Wednesday, July 12, 2006

Thoughts

Brokers and Metals as short candidates here? - Following up on yesterdays daily observations... Continue to press the short or modestly suggest to
Staples like WAG, CVS, K -- strong recent run...do you add to long here or that was a short lived recovery. Or utilities which continue to appear as buy....

Markets appear to be back to 50 day mva. (SPX, RUT, RMC and EFAE) with a overbought daily. Perhaps setting up for a downtrend/consolidation towards 200 day.

Maybe further consolidation can give the oversold weekly a timely entry point...for another recovery.RIMM- looks like a short to 61 before being a buy. CFC- looks weak.

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