Sunday, April 15, 2007

TSL Should Top Tomorrow

Considering the strength the market showed heading into the weekend, I expect the market to continue to rally early on tomorrow. I'm looking for a modest gain in the Nasdaq, but it should have some resistance around 2,500.00. TSL once again was the hot stock on Friday,
as it continued to surge higher. I think it will continue to rally but top out near $60.00 share in early trade. It has gone too far too fast, and needs to retrace a bit back to $55.50. I would only recommend a trade if this opens near $58, if you trade with a online brokerage you might be able to grap a 4% trade. Good luck and be careful as I think this will peak tomorrow and cool off a little.

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