Monday, November 19, 2007

On a Positive Note....

Posted by TraderMark at 2:56 PM TweetThis
It appears the 4 teflon stocks all held the 50 day moving average, Apple (AAPL), Google (GOOG), Research in Motion (RIMM), and Baidu.com (BIDU) - all stubbornly sit just above that support. Most surprising is Baidu.com simply because its Chinese brothers are being taken to the woodshed

Outside of some oil service names, its still quite nasty today but I did lighten up some on the ultrashort ETFs and bought more of the 3 fertilizer stocks as they pulled back to the same place they pulled back over and over to (right above 50 day moving average), and Suntech Power (STP) on the pullback. Otherwise very quiet day and just watching the walls crumble slowly in the market. China Sunergy (CSUN) reported a gosh awful quarter (and not good guidance) and after being down 8% is now nearly flat... strange market. With Trina Solar (TSL) which reports Wednesday and LDK Solar (LDK) in December, if they can say anything even mildly positive it seems the market will reward them. Even with China Sunergy, bad news is better than uncertainty and this company is in the worst shape of the lot. Someone with more risk tolerance and a gambling streak will probably get more upside in Trina or LDK Solar but if they check out and nothing is hiding under the covers I'd rather buy them after more information is out, and for now will stick with leaders.

Unfortunately that is about all we have on the good news front.... strong stocks holding their 50 day moving averages. For the past 3 weeks this qualifies as 'victory' I suppose! If we don't regain this S&P 1440 level quickly though (i.e. by tomorrow), it just looks like continued downside.... so much for 'washed out' financials and retailers! Too bad even more retailers report tomorrow... outside of Gamestop (GME) and Costco (COST) there is no salve for retail.

Posted by TraderMark at 2:56 PM Comments (2) | Edit This Post | Create A New Post

2 comments:

James said...

I have a comment about hte website.

The page is slow to load and sometimes doesn't load the central column and the column to the right.

This is because you have on your left comments some widgets that connect to other sites. If that other site is doesn't answer, the page rendering is stuck.

the solution is to move some of the stuff you have on the left column to the right. Why would that make any difference? The browser reads the html sequentally and so first renders the left column, then the central column and then the right column. When it has to render something that is on another site, it connects to that site, downloads the content and renders it on the page.If that process is stuck for whatever reason, the browser keep waitig for the content and doesn't renders the remaining of the page. If the progrma appears in the left column, it means that I can't read the article. If the problem happens in the left column, I will at least be able to read the article. Only the right columns wil not be completly rendered.

The most problematic widget is "PFBLOGS.ORG INVESTING BLOGS". So if you move that one to the left or erase it it would be enough I think.

November 20, 2007 2:41 AM  
TraderMark said...

James, thanks for your suggestions! I did not know that, and I will move some of that stuff over to the left or remove. I think also the sitemeter link seems to slow things down. So I will move that to the far right as well. Thanks for the lesson.

November 20, 2007 10:29 AM  

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