mark minervini的 weekly commentary

nubinca

Over the past several weeks our Tier 1 Buy Alert List has expanded significantly, which is certainly a good sign and a definite step in the right direction. The overall market has also performed well during the past couple of weeks however; the real test will likey come at the 1131 level on the S&P 500 and the 2341 level on the NASDAQ Composite. Both levels have proved difficult to penetrate for the broad market.

Not withstanding short-term pullbacks, my feeling is the NASDAQ Composite may have a bit more to go on the upside before any significant profit taking comes in; the 200-day moving average is most likely its next stop and perhaps a shot at the 2310-2341 level.

This past week we added a few more long positions to our portfolio. Our holdings have held up relatively well since we initiated our purchases with MDCO and LVS turning in the best performances so far. Our strategy at this point is to take longs as they set-up and ONLY increase exposure on the heels of successful trades. If we begin to have difficulty via excessive stop losses getting hit, we stand ready to quickly cut back our exposure.

The proliferation of constructive price set-ups and the recent surge in our buy list gives us confidence to buy select situations. Success in the form of backlogged profits and the emergence of additional set-ups will result in an even more aggressive posture on the long side. Until then, we remain very selective, taking smaller than normal positions.

A few of our current holdings that have not yet advanced much from our purchase prices including ROVI, COHR, EDU, AGP, HRC and KEI are still set-up constructively. This may give us an opportunity to increase our exposure in these names.

The underlying current of the market has steadily improved however; keep in mind, the overall market as measured by broad indexes such as the Russell 2000 and the NASDAQ Composite remain in a primary downtrend.

It’s important to remain patient and disciplined. If in fact the market has indeed bottomed, there will be sufficient time to position your portfolio to take advantage of a primary uptrend that would likely persist and provide ample opportunities for many months during the next bull market.

他的目标是nasdaq 2310-2341, 比我的要bullish很多. 希望他是正确的:)

slowstep

thanks for sharing