On 01-01 we highlighted 2 stocks (ANAD, DCTH). We said ANAD buy signals looked good. ANAD had a very good week (made a few shekels on it). We said though DCTH was giving buy signals other factors (cycle alignments) did not look favorable and probably should take a pass. DCTH had a bump mid week, but overall it was not a good week for DCTH. ANAD is now at a point where it could have a "sell" signal soon - so be careful if you bought.
http://swingcycles.blogspot.com/2011/01/01-01-dont-blindly-act-on-signals.html
For the week I said "Overall though I think the weight of the cycles should give us some downside by the end of the week.", Check.
I featured LIZ as a potential near term buy. Their 2H guidance last evening was ugly and it was down 13% today. No buy signals yet, but this probably set a bottom today and we expect buy signals soon. Others featured were SVA - somewhat negative comments Thursday morning in the news. But, it held up well. Expecting a buy signal soon. Then there was LSE which appears to have triggered a CCI buy signal today (more on this one later after I take a closer look). Then there was VASC and SHO last evening. Nothing new to report on these - still waiting for signals.
Overall, looks like we got the market direction right (higher high than we thought by mid week) with weakness the last 2 days of the week. And a couple of good calls on stocks (ANAD and DCTH). As to the rest time will tell.
Have a good week end.
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