Tuesday, June 8, 2010

Well just about everyone is now bearish...TIME TO BUY!!!

I am now interested based on my style of trading in buying stocks once more. Today on most indexes represents day 1 of a rally attempt since today's low under cut the low of the previous day that represented day 1 of the last rally attempt. So now most CANSLIM traders are waiting on a follow through day before getting back into the market.

Based on my analysis, it is quite obvious that the place to be is the retail sector and further within in the retail sector the "music and video stores" and "auto parts stores" are at the top of the pack. At the top of these industries are stocks like NFLX, CSTR, ORLY and AAP. At the moment these stocks have the best fundamentals and technicals. So this is where I will be looking to buy.

Good luck and good trading!

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