i'm a cautious bull right now, as you have seen in my previous post.
On Wednesday, Bea will report. It's one of the companies i Follow closely and IMO is redefining the enterprise software space. The company has been out of favor...but for the wrong reasons IMO.
I might turn really bullish on wednesday...as enterprise software has been the weakest IT vertical until now. History teaches us that sector don't remains out of favor for ever. It's just tough to know when the trend has really turned.
New 52-week Highs (NASDAQ) according to Stockcharts.com
ABHH American Bank Note Holographics BFAM Bright Horizons Family Solutions, Inc. CCRD Concord Communications, Inc. CORS CORUS Bankshares, Inc. DIOD Diodes Inc. INNO Innovo Group, Inc. IVAC Intevac, Inc. JLHY J. L. Halsey Corp. MPAC MOD-PAC Corp. NSDA Nassda Corp. SPTN Spartan Stores, Inc. UHAL Amerco URBN Urban Outfitters, Inc. UTHR United Therapeutics Corp. WIRX Wireless Xcessories Group Inc WSTC West Corp. YTBL YTB International, Inc.
Another thing that gnaws at me is Greenspan's behavior lately. He comes out with that ominous warning on the deficit, and the market just yawns. Then he edits his fed comments.... very odd. Is he trying to talk the financial markets through some kind of looming crisis? I'm worried that the smart money is sneeking off to the sidelines and trying to keep the public from noticing by trumping up the darling techs. Maybe something's up with China (planning to dump our treasuries?)... I don't know, but my radar is just lit up with warnings about AG's strange behavior. What'ya think?