InvestorsHub Logo

Tuff-Stuff

09/27/10 7:56 AM

#337025 RE: Tuff-Stuff #337024

Stock Market Video - Technical Outlook and Setups for the Week Ahead - 9/26/10

http://www.chartswingtrader.com/2010/09/stock-market-video-technical-outlook.html


Hi, traders. After pulling back for three days this week, the market took off again on Friday and really looks like it wants to go higher. We've have gone quite a ways in a short period of time, and there are a few worrisome divergences out there, but overall things look bullish and there is no reason to guess when this rally is going to stop.

Part two goes over the few technical setups I see right now. Unless you got in early, it's been a tough ride to play because so few stocks have rested and allowed secondary buy points. I've included the few that are resting right now but some don't have the fundamentals I would like to see.

Here are the results from the charts posted last Monday morning - pretty good overall. Hopefully you caught some of the winners (at least better than I did.)

Stock 9/17/2010 9/24/2010 Gain/Loss
JASO 7.32 8.31 13.52%
NXTM 16.49 18.59 12.73%
MMR 14.57 16.35 12.22%
REXX 11.26 11.91 5.77%
VMED 21.7 22.74 4.79%
ZUMZ 20.01 20.64 3.15%
WLL 92.78 95.28 2.69%
CVGI 10.06 10.3 2.39%
CRM 116.74 119.34 2.23%
RES 19.62 19.94 1.63%
IDSA 13.69 13.55 -1.02%