Good morning and welcome the yo-yo trading of January 2009. As we have been saying over the past two months we believe the market has put in a near term bottom. The only question now is, do we just back and fill until the whole street pulls its hair out? Possibly, but at Fusion Analytics we attempt to take some of the emotion out of the market and stock direction questions.
As you saw with the research piece we sent out yesterday, FusionIQ Statistical Review, we have been seeing positive movements in a few metrics (these charts are also show on the last page of the morning notes). This supports our thesis that a solid tradable rally may be in the offing. We continue to look for names that have held up strong in this market as well as ones that may have a few catalysts to help them along.
On a side note, our published research ended the year 2008 with an average return of +8% vs. the S&P 500 down almost 40%. These reports as well as short term trades can help you increase alpha. We shall be sending out that review today or tomorrow.
Just a few names we have liked recently (some are on our recommended list, others are shorter term trades...also some or all may be held by private managed accounts):
AVAV; RGLD; HTS; EMS
If you have any questions on any of these or other names, or would like some sector specific screening done for you, please let us know.
posted by Peter Greene
10 Weekend Reads
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