Sunday, May 31, 2009

Live Longs for a Friendly Bear


Bears will be bears, and as such bears were frothing-up the Internet all weekend over being so blatantly manipulated (again!); by that snidely, late upper-cut action on Friday.

Brutal yes, but leadership growth just might be a better trade; as long as the market is rising.

This week's list focuses on rising relative-strength industry groups. Within these groups I favor high RS (and/or new recent highs in RS), strong EPS + revenue growth/potential, positive technical patterns/set-ups and at least a reasonable amount of liquidity (I require slightly less liquidity in longs than in shorts).

This is my working list for the week and should in no way be misconstrued as anything resembling a recommendation. Short them for all I care - but certainly don't buy unless you are independent of me.

Asterisks are included where I see a name either breaking-out, potentially breaking-out or imminently capable of breaking-out. These too are not recommendations. Sometimes these are the worst possible buy in fact, when a break-out fails...look at that weak volume for instance - you wanted to buy that?

High Five!

Internet-Network Solutions:

ASIA
FFIV
RAX*
DRIV
ARBA (extended)

Internet-Content:
CYOU
SNDA
NTES
PWRD
SOHU

Semiconductor Mfg:
TSRA*
MPWR
ADI
STEC (extended, looking to enter on hard slice lower)
TQNT
CREE
MRVL
VLTR
HIMX
FCS
AMCC (extended)
RFMD
CY
SPIL
BRCM
OVTI
ONNN
PMCS

Computer-Security Sftwr:
ARST*
MFE
CHKP
MVSN

Computer Networking:
COMS
BBOX (thin)
RVBD
JNPR

Computer-Data Storage:

NTAP
TDC

Telecom-Wireless Equip:
STAR*
RIMM

Telecom-Fiber Optics:
JDSU
FNSR (pennystock; enter above .67)

Retail-Whlsle-Computer/Cell:

IM
TECD

Oil & Gas-Machinery-Equip:
DRQ
WFT
CAM
FTI
DRC

Oil & Gas-Refiners:
INT
WNR
IOC
SSL

Metal Ores-Gold/Silver:
WGW (thin)
IAG
AU*
AUY
SLW
DROOY (thin)
LIHR
RGLD
GG
GOLD
HL

Metal Ores: (will post during week if group leading on-the-day)

Banks-Money Center:
TD
GS
MS

Banks-Foreign:
IBN
HDB

Retail-Clothing/Shoe:
CTRN
BKE
DBRN

Retail-Restaurants:
DIN
EAT
DRI (enter above 36.35)
PFCB
PZZA
PEET (enter above 27)

Paper:

RKT

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