Monday, September 26, 2005

Short-Term Trend Up But Weakness Still Lingers

The major stock market indexes finished higher across the board--None of them over 1%. The leader in the group was the SP600. The volume came in lower across the board, indicating this short-term uptrend is possibly just an oversold relief rally. The sub-inter trend is down and came on higher volume than this little bounce. So dont get to confident that this could produce anything spectacular.

Oil and Metal sectors are the bright spot during the past month. And, with the media having to focus on the new "fear"--now that Rita has past--inflation is probably going to be the new lead story. What to do? Well if you want to take advantage of the upcoming inflation, buy some good stocks in those sectors breaking out of fresh bases or bouncing off a key moving average. As long as you dont average down, you will be fine. Or if you want to just complain how much prices are rising and how expensive gas is, you are more than welcome. I will just have to profit, without you, so I can afford the gas and continue to live comfortably.

Stay positive and remember you can either complain about inflation or take action and profit from it. That is what successful people do. And I know anybody reading this has to be a little successful or aspires to be.


New Swing Longs: CRDN CKH ACPW TFSM AAI OPTN ICGE AWA GCOM MGN

Longs Outperforming Market: OMNI ENY NTES TFR MNG KNOT VIVO FSTC NSR BLDR RCCC MNTA ZIGO UQM ASGN BNN ECTX

New Swing Shorts: NAT

Shorts Outperforming Market: CYPB RCNI PGL

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