Wednesday, August 08, 2007

Pre Market Analysis

The Asian and European indices are both very solid here.US equities are expected to open higher especially due to Cisco strong earnings report and bullish future outlook. CSCO is one of those market moving stocks. Going long the ROM - bull tech ETF might be a good idead here in light of CSCOs outlook.

Keeping an eye on AIRN OMRI KNOT STKL ORA NOOF JUPM IDCC FLS among others.

Hansen Natural HANS, the maker of Monster Energy drink reported huge profit growth and the stock is soaring pre market.

The end of leverage buyouts ? I don't think so. Blackstone has raised over $21 billion for the worlds biggest buyout fund. Maybe its time to get long BX.

Precious metals continue to show strength this morning with Gold and Silver both up. The US Dollar continues to weaken.

Keeping a close eye on the Dow 50 day moving average at 13,561. Expect some resistance there.
Nasdaq 50 day is 2615 and the S&P 500 is at 1512 though another level of resistance lies at 1490.

No comments: