You ever go through one of those periods in your life where you and everything around you seem to be in one big funk? You know, you just can't seem to get any traction going?
That's where I'm at right now. Funkville. In fact, I'm the Mayor of Funkville. The market? Funky. My trading? Funky. Shoot, even my kid's swimming ... funky!
So, here's what I'm going to do. I'm going to grab a
Pale Ale (gotta love that bitterness!) out of the fridge, pull a chair up on the deck, and just sit back and revel in my funkiness! I'm going to enjoy my state of "things just not going that smoothly!" I'm going to preside over my little domain of Funkdom! And, I'm going to wait until the market comes to me, because if I've learned one thing and one thing only, it's to wait for my pitch. So, I'm going to wait!
But, while I'm waiting, I can certainly look at a handful of charts. But, keep in mind, these come directly from the home office in Funksylvania, so who knows how accurate they are! Want to join me? Feeling out of it yourself? Hey brother, we've all been there, so send me a note at
email@example.com. I welcome your company.
Whoops, almost forgot: The answer to
last week's triva question is two. That is, how many world-record holders are on the Curl-Burke Swim Club. (Tom Dolan and Ed Moses for you real swim nuts!)
Can Sony's Support Hold?Gary: My husband has been hanging on to Sony (SNE) - Get Report since the high of 315. The chart looks really nasty now, don't you think? Evy Bothwell A Weak Pulse at GuidantGary: I am a cardiologist who is a great believer in Guidant (GDT) . However, though the fundamentals of this company are sound, it has been in congestion for a long time. I would very much appreciate a technical reading on it as we rarely get to talk about the medical device group in this forum. Pramod Kadambi
Ericsson Has a ShotGary: How about going international and look at the chart of Ericsson (ERICY) ? Louis Falcone
A Switch HitterGary: How about some TranSwitch (TXCC) ? W. Glenn Biggs
Amgen: Hoping for a CureGary: I am a long Amgen (AMGN) - Get Report and would be interested in your opinion. My research tells me that the fundamentals are still strong, but I do not know a lot about TA. Peter Schmidt
Halliburton: That's No Dog!Gary: I'd like you to take a look at the chart for Halliburton (HAL) - Get Report. I've owned this stock for a dog's age and it's been in a trading range for six months now. It looks like it's finally breaking out to the upside on heavy volume. What's your prognosis of this puppy? Tony Haddad
Excelera's Looking Weak Gary: Could I trouble you for your take on Xcelera (XLA) ? Ray Stroup
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide Investment advice or recommendations, he welcomes your feedback at