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.

symbol name last price % change open
  • +
  • XRX
    Xerox Cp
  • $7.79
  • -1.52%
  • $7.67

No Analysis added

People owning XRX also tend to own: SIRIYHOOAAPLAMXCCJCHLCSX

TheStreet.com Rating: C What is this?

  • +
  • SGP
    Sgp
  • $0.00
  • N/A
  • $N/A

No Analysis added

People owning SGP also tend to own: AMGNAPABACCCOPCVXDOW

TheStreet.com Rating: No Rating What is this?

  • +
  • Q
    Qwest Comm Intl I
  • $3.80
  • -2.81%
  • $3.82

No Analysis added

People owning Q also tend to own: ABMCOSTINFOJASLMTNOCRTN

TheStreet.com Rating: C What is this?

  • +
  • VZ
    Verizon Commun
  • $31.63
  • -1.25%
  • $31.51

No Analysis added

People owning VZ also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: B- What is this?

  • +
  • SBUX
    Starbucks Corpora
  • $21.43
  • -1.79%
  • $21.05

Rich is bearish on Starbucks and Whole Foods

People owning SBUX also tend to own: AAPLBRCMBTUCCJCNQCTRPGG

TheStreet.com Rating: B- What is this?

  • +
  • WFMI
    Whole Foods Marke
  • $25.90
  • -2.23%
  • $25.94

No Analysis added

People owning WFMI also tend to own: CSHCTRPJNJLGBTLVSMKLQMAR

TheStreet.com Rating: C What is this?

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