Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Leading Stocks To Consider Buying and Stocks To Forget

Companies / Company Chart Analysis Oct 09, 2010 - 03:57 AM GMT

By: David_Grandey

Companies

Best Financial Markets Analysis ArticleTime and time again we’ve said: “We do not chase buses around here as we’ve seen it time and time again where one jumps in thinking the short term trend is going to continue and then? WHAM 10-15 days worth of gains wiped out in 2 days. Those who like chasing stocks AFTER the fact? Good luck with that.”


This week’s action in leading stocks should come as no surprise as we have been noting how extended and sloppy they were getting. This is why we pay attention to the leaders. This is how the market talks to us. More often than not we can’t tell you how many times in the past where we have seen the leaders roll over and soon after the rest of the market isn’t far behind.

After all lead means BOTH directions. When we started buying them back in the end of September nobody wanted anything to do with most of them. A week ago or even Tuesday? Everyone had to have them and true to form the market obliged by letting those who had to have it, have it BUT not they way they wanted to mind you.

Make no mistake, the damage that has been done to some of these names will not be repaired overnight. CREE WAS a market leader and it’s been months and it still isn’t showing any sign of stabilizing from when it went into its correction.

Following are some leading stocks that were damaged significantly this week followed by leading stocks who may give us another opportunity to buy them at low-risk entry points in the near future.

LEADING STOCKS TO FORGET
CRM
 

AKAM

One could say this issue had a head and shoulders top to it if you look close.

VMW

FFIV

CTXS

MELI

RHT

RVBD

With all of the above, notice the double tops all over the place? Those double tops are your early warning alert system pattern telling you a potential change in trend is near, in this case up to down.

============================================================

LEADING STOCKS TO CONSIDER BUYING
These are the leaders we want to watch over the next few days. We buy stocks at support and should these stocks continue to pullback to support in an orderly manner, we’ll want to be buyers at those levels.
When each of these stocks trigger a trade, we’ll issue you a trade trigger email alert so you can buy them at the opportune time — when they are finding support and offering you a low-risk alternative entry point!  Find out more at the end of this newsletter.

ROVI

Talk to us at the blue line, it gets us interested on the long side for a trade.

NFLX

At or near the green line gets us interested in the long side for a trade.

SINA

The green line gets us interested on the long side for a potential trade.

By David Grandey

www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

© 2010 Copyright  David Grandey- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in