While the bears and perma bears continue to fret about the economy, housing, retail sales and so on, keep your eyes glued on the earnings picture. As of now, there are no major changes in earning trends and projected trends. All macro analysis which ignores earnings is just for birds.
As anticipated the strength continues. After watching the market for so long, most of the time one can figure out how the day is likely to end in the morning itself. But the strength is deceptive and one needs to be aware of the risk of breakout failure here.Many times market breakout and then sucks in buyers and then heads down. Prudent risk management and flexibility is the key. If this rally has more legs, even better opportunities will present themselves soon.
So here are select few long ideas worth considering today.
AHO,Ahold N.V.
ALXA,Alexza Pharmaceuticals Inc
AMD,Advanced Micro Devices
BCO,Brink's Co
CDNS,Cadence Design Systems
CIEN,Ciena Corporation
CRL,Charles River Labs Intl
DAKT,Daktronics Inc
DECT,Dectron Internationale
DWSN,Dawson Geophysical Co
GUID,Guidance Software Inc
IMM,Immtech Pharmaceuticals Inc
IYW,iShares Dow Jones US Technology Sector Index Fund ETF
LEE,Lee Enterprises Inc
LINE,Linn Energy LLC
OXY,Occidental Petro Cp
PLCM,Polycom Inc
PVH,Phillips-Van Heusen Corp
RBAK,Redback Networks Inc
RES,RPC Inc
RVBD,Riverbed Technologies Inc
STEC,Simple Technology Inc
STP,Suntech Power Holdings Co Ltd
WOR,Worthington Industries
WY,Weyerhaeuser Co
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