Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor


Almost...
Today was almost the continuation of the next leg/chapter of the primary uptrend that began back in the early spring of 2003. I say "almost" because although we closed right above the 50 day MA (the DJIA), we still didn't end up breaking out on high volume either. Also, there still aren't that many healthy bases appearing in stocks either. There are a few breakouts here and there, but nothing that exciting. Most of my stocks did just fine today and for the whole week. There were a few of them that did act up though. MHJ and HMSY did not act as well as I would have liked. Still, others such as NWK, SIMC, SLI, and TOD did just fine. Some of my top winners are taking short breaks and consolidating for a little (such as BKR and MPWR). Still, even their charts still look good and as long as the market doesn't flop and break down again, I'm sure they will fare just fine. For now, enjoy the weekend. I will try and post a few new longs for the weekend. I will also try to do some further analysis on some current holdings and see which ones I should add to and which ones I will sell.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

In Play: HMSY & MDCA
Here are two In Play Candidates for today: HMSY and MDCA

HMSY (rebought), MDCA (adding more to pre-existing position)



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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Another Nice Up Day....
....But, we are still stuck in a lateral trend. Still, if the bullish sediment continues, we may actually be able to climb above the 50 day MA and hopefully stay above it. Today is the day for this to either happen or not happen so keep a close eye on the market. As far as what stocks to buy, hopefully, by now, you should have quite a few of top performers in your portfolio. The markets bounce off of the 200 day MA earlier this week should have provided plenty of time for one to have grabbed some longs. If not, do not worry. If this is the beginning of a new uptrend, there will be plenty of time to pick up some longs. For now, I will be sticking with my winners such as SILC, BKR, MHJ, SIMC, LNOP, etc.

If you need some longs, check out HMSY and MDCA


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