WEEKEND STOCK MARKET MASALA- 1JAN 2010

First of all I would like to wish everyone a Happy and a Prosperous New Year!!!!

I. WATCH LIST (SHORTS):

1. JAS: Chart looks like a bearish rising wedge. looking for a pullback to 20 EMA at 34

http://finviz.com/quote.ashx?t=jas&ty=c&ta=1&p=d

2. CENX- Overbought (daily RSI at 78 and weekly at 69). It is currently 45% above the 50 SMA!!! Looking for a pullback to 20 EMA at 14

3. GMCR- Overbought (daily RSI at 80 and weekly at 70). Hitting the resistance trendline and looking for a pullback to 65-67 by March 2010.

http://finviz.com/quote.ashx?t=gmcr&ty=c&ta=1&p=d

4. DTG, HTZ and CAR: These rental car stocks had huge gains in 2009. DTG went from 60 CENTS to 27 dollars and CAR went from 34 CENTS to 14 dollars in 2009. It looks like they have started to rollover. There should be some profit taking next week IMO.

DTG chart looks like a double top to me. The 26-27 area also acted as a huge resistance for DTG in 2002-2004.

CAR also looks like a double top. 14-15 area is a resistance zone as well.


II. A TASTE OF INDIAN CULTURE:

1. BHARATANATYAM- A TRADITIONAL SOUTH INDIAN DANCE

http://www.youtube.com/watch?v=prQOdTmF8u0&feature=related

http://www.youtube.com/watch?v=jctdyc2GqQE&feature=related

2. KHATAK- A NORTH INDIAN DANCE

http://www.youtube.com/watch?v=PM4o0GrheFI&feature=PlayList&p=63FB6F00E2478E52&index=0&playnext=1


3. BOLLYWOOD DANCE AND SONGS-

http://www.youtube.com/watch?v=Jfit3lK_xHs

http://www.youtube.com/watch?v=Rd1bcmdF4DI

http://www.youtube.com/watch?v=KkJQKIB0e8c

http://www.youtube.com/watch?v=rg74degIS3E

http://www.youtube.com/watch?v=fum37u4NCeI

http://www.youtube.com/watch?v=XLeb5EvAMOs

http://www.youtube.com/watch?v=jsv4oCWolgQ&feature=related

http://www.youtube.com/watch?v=sxvbWyr51bU&feature=fvw

4. SOME OF MY FAVORITE SONGS/INSTRUMENTAL

a. A.R. Rahman Songs-

http://www.youtube.com/watch?v=ELLKfJ7nqDA

http://www.youtube.com/watch?v=pGvU4fdVb-w&feature=fvw

http://www.youtube.com/watch?v=5U4WDIjbnpI

http://www.youtube.com/watch?v=3ayad-H6i_4&feature=related

http://www.youtube.com/watch?v=AngxwJooC9I&feature=related

http://www.youtube.com/watch?v=ftD3gDA-5S0 (INDIAN NATIONAL ANTHEM)

b. Ilayaraja Songs-

http://www.youtube.com/watch?v=OSWTgRMHP4Q&feature=related

http://www.youtube.com/watch?v=hND-f9zKGbE&feature=related

http://www.youtube.com/watch?v=0Lex86hSIy4&feature=related

http://www.youtube.com/watch?v=4x3o9jK6Mms&feature=related

http://www.youtube.com/watch?v=cr75sI4RQoI&feature=related