Portfolio up 3.01%, Nasdaq up 3.39%, Dow up 1.72%, S&P500 up 1.79%, Gilder up 4.1%, Meisler up 3.9%.
NYSE Volume: 953...Adv: 1929...Dec: 1014
Nasdaq Volume: 1.36...Adv: 2515...Dec: 1489
Still light Nasdaq volume. Upside allegedly due to slower retail sales which mean the ecomonomy today was slowing down. Just one piece of the puzzle.
Down to 22 stocks now.
Only four reds today, MTSN, ASYT, IWT.to and NTAP - all less than 1% too.
LSI was up 10.17% for the only double digit gain.
NVTSY became NVS on the NYSE and closed even on 1.15M shares traded.
EPG up 1.57% - new52wkHI.
Crude up over $29 a barrel. I paid $1.74/gal at the North Aurora Mobil for gas. Ouch.
Checked insider selling for some laggard and found BRCD's CFO was dumping two 50K lots. The CFO is often the first to know of financial problems. Really is rare to see them sell on good companies.
Will pass on the tech leaders JDSU, GLW, CMGI, SDLI, PMCS, AMAT, BRCM, SUNW, QCOM. Each chart trend is bearish now. Even though they can snap back, I think the short term downside is 50% to and upside of maybe 40%. FFIV was the last of the falling knives with bad charts. EMLX and LU were the exceptions. Win ratio not as good as going with a bullish chart. Must be billions on the sides just waiting for the further tech downside. read some good analysis of the Nasdaq. One more spurt past 4000 soon and down to test further lows. Anything possible in this strange market. Can buy several more stocks but not much looking good. Have to DD Best Foods. Seeing positive news out of the corner of my eye.
Jack |
