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The Growth Stock Investor is a trader/investor who applies a fusion of fundamental, technical, and quantitative strategies for market timing, growth stock selection, and risk management.
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  • S&P 100 Quick Review (1 of 10) 0 comments
    Jan 24, 2011 6:25 PM | about stocks: AA, AVP, AMGN, AMZN, BA, AAPL, ABT, ALL, AEP, AXP
    The following is a review of the S&P 100 to show the technical state of the markets and stocks. The price points indicated are for investing, not trading, so more room is given in stops.

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    Alcoa
    ($AA) is finishing a mid markup base in which it has settled on top of the support line. Its a buy with a stop below $13

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    Apple
    ($AAPL) is in a the late markup stage with slight signs of distribution starting to take place. We see decreased volume on the last rally along with weakening RSI and bearish reversal candles in recent weeks. Apple is a hold with a stop around $297.50

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    Abbott
    Labratories ($ABT) has been range bound for quite some time. The weak relative Strength leads me to think that Abbott will most likely decline. $ABT for a sell below $47.

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    American Electric Power Company
    ($AEP) is fairly weak considering the market we have had over the previous months. However, I don't see any signs of distribution, and the stock is not overbought like many, so I consider it a hold with a stop below $35.

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    Allstate
    ($ALL) has a steadily declining Relative Strength line as well as more down volume than up volume. Hovering around its 30 SMA, I would leave this stock along with a possible short below $28.

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    Amgen
    ($AMGN) has been coiling in an orderly fashion, and may be poised for a longer term trend to emerge... upwards. I would go long the stock above $59.

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    Amazon ($AMZN) has been trending upwards for quite some time, and may be near the end of its markup stage. I see a crashing RSI and volume no longer backing the rally. Without actual distribution present, $AMZN is a hold, selling below $155

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    Avon
    ($AVP) is exceptionally weak, not even able to rally as almost every other stock has. RSI is holding in bearish territory during a very strong advance. Avon looks like a short below $28.

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    The next stock, representing financials, looks very weak. With a large amounts of volume leaving the stock during this sideways move, it appears to be a distribution pattern in we see in American Express ($AXP). Sell this holding unless it makes new highs on good volume.

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    Boeing
    ($BA) is neutral. It has been developing a sideways consolidation after a decent market up since March of 2009. However, with the decling RS line and weak RSI, I am leaning towards shorting resistance here.

    Growth Stock Investor

    Themes: Market Analysis Stocks: AA, AVP, AMGN, AMZN, BA, AAPL, ABT, ALL, AEP, AXP
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