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xcglider
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Self-employed Chemical Engineer, P.E.; B.S. Chemical Engineering, University of California, Berkeley; MBA in managerial economics and finance, Western Washington University. Current investing style is investing, as well as swing trading with technical low entry points, into a pool of high risk,... More
  • Technical Market Waiting For Election?? 0 comments
    Oct 25, 2012 7:41 AM

    Just a short note here on my thinking....I would appreciate feedback. Most of the stocks in my portfolio of current holdings have retreated to (or very near) the technical entry points where I bought into them. I hold ten stocks currently and it seems very technical that most would be at or near entry points. It looks like Mr. Market has decided to set itself up for the election? These stocks are mostly small to mid caps and are considered high growth and thus high risk/beta. The only special case one, VRNG is still well above entry point but this one is not indicative of my thoughts. I have not noticed such a strong coincidence before on this portfolio. The stocks were usually at different stages of their market swings.

    Could be an ominous sign? It looks like we are waiting to go up/down from here (I know....a stupid observation) but it just feels like it may be a negative break coming our way. If they break below current levels I will be a seller. Any thoughts to share?

    xcglider

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