Thursday, March 26, 2009
The market has been amazing me in many ways. I fear I am missing out on a great new bull market, this stirs my greed to the point I consider some bad decisions. I've cleared my head a little with some comfortable time away from the bright lights. Yesterday and today I made a few hundred with two quick trades going long QID after it gapped opened lower. NFLX stays strong, I'll look to buy if it can pull back more Friday. This risks holding over the weekend after such a great run but I think the up days on 1/27 and 2/23 on massive volume show strong buying by the big guys. I bought some STAR today and will hold it for a bit. It showed up on my screening last night, numbers are good, 50 DMA is near 15 and is sloped up. RS and group is good. The big money to be made is with the 401K account, still in cash. SMA 50 on SPY still sloped down and short term averages still less than the 200 day average. SPY is peaking above trends lines in following, more to be revealed. Click on chart image for full size.
Posted by nursebee at 2:41 PM