Tuesday, May 15, 2012

Tuesday Afternoon

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.