Tuesday, April 10, 2007

Market at new highs again

Market made new highs. Along the way, i managed to grab a few counters on the way up. It was a fantastic Monday where market went up at least 50 points. However my counters did not move. Infact they moved last 2 weeks and this week they simply rested. This is a sign of rotation. It seems like market is rotating it's way up. Properties, Hotels, Banks, ChinaStocks, Energy alternatives, Constructions took their turn. Tech stocks to move next??? Water stocks maybe? Somehow there seems to be positive newsflow coming from that sector. Also to note, penny stock are hogging the top volume. It will be rewarding if you picked the right one and it can easily double in value.

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