Stocks finished higher, across the board, with volume rising or staying level on all the indexes. The SP600 was the bright spot making new all-time highs, moving up 1.4%. The Nasdaq and SP 500 finished higher .7% and .2% respectively.
There is nothing new to add today that was not here yesterday. Therefore, I refer back to my previous post for the current market situation.
Long Term Trend: Up
Intermediate Term Trend: Up
Sub-Intermediate Term Trend: Sideways: Sideways (SP 600: Up, DJ-30: Down)
Short-Term Trend: Down (SP 600: Up)
I believe it is obvious where the strength is by reading above and below.
New Swing Longs: LAB COGO RGEN BFT MSPD XRTX GLNG FC
New Swing Shorts: HW JNJ PVX
Longs Outperforming Market: CKCM ASTE CRDN-54% NGPS ERS-62% MCX-51% BBD-121% NTG LCC-51% ENER-38% KEYS DSGX-33% ARS MNST-25% GES-63% GOL-46% MNG-82% EMAG NWRE-71% STX-25% LCAV SF RATE-111% MSCC-65% JBL MFLX-143% ORA-52% IDSY WIRE-72% LIFC OXPS-63% ALY-60% BNT-53% ROK STMP AKAM-44% SAY THOR-81% FNX GMXR-207% ASVI CIB-28% RES-160% PRPX TRAD-67% BOOM-392% SCHK TMI STJ RNOW-25% NVDA-47% RUSHA PETS-126% RAIL-38% ACR-83% LDSH-38% VLG IHS-26% CBG-69% GRS-44% CLZR MORN WBMD UDRL FWLT-54% IKAN RADS CPST DMX LCRD-48% NTO SKIL JDSU-27% SBAC DXPE KLIC LRCX-30% TXCO KEX CNXT-48% TFSM-30% SMDI NAK-26% MEL ABAX BWNG-35% DVA ATHR-26% ZEUS-38% ASGN-76% NOVL CERS-206% CORS GBN-27% ECLP ESLR-101% NXG-52% STD ARXX PKE CMPX TWTC-57% EVST MDM
Shorts Outperforming Market: RESP
Stocks On Radar Screen: SURG ASPV CE MXC CNTF AKS X GVA MT MII ILC
5 comments:
Hi Josh:
The haphazard way you list "Longs Outperforming the Market" is hard on the eyes. HA
Can't you list them either alphabetically or by % gain? Or, is their a particular reason you list them the way you do?
"A Friend" of your Blog
I apologize. I just dont have time. If this was a paid site, it would be very orderly. But I am too busy to take the time to do that.
I think the returns are so good it shouldnt matter. Especially, when it is free.
If you need to find a stock, use the search tool.
I list them in the order I see them on my scan as I write them in my diary.
Hey Josh, just wondering what you thought about HDB. Thanks.
Would you be interested to be highlighted to thousands and your daily blog be sent out to hundreds of traders everyday on investorsparadise.com.
We will try get you more of an audience if you are interested.
If you interested please post a message on our forums and we can set something up.
I think HDB is a great stock for a long term position with a multi year time frame. HDB has the earnings and sales to go with being in one of the more economic friendly countries.
The current swing long take on HDB is not the best, however. HDB is choppy and likes to violate the 50dma a lot. So my current take is not good. But if you have a long term view, this stock should do wonderful.
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Thank you, Vince.
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