Stockhaven @ the bell 6/24/2011 | Stock Haven | Stock Chat Room | Penny Stocks | Options |Stock Haven | Stock Chat Room | Penny Stocks | Options |

Stockhaven Blog  

Stockhaven @ the bell 6/24/2011

News of new and perceived “better” Greek deal sent the equity markets bouncing from the cellar Thursday afternoon. Today it will be the U.S. economic data that will likely have to carry the momentum. Buoyed by a better than expected GDP number, as well as durable goods data, the markets seem poised to extend yesterdays 11th hour rally.

The very area of resistance to watch moving forward is this weeks high (around 1,297 for SPX). As for support, it is critical for SPX to establish a firm base here above 1,280. We’d like to point out something we noticed in the Russell 2000. Although the index pulled back earlier this week along with the overall markets, it refused to come with in real striking distance of its lows set last week. This is a stark contrast to the Dow and S&P, both of them came very close to flirting with their lows from last week. We’ve talked before how the Russell has been somewhat of a “leading” index for the last couple of years so this could be a bullish sign.

We’ll be actively trading BCLI today as we expect the stock to remain very liquid after yesterdays record volume day. KIWB is another stock to keep an eye on for a potential breakout. Other stocks we’ll be watching are SDTH, SOLR, AAPL, LULU, SINA, SNOFF, ZAGG, & MOBI.

SpeedTrader ReviewStock Chat RoomPenny Stocks

Did you know that you can watch Stockhaven trade live in real time?

Learn how to daytrade by watching someone else trade! Watchhimtrade.com is the only site that lets you look over the shoulder of a professional daytrader.

Watch this video now where he shows you how it’s possible to make 100% in just 5 minutes!

About stockhaven

StockHaven is your #1 Source for reliable and honest picks.
Educo Web Design

Sign up for the FREE SH Newsletter