Markets have been on a roll for almost two months......
Selling have been short lived...as buyers with trillions are waiting to buy on any weakness....
Timing the markets are impossible exercise in futility......
Only message board posters always claim to have bought near all time lows and always claim to sell @ or near high of the day.......if you can believe that then ..I have a dream to sell you???
Making money in markets always remains treacherous in best of time......as analyst/hedge funds who use CNBC for their agenda makes it difficult to keep the faith in any stock.....
CNBC should be treated as no more than entertainment or if you are 10 minute trader then you CAN benefit from the direction of the moment......sell when Fast money say buy or buy when fast money say sell CAN be a good 5 minute tool......
BUT
If you are a swing trader like me or an investor like most people then CNBC is bad news & is NOT good for your financial health......
SO
What to do IF you are a swing trader or a long term investor...here ARE few ideas which I use and find very useful :
www.stockcharts.com
This is a free site for analytical purpose with great updated charts every second....I use Gallery view which gives me 50DMA,200DMA,CMF,Daily/weekly charts plus stock price Targets......all in one page.
Then I click default sharpcharts on top left and get RSI,MACD...I use RSI with great intensity.
www.stockconsultant.com
This is a free site which gives you five stocks with technical interpretations..identifying various resistance & support with stock target price @ each level...they only update @ 5 PM for free users......identifies "breakout" & "breakdown" in charts.....
I go there everyday after five.
For fundamental analysis ..I use Yahoo Finance & MSN Moneycentral where EPS,Sales,Market Cap,Average volume,short interest,Insider ownership is updated......
I check these site also on a daily basis for trendline changes.....sometimes EPS are stated differently because of GAAP or NON GAAP format.
On a weekly basis ,I get free newsletter from stockcharts.com,investment house.com which I find very useful for weekend analysis..they are always detailed with analysis & charts.Investment House also give free recommendation for 3 stocks on Sunday.
If you do the above you will have good knowledge from FA/TA point of view to make good investment decision.
I personally do not find IBD of much help ...because they highlight only "hot stocks" which sometimes are "too late to buy"...by the time stocks get to IBD 20,IBD 100 list...they have already moved 100%????
As for markets...they ARE looking very healthy and many stocks are looking READY to move based on FA & RSI......
It "never too late to BUY" if you have done thorough analysis of FA/TA......last thing which one should do IS buy the HOT stock of the day...hardly works.....
This market has lot of UPSIDE...but the "optimum GAIN will be had in sleeper stocks"
Optimize your $ investment by spreading into many "emerging GROWTH" stocks which have been beaten down because of recession.
Follow your OWN homework & KNOW what you are buying & WHEN you are buying.
Sometimes WHAT & WHEN makes an ideal combination for "serious GAIN".
BLOG does NOT give buy or sell.
Saleem
6 comments:
Citi
eekly - CITIGROUP (C)
Exchange: NYSE Close as of week ending 05/01/2009
Opinion
Opinion LONG Date Opinion Formed 5/4/2009 Price Opinion Formed 2.97
Score 0 C-Rate 0.0 UPGRADED
Recommendation
Stock is a Buy.
Comment
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Weak Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is falling which is Bearish.
Price is under Support of 2.99 which is Bearish.
Watch for resistance at 3.19
Week's Activity (Close as of week ending 05/01/2009)
Week Close 2.97 Week Change -0.22
Week Open 3.05 Week High 3.28 Week Low 2.85
Price Analysis Volume Analysis
Yr. High 26.15 Ave Daily Volume(00) 5,114,266
Yr. Low 0.97 MO Chg.(%) -25.3
MO Chg.(%) 8.4
Resistance 3.19 Up/Down Volume(U/D)
Support 2.99 U/D Ratio 1.2
SELL STOP 1.59 U/D Direction UP
Volatility(%) 9.8
Position 19 On Balance Volume BL
ADXR 24 Positive OBV BL
Negative OBV BR
MA Price % Slope
10 Day 3.09 96 DOWN Money Flow(MF) 41
21 Day 3.19 93 UP MF Direction DOWN
50 Day 2.58 115 UP
200 Day 9.58 31 DOWN
Technical Analysis
Alpha -0.02 50-Day R.S. 1.34 OBOS 1
Beta 2.3 STO(Slow %K) 45 B.BANDS 102
MACD ST BR STO(Fast %K) 28 RSV 2
MACD LT BL Wilder's RSI 51 POWER RATING 87
Saleem
Please have a great trading day
I like your blog great analysis and information--you put your heart in it.
NVDA is sure looking good here --I believe it going to romp again
I still like my GE Citi and NVDA is it pull back at all is a bargin
citi Bank information:
However, according to reports, Bank of America (BAC) is planning to raise $10 billion in capital, while The Wall Street Journal reports that Citigroup (C) may need to raise as much as $10 billion in capital, causing their shares to trade in mixed fashion during premarket action. The news items follow word from last week that the two outfits may need to raise billions of dollars in order to satisfy the government's bank stress test
Hi Madmax,
Thanks for your appreciative note.
I do use my heart as a central piece for doing most of the things in life.....although brain takes me where i need to go !!!
NVDA is a great buy.....I generally give market order when I want to buy any stock...MM can take it UP or bring it down for few second...why worry about it..imho
Saleem
SALEEM
Congradualtions on NVDA--wow up again
My Citi and GE are flying today as is GS, MON and the shippers are up crazy DSX and FRO--yahoo---hooRah
Hi Madmax,
Markets are strong...most stocks are UP $$$$
I am happy for your portfolio....that it is participating in this move UP.
Saleem
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