The Squeeze Is On

 | Jan 19, 2012 | 11:08 AM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

ftk

,

halo

We had some momentary weakness on a weaker-than-expected Philly Fed number, but earnings were solid and there isn't any rush to lock in profits yet. I suspect that the bears aren't inclined to jump in in front of tonight's major earnings reports.

From a strategic standpoint, it makes sense to fade strength on tonight's news since we'll be even more overbought, but there are plenty of overanxious bears who seem happy to serve as short-squeeze fodder.

I've been a net seller this morning, not because I'm bearish but because I'm being disciplined in locking in gains while I have them.

Recent favorites Flotek (FTK) and Halozyme Therapeutics (HALO) continue to run, but my methodology is to pare back when they have multiple up days.

We're hitting the highs of the day and the squeeze is on. There are plenty of reasons why this market should rest, but as I keep pointing out, these uptrends can be remarkably sticky to the upside. Even if you recognize that, it can be very challenging to find a supply of new buys.

Columnist Conversations

The next G-20 Summit Conference is approaching on Sept 4-5 in China, which is interesting if only because the ...
this stock had my eye earlier in the week, good RS here and we added today. this stock chart shows excel...
Looks like another listless day of trading to close out August which will go in the books as one of the least ...
A flight from Ft. Lauderdale, Florida to Santa Clara, Cuba today marks the first unrestricted flight from the ...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.