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CRM (11:50AM) |
CRM reports Thursday after market. It has held above the support line and I am hopeful that it will continue moving toward the resistance line around 150. I will not be holding this through earnings and actually have half of my position for sale. It should trigger if the stock reaches 141ish.
I don't think we will see any meaningful upside for the SP-500 unless there is surprise good news from Europe. I am maintaining very high levels of cash.