Tuesday, May 19, 2009

Market Outlook

Market looks like it could have some steam but things can change any minute. HD had some good numbers but they said there is still some problems with consumer spending. I will listen to the conference call and see what's up. As I am typing I see that oil just hit $60 a barallel. DXO is a good play on crude but accumulate on dips.

As for my buys, I will stay patient and look at some of the names below. I am in no rush to buy but will post when I do. My watchlist has about 50 names on it, so I am more concerned with the tape because weak tape (lingo for market) can hurt technical plays.

Good luck and I will be back later.

Note: KLIC and BUCY are also on my list.

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