Monday, January 23, 2006

Monday 1/23/2006

Indexes
NASDAQ closes second day under the 50 dma, while NYA stays above 50 dma.

Highlights
KNOL- up 3%
PRPX - up 8% on heavy volume.
RTSX - up 4%, after bouncing off the 200 dma on Friday. This one should be watched, as a close below the 200dma would be a major negative.

LOWLIGHTS
ACAD- down 4% with a close below the 50dma
STAK - down 3% closing below the 50dma.

NOTES
Don't like the fact that the NASDAQ was not able to rally above the 50dma today. This index led on the way up and is now leading the way down. Good time to be defensive

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+15%), CBG(+62%), CONN(+126%), KNOL (-4%), LAZ(+18%), MPWRE(+29%) , NURO(+140%), NSTC (+4%), PRPX(+80%), RTSX(+56%),SEAB(0%), STAK(+31%), WSSI(+26%)

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