5/21/2007

Market Monitor

  • It is Dow and large cap show. But after a long time small caps were up on Friday. Let us see if this rotation in to small cap continues.
  • Large cap technology has been a laggard so is large cap biotechs.
  • Monday will be tricky with option expiration behind. The Friday strength might not last.
  • 176 breakout day was good but not good enough. So the congestion continues.
  • Individual stocks are making big moves as the 50% plus in month number keeps increasing.
  • McClellan Summation Index is indicating trouble for rally currently.


2 comments:

Susan said...

pradeep, oxps is on your market monitor. Its a news play, not a earning play. what's your strategy on news play?

Pradeep Bonde said...

The list is stocks of interest, I research them and look at buy opportunities during day or end of day.