Market Monitor | stockbee

6/22/2007

Market Monitor

  • It is a bull market as long as it refuses to rollover.The major indices were able to regain part of the previous day’s losses. The money on sideline jumps in at any minor weakness.

  • The story continues to be that of pockets of momentum, while rest of market churns. The Son of Double Trouble keeps you on top of such pockets of momentum.

  • Keep a eye on the mega IPO's hitting the street. Such offerings are many times rushed through in later stage of market rally. From marketing point of view, it always makes sense to distribute such IPO's when demand is strong.

  • While the market has rebounded, it still is in late phase of a rally, so I am keeping one hand on exit door, while playing the momentum game. A 250 plus 4% plus day would change that, but currently there are no lack of opportunities

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