To: MIKFREE who wrote (13997 ) 2/19/1999 10:54:00 AM From: Gregg Sterner Read Replies (2) | Respond to of 90042
This just in on my way out..... _________________________________________________________________ TODAY'S MARKET ANALYSIS & COMMENTARIES Check your portfolio: investorlinks.com _________________________________________________________________ ** Dow and NASDAQ might rebound - Trading-Ideas.com investorlinks.com After several days of profit taking, Dow and NASDAQ might rebound from a technically oversold level. Also, a series of economic reports increased optimism that corporate profits would remain strong. From Trading-Ideas.com. ** Expect Rally Back To Prior Support Levels - Wall Street Detective investorlinks.com The next move is a test of resistance above current levels at the 20 day moving average. A key level here is the NASDAQ 2400 level. Technology stocks licked their wounds and the NYSE Advance Decline line improved slightly, but remains in a well established down trend. But, some encouraging signs are beginning to appear. From The Wall Street Detective ** Technical Trading: "Are we done, yet?" investorlinks.com I was expecting a continued slide today, but the Open clearly proved that the market was going to bounce off long term support of 9200 and rally. And, it stopped at another key point - 9300, almost exactly. So, I hate to say this, but tomorrow I'm expecting more of the same. . . From Ed Downs at OmniTrader. ** Today's Bull Market Report investorlinks.com CMGI, formerly CMG Information Services, will build and launch an Internet broadcast firm with the former president of NBC Television Network, looking to bring Broadcast.com its first serious competition. ** Friday's Daytrader Worksheet investorlinks.com The action over the last several days has helped the S&P 500 Cash Index to build support at the lower levels. Already the index has built over head resistance. With strong support and strong resistance the implication is that the break out or break down will take the market far. From Downing & Associates Technical Analysis. ** Mark Leibovit Daily Quick Analysis investorlinks.com Surprisingly, the indexes did not followthrough to the downside yesterday despite uniformly negative volume patterns the day prior. Could we have seen a selling climax or are we simply getting a respite from the selling? ** The Dallas Blue Chip Industry Index Summary investorlinks.com Texas Utilities continued its rally (NYSE:TXU) adding 0.81 points to 44. This is the third day in a row the stock has rallied behind a strong utility sector. The stock had been in a trading range between 40 and 46 for several months. It is exhibiting strong insider buying. From The Wall Street Detective ** See-saw action. . . Gene Inger Daily Analysis investorlinks.com For our part, none of this is particularly surprising, since even last weekend's Inger Letter clearly allowed for alternating rallies and declines, with meaningful negative action likely awaiting market action getting through the Expiration. _________________________________________________________________ TODAY'S STOCK PICKS AND PANS Check your portfolio: investorlinks.com _________________________________________________________________ ** Friday's Charts of Interest investorlinks.com Dell Computer (NASDAQ: DELL) sold off almost 20% over the past week or so on concern of slower sales growth. Stock pulled back to its 50-day moving average from which Dell might try to rally to relieve its oversold level. Dell could move up to $90 near-term. From Trading-Ideas.com ** Today's Market Call - Centocor, Inc. (NASDAQ: CNTO) investorlinks.com When a stock trades in a tight trading range, there is a real battle between Buyers and Sellers. A breakout can be very dynamic when one side takes control of the stock. Over the past 2 weeks, Centocor, Inc. has been in a trading range between 38 and 40. The range is getting tighter and tighter and should resolve itself any day. From Professional Day Trader Mark Seleznov at TrendTrader.com ** CV Therapeutics (NASDAQ: CVTX): A Cheap Biotech with Hoards of Cash investorlinks.com Here's a stock that has the potential to double and yet has limited downside risk. Sounds good, right? Read on. New drugs to treat heart disease that are going through clinical trials may soon become a prescription for profits at CV Therapeutics. From Individual Investor Online. ** Master Graphics (NASDAQ: MAGR): Printing Press investorlinks.com General commercial printing is a $43 billion industry with roughly 25,000 players. About 5,000 of them have revenues between $2 million and $15 million. So, Master Graphics has aggressive plans to consolidate this fragmented industry. From Individual Investor Online. ** Today's Trading Ideas from The "GEARS" investorlinks.com Our current list of trading long ideas is up from 114 the previous day. New long ideas yesterday numbered 6 stocks. Open long positions that can be added to at the current price number 65 stocks. New long pick: Renal Care Group Inc (NASDAQ: RCGI) From Global Equity Analytics & Research Service, L.L.C. (GEARS) _________________________________________________________________ InvestorLinks Daily is edited by Frank Kollar, Managing Partner of InvestorLinks.com, LLC.