NASDAQ 100’s Top 7 Stocks Holding it Together
After watching the market tank this week I became very curious to find out what stocks if any were still holding up within the NASDAQ 100?
So I went through all 100 stocks in the index and pulled aside the stocks that were still trading within 10% of their 52-week price highs. I ended up with [...]
9 Great Gold and Silver Stocks To Watch
Last Monday I posted that the gold stock trend still lives not knowing that after the Fed decided to leave rates unchanged Gold and Silver stocks would take off. And wow did they take off.
Between Thursday and Friday alone Gold jumped a staggering 5.4% finishing the day Friday above $930. Goldcorp (GG) and Yamana Gold [...]
Stock Market Recap, June 26th 2008
Let’s see… what happened today… well the Dow broke below January lows shedding nearly 360 points, Research in Motion (RIMM) missed earnings guidance and tanked 13%, GM shares plunged to a 53 year low, and Oil closed at a record high $139.64.
The highlight of my day? Over at Yahoo Finance the 2nd featured article [...]
RIMM Earnings Miss, Market Futures Tank
This past Sunday I asked the question, Is RIMM Tech’s Last Breadth? It seems the answer may be “yes”.
NASDAQ futures have dropped heading into the market open tomorrow (Thursday) as the BlackBerry maker tanked after disappointing earnings.
Research in Motion (RIMM) reported after the market close and immediately free fell even after doubling its revenue to [...]
Fed Leaves Rates Unchanged, Market Fights For Direction
For the first time in ten meetings the Federal Reserve has not decided to cut interest rates. An expected result as rates then remain unchanged at 2%, but the market itself is not so sure how to react.
For those of you who are watching the market live right now you can see just how intense [...]
The Stock Code Site Review
JP and his partner Oliver have purchased a paid review of their new investment site, thestockcode.com. JP and Oliver are brothers who offer financial products that will take your portfolio to the next level and help you become a successful investor.
The Stock Code methodology is based on applying the very basic concept of supply and [...]
Weekly Market Commentary, June 24th 2008
Two weeks ago I discussed contrarian thinking. Most investors agree that the path to profits is achieved by taking an approach that differs from others. For this reason, most consider themselves contrarian by nature. However, taking a different approach does not make one a contrarian investor. The key is to take an approach that [...]
Market Irony, Recession News Sparks Rally
The consumer confidence report and new home sales came out today with horrific results yet the Dow and S&P 500 are actually even on the day. (Checks streamer again) No, make that green on the day. Is this just another example of crazy market irony?
It just doesn’t make sense how such, “doom and gloom” news [...]
The Gold Stocks Trend Lives
This is a stretch but nonetheless I find it interesting to see gold stocks still for the most part “alive” and kicking even after being off the radar for some three months or longer. Perhaps a better, “the glass is half full” title would be more realistic and say, “The gold trend has not yet [...]
Is RIMM Tech’s Last Breadth?
As the bears continue to consume all short term market sentiment the thought a spark of light that could signify hope is quite attractive. With Research in Motion (RIMM) earnings due out this upcoming week and the stock trading at new all time highs, could this be the saving grace for tech or the last [...]
WordPress Update 2.5.1
Using the free time on the weekend here to clean out the house and upgrade WordPress which powers this blog to version 2.5.1.
2.5.1 is the latest stable release and fixes a variety of bugs and provides top notch security. The control panel is completely renovated as well which is pretty interesting. I feel foreign to [...]
Market Woes Continue, Dow Nears January Lows
A short rally early in the week was quickly repelled as bears continue to hold the reigns and drive the market lower. All three indices finished the session and week today well in the red, trading on heavy distribution volume. Are multi-year lows around the corner?
The worst performing index continues to be the Dow Jones [...]
Oil New Highs Out Of The Picture?
Taking a closer look at the United States Oil Fund (USO) you can see today’s heavier volume bearish close right near session lows. Could this be the momentum to push oil out of the new highs striking range?
The ETF tracking the price of light sweet crude is still technically trading within the latest horizontal channel [...]
Coal Climax Run? Caution Flag Waves
What have been up more then 100% since April? Coal stocks. But, all the heavy hitters have reversed off early morning session highs today with increasingly heavy volume. It is time to wave the caution flag.
A climax run is when a leading stock opens the day at new highs and reverses on extremely heavy volume [...]
Covestor Comes Out Of Beta, Opens Site To Everyone
I am very excited to announce that as of today Covestor.com is now officially out of Beta and open to the world. You no longer need a broker link to register and anyone can start tracking the trades of the site’s proven self-directed investors.
Below you can see a screenshot of what the new fact sheet [...]
Steel Stocks Ready to Move
With Fertilizers, Coal, and Oil all in the spotlight it would be easy to overlook another hot commodity, Steel. The fact of the matter is though Steel stocks are just coming off key trendline support and are looking bullish.
This trend has been in play many, many, many times in the past here on the Stock [...]
Coal Stock Trend Returns Over 100% Since April
Since the most recent breakouts for Coal specific stocks returns have been as high as 165%. The latest breakouts for coal stocks came between April 2nd and April 4th, and only the sky has been the limit since.
Below you can see stock charts of James River Coal (JRCC), Alpha Natural Resources (ANR), Massey Energy (MEE), [...]
5 Ways to Improve Your 401k
With these trying financial times it can be daunting to even consider retirement. It may seem impossible to set aside anything from your paycheck for the future. But, it’s important that you take advantage of the resources available to you. Many companies are offering 401k plans to their [...]
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