Amazon Turns In Star Performance

Editor's Note: Gary B. Smith's column runs exclusively on RealMoney.com; this is a special free look at his column. For a free trial subscription to RealMoney.com, click here. This article was published March 7 on RealMoney.

Boy, these are strange times, with the bulls and bears really fighting over this move. Along those lines, it should be noted that my friend Jim Rohrbach issued a buy for the Nasdaq two days ago. (He already had a buy out for the New York Stock Exchange.) On the other hand, my buddy Bob Drach ratcheted down to only 6% invested this past Saturday from a high of 80% invested last October.

Why the discrepancy? Different signals, obviously -- and different strategies. Jim is more of a "strong, getting stronger" investor, while Bob adheres to the "buy on weakness, sell into strength" philosophy.

Both have nice track records, so who should you trust? That's a decision you have to make on your own once you're comfortable with your own risk/reward profile.

Today's charts include the Nasdaq, the Nikkei, Amazon (AMZN Quote), Ultra Petroleum (UPL Quote), Verizon (VZ Quote), Zale (ZLC Quote) and FedEx (FDX Quote).

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And that is the final word from Pennsylvania Avenue, where no matter how many times I see it, the U.S. Capitol is one impressive building.