October 29, 2004

Ugly Picks

The image “http://www.arrove.com/logo.gif” cannot be displayed, because it contains errors.IPMT broke out to a new all-time high and looks to run further - why would it stop now?
CITY made a new 4-year high and may be worth watching.
RIN, of the building materials sector, looks like it has started a nice steady up trend.
NVI has been very strong for the last couple of years, how much higher can it go?
BG has been making new all-time highs. It would be a buy at its 30-week moving average.
ARDNA has practically gone up for the last 20 years and is now at the magical round number $100. Very low liquidity and low float - with a lot of insider ownership. The food retailers sector is weak, though.

Although the trend of the Nasdaq since August is up, the one-year trend is down. Both trends are now colliding and the dominate trend will win. If the Nasdaq breaks over 2000 - the up trend wins, if it drops below 1900 - the down trend wins.

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