July 21, 2010 Market Recap

Once again, all three markets bounced off the down trendline. When the whole market is going down it is not a good time to be in the market. Also notice the 150 and 200 day moving averages are getting closer and closer together. The 150 trendline has not started to turn downward as well for all 3 of the indices. We will want to see a cross of the trendline as well as a cross of the 150 and 200 day moving average before getting back in. Will continue to monitor.

July 16, 2010 Market Recap

I mentioned in my blog yesterday that all the markets were hitting the downtrend line. As well as the 200 day moving average. I was anticipating a move today. I actually set a trade to buy to 110 calls for SPY if the S&P 500 crossed 1100. It had been hitting resistance and I thought it would go up if it broke that resistance. It didn't break the resistance. I had also thought about a 108 put on the SPY. I would have done well with the 108 put. Just didn't get is set. I probably could have made 25% on the trade just today. I will continue to watch the market especially if it looks like it is going to set up a good move.

Market Recap July 14, 2010

Over the next couple of days, there will be a decision in the market. Presently, all three marke the DJIA, S&P 500, and Nasdaq, are all right at the 200 day moving average. If it crosses both the 200 and 150 day moving average the market will go back into a bull market. If it fails to cross the 150 day moving average, the market will continue lower.

I am finally getting back to blogging. Hopefully I can stay with it this time.

The DJIA, S&P 500, and the NASDAQ Composite are all below the 150 day and 200 day moving averages. None of them have crossed above the trendline. Notice the trendline is also right at about the 200 day moving average in all three cases. The market has not broken out of the bear market yet that started April 26, when all three indices hit the high.







I am also watching 13 stocks and investing different ways with the following stocks.
Aeropostale Inc. ARO
Amedisys Inc. AMED
Catalyst Health Solutions, Inc. CHSI
Chipotle Mexican Grill CMG
Cognizant Technology Solutions Corp. CTSH
Deckers Outdoor Company DECK
Devry Inc. DV
Ezcorp, Inc. EZPW
Gilead Sciences, Inc GILD
Intuitive Surgical, Inc. ISRG
Medifast, Inc MED
Noble Corp NE
Quality Systems, Inc. QSII

Most of these stocks are classified as being undervalued based on Stock 2 Own
This website analyzes stocks based upon fundamental analysis based upon "Rule #1 The Simple Strategy for Successful Investing in Only 15 Minutes a Week!" by Phil Town.

I will be looking at each of these stocks in more detail based upon fundamental and technical analysis over the next week.