The Day After
A meaningless day for
anyone seeking clues as to near-term direction.
In
bull markets, the days between Christmas and New Years can sometimes be eventful
in terms of stocks completing bases and, therefore, shouldn’t be missed by the
intermediate trader.
In
the present situation, however, very few growth stocks are setting up.
In
the oils, however, a few stocks broke out Tuesday.
Patterson
Energy
(
PTEN |
Quote |
Chart |
News |
PowerRating) cleared a three-month base on good volume.
Other
oils, too small to mention in this space, also moved out of bases.
In
the meantime, here
is a list of my favorite market books, sorted in the approximate order of value:
“How
to Make Money in Stocks,†William J. O’Neil
“How
I Made $2,000,000 in the Stock Market,†Nicholas Darvas
“How
to Buy,†Justin Mamis (out of print)
“The
Nature of Risk,†Justin Mamis
“You
Can Still Make it in the Market,†Nicholas Darvas
“When
to Sell,†Justin Mamis (out of print)
“When
to Sell For The 90’s,†Justin Mamis
“Reminiscences
of a Stock Market Operator,†Edwin Lefevre
“How
to Trade in Stocks,†Jesse Livermore
“The
Battle for Investment Survival,†Gerald Loeb
“Market
Wizards,†Jack Schwager