Louetta's Lore

[Runner]

Dave, I’ll have to disagree with you on this one. Sure everyday stocks move up. I think it is prudent to have the wind at your back. S&P500 has had a heck of a time with 1280. This area is what I’m personally keying on IMO. Follow through has been lack or substandard to say the least. But hey nothing wrong with trying to get the cards stacked in your favor. What sectors have expressed any real bullish action outside of commodity related stocks? I think a bull market is going to need leadership other then commodity stocks, don’t you? I’ll get more excited about longs when 1280 is breached with conviction and sticks. But hey some people are very good with bottom picking and they profit very well. I just don’t see much to get excited about in this market…. Many thought today was a break out day the truth is many stocks got stung today. I’m not predicting what will happen but today we saw an increased level of volatility in the market out of a narrow range of volatility. Often this masks the real move and we shall see.

[Louetta]

Dave, I’ll have to disagree with you on this one. Sure everyday stocks move up. I think it is prudent to have the wind at your back. S&P500 has had a heck of a time with 1280. This area is what I’m personally keying on IMO. Follow through has been lack or substandard to say the least. But hey nothing wrong with trying to get the cards stacked in your favor. What sectors have expressed any real bullish action outside of commodity related stocks? I think a bull market is going to need leadership other then commodity stocks, don’t you? I’ll get more excited about longs when 1280 is breached with conviction and sticks. But hey some people are very good with bottom picking and they profit very well. I just don’t see much to get excited about in this market…. Many thought today was a break out day the truth is many stocks got stung today. I’m not predicting what will happen but today we saw an increased level of volatility in the market out of a narrow range of volatility. Often this masks the real move and we shall see.

Well spoken!

[IIC]

Are you trading individual stocks or broad market indexes? If the former, when "they'll" be back is irrelevant - trade the stock, not the market. It's highly relevant, however, if you're trading the broad market.

On short term trades you are right...And I'd also like to add that group movement is important short term (long term too)...Please do not pay attention to IBD's group ratings for short term trades...except for their daily rating...although that needs some work on their weighting too...I prefer unweighted myself....On their group ratings they go back 6 mos I believe...If you are a day or swing trader...Do you care about 6 month ratings???...I certainly don't...that's why I had to go to the expense of getting a programmer to set up shorter term group movement...Doug(IIC)

[IIC]

Dave, I’ll have to disagree with you on this one. Sure everyday stocks move up. I think it is prudent to have the wind at your back. S&P500 has had a heck of a time with 1280. This area is what I’m personally keying on IMO. Follow through has been lack or substandard to say the least. But hey nothing wrong with trying to get the cards stacked in your favor. What sectors have expressed any real bullish action outside of commodity related stocks? I think a bull market is going to need leadership other then commodity stocks, don’t you? I’ll get more excited about longs when 1280 is breached with conviction and sticks. But hey some people are very good with bottom picking and they profit very well. I just don’t see much to get excited about in this market…. Many thought today was a break out day the truth is many stocks got stung today. I’m not predicting what will happen but today we saw an increased level of volatility in the market out of a narrow range of volatility. Often this masks the real move and we shall see.

Runner...Overall the market is not ready for a decent up move...but there is nothing wrong with Cherry Picking...No matter what the market is doing...Something's ALWAYS going up...Remember BLACK MONDAY back in October 1987?...Three stocks made New Highs that day...Of course, I didn't own any of them...Doug(IIC)

[DSteckler]

What sectors have expressed any real bullish action outside of commodity related stocks?

Runner, know what the key is to making money? Follow the market, rather than following your opinion of the market.

The Energy Index (which is commodity related) is up almost 12% in the last two months. The Utilities Index is up 7.6% in same time frame. The Consumer Staples Index is up 7.6% in the last two months.

Is that bullish enough for you?

[Runner]

Runner, know what the key is to making money? Follow the market, rather than following your opinion of the market.

The Energy Index (which is commodity related) is up almost 12% in the last two months. The Utilities Index is up 7.6% in same time frame. The Consumer Staples Index is up 7.6% in the last two months.

Is that bullish enough for you?

Not for me...

[DSteckler]

Not for me...

LOL! 7.6% over two months annualizes out to 45.6%. I guess everything you buy ends up a hundy <g>.

How about this one - apartment REITs have averaged a 26.9% total return YTD (through July 31).

[Runner]

LOL! 7.6% over two months annualizes out to 45.6%. I guess everything you buy ends up a hundy <g>.

How about this one - apartment REITs have averaged a 26.9% total return YTD (through July 31).

Whatever Dave...

[Louetta]

Runner, know what the key is to making money? Follow the market, rather than following your opinion of the market.

The Energy Index (which is commodity related) is up almost 12% in the last two months. The Utilities Index is up 7.6% in same time frame. The Consumer Staples Index is up 7.6% in the last two months.

Is that bullish enough for you?

Lets pick Utilities. Where is it going now? Or better yet what sectors will be up 7.6% in another two months (or down 7.6% would do equally as well). Knowing THAT is the key to making money.

[DSteckler]

Lets pick Utilities. Where is it going now? Or better yet what sectors will be up 7.6% in another two months (or down 7.6% would do equally as well). Knowing THAT is the key to making money.

Money is no longer flowing into Utilities. To answer your second question, ya gotta be a paying customer....<VBG>

[DSteckler]

Top 10 outsized YTD returns for Runner

Steel - Producers Index: 44.9%
Steel - Specialty Index: 38.7%
Food - Dairy Index: 34.4%
O&G - International Speciality Index: 32.5%
Beverages - NonAlcoholic Index: 32.4%
Mining - Gold/Silver/Gems Index: 31.0%
O&G - U.S. Integrated Index: 29.1%
Food - Flour/Grain/Sugar Index: 28.4%
Health - Wholesale Drug Index: 27.8%
O&G - Canadian Integrated Index: 24.3%

[Louetta]

Money is no longer flowing into Utilities. To answer your second question, ya gotta be a paying customer....<VBG>

Right. Unless something significant happens during the day (and no, I can't define significant) I'm going to buy CTCM and IAAC at the close today (Thursday). Might sell them on the open Friday but if there's any strength at all in the market as a whole I'll hold them til the open Monday. We'll see how I do.

[mrmarket]

I should also mention that with the addition of Louetta, our hot babe population at mrmarketishuge.com has increased by one.

[peanuts]

I should also mention that with the addition of Louetta, our hot babe population at mrmarketishuge.com has increased by one.

She seems to have scared away The Stockgirl...

Louetta is a welcomed addition to the portfolio of members

[IIC]

Right. Unless something significant happens during the day (and no, I can't define significant) I'm going to buy CTCM and IAAC at the close today (Thursday). Might sell them on the open Friday but if there's any strength at all in the market as a whole I'll hold them til the open Monday. We'll see how I do.

Be careful with CTCM...recently the co. announced that growth may not be sustained as they were unable to re-sign the Born Pretty series which was its most successful program...Doug(IIC)