It is usually unwise to make predictions because most of the time, they are wrong. We're still 47% long, and we lost another 1/2% today. One of the traders remarked that if the trend keeps up, i'll be broke in 189 trading days.
Historically, the last eight times the QQQQ have dropped eight consecutive days, it has been up on the 9th day by an average of .7%. So if the historical trend is accurate, the Nasdaq Composite should close around 2457 on Wed.
CEG is possibly a utility I missed probably because Cramer likes it for his Action Alerts portfolio.
BPT is not a play until Feb, because its rising because of its pending dividend date (ex-dividend around 1/14). Normally, you purchase it around the 27th of Feb, May, Aug, and Nov because that is usually near the bottom of each quarterly drop due to the big dividend. They pay the dividend about a week after the ex-dividend date
PZE was rising because back on 12/21, rumors were floating that it will be bought out by an Argentine rival.
Here are some guessing closes for tomorrow since I have nothing good to say:
Dow 12677 +88
Nasdaq 2457 +17
S&P 500 1399 +9
Midcap 400 799 +3
Russell 2000 709 +4
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