Wednesday, August 01, 2007


Markets across the globe have pulled back substantially though the US markets are holding up relatively well at the open. The S&P 200 day moving average is at 1449 and that appears to be a level the bulls will desperately try to hold. A failure to hold could see a sharp move down.

The best thing to do in a bearish tape is look for names with strength and try to add into them. GRMN CMG WFMI FFIV SBUX MCD GOOG are some of the strong names today.

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