Q1 2006 Review
OK, bulls, you win. This quarter goes to you. Cheers.
The approximate gains in the major U.S. averages for Q1 2006 were:
S&P 500 +3.75%
Dow 30 Industrials +3.65%
Russell 2000 (the huge winner) +13.6%
Nasdaq 100 +3.55%
Nasdaq Composite +6%
I looked at the past quarter of my blog (my God, I spit out a lot of charts!) and thought I'd share an equal number of bad and good suggestions. I'll get the nasty ones out of the way first.....click on the links to see either the chart or the posting:
The Flops
- Short Russell 2000 (symbol IWM) on 1/9 - this index just kept roaring!
- Short NutriSystem (NTRI) on 2/7 - it just keeps gathering strength!
- Short Coldwater (CWTR) on 2/24 - amazing earnings blowout
- Short Harrahs (HET) 2/24 - regained its footing
- Short Hansen Natural (HANS) 3/7 - this stock is unbelievable
- Short Phelps Dodge (PD) 3/20 - brokerage recommendation zapped this
- Calling Market Tops - OK, I think I'd better be more patient!
The Winners
- Buy ASYT 1/4 - this stock is up 65% since my posting
- Short GOOG 1/24 - buyers of puts made a huge killing
- Short OIH 2/8 - textbook perfect H&S
- Buy GOOG on 2/14 - it's been up ever since
- Short AAPL 2/17 - went up a touch, then whammo
- Short ADSK 3/1 - absolutely perfect timing
- Short UTH 3/20 - utilities have behaved precisely as I predicted
4 comments:
Maybe maybe not. The only thing that matters at the end of the day is being on the right side of the trade regardless of the position.
The candlesticks this evening appear to be foreshadowing a rise on Monday. I hope everyone is positioned for that eventuality.
Signs of an intermittent bottom on the DJIA have begun to appear. Its going to gather momentum to try and break out of the 11350-11450 range to unchartered warters.
In the pithy words of John Wheatcroft: Maybe. Maybe not.
This is a great site - keep up the good work Tim.
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