Ian Woodward's Investing Blog

The Last Chance for The Last Dance!

As I showed you in the note of July 26 Musings two notes ago and below, the group of stocks I was following to determine the top in the market is now broken.   There is one last chance for a last dance that my good friend Robert Minkowsky has suggested which is to take those stocks that have bucked the trend and are still heading northwards against the grain.  Watching a small list of these stocks which have already reported their earnings will give us a clue as to whether the recent drop in the market was like February 27th for a week or so or whether this time we are headed down for a decent clean out.   Below is the list of eleven stocks to follow and the Index of these to show you that the Index is above the 9-dma (pink line).  If this Index breaks down, the party’s over!  Enjoy


Copyright © 2007-2010 Ian Woodward
Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.