Too Far Too Fast

We all know the drill, the market has soared the past week and needs to retest support areas. I expect the Nasdaq to test its 20 day moving average tomorrow back down at 2,500 or a lost of 25 points. It should hold as the market is definitely pushing higher since the Dow crossed 13,000 last week, and yes the Dow will most likely reach for support back at 13,000. I expect both indices to hold support. What stocks are hot? There really aren't any worth mentioning. Considering the market downturn, this is a good time to pick up some bargains. Such as SOLF when it touches around $14.00 and TSL when it touches around $50.00 at its 50 day support. I expect this to happen this week. If you feel you must, but I certainly don't recommend it, short TSL from $53 and cover at $50 for around a 5
% gain. Remember DNDN is looking pretty attractive as we enter into May, this will gain momentum over the next two weeks, have patience, be smart and buy now not later.