Well folks,
This market really has me stumped. Not sure whether to go long, short, or stay out altogether. Some of our old uptrend-friendlies (BGEN, AMGN e.g.) did well today. But so did the thrashed airlines and consumerables. Retail sector is weak, but you'd hardly know it today. CPQ is up on good earnings, and AAPL is down on excellent earnings. MTC, one of our great friends, was trashed and thrashed, and still couldn't bounce today. MER is up on a down day, and down on an up day. And DELL just doesn't know where to go...
In short, my pool of big caps is looking more and more like a sea full of sharks. So let me make a plea to those of you with screening capacity. Post here, with links, you two or three favorite Befriend the Trend picks for our analysis. Long or short does not matter. Keep the price above $10.
Remember: look for strong trending stocks that have paused temporarily in that trend, with confirmation of sell/buy from Stochastics.
Thanks in advance, TC. |
