Stocks to watch
Longs
PX,GTLS,MANT,TRA,VMI,LUV,SAI,DNA,BTM,PBR,HES,LNN
Shorts
GRMN,CMED,RIG
Made the right call on DRYS,EXM but they gapped down and gapped down big. Probably had a chance to get in when they recovered a bit this afternoon, but did not have the stomach for it.
The market is hitting oversold territory and it might be a good idea to keep a good long list. However, note that we have had interest rate hikes in China, India, South Africa, that does not bode well to emerging markets that have led the way.
Of all the BRIC countries, Brazil has held up well along with Russia. EWZ has seen a 10% pullback and I plan to get in at the $82-85 region. RSX actually looks good at the current with a stop at 53.
PX,GTLS,MANT,TRA,VMI,LUV,SAI,DNA,BTM,PBR,HES,LNN
Shorts
GRMN,CMED,RIG
Made the right call on DRYS,EXM but they gapped down and gapped down big. Probably had a chance to get in when they recovered a bit this afternoon, but did not have the stomach for it.
The market is hitting oversold territory and it might be a good idea to keep a good long list. However, note that we have had interest rate hikes in China, India, South Africa, that does not bode well to emerging markets that have led the way.
Of all the BRIC countries, Brazil has held up well along with Russia. EWZ has seen a 10% pullback and I plan to get in at the $82-85 region. RSX actually looks good at the current with a stop at 53.
Labels: STOCKLIST
posted by Rajaram Pai at 4:33 AM
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