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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Aug.15
2:17 PM ET
Friday, 15 Aug 2008
Chartology: Tatro’s Analysis

Technical analyst Quint Tatro is watching the S&P 500 and the Dow very closely and he says you need to be very concerned with a few numbers.

In the S&P [.SPX  Loading...      ()   ] he’s watching 1292, which he calls a battleground area. On Friday the index traded above this important technical level which could signal a new trend. Tatro recommends long Ultra S&P500 Proshares .[SSO  Loading...      ()   ] with a stop around 1265.

And in the Dow [.DJIA  Loading...      ()   ] he’s watching 11,700 on the same sort of premise. If the Dow breaks out above this level he suggests long Ultra Dow30 ProShares [DDM  Loading...      ()   ] because the move may signal that the Dow is breaking out of its current channel.

For more of this analysis and to see Tatro’s charts please watch the video.

















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Trader disclosure: On Aug 15, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Quint Tatro Is The Principal Of Tatro Capital: Tatro Owns (C), (GS), (JPM): Tatro Capital Owns (EEV), (INTC), (QQQQ), (SMN), (SPY), (SSO), (UYG): Najarian Owns (HD): Najarian Owns (AAPL) And Is Short (AAPL) Calls; Najarian Owns (CSCO) Calls; Najarian Owns (HCBK) Puts; Najarian Owns (TSO) and Is Short (TSO) Calls: Seymour Owns (AAPL), (EEM), (MER), (TSO) : Seygem Asset Management Owns (EEV): Terranova Owns (YHOO), (AAPL), (RIMM), (INTC), (GS), (GOOG), (CME), (IYT),(BNI), (SU), (SA), (VLO), (KOL), (POT), (X), (FCX), (NOV), (EOG), (XLF): Terranova Is Short Crude Oil Time Spread (Short Dec. 2008, Long Dec. 2012): Terranova Owns Dec. 2012 Crude Oil

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.: Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV)

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO
Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
 

© 2009 CNBC.com

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