Stock Market Analysis – 10-22-2011
Time flies when you’re having fun. It’s been almost a month since I last posted and we’ve been on a nice run since then, bouncing all the way from $1100 to over $1235. Now we’re at another trigger point, this time of resistance right above $1225. I hope that the trend continues up, but I would refresh my watch list with both bullish and bearish options since there’s a good amount of room to run either way once we find a direction. Is it almost holiday time already?
Stock Market Analysis – 10-03-2011
Once again, we’re bouncing around the support level. Falling through $1100 could be a steep drop, but it’s held a couple times before, so we’ll see where this goes. I’d guess we’re going down a lot more, but wait for the confirmation first. Either way, there are a ton of values starting to form. Anything from GOOG and AAPL to ULTA and LULU are setting up nicely. I would pretty much check into anything that you’ve liked over the past 2 years to see if it’s in a nice setup.
Stock Market Analysis–09-14-2011
When I last checked in, the market was dipping around $1100 and looking pretty shaky. A month later I’ve changed cities, but the market is pretty much the same. It’s a bit more positive – even bullish on the short term charts – but nothing to get super excited about yet. You can try to play the swings between $1100 and $1250, but I’m still not seeing anything that would make me want to get super aggressive yet. Maybe it was just waiting for me to get back in the saddle? Well, I’m back. Let’s go!
Stock Market Analysis–08-10-2011
It’s been a hectic summer for me, but it’s probably a good thing that I’m not too active in this market. There’s not too much to be said that hasn’t already been repeated a million times. Limiting risk is the biggest thing to think about. There will be some huge bounces, but you really want to wait for those confirmations before you jump in too hard. Right now, that’s probably seeing the S&P 500 over $1200. We’ll see how much further this can go…
Stock Market Analysis–07-19-2011
Just when it looked like the market was ready to fall through some support levels, we get a day like today. Maybe the US is about to default, but don’t tell the tech industry. After GOOG got back on track last week, a slew of other tech giants hit homeruns on their earnings calls, including IBM, AAPL, and VMW. While all interesting stocks to own right now, make sure you play them objectively since it’s easy to fall in love with companies you know and to hold on to them too long after the bubble bursts.
I have no doubt we’re forming another tech bubble, but don’t get too conservative too early. It could go on for another year or 2 or 5 and you’d be leaving too much money on the table trying to guess crash beforehand. Just manage your risk and stay strong with your stops.
Stock Market Analysis–07-12-2011
After my last post the market continued running up a bit, but has since pulled back to nearly the exact same spot it was a couple weeks ago. More European weakness seems to be taking the blame for the latest breakdown. With QE3 potentially coming up, it sounds like commodities may start getting hot again. Time to start stashing those gold bars under your bed…