3/21/2011 - Recent options in MSFT, CAT, CLF, XLE and XLB have performed well, yet the market seems perilous and vulnerable. The above call options did indeed do well over the last few days, but the rise has been on low volume. CAT, XLE and XLB (basic materials) seem poised to do well in the current climate of energy scares and natural disaster rebuilding. MSFT on the other hand has simply been beaten down to the point of exhaustion. Todays bounce was nice, but it gave a good chunk back before the day's end. And the volume was lack luster.
3/24/2011 - The market has been moving up since a week ago Thursday. The question is is this a fools rally. Gains in CAT, CLF, XLE and XLB may travel, however the Dow Jones is showing a weak pattern. The average hit its high on February 18th and has twice tried to rally back with each high less remarkable. Over the last week the volume has been trailing off while the average increases.
SBUX has been all over the place with spikes, drops and more spikes. The oil holder OIH gapped down on the 9th and has now filled that gap on decreasing volume. Although, it looks like it might be an expensive summer for gas. Individual oils pulled back early in the month and now are on the rally. COP looking to recapture the highs. CVX bounding off the 100 mark for a break to new highs. The industrial spider XLI appears to have broken the down trend. Gold is also on the rise, interestingly enough. Brazil (EWZ) is trying to turn it around.
3/27/2011 - ADTN has pulled back from a tear and may have found support. The Dow is looking strong, but the broader market isn't as powerful after the Japan earthquake. Compare the three ETFs -- DIA strong, SPY okay and QQQ timid (renamed from QQQQ).
Pullbacks: RVBD, AMP, JDSU, and ADBE
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