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Alpha TrendsAlpha Trends is dedicated to unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. It is updated by Brian Shannon with video and written technical analysis of the equities markets and individual stocks. |
Video Technical Analysis Stock Market Review 9/24/07
Posted on 09/25/2007 01:58:40 | Link | Post Comment
The Qs outperformed on the upside today as the rest of the market continued to digest the large move up from last week. The Russell 2000 is flirting with the 200 day MA once again and that gives us reason to continue to remain defensive. There are some fantastic upside moves in the stocks with large short positions as it seems the shorts just cannot get it right in picking a top in momentum names (BIDU, CROX, GMRN, etc.) Another area that really stands out is some of the smaller Chinese stocks (CLWT, CBAK, CTDC, PACT, CHNR, etc.)
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