3.12.2008

PRE MARKETS


Morning readings- Dennis Gartman- congratulating Big Ben but still way short the markets and still looking at a big bear market. BESPOKE with their oversold market timing signals.


Gapping up- TMA TWTI DNDN QTWW JSO MBLX ING JCG UBS CS CAM BHP BCS CAT WWE AEO RTP STP STLD SOLF TTWO DB C SYMC SIAL CHK;


Gapping down- PGNX DIVX BLUD HUM CHPHD AMIE PSS AET UNH ICFI XOMA DPM KLAC MW AKRX GLBC CNDS WYNN NIHD AMGN CI TTES BLK ICE AAPL NYX;


Checking the charts- down trends look intact until /if 12,500 on the DJIA and 1,340/1,350 on the SPX. Also, note a positive divergence on the MACD Histogram as a higher low on the MACD and a lower closing price on the SPX- And even a buy signal on the Stochastic.


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