% | $
Quotes you view appear here for quick access.

SPDR Dow Jones Industrial Average ETF Message Board

  • zencowboe zencowboe Jan 13, 2009 2:00 PM Flag

    Dow just cracked 8400...

    ...and it hit 8391 as low so far. It's approaching my entry point, but man it feels bad going long with anything in this market right now.

    But...I have to trust the chart and the plan.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hi, rencowboe:

      would you mind sharing what stocks you are playing too? i just bought boa at 12 yesterday, look what happen today? do not know what can be hold long at these day. thanks for sharing

      • 2 Replies to Adreamhome
      • What's BOA? Do you mean BAC?
        I'm avoiding all financials right now. They just seem to have no bottom and I got burned few times.

        Other than the DIA, here is what I am looking at, if you have suggestions please let me know:

        AAPL - seems to be oversold and $85 is first support. So my entry is between $85.50, and my stop loss is $83.90. If doesn't find support near $85, this could fall to high $70s, at which point I'll entry again with $1 stop loss.

        CSIQ - I've bought (@5) and sold this (@6) couple of times. I'm waiting on entry at $5 and stop loss would be at $4.

        USO - I'm waiting for $28 entry with a $1 stop loss.
        Oil is oversold and I think we should see a little bit of bounce once Obama's stimulus plan starts to hit the news wire.

        YRCW - I'm waiting for $3.30 entry with stop loss at $3.

        PALM - I think it's overbought. I'm looking for a right timing to short this.

        BZH - Bit risky here, but $1.25 entry with $1.00 exit is what I'm planning.

      • i am short the feb 14 puts on BAC - at $2 ... ouch , i am pretty sure this will come back before next expiration. i would like to buy more but dont have the cash

183.10+1.10(+0.60%)Sep 28 8:00 PMEDT