Market does not go up in a straight line. So I am expecting a sideways move or a pullback . It might be a pullback of long duration. However I am finding lot of good trades which I can hold for long period. Till now my approach was to look for low risk few days kind of trade. But now I am finding the kind of stocks which move for weeks or months.
There is a considerable amount of skepticism by bears about this rally. Many are saying this will end in a flash. Well we will see how it ends. Let the bears put their money where their mouth is, I will play it from long side till I find compelling evidence that it is not working. Everyone has a different view on the market based on their pet theories and experience. All I see is that high volume breakouts like these do not happen just few days before a market is about to break down. As they say in Hindi- pata nahi yeh bear log kis chakki ka ata khate hain.
As always these are not buy recommendations. Do not trade based on what I say. Some of these stocks have already made their move. Not every one of them is going to make multi week move but if you use some EPS/ sales/ momentum filter, you should find some interesting candidates. Many of them will have some sort of correction/bull flag/ pullback to offer a low risk entry point.
AB,Alliance Bernstein Holding LP
BLK,Blackrock Incorporated
BSC,Bear Stearns Companies
DECK,Deckers Outdoor Corp
EAT,Brinker International
FD,Federated Department Stores
FISV,Fiserv Inc
FMX,Fomento Economico Mex
GOL,Gollinhas Aereas Inteligentes
GOOG,Google
GROW,U.S. Global Invest Inc A
HOS,Hornbeck Offshore Services Inc
JWN,Nordstrom Inc
LAZ,Lazard Ltd
LEH,Lehman Brothers Holdings Inc
LM,Legg Mason Inc
LNN,Lindsay Manufacturing Co
OMC,Omnicom Group Inc
PLMD,Polymedica Corp
TAM,TAM S.A. ADR
USG,Usg Corp
USNA,Usana Health Science Inc
WFR,Memc Electronic Material
There are also some shorts appearing on my screen. But not chasing them at this stage. There are enough opportunities on long side till this rally plays itself out.
Note: Will someone who understand the Hindi phrase translate it for our non Hindi speaking audience. Put it in comments.
No comments:
Post a Comment