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Thanks all, but I have to give IIC some accolades with the PTC pick, if he didn't like diversification so much I would have had my behind kicked.
I am not really fond of the bigger volume down day 2 days ago, but a little profit taking isn't bad. Plus they will have to buy it back when it goes back over 10 again next week.
If it ain't broke, don't fix it. I'll stick with it for next week.
One you may want to look at is TIE, sold off pretty hard, but held 50dma, just a lot of profit taking. I think it should bounce back a bit next week.
I am giving JVA another day to get back over the 9dma, but if you notice, the up days volume is crap, so I may just dump and go.
Overall the week was pretty crappy for me, got killed Thur when the dow was up nicely. go figure.
Oh well, another week next week, long VPHM, have not sold any yet. So I am happy
One thing I noticed this week was that the indices were up for the week but alot of individual stocks down...kinda wierd
I noticed that too .... Most of my screens are tracking micro, small and mid caps .... My large cap screens were as green as grass in May.
Seems to me that money is flowing out of smaller caps and into larger caps. Might warrant a strategy change for small cap investors .... OR .... Small cap investors could see some good bargains shortly, if that's indeed happening.
One thing I noticed this week was that the indices were up for the week but alot of individual stocks down...kinda wierd
That is not really true...the combined weekly A/D/U issues for the Naz, NYSE and AMEX was 4622/3219/249. The DJ Comp was 49/16/0.
But before I really started digging into it this morn...I had the same thought as you...I would attribute that to a rotation...stocks that I don't normally watch were up; e.g. Autos, Home Improvement, Industial Suppliers, Airlines while Healthcare, Medical Supplies and Oil stocks were generally down.
Another thing...Monday was the best A/D/U day on the Naz, NYSE and AMEX...so we tend to forget by Friday...at least I do...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
That is not really true...the combined weekly A/D/U issues for the Naz, NYSE and AMEX was 4622/3219/249. The DJ Comp was 49/16/0.
But before I really started digging into it this morn...I had the same thought as you...I would attribute that to a rotation...stocks that I don't normally watch were up; e.g. Autos, Home Improvement, Industial Suppliers, Airlines while Healthcare, Medical Supplies and Oil stocks were generally down.
Another thing...Monday was the best A/D/U day on the Naz, NYSE and AMEX...so we tend to forget by Friday...at least I do...Doug(IIC)
Thanks... I think the largecaps were advancing more this week than the small caps.
Thanks... I think the largecaps were advancing more this week than the small caps.
Yes...LyeHopper mentioned that...and he is right...Is it a blip??? I don't know. BTW...I see IBD will be coming up w/ some type of Large Cap List next week...Geez!!! Isn't that "Anti-Canslim"...LOL
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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