Market Monitor | stockbee

5/17/2007

Market Monitor

  • The expected short squeeze arrived.
  • Looks like barring DJ all other index are forming a small range here and action will be choppy.
  • The volume and number of breakouts was low for the move to be meaningful. A 250 plus breakout would signal a week or two of strength.
  • The stocks down 25% or more in 65 days is climbing and at 371, indicating deterioration in strength.
  • The Dow Jones and large cap stocks continue to attract buyers.
  • The "Value Gang" is on buying spree, so obviously they feel the market is not overvalued, while the perma bears continue to insist that it is. Who is smarter?

2 comments:

rob said...

just found your site a few days ago...good stuff. i like the market monitor, but i have a suggestion - could you put the data into a graph to make it a little easier to see the trends? thanks for the work you do.

Pradeep Bonde said...

Thanks.
I am working on putting graph. It should be up and running in few days.