Posted by 31 January 2005

Short Term Downtrend is Broken

The market was able to hang on to the gains from the gap up opening this morning and even closed above the open. The Nasdaq closed clearly above its January downtrend line while the S&P 500 is just a hair over its downtrend line. I’m not seeing much that sways me into either the bull [...]

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Posted by 31 January 2005

Watchlist for January 31, 2005

The choppiness continued on Friday as the indices fell below Thursday’s lows and stayed there all day until a last minute surge of buying pushed them back into the recent range. Right now, in the pre-market, the QQQQ has gapped up and is hovering right around the highs of the last few days. Briefing.com says [...]

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Posted by 29 January 2005

How to Know When to Fold ‘em

IBD has been running a series of articles about when to sell stocks. For those that have read “How to Make Money in Stocks” this is nothing new but the articles may be a good refresher course: Selling Short Can Work – With The Right Rules, Stocks – essentially an ad for “How to Make [...]

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Posted by 28 January 2005

Watchlist for January 28, 2005

We had another choppy day yesterday which, once again, left me unimpressed with this bounce attempt. The indices look like good shorts to me under yesterday’s lows. Currently holding:

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Posted by 27 January 2005

Chart Request: Panera Bread (PNRA)

Panera is a popular stock right now as it powers to new all-time highs. MaoXian chose PNRA for his chart of the day today. Garry sent me an email asking if I thought PNRA’s run was over or if now is a good time to get in. You all know I’m going to give a [...]

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