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In addition to the healthcare REITs that I discussed in this post yesterday, check out some other REITs below. You might also want to take a look at CYS and EXR.
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With the wild success of both Bull Durham (1988) and White Men Can’t Jump (1992), Writer/Director Ron Shelton illustrated that he has a great way of celebrating a specific athletic sport while also delving into the internal struggles of his main characters. Tin Cup (1996) represents another success in that line of films, where even non-golf enthusiasts can enjoy a riveting film (with a catchy theme song to boot).
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[youtube:http://www.youtube.com/watch?v=LbOG3N_tr7A 550 412]__________________________________
[youtube:http://www.youtube.com/watch?v=Tq0Agic51O0&feature=related 550 412] Comments »PPT Members Click Here for Industry Screen with Seasonality Feature
Tickers Mentioned: $CSA $HCA $HCN $HCP $HR $IYR $LTC $MPW $NHI $OHI $SBRA $UHT
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We are finishing this week up on a pretty bullish note, all things considered. When you think about the fact that on Monday the bears had a golden opportunity to commence a fresh leg lower only to get trapped for the rest of the week, it does suggest that the bulls may be gaining ground in a meaningful way going forward. We know where the battle lines are drawn, with the rising channel that I have been discussing on the S&P 500 daily chart. Those are levels to certainly look at going forward to gauge whether we are, in fact, going into a different market climate than we have seen over the past few months.
That said, I suspect the healthiest thing for the bulls to see here would be a few boring sessions early next week. Patterns are still a bit sloppy and loose on a bevy of daily charts, including the indices. So, bring on the boring and let’s tighten some charts up. Bears, of course, want to see a fast and furious reversal lower, led down by the lagging commodity stocks. I am trying to keep an open mind here, as I locked in a few winners inside 12631 yesterday and today, while trading around this market.
This remains a very challenging market, so don’t be too hard on yourself. Negativity is for losers, so if you make a bad trade try to learn from your mistakes and move on. Have a relaxing meal tonight and go have some fun.
See you guys later.
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I charted BAA last week as a potential breakout play, only to see it (along with the rest of the miners) lose ground and pull back from resistance. Just because a stock fails to initially break out, though, does not mean you should take it off your watchlist and chalk it up as a mistake for monitoring it in the first place. Instead, it is usually correct to continue to stalk the stock to see if it simply needed more time to consolidate before breaking out, as opposed to declaring it destitute. This is precisely the type of mental process of “making adjustments” that I described here and here. I am always seeking to refine a thesis when I believe it to be appropriate, as opposed to making a broad claim and sticking with it no matter what.
Fast forward a week later, and BAA is suddenly stabilizing again with the rest of the miners. Indeed, just because Banro failed to break out last week does not mean it is a loser. Just as one bad trade does not define a good trader who uses position sizing and loss- cutting techniques, one failed breakout should not define a stock that is still threatening to go much higher. Since refining my thesis last night that I expect the precious metals miners to outperform the metals themselves over the next few months, I am even more inclined to continue to stalk Banro for a bonafide breakout.
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