Currently holding: Long – None Short – None Here’s the list for Friday:
Posted by 30 January 2004
Watchlist for January 30, 2004
Posted by 30 January 2004
Hammers Everywhere
Yesterday’s drop and snap-back rally created hammers all over the place. I have a long list (too long) of buy candidates based on that fact. Like yesterday, I’ll be surprised if many of them actually trigger because the GDP report seems to have sucked the early morning enthusiasm out of the bulls. As always, we’ll [...]
Posted by 29 January 2004
Watchlist for January 29, 2004
Posted by 29 January 2004
Smack Down
We’ve now had two distribution days in a row in the market. Yesterday’s post-Fed selling really did damage to a lot of intermediate-term uptrends. The NASDAQ looks real precarious here. I don’t see much support on the daily chart until we hit the 2,000 area, which is the December highs. Its 50-day moving average also [...]
Posted by 27 January 2004