Jerry wanted my thoughts on Garmin Ltd. (GRMN), NutriSystem Inc. (NTRI) and OMNI Energy Services Corp. (Nasdaq: OMNI):
The bulls can’t be happy with Friday’s trading as the market sold off on slightly higher volume and started to eat into the post-Fed rally. In fact, the Nasdaq is basically exactly where it was the minute the Fed statement was released. The Nasdaq 100 has given back all of its post-Fed gains and then some. The S&P and Dow are faring a little better but the people who bought into the Fed rally hype must be sweating right about now.
Here are charts of the indices as well as some of the better looking individual stock charts (all shorts) I found:
The Nasdaq has slipped back into the June trading range:
Here’s a chart of NutriSystem for Jerry. In addition to the notes on the chart the stock it trying to bounce off of the mid-July highs and trying to hold that July 27th gap…
Joey sure know how to pick ‘em. He sent in this message about two of the biggest gainers of 2005:
FORD has really taken off today and we are in blue skies territory. Another stock I like is NSI in blue skies territory. My chart request is on FORD. How much higher can FORD go? I have been in at 9 and out at 14 and back in since 15.
First, great job on the FORD trades! Perhaps I should be asking you where it’s going. 
I don’t know how high it can go but as long as it’s in that trend channel I’m a bull on it. I’d be concerned if it breaks out of the …
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