Tuesday, January 30, 2007

this is still a confirmed rally

Looks like volume in AOB might be drying up.
HRT has had a couple of downdays, but looks like it has found support at 28.50 or so. I wonder if Jeff sold his yet?
NYX is still holding on.

Interesting stocks:
  • CVLT new IPO with good fundamentals and looks to be under accum.
  • JLL new high on big vol off 2wk base. Not the prettiest chart, but good fundamentals.
  • DLLR double bottom to set new high on big volume.
  • CNH slightly above buypoint for 6mo C&H on the weekly chart.
  • HMIN is still doing its thing.
  • MAN strong bounce off the 50dma.
  • POT broke out of a 2month channel to a new high on strong volume. Group 4 and strong fundies.
  • SYK is here again with another big vol day to a new high.
  • KNOT hammer on big volume. Not a great chart, but it made a new high.
I spent today in jury duty (but did not make it onto a jury). I used the opportunity to reread How to Make Money in Stocks. I tried to pay extra attention to the market tops and sell rules because I've been noticing so much bearishness. The book made me feel better. There's no point in trying to second-guess the market. As the Big Picture said, there aren't a lot of top stocks breaking down. The breakouts that I see are all in the top groups. My stocks are still performing well.

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