Monday, March 26, 2007 4:59:42 PM
finally picking up and confirming last Wednesday's jump up. Would really like to see the weekly volume pick up on an up week (like hopefully this week!), so we start getting some stronger up weeks versus down.
This market is resilient. What I mentioned last week about things looking better than last summer - here's a couple: look at the SOX - it just barely dipped below it's 50 after the 2/27 selloff. Last May it just kept plunging - actually led the way.
Look at the transports hold up, and I like what a couple of the truckers are doing even with the driver shortage. And the other indices - the NY composite, the S&P midcap, the Russell, the IBD 100, and also the Nasdaq's percentage move last week. Volume was light, but, it was far lighter last August as the market powered on.
I'm not getting highly leveraged like last fall (yet), but, have already put most of my cash back to work.
Protecting that cash is always rule #1, however regretful it is to look back later and think "I wish I would've left those lower bids in (like under $82 in NYX)".
GL & GT.
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