Second rally attempt fails
Posted: 22 Oct 2012
The selling of Thursday and Friday of last week killed the second rally attempt by the Nasdaq since it topped four weeks ago. Two weeks ago, we discussed the medium-term speculator moving to a generous cash position. At this stage, the comment holds.
Few growth stocks approach attractive entry points near the top of sideways basing patterns. Ryland (RYL) is one of a couple of builders which appear attractive technically. Other builders, such as PulteGroup (PHM) and KB Home (KBH) moved out last week and are a bit extended to allow for suitable entry.
The linked report offers charts of the few names that set up technically inside the growth complex. . . . To continue reading, please click here.
Fund Prices2024-04-18
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.27% |
| F | $18.62 | -0.30% | -3.14% |
| C | $78.45 | -0.21% | 5.50% |
| S | $76.12 | -0.20% | -1.27% |
| I | $40.67 | 0.02% | 1.21% |
| L2065 | $15.58 | -0.13% | 3.04% |
| L2060 | $15.58 | -0.13% | 3.04% |
| L2055 | $15.58 | -0.13% | 3.04% |
| L2050 | $31.35 | -0.13% | 2.44% |
| L2045 | $14.32 | -0.12% | 2.35% |
| L2040 | $52.37 | -0.11% | 2.29% |
| L2035 | $13.85 | -0.10% | 2.21% |
| L2030 | $46.21 | -0.09% | 2.15% |
| L2025 | $12.93 | -0.05% | 1.72% |
| Linc | $25.28 | -0.04% | 1.51% |