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* Today's Sector Analysis: "Financials  " Institutional Technical Viewpoint
Buy Alert!
S&P 500 SPDRs
(SPY):
$133.25 Stop. $130.25 P-Stop $150.00 P-Objective
Dow Jones Ind: 12,554.20 plus 93.24 points Jun 8, 2012 * Price Objective: 11,400 
Volume Two No. 2432
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POWER SHARES QQQ TRUST
(QQQ-Nasdaq):
Technical Viewpoint: From a low
of $60.76 on May 29, 2012 prices
rallied, reaching a
high of $63.15
on May 29, 2012. A
decline saw prices pull back, reaching a
low of
$60.04 on Jun 4, 2012.
Another rally saw prices penetrate
resistance, closing 6/8/12
at $62.87. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 8, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $61.96. Resistance: Is at $63.18.
Point & Figure: Reversed to the upside on Jun 7, 2012. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! Power Shares QQQ Trust
(QQQ-Nasdaq) @ $62.96 Stop: Use a protective stop of $60.96.
Power Shares QQQ Trust is currently trading @ $62.87 plus $0.96 on Jun 8, 2012. Price Objective:
$75.00. Risk/Reward: $2.00 VS. $12.04. Today's Risk Reward Ratio: 6:1
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Click here to view full size chart
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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