Sunday, March 18, 2007

Market Still Correcting

It looks to me there’s more room to the downside for the market. If you take a look at the weekly chart of the NASDAQ, we’re still in the early stages of the correction. I may nibble a bit here and there for some bargains, but I would not be aggressively buying in this market. There are some stocks holding up fairly well such as J. Crew (Ticker: JCG) and Apple (Ticker: AAPL). I currently have positions in both of these stocks. There’s really not many out there right now. So just be patient…

2 Comments:

At March 18, 2007, Blogger z-stock said...

MT
GOOD CHART QQQQ, Thanks
QQQQ at 50 day,(41.x) looks like a good catalyst signal for BIO-tech
z-stock
I mean I hope BIO can at least get a 3% move...up..at Q's 50 day..
There sure isn't too much BIO downside left any more...

 
At April 24, 2007, Blogger Tate said...

Hi, if you get a chance could you please update your url for selfinvestors - my blog has moved to http://selfinvestors.com/tradingstocks/

thanks turtle!

 

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