Low volume
While the selling was widespread yesterday the volume was much lower. The 65 days ratio continues to be in negative territory. Volatility still remains high. If volatility decreases and we get in to slow bearish phase, it will be time to look at some longs which have not been dented by the selling so far.
I have been looking at stocks which have demonstrated superior relative strength during the sell off and there are many candidates which are just clinging to the top of their range. They also have excellent earnings and sales growth and they are just waiting for the volatility to decrease.
I have been looking at stocks which have demonstrated superior relative strength during the sell off and there are many candidates which are just clinging to the top of their range. They also have excellent earnings and sales growth and they are just waiting for the volatility to decrease.
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10 comments:
You may want to look at POT. Terrific fundamentals and has held up very well. If you do look at it, please let me know your thoughts on this one as a possible buy if the time is right (whenever that time comes...).
thanks,
Mike
Pradeep,
Happy Independence Day to you.
Jai Hind
Adam
hey, yeah, almost forgot August 15th
Lets hope we will be better off as a nation in the next 60 years
Vande Mataram
Vishal
All Indian fellows,
Vande Mataram
As Pradeep noted in his post that crime is also going high with sensex, we will need strong leadership in coming decades for continuous growth of nation.
pradeep,
how would you describe earnings season, excluding all the credit and liquidity negativity, etc.
any commentary from zachs?
thanks!
by the way, is everyone in india still talking about that bollywood actor and terrorism? were muslim or hindu nationalist terrorists involved?
all the best...
pradeep,
how would you describe earnings season, excluding all the credit and liquidity negativity, etc.
any commentary from zachs?
thanks!
by the way, is everyone in india still talking about that bollywood actor and terrorism? were muslim or hindu nationalist terrorists involved?
all the best...
Yes, I agree Pradeep. It seems likely that yesterday was a downward momentum trough at least in the very near term. We are likely to see more range bound trade in the short-term.
Long SPY calls this afternoon.
High volatility had some great Iron Condor for quick money and 40% risk.
Play by market.
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