Monday, January 15, 2007 11:10:52 AM
There is a good article in IBD on pg B20 on buying stocks at the 10-week moving average. I mention it because it help explains the powerful move NYX had off of this moving average on 1/5/07.
Also, in Tuesday's edition, NYX is listed #23 on the 100 list and put in a black border, so I checked the previous Monday's list, it was at #29 and also in a border (check out the paper for an explanation).
So, had to look back further, in the 1/2/07 edition, featured on B2, and listed at #41.
12/26/06 - listed at #30.
12/18/06 - #25.
12/11/06 - #26.
12/4/06- #23.
and it keeps showing up for many more weeks prior to this.
There are other watch lists to monitor more than the 100, as well as just price and volume action / charts. I got interested in NYX back in late Oct/early November (it's main breakouts were on 11/3/06 and 11/10 with a previous breakout on 9/22). But, the upmoves have been very powerful since. So, along with some other factors, it looks like a lot of continued buying interest.
And if you haven't already, I recommend getting a subscription to IBD and RealMoney, at the minimum. Why do I keep mentioning and referencing only these? Because they offer some of the best info on the market for your money. I subscribe to a lot of other newsletters, sites, and services, but, many just to keep a feel on the marketplace. However, if you are just beginning, you don't need or want information overload. Keep it simple - just work on your trading discipline & rules.
And get some of Bill O'Neil's books too, and Cramer's. Again some of the clearest info on trading stocks (and trading rules) for your money.
All for now.
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