Zacks' Voice of the People highlights opportunities with Lexmark International, DaVita and SanDisk

For Immediate Release

Chicago, IL – 11/07/2011 – Zacks highlights commentary from People and Picks Trader “TickerBandit”.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

It's Raining Steadily Now...

...  OK so we've had a nice rally and the broader market weaken even as it happened.  This suggests that weakness continues.  Up to now, the divergence of the broad market suggests the weakness that is forecast will be in the context of a "bull market correction retest" and that new highs will follow this retest.

Other indicators suggest that this retest will be significant and stands above neutral probability of trading at or below the early October low.  Notably, the VIX indicates the market anticipates a great deal of volatility and it has persisted in this condition.  Some sentiment indicators indicate that a trend in bullishness is inconsistent with a bona fide wall of worry. 

The situation is this.  There presently exists a very low likelihood of continuation of the present rally.  Furthermore, the weakness is likely a tradable event.  So I think one should significantly reduce exposure to equity.  I am presently at a very low level of exposure having finished divesting positions yesterday and some this morning.

Given developments in sentiment and breadth divergence, I think one can abstain from re-entry until an upside reversal event for tradable gains.  In essence, I am telling you to exercise caution buying weakness because the present status of prices is that Bear Market thresholds in divergence are not significantly improbable and presently suggest neutral probability (which IMO is not enough to be brazen and cocky about buying weakness).   

Happy Trading, TB

The most recent picks by «TickerBandit» are:
A buy rating on Lexmark International (LXK - Analyst Report),
a buy rating on DaVita (DVA - Analyst Report) and
a buy rating on SanDisk (SNDK - Analyst Report).

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Read the full analyst report on LXK

Read the full analyst report on DVA

Read the full analyst report on SNDK