Stocks to watch before open Monday

The tech stocks are getting a boost from a few major companies, (IBM) and (HPQ). Both announced better than expected earnings to come. Looks like these big cap international tech companies will provide the short term base support for the market.

If I want buy any today, stick with these two names, forget the smaller stocks in this kind of unstable markets.

The Market is in Down Trend

Even though we had a good day yesterday, I believe the market is in the downtrend. Tech heavy Nasdaq still shows major weaknesses among the chip sectors, solar, and the high flyers of last year. Unless we can see the follow-thru from the yesterday strength with heavier volume, otherwise some traders will sell into strength again.

Hold tight and sit with cash and wait for opportunities to come. Join me at my new Money Talk forum at http://moneytalk.go4reward.com.

Market is in Bear Mode Now!

With Nasdaq getting its 9th straight loss, and it has already sank over 9% for the year 2008, the market is looking tiring now. Every time it goes up, it hits with a lot of sellings. We are in the bear market now. Like Cramer says: "Don't Buy! Don't Buy! Don't Buy! Don't Buy!"
Down volumes are getting heavier and heavier. I would use any up day opportunities to get out of the longs I have. Stay with cash for now, Cash is the King!
Post your market view at http://moneytalk.go4reward.com.

New Investment Forum Started.

By many requests from my users, I have started a new stock forum at http://moneytalk.go4reward.com. So I can better interact with my loyal readers. The forum is intended for stock investors. Come join us at http://moneytalk.go4reward.com.