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David Zanoni
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David Zanoni is the owner of startbuildingit.com. He is a graduate of Rutgers University with a B.S. in Management. He is an independent long term investor of quality stocks and uses options for strategy. David believes in the power of innovation, capitalism, and the characteristics of the... More
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StartBuildingIt.com
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  • Top 5 Gainers for 2/17/2010
    Top 5 Gainers for 2/17/2010

    1. PACR - Pacer International up 28.7% after reporting solid Q4 profits.

    2. GRAN - Bank of Granite up 26.3%

    3. UCTT - Ultra Clean Holdings up 25.4% after their Q4 earnings release

    4. PERY - Perry Ellis up 21.4% on their optimistic earnings projections for 2010-2011

    5. LUNA - Luna Innovations up 19.6%

    Feb 17 9:32 PM | Link | Comment!
  • S&P below 50 day moving average
    I'm interested to see what happens next in the overall markets, since the Dow, S&P and Nasdaq fell below their 50 day moving averages. They fell significantly below their 50 day moving averages in July and again in October before going higher each time.  So, it should be interesting to see if we continue to go lower or make a climb higher.  I'm leaning toward the markets going lower this time, but I will see what happens this coming week before jumping on a new directional position.
    Jan 23 12:56 PM | Link | Comment!
  • Market is temporarily overbought
    According to the RSI and stochastic oscillators, the S&P is overbought.  I would expect a correction lasting a few days to a week.  Any hiccups during earnings season will surely fuel a little selling.  I would also expect the dollar to show some strength and commodities to sell off a little during this time.   Look to pick up some commodity stocks after the sell-off.
    Jan 11 9:55 PM | Link | Comment!
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