Archive for February, 2007

Daytrades

February 27, 2007

Can’t post up charts at this time but here are some daytrades being made (over the last 19 minutes),

CHINA – buy at $8.63
AAPL -  buy at $86.40
XLE – buy at $58.20
FXI – buy at $96.35

Market Opens Heavy Red

February 27, 2007

The Nasdaq is down just over 2%, the Dow is down 1%, and the S&P 500 is down 1.2%, this is rough start to the market today. Not sure what is causing this sell off, but hopefully you had stops on your positions, International stocks are getting killed right now. The Emerging Markets Index (EEM) [...]

Daily commentary for Tuesday, February 27, 2007

February 27, 2007

Monday brought in more sellers and the volume was heavier today leaving distribution days on the Nasdaq and NYSE. We started the day with a gap up that just couldn’t hold. The market tried to hold off the sellers but eventually Friday’s lows were revisited.
Crude rallied today to close up [...]

Sear’s Holdings Buy Opportunity

February 26, 2007

After breaking out a few weeks ago, Sear’s Holdings (SHLD) has had a nice run hitting a recent high of $189.97. Now the stock has taken a quick breather and today closed at its 10 day moving average (not shown). I believe there is opportunity here.Support is definitely around the $181.50-$182.50 area, and buying [...]

Highlights From This Week

February 23, 2007

Posts that are worth a second read through from this past week:
- Oil Bullishness Continues 
- JetBlue Delivers 5.2% in less than 24 hours
- Sirius Position Panning Out
- XMSR Daytrade for Easy Money
- FXI Chart Analysis, Bull Flag Waving
- The Chinese New Year
And, from just over a week ago, the drama of my Wordpress [...]

Market Outlook

February 23, 2007

Instead of posting analysis myself, I’ll send you to some quality bloggers who can give you some technical analysis and interesting insight into the markets:
- Kevin on the Nasdaq showing leadership.
- Zen on Put/Call Ratios and his market barometer.
- Mike on the S & P 500 and Nasdaq.
If you like these guys, then make sure [...]

Oil Bullishness Continues

February 23, 2007

My bullishness on Oil is no new trend, check out my post on USO when it was back in the mid $40s. And, after taking a few weeks to base out, the Oil sector is running once again. Let’s take a look at some charts.

Look a this chart of the tracking fund for various segments [...]

Great Minds Think Alike?

February 23, 2007

I have a wide respect for alot of the fantastic writers out there in the blog finance world. This mix includes veterans like Trader Mike, Kirk, Kevin, Brian, Chris, and even newer bloggers that have gone big fast like Jim Kingsland and Zen Trader. At 20 and still very young, it is always great to [...]