Here is my watchlist for the upcoming week.
Bullish and Semi-Bullish:
Steel: X, STLD, NUE
Metals/Mining: ANR, CLF
Energy: MUR, APA, DVN
Railroads: CSX
Materials/Construction/Manufacturing: MDR, CAT
REIT's: GGP, PSA, PLD
Financials: PRU, MS, FNM, FRE
Tech/Services: RIMM, ERTS, AAPL, FSLR, ADP, IBM
Electronics: TYC
Biotechs: GILD
Retail: NKE, WMT
Food & Beverage: K, GIS, PEP, KO (none of these are very big movers)
Bearish and Semi-Bearish:
Gold: NEM, GDX, ABX, AEM, GG
Energy: VLO, NOV, OXY, SU, DO, MRO, CHK (may be forming H/S), USO (may be forming Double Top), CNQ, APC
Coal: ACI
Retail: JCP, KSS, ANF
Financials: AIG, LEH, LM, MER
HMO's: AET, HUM
Utilities: PEG, NRG
Note: UTX, MCK, NVT, DBA, FCX, PCU
The Market continues to chop and churn as traders battle over whether we are recessionary, inflationary, or just right. If Goldilocks doesn't get a Prince Charming on Monday or Tuesday with the Chicago PMI and the ISM, then the Three Bears may take over. We have some critical divergences happening inside of individual Industry Groups let alone sectors. You will see from the Watchlist that there are bullish and bearish stocks that are living right next door to each other in the exact same neighborhood. The current market conditions may be shoring up a bit from January and February, but we still have enough uncertainty to slosh this thing back and forth until we get to the April Earnings Season.
With the kind of conditions we have experienced since January, and with Mutual Funds on the verge of posting their worst quarter in exactly 5 years, you should take a moment and reflect. For those of you who have been following me over the past several months - and have been making even a little money - think about what you have accomplished! There are a lot, and I mean a lot of trades who have lost money, and even a lot of money in the past 3 months. I have demonstrated to you how to navigate successfully through the choppiest, worst market in 5 years. I have shown my own paper trades to you on a regular basis, and you can see for yourselves my hit rate (wins vs. losses) and profitability. No smoke, no mirrors, no slight of hand, I have put everything right there in front of you. And I have to tell you, I get a tremendous satisfaction when I hear about your profitable trades. But I get even more satisfaction knowing that you're doing it in the absolute worst of times.
Subscribe to:
Post Comments (Atom)
Dwight:
ReplyDeleteThank you for your diligence and tenacity in not only showing how us how to navigate these choppy waters, but more importantly the “why” of your ideas/moves aka: paper money trades. Demonstrating what economic reports to consider, what they may mean to the market, the possible market reactions and some of the potential high probability trade set ups could be are so valuable. I know you don’t know the future and you are not NostraDwightous, I just have to say that I appreciate your ability to forecast future market action. Like a great chest player, you are thinking several moves ahead with additional countermoves should the original forecast be off. I’m grateful that you are in space and time and working to share your knowledge and insight with us. Thank you for your mentorship.(and family page)
I have made money with your instruction/ideas. For that I am also appreciative.
I also know that I am the one responsible when the “send and confirm” button is punched.
May I be as generous with my skills and talents (once developed) as you are with us.
Thanks again.
Robert
CANI
Dwight, as it is Sunday, I will give thanks ! Looking forward to another wild week.
ReplyDeleteThanx for the list. It helps to see what you think is bullish or bearish compared to what i think.Good stuff.
ReplyDeleteP.S.
Ditto Roberts sentiments.