Markets are trying to move UP from its double bottom on Friday......
Markets can test support only so many times and ...starts looking ahead.....
This time....IBM report will go down in market history ..as the pivotal "turn in the markets"
NO...it is NOT a straight line UP...but a FIRM bottom has formed......
Now...it is going to be all about CONVICTION & Stock Picking Talent.....
End of 2008 looks extremely bright from % GAIN point of view......
Lot of stocks are struggling today also in an UP market......I have couple of them also...but it MAY be due to sector weakness...so evaluate carefully with focus on FA TREND for 2009.....
In my portfolio :
MA went all the way down to $173.54...hopefully...that will be the LOW...down 76 cents....
LDK is going down with sector based on negative news from SOLF on Friday AM about its procurement of polysilicon...which SOLF is predicting LOWER than previously announced...NO such issue with LDK......BUT..BUT..BUT it is down $1.16...getting ready to cross ABOVE 50DMA ?????......
AKNS down 63 cents...after holding FIRM on Friday.......
AGU is UP $2.30...giving support to my portfolio....all Ag are "flying again"
@11.38 AM the following are green :
SOHU,AAPL,RIMM,BIDU,BRCM,DELL,SNDK,VMW,POT,
CTRP,CMED (new all-time high),NVDA,NYX,AUY,ABX,
ISRG,WFR,GOOG,FMCN,STP,NTES,LRCX,HPQ,NVTL.
BLOG does NOT give buy or sell.
Saleem
CSIQ is UP 33 cents....bucking the trend....
SALEEM
ReplyDeleteAnother great forcast-thanks for your take on the market. I know that when you can not see the forrest for the trees, then you need some one to point the way
thanks!!!!
MA fallen and it can't get up. MA has been such a disapointment. It should come back RSI is 31.
I sure hope this is no head fake.
Peace to all
Madmax
Hi Madmax,
ReplyDeleteMA is WEAK today also.....NOT very encouraging.
Thanks for your appreciation of my take.
Saleem
Entire Solar sector is down... maybe some consolidation is going on, it will trend higher for sure, just wait it out...
ReplyDeleteHi Troy,
ReplyDeleteSolar growth is a 20 year trend worldwide......
We are @ a starting point now.
Conviction & patience will pay off handsomely.
Saleem
Saleem, I completely agree with you... patience is the key with solar stocks.
ReplyDeleteGuys check out TITN another good Agri stocks, I got in @ 17 and is going up nicely..!!
ReplyDeleteHi Troy,
ReplyDeleteThanks for highlighting TITN..as another Ag play....
Saleem
HELLO all: TITN:
ReplyDeleteHere are some facts about the AGR paly Titan Machinery, Inc. owns and operates a network of full service agricultural and construction equipment stores in North America. It operates as the retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland agriculture, case construction, and construction equipment in the United States. The company also sells and rents agricultural and construction equipment, sells parts, and serves the equipment operating in the areas surrounding its stores. Its sells and services various agricultural equipment, including application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors. The company also offers various construction equipment, such as articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, and wheel loaders for use commercial and residential construction, road and highway construction, and mining applications. Its customers include farmers, construction contractors, public utilities, municipalities, and maintenance contractors. As of August 17, 2007, the company operated 34 full service agricultural and construction equipment stores and 2 outlet stores in North Dakota, Minnesota, Iowa, and South Dakota. Titan Machinery, Inc. was founded in 1980 and is headquartered in Fargo, North Dakota.
Enjoy
Madmax
madmax, what do you think of TITN based on your analysis
ReplyDeleteTROY
ReplyDeleteI would not chase TITN here! IBD gives the following
99 99 D A N/A an overall C+ rating--that is far from an endorsement and it RSI is over 76 pretty entended. It is also well above hte top Bollinger Band--means that it is over extended also.
If you have it already PUT a tight stop under it or take your profit by at least 50%. I can see this one reversing real quick--ouch.
Good Luck It is not for me
I got LDK, AKNS, CSIQ, AGU, NYX and a little of MA. THis market is not settled down yet to take on risks!
Good LUck
Madmax
Saleem,
ReplyDeleteHave any thoughts on IDXX? Here is IH buy watch: P.S. they have not entered as of yet.
Play Date: 01/12/2008
IDXX (Idexx Labs--$59.82; -0.57; optionable): Food and water testing, veterinary products
http://biz.yahoo.com/p/i/idxx.html
EARNINGS: Late January
STATUS: Cup. After a nice breakout in late June and a run through mid-November IDXX needed some consolidation and it is currently working on a 10 week base at the 90 day SMA (58.91). It split in late November, and it needed to absorb those shares as well. It has done a great job, working in a very orderly pattern with a rounded bottom (yes, they are nice in stock patterns as well) and is just starting to move up off of that bottom. Volume has spiked up above average on the upside sessions the past week, and that tells us there are buyers accumulating shares. Ready to move in as it breaks higher. Great stock in a great sector for this more defensive market.
Volume: 433.956K Avg Volume: 312.697K
BUY POINT: $61.21 Volume=469K Target=$70.45 Stop=$59.22
POSITION: UID DL - Apr. $60c (56 delta) &/or Stock
Hi Doug,
ReplyDeleteDo not follow that stock....
But...if I were you.....I will go with any & all recommendation by IH.
I am impressed with their TA ability...so for all traders it is a very good outfit...worth every penny they charge.
I am getting their free weekly recap on sunday.
Saleem
Thanks Saleem,
ReplyDeleteIt looks like if today was more short covering, that defensive plays might not be a bad idea still. I will watch IDXX closely. CHTT is another one I am keeping y eye on for defensive but growth. What a great day for SOHU. I appreciate the guidance with that one because, honestly without your updates and continued analysis, I would have already sold that one for a big fat loss. Best wishes...P.S. If you want me to post IH nightly reports or anything, please let me know and I will provide it for you.
Here are two more IH plays that they entered late this afternoon. Both are oil plays:
ReplyDeleteIH Alert - UPL $73.65 Volume:1M Pct Avg Vol:92% ( Play: Pivot=73.63 (orig 72.11) Test BO Tgt vol=1.5M Tgt $=83.95 Stop=69.88 UPL CN Mar. $70c (58 delta) &/or Stock. Exploding higher on some strong late buying.
IH Alert - APA $108.33 Volume:2M Pct Avg Vol:65% ( Play: Pivot=108.35 (orig 107.77) Test 50 Tgt vol=3.5M Tgt $=121.95 Stop=104.95 APA DB Apr. $110c (52 delta) &/or Stock.
Hi Doug,
ReplyDeleteI want you to succeed big time....so I have to try harder for you.
As long you keep implementing the-best ideas...you will do well...
Make sure...you have two portfolio..
one for long-term (minimum 2 stocks)
Second your trading stocks as per IH alerts.....also 2 ideas @ a time.....
If you follow the above.....
You are well on your way to fame & fortune !!!
Saleem
Saleem, I appreciate the suggestions and you know I will take to heart. You have both my respect and trust as well as friendship, very sincerely. On another topic, did you by chance, listen to the video on the street.com about the Solars today? If you have or do, would you please let me know your thoughts regarding the analysis? I am overweight Solar and I am just wondering how this may effect the group. Ever grateful, Doug...
ReplyDeleteHi Doug,
ReplyDeleteI just saw that video...after your note.
That video is about TSL....which we do not own.
I agree with the "general thesis...NOT specific names"
I call LDK & CSIQ higher quality & AKNS a "good speculation"....
These three stocks have not moved much @ all based on 08 & 09 Sales & EPS growth.....
For your ESLR...you can plan on getting out around $17.50 or $18 area..based on TA...which I will post on BLOG tonight.
Saleem
Thanks Saleem. I added a little ESLR and brought my cost basis down to $15.70 so any profit and I will be very happy.
ReplyDeleteSaleem,
ReplyDeleteThis is probably old news to you and sorry if it is, but in the chance that you would find this authors take interesting, I have provided the link to the article. It is FXCM U.S. vs, Canadian currency 2008 outlook. I hope the link works...
http://www.dailyfx.com/story/currency/cad_fundamentals/USD_CAD_2008_Outlook_1199120167723.html
Hi Doug,
ReplyDeleteThanks for the forex article on Canadian $.....links never works from my BLOG....
I take a note and go to the address.
Saleem