Monday, January 30, 2006

Stocks Continue To Advance Despite The Bears Wishes

Due to technical issues at my end there will be no commentary for Monday's market. I could not post to blogspot.com last night, after finishing my commentary.

Nothing really changed, after yesterdays trading, as the market bides time before today's FOMC meeting. The action will start after the FOMC meeting has ended, like always.

Until that meeting happens, it is status-quo the past three to four days. Markets continue to move up and leading stocks continue to outperform the rest of the market.

Hopefully, something exciting happens to write home about, today.

New Swing Longs: LEND ORCT BRNC SNG DSTI

New Swing Shorts: NONE

Longs Outperforming Market: CRED-41% CKCM ERS-121% ENER-25% DXPE GMXR-235% TOMO FNX NNDS RES-177% MNG-102% TMI GES-72% KNXA BBD-142% AAPL-62% TRAD-73% SWN DMC PNRG NTG-25% SCHK MCF NEM LIFC ALY-65% CBG-72% MFLX-170% COGO DSGX-33% ASF-150% CIB-42% LCAV STMP BNT-72% WIRE-73% SAY IDSY LDSH-43% BOOM-427% GRS-64% CRDN-65% DB ARS-30% CLZR TESOF MSCC-66% THOR-86% VLG XRTX ROK VTS GOL-63% NWRE-81% ASTE-26% LCC-41% AU-34% SPWR-43% VIMC AATI FWLT-65% MMK DRH CUP WBMD RUTH TGC-46% SNTO-30% TGE ESLR-114% TXCO-29% GIGM-78% STXN NDAQ-339% CDE MRB-85% RITA DEZ-114% OMNI OZN RTK-89% CPST DESC RBAK-142% AUY-78% SVR-71% TGB RDCM-33% NAK-39% GBN-30% HGRD SMDI-39% TFSM NOVL-31% NTO-33% SNPS IINT NXG-58% CLG-57% BEAS ANX-46% STD SILC-46% LTRX APLX EVST

Shorts Outperforming Market: NONE

Stocks On Radar Screen: RMX NGS SIMO HOKU PEIX AOB HEC MT CECE

3 comments:

Anonymous said...

Josh...

Can you call this a distribution day? RUY was up .31% while naz was flat and Dow/S&P were down...

My thinking is that RUY reflects strength while the dow/s&p are not capturing where the strength is...

Anonymous said...

hey josh what type of education do you have?

and would you be interested in having your own forum ?

Joshua "MauiTrader" Hayes said...

IBD is calling Tuesday a distribution day. I however can not call it one due to the tail pattern on the daily chart and only a .4% decline on SP 500. But the morning is going to be rough so might as well call it one now.

I also agree with you on the RUY (Russell 2k). The strength is in the metals and small/mid caps.
.......................................

Vince, I am a HS graduate from St. Louis, MO.

I would love to have my own forum. That way I would not clutter up the boards with individual stocks.