Today in the market, Thursday April 17, 2008: Earnings news sent stocks down for most of the day, but they managed to fight back and end mostly unchanged for the day. Its just part of a healthy digestion process necessary for it to move higher.
RSI’s Themes: There were no ETF/CEF picks and only six stocks with no new names. So I would say these are slim pickings. Maybe there is a slight tilt towards energy. I bought some SJT today.
Stocks Medium Volatility:
- HOS – Hornbeck Offshore Services Inc.
- NKE – Nike Inc.
- ORB – Orbital Sciences Corp.
- SJT – San Juan Basin Royalty Trust
- VIV – Vivo Participacoes S.A.
- WW – Watson Wyatt & Co.
Despite the slim pickings there are some great companies represented here. Just think, of the tens of thousands of stocks and ADRs traded on the US exchanges only these six companies were picked by RSI. These are the chosen few.
Catch a Falling Knife:
- RKH – Bank Regional Holders
Yes indeed this is a true falling knife. I guess someday the regional banks will recover and be on their way again. Time will tell….
