The market continues to trade in range. The month end will push the indexes up. Real market direction will manifest itself post 1st week of September.
All market direction predictions have a very short trading life span, that is the reason for two contrary market direction call yesterday. In morning I came in with a down move prediction and reversed it in afternoon. The Index trading model works on very short time frames, hence its only for very nimble traders. Indexes work like pendulum on short time frames. If you can work out the two extremes of the move it is easy to anticipate moves.
Long Watchlist
These are the stocks I am watching for possible entries or already own.
ARD,Arena Resources Inc
BDY,Bradley Pharmaceuticals
BEBE,Bebe Stores Inc
BTJ,Bolt Technology Corp
CPY,Cpi Corp
CRM,Salesforce.com Inc
CWTR,Coldwater Creek Inc
ELN,Elan Corp Plc
GRB,Gerber Scientific Inc
IAAC,Internat Asset Holdg Cp
IHR,Interstate Hotels & Resorts
INPH,Interphase Corp
MWRK,Mothers Work Inc
NVEC,Nve Corp
PCLN,Priceline.com Inc
RIMM,Research In Motion Ltd
STEC,Simple Technology Inc
TAR,Telefonica De Argentina
TLCV,Tlc Vision Corp
TZOO,Travelzoo Inc
VOLC,Volcano Corp
Short Watchlist
Stocks I am short or watching for possible short entries.
NVT,Navteq Corp
TXU,TXU Corp
CTSH,Cognizant Tech Sol Cp A
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