Saturday, September 26, 2009
Deck Chair List of Leadership Longs
While I didn't exactly get mauled last week, the market flashed various forms of ugly as bears finally stepped out of traps and ultimately hijacked the hot dog cart.
Given the specter, the last thing I wanted to post this weekend was an updated list of live longs. Obviously then, that's exactly what I ought to do.
Don't do what I do. I'm born-again rabid, one-legged and restless. If you think this market can still trade higher, as I'm paid to suspect, then you're certainly not welcome to play any of the names below, as you need an examination. The list is dry powder, like my mouth, but in the ever-unlikely event this Titanic is not yet sunk, I've re-arranged the deck and will trade long from this updated list of leadership...
Chinese ADR's (tiger by the tail):
PWRD (only if successfully pivots off of 50-day MA)
CHBT (very thin)
Non-Chinese (all from highly-ranked industry groups):
PTI (very thin)
NVEC (very thin)
LZ (still extended)
Noteworthy (not from highly ranked groups):