|
Short term technical. For curiosity, I checked Investors Business Daily for the Accumulation/Distribution rating on a few stocks. SFE is ranked B, Tellabs, ranked D, and though not directly relevant, Barrick Gold ABX, A. SFE and Tellabs were no surprise. ABXs A ranking is remarkable because gold hit another multi-year low just recently. The gold stocks are well off their lows, and consolidating a recent move up. OT. The Dow, Nasdaq 100, and S&P 500 are all giving stochastic sells as of Thu. and Fri. If they continue down, it will be interesting to see how it turns out with SFE in the short term, as throughout this run, starting before the bottoom, SFEs action has mirrored the market in general direction, but has been just a few days delayed. Its stochastic it still heading up close to overbought, but is not giving a sell like the big indexes. Will ICGE have another run in the few days after the quiet period ends, giving another boost to SFE, thus offering a better S/T selling opportunity? We'll see. If the big indexes can somehow shrug off this sell signal, and move up, the next sell signal would likely be very worthwhile [for shorting]. Kind of unnerving to play the latest ones, as it seems to obvious. Mike |
