Didn't get a chance to do much analysis today, but a quick scan of my report don't show anything significant.
Some update on my original forecast, though.
These two continued their down trend as forecast (2 days in a row now)
- CCJ: $27.85 Down, yesterday: $27.68 Down, actual: $27.42 Down
- WFR: $17.29 Down, yesterday: $16.75 Down, actual: $16.55 Down
The 3 that went the Contrarian route:
- CI: $28.31 Down, yesterday: $29.04 Up, actual: $28.60 Down but still up
- CVG: $10.09 Down, yesterday: $10.43 Up, actual: $10.43 Flat, still up
- UNH: $25.34 Down, yesterday: $25.80 Up, actual: $25.68 Down but still up
I'm going to reveal a little more of my analysis in future postings.
Tuesday, September 29, 2009
Monday, September 28, 2009
Market swing threw a curve
Well the market turned around and swung upwards. I only did 2 out of 5, horrible. Although I did predict the 2 downs in an up market, pretty interesting.
From yesterday:
- CCJ: $27.85 Down, actual: $27.68 Down
- CI: $28.31 Down, actual: $29.04 Up
- CVG: $10.09 Down, actual: $10.43 Up
- UNH: $25.34 Down, actual: $25.80 Up
- WFR: $17.29 Down, actual: $16.75 Down
So what could I learn? Poring over my analysis from previous post, I noticed a common pattern that explains why the 3 stocks in the middle went up. It's something called Contrarian Investment Theory.
Essentially CI, CVG and UNH these stocks had pretty much all indicators extremely bearish (over 98% bearish), playing very well into the Contrarian Investment Theory. I'll take note of this one for the future.
Another problem, both CI & UNH are in the same health care sector, so they swing together. Next time, I'll try to bucket them together to reflect the shared risk.
From yesterday:
- CCJ: $27.85 Down, actual: $27.68 Down
- CI: $28.31 Down, actual: $29.04 Up
- CVG: $10.09 Down, actual: $10.43 Up
- UNH: $25.34 Down, actual: $25.80 Up
- WFR: $17.29 Down, actual: $16.75 Down
So what could I learn? Poring over my analysis from previous post, I noticed a common pattern that explains why the 3 stocks in the middle went up. It's something called Contrarian Investment Theory.
Essentially CI, CVG and UNH these stocks had pretty much all indicators extremely bearish (over 98% bearish), playing very well into the Contrarian Investment Theory. I'll take note of this one for the future.
Another problem, both CI & UNH are in the same health care sector, so they swing together. Next time, I'll try to bucket them together to reflect the shared risk.
Sunday, September 27, 2009
First post
This is my first post on this blog. What this blog gives me is an outlet to my research into technical analysis and what it's saying about where certain stocks are predicted to head. I have been studying this field of study for a while and want to see how well my analysis is.
The plan is to publish this every night or every morning before the market starts. We'll see! I hope over time to improve the amount of details and accuracy.
Remember, I don't give any guarantee, these are results of my analysis. Feel free to do your own analysis and judgment call.
- CCJ: $27.85 Down
- CI: $28.31 Down
- CVG: $10.09 Down
- UNH: $25.34 Down
- WFR: $17.29 Down
The plan is to publish this every night or every morning before the market starts. We'll see! I hope over time to improve the amount of details and accuracy.
Remember, I don't give any guarantee, these are results of my analysis. Feel free to do your own analysis and judgment call.
- CCJ: $27.85 Down
- CI: $28.31 Down
- CVG: $10.09 Down
- UNH: $25.34 Down
- WFR: $17.29 Down
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