Focus list and market update for Thursday May 31st
posted by daytraderockstar
May 30, 2012 11:53 pm
As I write this the S&P futures are chopping between 1306 and 1309 basically flat on the session, Europe opens at 3am est and that's we will probably get our first clue to market direction tomorrow. News out of Europe continues to be the catalyst, and I would expect all eyes shift to the jobs report on Friday. Daily charts are still holding onto there short relief rally attempt, But we could see a break down one last time before a move back up. I cover a nice selection of stocks both short set ups and long. Will be adding $LULU to the short list soon and $AMAT could be setting up for a move back up. Those of 2 of the 12 outlined for tomorrow. Members can view video under the view more link.
Radar has to call for Caution as no real signal is given and the near term news factors keep the market on edge. For shot on a market call here..Fridays numbers if bad will give the market the expected drop, but very short lived and a reversal will ensue. As for tomorrow watch the news and trade light.
You can view the video here http://youtu.be/qen81bTDMM8