| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| ENER | Electronic Equipment | -4.97% | n/a | 2 | 02-Jul-08 | Prior Holding |
02-Jul-08
.Beta changes (Wed)
Holding Rationale for ENER.
Additions: N/A
Deletions: CNX WAB ICO SQM ESV FPP AGU MEE ROYL CPST FCL JRCC ANR ENER FDG IPI MEA WTN.TO
Observations: I can’t remember the last time I saw so many double digit losers on the .Beta watchlist that it makes me think that we’re going to head much lower. There are so many indicators out there but one of the most simple and reliable for me is noting whether my watchlist is growing or shrinking, which is a reflection of the health of momentum stocks. If there aren’t new stocks breaking out to new highs then you’re not going to have much to build on for the market to rally. With the breakdown in commodity stocks today, I fear the momentum players may be getting some margin calls which could add pressure to an already unstable market. It appears the bulls are running for their lives right now, and that in itself could be bullish.

Posted at 14:01 in Holding Rationales | Permalink | Comments () | Top
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