Market Talk with Piranha is currently moving to its new home at chrisperruna.com. The new site is up and running but many of the posts need editing as the images and stock charts did not transfer successfully (thanks blogger). I will post all new entries to both blogs – Thank you for your patience while I make this change!

Monday, January 30, 2006

MSW Stock Index on Fire

The MSW Index was busy today as 14 of the 27 stocks were up by 2% or more. For the day, the Index was up 1.33% but that includes the 5.95% drop in (HANS), a stock that I placed my sell at $95 and placed the MSW Index sell at $89.89 (our typical $60-$100 profit safety). Excluding the loss in (HANS), the index gained 1.62% (in addition to last week’s 4.65% gain. The fourteen stocks that moved ahead by 2% or more gained an average of 3.71% with True Religion (TRLG) leading the pack with a 7.52% gain.

The MSW energy stocks raced ahead with (GMXR) leading the pack with a 6.75% gain.
(UPL) was up 3.36%
(HYDL) was up 2.74%, did so on volume 151% larger than the 50-d m.a.
(HAL) was up 2.45%
(LUFK) was up 2.07%

The big winner from last week, Netlogic Microsystems (NETL), added another 2.48% on volume 139% larger than the 50-d m.a.

Finally, Under Armour (UARM) broke out above our buy zone of $40 with a 5.06% gain on volume only 19% larger than the 50-d m.a.

I will continue this analysis after I perform the typical “end of the day” research for tonight’s daily screen.

See you then,
Chris "Piranha"

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