Simple Bet Against the Market With QID
For the short term bear like myself I have trade you may find interesting – I am making a small bet that the NASDAQ 100 is not going to make higher highs and surpass 2051. It instead will trend back down to 1960ish.
QID is currently trading at $37.42 which is the ultra short ETF of [...]
Alternative Energy Break?
Update 9:53 AM EST: That doesn’t seem to be the case, FSLR is up 8.66%, SPWR 7.95%, and STP 6.69%. Talk about a early morning rebound…
Could this high flying trend need a temporary rest? Take a look at these charts of First Solar (FSLR), Sunpower (SPWR), and Suntech Power (STP) and see what you think.
Or, [...]
ANR For the Win, 7% Return in One Day
Thanks for the emails readers – for those who played ANR with me today you just walked away with roughly 7% on your money if you sell at the current price around $79. Not bad for a single days work huh?
The correct entry point on ANR was with the break of $74, my stop limit [...]
Shippers Finding Key Support?
A trend that has been out of favor for the last two weeks is shipping with leading stocks taking a breadth after some huge runs. Now coming off support are these stocks ready to roll once again?
I have the following stock charts here to show you: DryShips (DRYS), Genco Shipping (GNK), and Excel Maritime Shippers [...]
Momentum Play, ANR at $74.10
Real quick here before I head to bed I have a momentum play you may find of interest, Alpha Natural Resources (ANR). The stock is in my current favorite group, Alternative Energy which as you readers know has treated me well (LDK stock anyone?).
Place your stop limit buy order at $74.10 and if it hits [...]
Weekly Market Commentary, May 27th 2008
                I am always interested in what can be learned from reading financial statements. At their core, certain information must be discussed. A company will provide their financial results, accounting assumptions and various details about how their core business is operating. Outside of those numbers, management is given great latitude. Management is given the ability [...]
Fertilizers Struggle to Regain Momentum
Rough trading for Fertilizer leaders Potash (POT), CF Industries (CF), and Mosaic (MOS) stocks as short term they have struggled to gain some steam.
MOS and CF have now both fallen below their 50 day moving averages and back into their previous bases, bearish short term. This trend is an avoid for now.
The stock to watch [...]
What to do about Nucor
Nucor Corporation and its subsidiaries engage in the manufacture and sale of steel and steel products in North America. NUE is a tough stock to analyze in my opinion. It is in one of the leading industries in a horrible market, i.e. steel, yet its broken its longer term uptrend. The company recently announced another [...]
Shortcake ?
Well, how about shorting cheesecake factory, symbol : CAKE. The stock has been weakeaned by the overall economic downturn. Less people going out to eat due to higher gas prices and those chosing to dine out not going upscale restaurants is presumably the theory. Technically, the stock looks like its going lower. It recently gapped [...]
Birthday Festivities, The Big 22
I just got back from a surprise breakfast with my family (thans hunny) to find the NASDAQ down over 1% again today. For those like me sitting in 100% cash never has felt so good, read these posts and get yourself updated on what has transpired if you haven’t already:
Market Thoughts, May 22nd
Market Thoughts, Sunday [...]
Quick Market Update, May 22nd 2008
Regular readers should recall my post from this past Sunday, Proceed The Market With Caution. The red flags are now waving, and I am 100% cash as of yesterday.
For short term momentum traders like myself flowing with the overall market trend is very important. This may only be a short term correction but nonetheless is [...]
View My Trading Rules
Don’t know why I didn’t post my trading rules up before but nonetheless they are available now for viewing.
Every trader has their own set of rules that help them succeed each day, and these are mine. They are constantly updated and tweaked.
View my Trading Rules.
For future references a link is also displayed at the top [...]
14% Return in Three Days, Thank You LDK
Alternative Energy Stocks are back and they continue to turn big profits for those who know how to play the trend. For me that meant buying L D K Solar (LDK) on Monday and selling it today for a $5.36 profit.
The first fact is that oil is continuing to climb, and as long as demand [...]
Weekly Market Commentary, May 20th 2008
                At times, investing is easy. Identify the primary trend, position your portfolio and wait for the returns to flow. Other times, we are left with many unanswered questions that only resolve themselves over long periods of time. While I prefer a simple, trending market, that is not what we are facing. Instead, investors are [...]
Alternative Energy Stocks Turning Big Profits
Where were you on April 8th when I posted, Alternative Energy Stocks Back in Focus. For those who haven’t been watching this trend develop, the opportunities to maximize your money have been simply huge.
Updating the featured stocks from that post:
FSLR $272.75, now $295.90 (+8.5%)
MEE $48.01, now $63.65 (+32.58%)
LDK $31.91, now $40 (+25.35%)
CSIQ $23.93, now $43.08 [...]
$900 Gold Bars Are Back
Get in while its still cheap, or is Gold still too expensive?
Bulls say:
Gold is starting its treck back to $1000 and if you aren’t buying now you will be buying later. The heavy volume move Friday puts Gold not only back at $900 but also above the key bearish trendline that has formed since its [...]
Proceed The Market With Caution
This makes me nervous, I can’t stand long term trend lines acting as resistance…
Check out this chart of the NASDAQ Composite and you will see what I mean. In this daily view we have both the 200 day moving average and the lows of 11/26/07 to deal with.
A heavy volume break and close above 2540 [...]
DRYS Stock Run Continues
Dryships (DRYS) has not slowed down since it hit my buy point of $88.20 on May 2nd, closing Friday at $110.74. View the original Dryships stock breakout.
This puts DRYS up 25.6% in only 11 trading days, an impressive feat.
Looking ahead the drybulk commodities shipping trend should only continue to escalate into epic proportions. Stocks like [...]