RawGreed Market Recap and Direction

Posted on October 13, 2005 , filed under Stocks | Print This Post

The market was mostly mixed. Let’s see if we can end the week up as I had predicted in my earlier 5 day forecast.

Today:

DJ Indu 10,216.59 -0.32
Nasdaq Comp 2,047.22 9.75
S&P 500 1,176.84 -0.84

Today:

Tomorrow’s forecast:

5 day forecast - What I’m watching out for:

I believe additional positive earning reports will temporarily lower speculation. Prices seem relatively low for technology stocks. I especially like a few opportunities in semiconductors. SWKS, mentioned in an earlier posting, has hit my price target of $5-$5.50. I am considering purchasing the stock. CAL traded as low as $10.61 today. My target buy price of $10 remains the same. Next week I believe stability will continue to go down, oil and gold will rise.

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