April 19, 2010
– Comments (9) |
RELATED TICKERS: GS
What was once resistance 11k on DJIA is now Support.
Thats what happens in a bull market,
Higher highs and higher lows.
Said it this morning. GS will go green and so too will the market.
Not even the SEC can keep this bull market from going higher.
Congrats to Goldman and "The Market", but 95% of stocks I'm follwoing are deeply in the red, which should be the same for you as they are heavily skewed towards Chinese Small Caps.
Almost all of the US companies I follow are in the red too. Seems to be C/GS are holding up the market ;)
simplemts you must be in the 95% wrong stocks then.
Majority of my holdings are either green or headed to green quickly.
At the time of this writing you have 35% of your CAPS stocks (67) green and 65% in red (124). Seems the "market" is being heavily influenced by a minority of stocks.
Most of the stocks I'm watching are "high risk" so of course they sell of on bad news.
All I'm saying, this market is being pushed up by less than half the stocks... not exactly a convincing arguement for me.
When C and GS are big drivers of the market... I'm not impressed.
By the way, my tone may come across as attacking you, I do not mean it that way.
From my viewpoint I just personally feel that the market is rising by a minority of stocks and that risk assets are selling off still. This does not give me high conviction in the short-term, since the market mainly appears to be working off a short-term oversold condition mainly driven by banks.
Good luck to you sir.
7 out of 11 of my real life holding are green for the day.
Biggest winner ABPIQ up 14%.
Biggest loser RBY - 2.31.
Sorry simplemts I should have clarified that I meant my personal account holdings not my caps portfolio.
What kind of stocks are you mainly holding in your personal account? Small-cap, Large cap, US, Emerging Markets, etc.
I am diversified in all of the groups thru 401k, personal broker account and joint broker accounts.
But I do hold a majority of my funds in a Nasdaq 100 index fund.
25% small cap, 25% emerging market, and the rest in Large mainly Nasdaq 100