The Only Thing That Matters To Me…
The market is taking on a different tone here…unlike we have seen in many months. Many times, bears have been calling for a big correction only to see the market turn back up. I don’t know about the market. I do know individual names are turning upside down.
Pay Attention To These 2 Semis
It seems a lot of names were
hit hard on volume and are now starting to wedge up on
lighter volume. The only outcome of this pattern is lower
prices.
Remember The First Law Of This Business…
‘It’s not the news…it’s how the market reacts to
the news.’ My job is to interpret the reactions. On top of
SEMIS, HOMEBUILDERS and GOLD, you should for the most part be
avoiding CYC
These 3 Charts Look Terrific
Short-term, there are a few things you should know. First off, GOLD is still acting horribly and should be avoided.
As Long As I Keep Finding Charts Like These, All Is Well…
I try not to go further than
today…and many of these same people have been calling for a
top since 1500 on the Nasdaq. Don’t think it is just these
names. There are plenty of ot
Here’s Why I Like Oil
I believe the overdue pullback for
the Dow-type stocks could be here. I suspect the extended
CYCLICAL names that have led the Dow are in pullback mode.The
S&P will most likely foll
I See These Five Important Changes Beginning
On the positive side, nothing has changed. Seven to eight
stocks out of 10 remain in good technical shape.
‘The Top Stock Picks Of 2004’
In the next couple of weeks, you are going to be inundated with the…”Top Stock Picks Of 2004″…”the Big 10″…”The Top 20″..
Some Changes You Need To Know About
I have been telling you to overweight NYSE/DOW-type stocks while being careful about the TECHS/SEMIS.
This Sector Looks Good On A Pullback
All month, I have been telling you about the changes I have been seeing in the market. I have been telling you to be careful
Here’s What Monday’s Action Tells You
Monday’s action was an ugly
negative-reversal day. There is no way else to spin it. This
action tells you the market is tired at these levels and the
Nasdaq is in trouble.
Just A Couple Of Notes
Due to the major gap to the upside this morning, I am
holding back my Monday report until Tuesday…so just a
couple of notes. I am not buying into the opening gap. First
of