Stock markets are not in good position for new strong rally. They are much more poised for further declines.

But every decline will have correction moves up. Now could be time for such small move up. This move up could be used to go long with some very strong stocks. I noticed these 3 biotechnology stocks which are looking very well: GILD, GENZ and MATK. I am thinking about entering long swing trades and also position trades in these stocks

Btw. Nice drop today was in consumer services ETF (XLY) I mentioned in previous post…

This entry was posted on Thursday, January 3rd, 2008 at 12:39 am and is filed under General, Stock market comment, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.