Charting the Bull's Next Move 6-4-07 Portfolio - Stockpickr! Your Source for Stock Ideas

Charting the Bull's Next Move 6-4-07

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Date updated:06-03-2007

From Barron's 6-4-07:

"The market is full of frustrated bears," says John Roque, senior technical analyst at Natexis Bleichroeder, a New York-based investment dealer. "But they're not going to get any satisfaction anytime soon, even if this market is equally full of dissatisfied bulls. No one is running around waving their hands in the air and yelling "yippee" in excitement" in response to the market's big gains this spring.

Yes, the technical analysts -- those folks who scrutinize price charts and trading volume in search of clues as to which market, industry group or stock is poised to generate outsize returns or tank -- are no more ready to return to the irrational exuberance of a decade ago than their counterparts, the fundamental analysts. Both camps, it seems, are united in a wary acceptance of the market's recent gains."

Rich Acampoa, who trades at Knight Equity Markets using charts, is bullish on Xerox, Schering Plough, Qwest Communications, Verizon Communications.

XRX
Xerox Corp
$7.02
0.00%
$6.92

No Analysis added

People owning XRX also tend to own: SIRI YHOO AAPL AMX CCJ CHL CSX

TheStreet.com Rating: C What is this?

SGP
Schering-plough C
$24.60
0.00%
$24.50

No Analysis added

People owning SGP also tend to own: AAPL AMGN GE ANN AUY BAC BHI

TheStreet.com Rating: C+ What is this?

Q
Qwest Communicati
$4.47
0.00%
$4.28

No Analysis added

People owning Q also tend to own: AEP AMP AOC CAG CSX EIX F

TheStreet.com Rating: C What is this?

VZ
Verizon Communica
$29.57
0.00%
$29.30

No Analysis added

People owning VZ also tend to own: AA AIG IBM INTC JNJ JPM KO

TheStreet.com Rating: B- What is this?

SBUX
Starbucks Corpora
$14.82
-0.67%
$14.78

Rich is bearish on Starbucks and Whole Foods

People owning SBUX also tend to own: AAPL BRCM BTU CCJ CNQ CTRP GG

TheStreet.com Rating: C- What is this?

WFMI
Whole Foods Marke
$20.73
+1.82%
$20.14

No Analysis added

People owning WFMI also tend to own: AIG AXP AXS BBBY BRK-A BRK-B BRO

TheStreet.com Rating: C What is this?

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