S&P 500 - bluedog - SocialPicks

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S&P 500
Apr 07, 2008 06:30 PM UTC

bluedog

Return	Risk
-6.76%	MID

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
AA	n/a
FTO	n/a
SPX		04/07/08	+0.18%	04/22/08

Via Bluedog:

Still heading North. It feels like we're consolidating here, perhaps for the next move up. RSI is strong. I'd like to see a nice white candle to 1400 to confirm the move and pass our last two peaks. Until then, I'm staying long with about 30% in cash. Who knows, we could get another reversal. I have a limit order to sell Frontier Oil (FTO) at $28.50 (the first buy in) and got within .07c of it today. It has since retreated as crude has made yet another record. If the Fed raises rates again I predict we'll see crude at $120. Alcoa (AA) is expected to report fourth-quarter earnings of 55 cents a share after hours today.

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