Constructive Action Out Of My Two Favorite Names

  • February 17, 2005
  • Tim Truebenbach

All of the major indexes came
under distribution as they closed lower on heavier volume than yesterday.

  

Unless we see further selling
in the days ahead, one day is not much of a cause for concern.  All of the
major indices still remain firmly above their recent lows.  The NASDAQ’s low
it would have to break to kill this rally attempt is 2,008.

Although there are not very
many leading stocks we have been talking about, we are seeing constructive
action out of my two favorite names: Apple (AAPL) and Google (GOOG).  Both
stocks managed their declines in today’s session.

We remain in a tricky market
that is making its way higher.  Treading individual stocks has been hazardous
to one’s portfolio in the last year and ETF’s may be something to consider to
smooth out returns and capture the upside.

Tim Truebenbach


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