5/13/2010 Stocks On My Watch List
A few stocks I own and a few I’m watching. The market is nervous so I’ll play accordingly.
Kunal Desai
Summer Love
Every young man or even old man should use the summer for it does best to the human spirit. Love! In th midwest people are quite ornery for a majority of the year due to the Detroit Lions, 20% unemployment, 1 foot snow falls in the middle of the night. But come …
5/12/gameplan
We are in no man’s land. The market touched up against the 50dma yesterday. It will attemp it today. Bottoms are a process it could take 3 or 4 touches before we get a break. Im noticing on the charts im looking in individual stocks that 99% of them are making lower …
5/10/2010 watchlist
Short watchlist as we dont need to be overtrading: If mkt runs down..keep an eye on some of the metals like gold/silver etc exk a bit tricky but its held its 50dma on multiple touches serving as support. a position can be taken on breakout or as close to 50dma as possible.. …
5/11/2010 gameplan
Yesterday we got a classic squeeze on the EU news. The action was inconclusive as we gapped and then ran right into resistance. Through my experience after such a nasty drop where the structure of the market has changed a break back over and through resistance doesnt happen on first try. Bottoms …
Monday Meltup
My plan is to chillax, sit on the stocks i bought last week, and observe. There is no edge in the market and managing risk is not easy with the threat of huge, nonsensical, illogical, the chart means nothing moves. The best plan is to let the dust settle and try to …