Monday, March 12, 2012

SPY, MSFT, BLK


Got stopped out on Blackrock over the week, pretty bummed as I still think it has room to run with my bullish bias on the S&P.
 Same for Microsoft.  Lesson learned too aggressive on the stops. I'm looking to reenter MSFT at a break of $32.  Looks like it is due for a breather, maybe even down to the $28 Jan breakout.
S&P broke resistance but still had a mediocre week. It is respecting the $135 support.  I'm still very much bullish. Weekly Chart

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