Thursday, February 14, 2008

Current Stock Coverage - 2/15/2008

MRK has done very well this week handily out pacing the market.
The stock remains in the buy zone and should prove to be one of the leaders on the
next leg higher in the general market.

Gander Mountain has reached a critical point that should determine the short term
course of its stock price. A solid break of this downward trend line on expanding volume
will be a huge positive. A failure and turn away may very well bring about one more test of the stocks lows.
AMD had a very average pull back today and on declining volume which is a bullish development. I expect the stock to get back on track with higher prices as early as Friday.

I talked yesterday about the Airline Index either proving or disproving a continuation of its intermediate term rally and today was a failure and caused us to exit the last half of our position.
No complaints however as it managed a very nice return for us and in a very short time frame.
We will see what this potential decline in XAL is made of as Long Term the index still has a good amount of pent up demand and much higher prices. We may very well re-visit again.

No comments:

Trend Analysis LLC Headline Animator