Monday, July 7, 2008

Trades for Monday 7/7/08

Ok people - here's the thing - I havent had a pick since Monday since earnings season is slow. That coupled with last week's holiday, means VERY slow.

There has been excitement going on in the market. The Dow is inching closer to 10,000 (my prediction - but of course, Im no expert) and I do believe we are officially dealing with a bear anyone really shocked?

Anyway - Im backing off from the long strategy a bit though Im still going to post the longs that fit. That doesnt necessarily mean that Im trading it. So having said that, WWW fits the long bill today, HOWEVER, its competitor, NKE did ok with earnings, but had a not so ok outlook, which is why Im staying away.

Things look busier tomorrow.........

No comments: