Showers Market

4/7/2011 - Markets moving up.

4/12/2011 - Markets correcting downward.  JDSU and MSFT down, while NFLX looks to be done pulling back.  NVLS has been smacked back a few times, but still has upward quarterly MA.  The stock at 34 is 18% off the recent high.  SYK at 60, CAM at 53, and GLW at 19 look oversold.

While CTRP at 44 may be overbought.  EXPE filled the drop gap and may be done rising for a while.

4/13/2011 - Stocks which may hedge against a toppy market - ARM at 19.5, MWW near 17, RSH filling the gap at 17.

4/ 15/2011 - What is going up in a down market?  EIX, FE, PPL (Electric Utilities), CMA (Banks), VMW (System Software), COH (Apparel)

4/23/2011 - Between Good Friday (which was) and Easter Sunday it is time to reevaluate the market direction.  On a quarterly basis, the overall market is on an uptrend with the QQQQ, DIA, IWM, IWB, and SPY.  The QQQQ is a bit weak with the index falling below its quarterly moving average and the average looking to roll over.  Only in the last week has that trend broken.  The DIA is the only index breaking new highs, so far.

BDX and JNJ are nice PUTs for downside protection.

4/25/2011 Silver is up huge.  Perhaps ready for a break.  Watch SLV.

4/28/2011 Ben speaks, precious metals move up.  Humm.  NTAP, PCG, MHS, and WMT look set to pullback.  On the other side NE, ROK, ABX, NFLX, and CMG could bounce.