BOT. Recommended this 10+ points ago, it filled a former gap, earnings cleared, so I think buying more is appropriate. Gold fell strongly, let's see how it does in the next few days, it has been quite volatile in the past few days. Still neutral/bearish bias on the indices. Last time I went totally bearish was a total disaster, so I'll be more careful this time . UAUA still needs another strong day as confirmation. I'll post more later on if I can find anything.
any specific picks for the following weeK? are you reasons for picking stocks technical or news based?
BOT . I'm on the lookout for more. I'm technically based, I mainly use a top-down approach. When the market is bullish, I look for buys(explains why I'm lazy to do much research recently since the market direction is very unclear) I do use fundamental analysis for different stocks. I don't trade on news, but when sentiment/hype is excessive, I look for a top(which is sometimes shortterm) like oil recently. I use chart patterns, volume and a few other auxiliary indicators.
So I was offmark with my bullish prediction. Spot gold at 546, I think it will bottom now. http://www.netdania.com/ChartApplet.asp "Instruments" "Gold spot" The indicators indicate a bottom. Let's see if I'm right.
BOT seems more bullish by the day, filling the gap and a flag. Oil is down. Let's see how gold does in the next few days. ACOR doesn't seem to be doing well :-\, I'll give it one more day.