reply to post by GreenBicMan
Quite a few...
I've been a Mac-girl for years and have always "believed" in the company and what they sell so over time,I've put money in that
Let's just say I'm very pleased with my sale.
Single? Well....sort of most of the time on alternate Thursdays in the middle of the night always on Sunday.
You're very sweet but alas,probably much too young,LOL!
Notice I am NOT saying "inexperienced?"
The Dow Jones and the NDX gained a meager 8 points for the week. The
Thirty year interest rates TYX are sneaking up while the Volatility
index VIX has been hovering around 30. The market is settling in at
Sector Action for the week was plus 30 with 26 Sectors up and 8 down.
Our Market Barometer topped out on May 5th at very overbought levels. So
far the Bulls have been able to hang around neutral territory. A shift
in this indicator or market breadth will signal which side of neutral we
Rydex Alerts- Holding Bearish Russell.
Short term Trading indicator- A bit oversold.
Market Breadth - Now has a ‘double top’ but has not turned down.
INTERMEDIATE TERM TRENDS- Stuck. Tradewinds/momentum have rolled over.
INTERMEDIATE OSCILLATOR - Overbought Sell May 5th.
The day after Memorial Day usually marks the beginning of the ‘summer
rally’. This year there is still a week to ‘sell in May and stay away’.
Economic numbers continue to worsen -- there is a reason economics is
known as the ‘dismal science’. Recent market action resembles the random
walk of a drunken sailor.
Gold XAU- Number one in overall rank which is usually not good for the
overall market. We took nice profits in Kinross KGC and Goldcorp GG
recently. Gold stocks have been tradeable not investable over the last
Disk Drive DDX- Moved up in price and rank taking the lead in
Pharmaceutical DRG- This defensive sector has managed to attract some
value and yield investors looking for a bit of stability.
Ultra ETF’s- Bearish Financial SKF and Russell TWM are still the trading
vehicles of choice short and long.
Technology TXX - Google GOOG above or below $400 is the bellwether.
Housing HGX and Banking BKX- Banks BKX joined Housing in the lower
ranks. Amongst other items this means the banks and home builders are
not buying their own stocks at these levels (and may have sold them on
LOVE the "drunken sailor" analogy..,
[edit on 26-5-2009 by irishchic]