Small Caps And Nasdaq Lead For The Third Day In A Row; Why Are People Still Trying To Call A Top?
May 23, 2007 | Leave a Comment
Today was a good day, overall, for stocks, as the Nasdaq and SP 600 led the DJIA and NYSE. The SP 600 finished higher by .7%, the SP 400 was higher by .2%, and the Nasdaq was up .4%. This was clearly better than the SP 500 and DJIA which finished down .1%. Leading stocks did not lead this time but for the third session in a row they did outperform the DJIA and SP 500. The IBD 100 closed flat.
The big deal of the day came via the private equity group led by Kirk Kerkorian Tracinda Corp. They want to partially takeover some of MGM’s assets. This helped lift the mood of investors as the LBO game continues with a new deal everyday. This is a good time to be a bull. Read more
No New Swing Shorts For Wednesday
May 22, 2007 | Leave a Comment
No new swing shorts for Wednesday as the market is in one spectacular, yet exhausting, uptrend.
If this was a bear market, FDX and CSE would make good shorts. Read more
One New CANSLIM Swing Long, Three New speculative CANSLIM Swing Longs, Two New Speculative Long, And Two Stocks I Am Adding To My Existing Position
May 22, 2007 | Leave a Comment
ANALYSIS UPDATED BY 6AM EST, LIKE ALWAYS
new CANSLIM swing longs: ANST
Nasdaq And Leading Stocks Take The Baton From The DJIA And The NYSE
May 22, 2007 | Leave a Comment
I went into pretty detailed analysis on my longs tonight and I had a long workout and surf session. So I am too tired to write commentary on this market.
No New Swing Shorts For Tuesday
May 22, 2007 | Leave a Comment
The market is still in a very strong uptrend and now breadth seems to be catching back up so shorting is still the losing game here.
If this was a bear market, NVS would make a great short. Read more
One New CANSLIM Swing Long, Four New speculative CANSLIM Swing Longs, One New Speculative Long, And Three Stocks I Am Adding To My Existing Position
May 22, 2007 | Leave a Comment
new CANSLIM swing longs: CYNO
M&A Deals Keep The Market Moving As The NYSE and DJIA Hit All-Time Highs On Heavier Volume
May 20, 2007 | Leave a Comment
It was another M&A filled rally on wall street as the news of mergers and buyouts keep on coming. The SP 600, Nassy, and the NYSE all gained .8%, the SP 500 was up .7%, and the DJIA rallied .6% hitting an all-time high with the NYSE. All indexes closed near their HOD. The best gain came from the IBD 100. The IBD 100 gained 1.2% today, well outpacing the broad market. It is always bullish when leading stocks lead.
No New Swing Shorts For Monday
May 19, 2007 | Leave a Comment
The market is still moving higher and there are still a lot more stocks moving higher than stocks moving lower. Though negative divergences are showing up in breadth and new highs, until the market rolls over, it is nothing to act on. Price determines everything and prices are moving higher.
If this was a bear market, FTBK would make a good short. Read more
One New Speculative CANSLIM Swing Long, Three New Speculative Swing Longs, And Two Stocks I Am Adding To My Existing Positions
May 19, 2007 | Leave a Comment
new speculative CANSLIM swing longs: OMNI
Nothing Changed The Current Outlook I Have On The Market, After Today’s Trading
May 18, 2007 | Leave a Comment
Despite the small losses today, the biggest negative I see is that breadth was weak all day and closed near 3-to-2 negative on the NYSE and 8-to-5 negative on the Nasdaq. This continues the recent theme of weakness with the internals despite gains in the indexes.
- No New Long Positions For Thursday’s Stock Market Session
- Two New Short Positions For Thursday’s Stock Market Session
- No New Long Positions For Wednesday’s Stock Market Session
- No New Short Positions For Wednesday’s Stock Market Session
- No New Short Positions For Tuesday’s Stock Market Session
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