Monday, December 13, 2004

laggards, advance!

My watch list looked like crap today. You wouldn't guess that the market was busy advancing more than 1%. Not only that, but looking through the intra-day charts I did not see much in the way of accumulation patterns. The stocks I saw setting up last week (GOAM, CAAS, TZOO) could not break out during today's advance. In fact, GOAM even broke down. To me, this is a big red flag. I will be watching today's best performers (OSTK, NGPS, SIRI) closely tomorrow to see how they act heading into the fed announcement.

My watch list is currently:

TASR
TZOO
RIMM
HRT
AIRT
EXM
GOOG
SYNA
AAPL
OSTK
AMD
SIRI
GOAM
CAAS
CME
NGPS
NVDA

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