu, amd, bidu, sina, xom, cvx, mww, erx, mos
Click here to check the current price on google finance for cat, tif, de, ioc, dia, spy, nflx, aapl
1. POT: $41.26 My price target is $62.00 Today Close : 44.75 up almost 7%
2. WYNN: $ 110.64 My price target is $140.00 Today Close : 119.94 up almost 9%
3. LVS: $36.41 My price target is $45.00 Today Close : 40.08 up almost 10%
4. Goog: $495 My price target is $ 595 Today Close : 504.70 up almost 2%
5. MU: $ 4.33 My price target is $6.33 Today Close : 4.95 up almost 15%
6. AMD: $4.53 My price target is $6.20
7. Bidu: $104 My price target is $142
8. Sina: $67.90 My price target is $85
9. XOM: $71.90 My price target is $78
10. CVX: $ 89.88 My price target is $100
11. MWW: $6.59 My price target is $12
13. ERX: $28.10 My price target is $46
14. MOS: $ 47.13 My price target is $62.0
15. CAT: $70.99 My price target is $86
16. TIF: $ 58.79 My price target is $68
17. DE: $ 61.72 My price target is $70
18. IOC: $39.00 My price target is $62.
19. DIA: $106.39 My price target is $121
20: SPY: 109.09 My price target is $125
21. NFLX: $113.95 My price target is $ 140
22. Aapl: $374.00 My price target is $ 440
For bank stocks click here to check their current price for bac, wfc, jpm, gs, bcs, c, fas, xlf
Banks
21. BAC : $5.53 My price target is $9.80
22. WFC : $23.18 My price target is $32
23. JPM: 28.66 My price target is $38
24. GS: $89.98 My price target is $108
25. BCS: $9.30 My price target is $12.50
26. C: $23.02 My price target is $31
27. FAS: $9.13 My price target is $16
28. XLF: $11.28 My price target is $14
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