Monday, November 3, 2008

Indecisive Nov Opening




The market with lighter volume with slight change today as it is still wondering the trend and waiting for the election result tomorrow.
The three major indies are all struggling around EMA20 as Dow Jones above it and Nasdaq and S&P500 slightly below it.

The First Solar (FSLR) seems to have gained a solid ground today as the lowest point today was near EMA20 and up $18. It maybe something to do with the election since people think Obama would favor the clean (alternative) energy.
I also set a buy on ABT but the price is not hit what I set and the chart does not look attractive to me after market closed either, though, it is still remain on my radar screen.

Seagate (STX) will replace Monster Worldwide (MNST) to be listed on Nasdaq 100 on Nov 10; its chart looks like turning around from Friday's low.

Today's Trade:
Bought FSLR: $150.69
Bought IWM $54

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