Boom Boom Stocks 6/30/2011

Morning folks. Market lookinglike a slight gap up today.  Its been a great week this past week repairing much of the damage that june did to people’s portfolio’s.  But end of the quarter is here….we’ve moved above a key resistance level of s&p 1300.  Thats going to be one of the key levels of support I watch with the 50dma s&p 1316 as overhead resistance.  If we can pingpong back and forth between this level I think would be pretty healthy for the market as it would give the market a breather and an opportunity  to get going again next week.  At this point any pullback or consolidation around s&p 1300 woudl offer a low risk situation to enter some swingtrades with that level as guide to change directions if need be.

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