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5 Minute Investor
  with Bo Yoder
 
May 12, 2008
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The SP-500 rolled over just short of its 200sma, and closed out the week at moving average support. The support I saw intraday was less then exciting, and I suspect that we may be in for a deeper correction before the bulls come out to play once again. I have been taking profits and will lighten my bullish load to free up capital for the next buying opportunity.

 
STOCKS TO WATCH:
 
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    The SPY is testing 20ema support on its daily chart.

 
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    The DIA has broken down through the support offered by its daily 20ema.

 
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    EMC is basing near highs on its daily chart.

 
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    EK has been printing extreme volume on its daily chart.

 
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    JNPR has pulled back to test moving average support on its daily chart.

 
About Bo
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Bo Yoder is a professional trader, author, and consultant to the financial industry on matters of trading and risk management. Yoder is a frequent contributor to domestic as well as international trading publications, and can be seen writing for RealMoney.com, Technical Analysis of Stocks and Commodities, Trader's, and Active Trader Magazine. Yoder is a featured speaker at seminars and  industry expos, and continues to work with individuals and market professionals on risk management and trader development.  His latest book, Mastering Futures Trading was published by McGraw-Hill in 2004.

Bo can be reached at bo@boyoder.com

DISCLAIMER:
All material herein was prepared by the author based upon information from sources believed to be reliable. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the securities. The author is not a licensed broker, broker dealer, market maker, investment banker,investment advisor, analyst or underwriter. Please consult a broker or financial planner before purchasing or selling any securities discussed. The author has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials presented. The author may buy, sell or have a position in the securities discussed and may profit in the event the shares of the companies discussed rise or fall in value.

 
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All original materials: © 2008 Brooke Publishers, Inc. and Associated Authors
Comments: trader@hardrightedge.com