Well folks just one trading day left in March and we are in April ringing in another earnings season. I am glad to say I have my sinuses under control and feel alot better so I am ready to go this week. Most traders should be back this week and I expect the volume to pick up drastically. Right now the market is trading very weak but without volume I cannot judge which way the momentum will go. Last weekend I thought the bulls would make a fight of it and push us much higher but all of the move came on Monday and the rest of the week was very lame.
With that said I am hoping volume comes in tomorrow , so we can get rack up some huge winners. As said a couple weeks ago I am compiling a list of stocks which I am going to hold over the long haul SHORT as i believe the market in going to be in one world of hurt. A few stocks are acting surprisingly strong over the last few days are AAPL, RIMM and MA. MA I expected to move higher as they have earnings coming up with RIMM, but AAPL seems to now be a value play as it has drop tremendously since it highs in December. I still hate the financials and I have been saying the financials should keep up down longer term. I will be playing SKF long again when I get another minor buy signal.
Good Luck this week and stay safe
Sunday, March 30, 2008
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