Sunday, July 22, 2007

Monday

On my scan are EXT and IAG.

Ext is not a buy right now, but it has been trying to breakout for a while and it had a long white candle on Friday with some positive volume. Now the next couple of days will define how it manages the breakout, if at all.

IAG
this stock has really taken off and I am hoping it has done a good run based on the positive volume.


The US market had tough day on Friday with bears taking control and this is likely to reflect on the ASX on Monday. The S&P 500 dropped to 1,534.10, a drop of -18.98. Although it was mostly related to the Subprime mess, it still affected the overall market.


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