The Dow gave back 153 points (-1.56%) this week. At the end of the week, my watch list has 9 companies compared to 8 from the previous week. Here are the companies on my watch list as of September 25, 2009.
Recent Articles
Market Commentary
The market appear to be getting weaker as it approach 10,000 mark. It could be shaking out the weak hand before it more to 10,000 then to lure retail investor in. Only time can tell. For now, I am cautious because the transport might break below the previous high.
The first chart is the Industrial. The Relative Strength (RSI) is making lower high but the index still have some room to move on the downside.
We'll have to see how the market react on Monday. Keep a close look on the Transport because that is where the story is told.
Art
Print this post
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.