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Friday, July 23, 2010

Dojis

Market has been vacillating in tight ranges for the last 2 days after the recent run up. Dow & SPX are showing doji type pattern albeit not an exact one. I expect market to go down towards the end of august back below 10K

Monday, July 19, 2010

Weekly Trending Stocks : July 18th



lcrx, vrx, ohi, str,tibx, ffiv, oge, alk, svr, aap, dltr, bj, ugi, tin, ppdi, acv, rovi, psys, mend, lny, cvgw, ebs, hcsg,cbst,ee,skt, omcl, isys,knx, vicr, hgr, wrld,swsi, crr, saft,hsni, dtsi, hmsy, vtiv, svnt, vivo, slxp, sxi, pfwd

FinViz Charts:




Sunday, July 11, 2010

Weekly Trending Stocks : July 11th

caty,stld,ncr, wr, fico, ua,idxx, nflx,ffiv,aa,acat,dd,mrk, apsg,klic, eres, scsc,mwiv, mend, neog, hmn,forr,vicr,unfi,gymb,pfwd


FinViz Charts:
http://tinyurl.com/249lly8

Price Targets

Analysts regularly post price targets on every security. What I have observed is that once price  target is hit the stock tends to tank. Some times it may start to show signs well before reaching the target. For e.g. every one in the world & even Mars had a target of 28 on csco for the this year and it breifly hit 27.74 & started the roll over. The point I wanted to make is that "you are always better off liquidating a little bit below the price target". Just observe the price action on MNTA last month. While my target was 15 during hit exact 15 and the tanked. Ofcourse this happened during the options expiration week, so pinning forces were definitely in play.
One thing I have noticed is, rollover in Cisco points to a the market top. If we consider the corollary is true then the recent turnaround in Cisco could point to market bottom. Rotation to tech is happening & tech will be hot for next couple of months.

Short Break

Last month I had family visiting for a few weeks. It was a wonderful time and they got a chance to see the little one. Its wonderful to watch kids grow specially the first couple of years. They are a huge bundle of joy in tiny packages. I believe i will be able to get back to regular updates to the bog.
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