Market Flogging

Trend trading in the stock market

Monday, October 09, 2006

Big day in a ho-hum market

Mail, bonds and banks were a no-go today, but the stock market apparently slept its way through the day. I don't watch much of it because I'm at work during the day, but from what I understand it flapped around very little on low volume today. I managed to score over 1% on my portfolio today. Nice when that happens, but I've seen the opposite far too many times to get too excited.

Hey look! Charts!

Shorts need not apply. Lost FLS today:






What can I say?

I also made an executive decision and punted PPS for a little gain.






It just isn't trending up at a fast enough clip. I decided to take it out to make room for something that has potential to bring the groceries.

Like CHS:






I'm a bit early on this guy. It recently broke its downtrend and hasn't established a reliable uptrend quite yet. The line I drew is almost 20%. While I'd love to see that one stick, I have my doubts for some reason. However, I think this is the start of something good. Time will tell.

I also picked up a couple more positions in my IRA. First up was FII:






I picked that one up at 34.99.

Last is DOW. How can you not own that ticker symbol?






I have a bunch of stocks on a watch list. Looking at that I wish I would have day traded the whole thing! I don't have the whole list with me, but I know I have TSM, FIS, DBD, SNWL and others on it. Every stinking one was up today. At some point this market will take a little break and I'll be able to pick up a few of them.

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