TECHINAL OUTLOOK S AND P 500

20% invested in securities..80% cash @1.85% money market yield. Portfolio: up 63%

DJI down an est. 400 pts on worries of Italian debt crisis. This is a stock pickers market. We are recommending two stocks under $5 per share.

Market has a broken out to the upside. S and P held perfectly @ 2700 and 2720, which was old resistance, and has broken through Fibonacci

The S and P 500 index is made up of of the 500 most well capitalized stocks. It is a leading market indicator.