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Ray Ray Ray...I posted this on Friday...Same company:
Overall, this was a pretty lousy week on the dt/st front...Lost over a buck a share on PTRY and PLXS...not huge $$$ though. Today I traded ZANE 6x
-.20
+.03
+.13
-.04
+.05
+.02
Lost a little overall on ZANE...I also traded ATVI for +.11 and LVLT +.03...Sold PRFT from Monday for +.20 today....My Pick of the Year... MPEL...I'm down over a buck...But MPEL is an accumulation type trade...Buy light and avg. up(maybe)...My #2 Pick of the Year...HMIN... is rippin'...But I don't have any.
Good News...I'm moderately heavy in ABAX up 21% today...Bad news...I bot it last May for 22.00.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Looks as if your top ribbon chart has converged. Might indicate a stalemate on the chessboard. I see you pic of the bear. I think I figured you’re not in the bull camp at this time.
Looks as if your top ribbon chart has converged. Might indicate a stalemate on the chessboard. I see you pic of the bear. I think I figured you’re not in the bull camp at this time.
Iffy on the SPX ribbon...However, the other indicators I show are all looking bearish.
The NDX looks worse...although(not shown)...The Naz Comp does not look nearly as bad.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Couldn't resist...went in QID again when it appeared the Q's had peaked...Was up almost a buck but I settled for .61.
Besides watching the charts I also watch what the most heavily weighted Naz 100 stocks are doing....Did you know that the top 10 carry about 52% of the weight of the Naz 100?
Here they are in descending order by weight:
MSFT CSCO GOOG INTC CMCSAORCL AMGN AAPL ERIC QCOM
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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