The markets continued their hot start to the new year. The markets were up across the board, with the IBD100 and DOW Transports up 1.1%, Nasdaq .9%, SP400 .7%, SP600 .6%, SP500 .4%, and the DOW .3%. Volume was lower today than yesterday but it was still well above average and higher than the volume seen during the December downtrend.
There were a ton of breakouts today and there are a lot of really good looking charts out there to help keep this momentum going. Once the bulls take control, it is hard to stop the momentum to the upside. That along with the constant calling for the markets to start rolling over by the bears has me confident that this could last a little longer than people think it is going to. The bulls are in complete control and the bears just look silly at this point. I really find it sad how someones political bent can cause them to be bearish when all evidence around them shows their position to be foolish and full of folly. Good luck trying to find the top perma-bears! You have failed the past two years. But maybe the third year is the charm.
Remember, folks, the bears will get it right one day. But think of how much money the bears missed out on, on the way to the top? I know lots of guys calling for a crash the past two years and they STILL are. These jerks forget that during that time there have been at least 50o stocks that have made 100% moves at some point during that time.
Bottom line: When the markets are going up that is bullish. DONT FIGHT THE TREND!! That is a losers game. How come the greatest stock traders of all-time all used the same method? Buying strength? Why? Because it works.
New Swing Longs: SF STX SMDI BGO SFE MDM
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-369% MFLX-146% CERS-123% RBAK-114% RES-109% EMKR-95% PETS-95% BBD-92% LCC-91% GGR-78% MNG-75% ELTK-73% THOR-73% SUPX-69% AUY-64% CBG-63% NWRE-63% OXPS-58% MSCC-56% MIDD-51% GES-51% GOL-49% GRS-49% LMIA-48% ONT-46% LDSH-42% BNT-42% ECLG-41% TSCM-38% LCRD-38% TRAD-36% SLW-36% NXG-35% AKAM-33% RADN-33% NVDA-31% ELN-30% NMR-29% FWLT-29% EAGL-28% KGC-28% DEZ-28% LOGI-26% ASVI TESOF FFIV DIET CTXS WOOF VTS IDSY JBL NNDS NEM STD VSEC PAY SWN KNXA SAY RVSN ATU CHE KEYS ENER AU TLEO VIMC ANX GIGM DEPO CNXT AVN ALKS ASEI DROOY STEL IIJI NTO IT NAK MU AIS EFII LFL TOMO THQI SPSX ATHR MRB HSP ING UBS OMCL EFJI TFSM ROK SKIL MEL PRKR APLX (I am long 141 stocks)
Shorts Outperforming Market: NONE (I am short 0 stocks)
4 comments:
Why is DROOY always down afterhours? It seems this stock can go far, but many people short it, which does not let it grow. Today it is down .05 afterhours, is there a reason for this or is it just shorts?
Who cares? Dont worry about that. You are overanalyzing DROOY. The stock isn't that good.
Market makers always trade around a stock. There is no rhyme or reason.
Dont waste your time on such trivial events. Focus on the BIG picture.
Good luck out there! :)
royal talked to u today and got on ur blog thanks for the advice i will try to follow some of ur leads i don appreciate all ur help in an enviroment that is not for the common person if u could leave me a couple that u r playing i would appreciate it my e mail is hddocx1@aol.com if u could help i appreciate
I list stocks everyday. I dont have time to email you personally. Just read the blog.
I wish you tons of success. Good luck.
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