Thursday, December 13, 2007

S&P just under 200 day, few gainers in choppy session

Almost as if there was an invisible wall, the SPX closed 1.5 points below the 200-day moving average. Only five stocks on the watchlist finished green and showed buyers in the final five minutes of trading.

SII, FWLT, ARD, NOV, and AAPL.

Note BUCY would be part of this list, but I own 600 shares. The first two names are casy stocks. The next two belongs to a specific trader. As for AAPL, the one that got away.

We have a 26% cash position. ESRX and BUCY should have event triggers next week. We know that JOYG reports either Tue Dec 18 after the bell or before the bell Wed Dec 19, and BUCY tends to move with its industry counterpart.

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