A viewer mentioned Cramer's discussion of POT on his Monday's Mad Money program (which I do not advocate). Cramer himself will tell you he is more of a "fundamentalist" when it comes to stocks; and it showed, because his "technical" analysis of POT's double bottom did not include volume! I'm not crazy about the fertilizer sector; and as most of you already know, stocks that lead in one bull run rarely lead the next bull.
Summary: Be patient and stay on the sidelines.
Market: Weak
Sectors: Very little leadership
Stocks: Leading stocks are not acting well. Watching LOPE, LDR, HTS, AGNC, RGLD
Positions: None
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- Dr Stock
- MISSION STATEMENT: I am starting this blog to help investors learn from the mistakes that I have made over the past 10 plus years while trading the markets. My 2008 returns were 100.8% and my three year returns were 67.6%, respectively. I mainly read charts and use IBD/CANSLIM principles; but, I also incorporate many methodologies that I have discovered while reading virtually every trading book ever published! If you find this blog helpful please become a "follower," as it will help me gauge interest. DISCLAIMER: All communications are for educational purposes only. Nothing in this blog should be interpreted as a recommendation to buy, sell or hold a security. All visitors must do their own research before making an investment decision. Past performance is not indicative of future results. The opinions expressed within this blog are solely the opinion of the writer and NOT of any other public or private company, entity, financial instituion or any individual(s) implied or not implied. Any information published is subject to change without notice.
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