Monday, April 30, 2007

Market Recap

A weak end to the month of April. I suppose traderr were trying to get a jump start on the 'Sell in May' theory.

Todays Biggest Winners
  • Nondurable household goods
  • Household Goods
  • Electronic office equipement
  • Personal Products
  • Computer Service

Todays Biggest losers
  • Hotels
  • Tires
  • Trucking
  • Forestry
  • Metals

Circuit city is getting a haircut to the tune of 10% in after hours after warning on sales and potential losses.

The Shanghai composite has another 10-15% of upside before it falls apart according to some studies I have looked at. I expect global markets to go the way of Shanghai. Possibly sometime in late May after the Memorial Day weekend.

Two stocks I want to own in May are KO and MAT. Coca Cola and Mattel tend to outperform in May a good 90% of times.

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