SubscribeOversold Charts - Lots of ‘em
October 12, 2008
I spent a good amount of time this weekend trolling for charts and other indications of anything that looks even remotely healthy to buy. We added a few positions to the TDI Managed Growth Strategy on the open Friday morning which worked out very well.
Now, if we have a follow through, there is some hope that we could see some retracement for a few sectors that were harpooned and left for dead.
The first set from StockCharts.com is the S&P Sectors. The second is a further drill down to industry groups.
Right now it is a toss up and we will be watching carefully for breakouts. Just some food for thought to get the strategy and trading juices flowing before the market opens… Any thoughts?
(Click to enlarge to get a better view)
2-month charts S&P Sectors
6-month charts - S&P Industry Groups
Sunday Fun: The Chart Voyeur
October 12, 2008
Here is a really great way to look into what others are thinking and learn in the process. If you go over the StockCharts, they have a service that allows you to watch what charts others are building with all of their indicators and analysis.
It even auto-refreshes ever 30 seconds or so. ( But, if you are impatient like me, just hit the reload button- F5 on Windows and CMD-R on Mac to refresh the page more frequently)
Click here is the link for all f you peeping-chartists: http://stockcharts.com/SharpCharts/voyeur.html
Strategy Lab: My Stock Picks in this Mess
October 7, 2008
In my 20-plus years of professionally investing money, I have never seen such a difficult market. Even 2000-2002 seemed to make more sense than this; there was a clear demarcation that saw a bubble quickly burst, rather than today when we have a slow bleed that eventually pops.
Though I have tried, recently it has been very difficult for me to find any investments I like either for a long or short entry. The markets are taking apart portfolios with a vengeance, and it is clear that a high level of cash with a strategy that is finely disciplined is the only way to survive.
I have carefully searched through the list of securities my team produces using a refined screen that has helped find a few winners even in this market environment. Yet, out of the 65 stocks that it flags as possibilities, only a few seem to have the fundamentals and the technical attributes that are appealing.
Stocks: Chattam (CHTT) Apple (AAPL) Thor Industries (THOR) Flir Systems (FLIR) Preferred ETF (PGF) and more….
Read my picks and the rest of the atricle HERE
The Week Ahead: One Stock that Looks Solid
October 4, 2008
From my weekly MSN Money TopStocks article:
Overshadowing the start to earnings season is the continuing slowdown of the world economy. No longer a question of semantics, we are in a general slowdown that has affected virtually every sector. Even with a massive pork-barrel, ear-mark infested $850 billion banking bailout package, job losses coupled with the higher cost of food and fuel has curtailed spending and is expected to continue for the foreseeable future.
Next week is the official open to “earnings season” as Alcoa is slated to report what could be a very weak number as we look at the latest from the materials sector.
Read the full article HERE as there are a few interesting trading ideas explored.
The Week Ahead: Throw Away the Rulebook
September 27, 2008
From my weekly MSN TopStocks Article:
Next week is going to be tricky as the winners and losers from whatever bailout plan is presented will become more apparent. Yes, there will be some kind of bailout, no matter how distasteful that may seem. Fortunately, there are only a few companies reporting, so any damage from earnings reports will be limited.
To help with deciphering the companies analyzed, we are adding a new component to this feature starting this week as we will include a Positive/Neutral/Negative rating along with the current StockScouter rank. Each week a review of the analysis will be presented as well. Read more
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