As mentioned earlier, this week was only range bound trading without clear signal in either direction.
Still some interesting points:
1) OIL.....WTI is now 5$ behind BRENT......Hummmmmm will correct itself earlier next week and i presume WTI will go higher faster than BRENT
2) GOLD and SILVER are somewhat still range bound trapped. This was a week where not much happen and still many things lingering in the background. Will see next week
3) Rite Aid (RAD).......not ready to give up on this one but it management surely know by now the best way to have their companies lose market value. They (Walgreen and Rite Aid) deserve an 'A' on that subject. I also think that shorts is now well above 250M shares based on actual readings. If good news were to come i know expect higher volume on that day most probably in the 200M shares traded.
4) Hovnanian (HOV) is getting back on its down slope as expected even if it had a dead cat bounce yesterday. Wait before getting in or if you can stomach the downside, you can start now only a bit a the time and get ready for some down swing again next week. If DOW correct itself by 3-4% expect HOV to go down by 15-20%. Remember that they have not been able to generate any profit this year in a year where number where really really good for the construction corps.
So about this week, i would say it was more interesting looking at the paint dry on a wall than the swings of the markets.
Another thing to remember: you will never make any money by buying stocks........you will make money by selling them at the right time.
Hope you all have fun this week my 30k readers.
Still some interesting points:
1) OIL.....WTI is now 5$ behind BRENT......Hummmmmm will correct itself earlier next week and i presume WTI will go higher faster than BRENT
2) GOLD and SILVER are somewhat still range bound trapped. This was a week where not much happen and still many things lingering in the background. Will see next week
3) Rite Aid (RAD).......not ready to give up on this one but it management surely know by now the best way to have their companies lose market value. They (Walgreen and Rite Aid) deserve an 'A' on that subject. I also think that shorts is now well above 250M shares based on actual readings. If good news were to come i know expect higher volume on that day most probably in the 200M shares traded.
4) Hovnanian (HOV) is getting back on its down slope as expected even if it had a dead cat bounce yesterday. Wait before getting in or if you can stomach the downside, you can start now only a bit a the time and get ready for some down swing again next week. If DOW correct itself by 3-4% expect HOV to go down by 15-20%. Remember that they have not been able to generate any profit this year in a year where number where really really good for the construction corps.
So about this week, i would say it was more interesting looking at the paint dry on a wall than the swings of the markets.
Another thing to remember: you will never make any money by buying stocks........you will make money by selling them at the right time.
Hope you all have fun this week my 30k readers.
Aucun commentaire:
Publier un commentaire