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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Paul Moerman who wrote (21964)	1/22/2000 8:49:00 PM
From: DanZ	Respond to of 53068

ZANY and market comments. Paul, I haven't seen a Zany Brainy store, but their name is certainly catchy enough to be successful lol. Chart-wise, it has support at about 7 1/2 and resistance at the 20 day moving average (middle daily bollinger band) at about 8 5/8. The money flow indicates that it has been under distribution since last October (like most retail stocks). Interest rates might have to start trending down before the retail stocks can sustain rallies. If you are comfortable with the fundamentals of ZANY and CLE, then I would hold them and possibly use a dollar cost averaging strategy if the market takes them lower. I don't think that interest rates will go up much more, so the bottom for retail stocks could be near. The Russell 2000 has outperformed the other major averages so far this year. In fact, it is up over 5% while the big caps in the DJIA are down 4%. Does anyone think that this is only temporary or are we finally going to see a broadening out in the market this year and out-performance of the undervalued small cap stocks? My guess is that the latter will continue and I would avoid buying most stocks in the DJIA. The SOX looks toppy as well, and I would avoid semiconductor stocks unless the SOX breaks resistance between 820 and 835. I'd buy the semiconductor stocks on a pullback, but definitely think that there is too much risk to buy them right now. Of course, the Z Portfolio is out-performing the market averages yet again. Congratulations to all for the excellent stock picks and trading. Index Wk. Close Wk. Chg. Wk. %Chg. YTD. Chg. YTD. %Chg. DJIA 11,251.71 -471.27 -4.02% -245.41 -2.13% NASDAQ 4,235.40 +171.09 +4.21% +166.09 +4.08% S&P 500 1,441.02 -22.83 -1.56% -28.23 -1.92% Russell 2000 527.28 +26.09 +5.21% +22.53 +4.46% Z Portfolio +12.55% YTD beta.siliconinvestor.com