Why TA is Important

Because the market today is dominated by institutional investors and TA helps you determine what they are doing.

IBD's Vote - QGEN and GMCR

Spot institutional selling before it spots you. Stock diving below 10-week in heavy volume should be enough to scare you. But, also, making new highs out of poorly formed bases.

What's Worthwhile

A lot of leaders have taken a massive drubbing. The thing about small cap is that you can expect to lose 50% in the blink of an eye. Just look at the wild rides FSLR and CMG have taken.

PTR,
CMG - buy at the 200 day moverage
PCU - after a few weeks, if it's above it's 200 day
RIO - when it hits 200 day
INTC - if you're a masochist
AMD - technical. The downward trend will continue, but I think there's a rebound imminent
ABT - biotech - but, don't expect much
ADBE - seem to double every 5 years - probably too slow for most of us
VIVO - at 200 day
CLB - at 200 day
WFR - now that's what I call a shakeout:) You'll see some serious declines. I remember buying some at 90. This will get to about 50, buy then. It'll net 5x in 5 years.
ESRX - whoops - get ready to sell this baby - probably no more buyers left
IBN
NVDA - classic technical
CVD - when it dips back to 200 day moverage
GRMN - buy, but expect dips - hold long term
RIMM - classic technical - buy at 200 day moverage
MA - buy at 200 day
IMA - you can't ask for a better one
ICLR - declines possible, but good long term bet
NGS - the long road to recovery from a climax top. Second buy point will be at 36.
STP - ready to rocket - buy at 200 day - a few weeks from now.
CMED - buy at 200 day

Note - this is what I plan to do. It's a good idea to keep atleast 2 years living expenses (and some leaving expenses:) handy if you plan to follow it. This is not for the faint-hearted.

LFC - looking very good - get at 200 day
CHL - 200 day
GOOG - 200 day. No stopping this baby
MT - buy, buy, buy
AAPL - at 200 day
HUM - at 200 day
SID - don't buy if it climaxes
BIDU - at 200 day
ISRG - a2d

Keep Them Eyes Open

LVS, AMD, MRVL all look good from an oversold point of view. But, I'm no expert.
PCU - maybe?
MER? A record low is usually a good buy point technically.
NVDA.
ABN.

Someone needs to keep track of the performance of the "record price breakouts" from clearstation!

GS is sure to hit 400 in a couple years. Seems like a safe bet too.
C looks like a nice idea, but don't expect the dividend to be so sweet.

Get Ready to Buy

EDU was up today. So also CTCM, ITG, PRSC, ATR
Too many down today to name. But, banks seem to be making record lows - so those will be good to watch - could become safe bets pretty soon.
CHK also good. Looks like I called the top on ALJ perfectly.
CME looks good according to me.
Look at JOYG!! Seems like an ideal buy point.
And KWK.

What's Looking Good?

MON, ADM, RIMM, GRMN, ..
HUM, NGS, ...

Nothing

Really, nothing.

My Mistake

I would have been easy for me to start IRAs as early as 2001. But I waited till 2005.

Monsanto - You Reap what You Sow

This could have been your home run stock.
Market was flat, this one kicked butt.
Others that did good today : FTI, STT, SYT, SPN
Down today : JTX, XTRX, SFLY, CVS, NCMI

AAPL, AMGN to bounce off 200 day

Everyone bounces off their 200 day once. So let it be with these.
CVS cleared for take off - divergence from 50 day, 200 day. Will take a couple of years to catch up. Happy harvesting!

Dow cleared, Nasdaq - sorry, you'll have to wait

Did you see that, the Dow did not make a lower low. Whereas, the Nasdaq has been consistently making lower lows. Watch the banks offering higher and higher rates of interest. It's not as crazy as at the time of the bubble, but I think the market is telling us that tech is not hot and won't be hot for a while, whereas, defensive stocks - KR, MO, CVS are the ones to donate to.