Archive for December, 2007

New Home Sales Hit 12 Year Lows

December 28, 2007 -

It is no joke that the housing market is in despair, residential being the primary focus. States like Michigan where I live and Nevada have seen the bowels of hell (to put it lightly) for the majority of 2007.
The reports of, “new lows” this and, “recession fears” continue to scour across the headlines of the [...]

WYNN Speculative Play on Bullish Engulfment Frenzy

December 28, 2007 -

Wynn Resorts (WYNN) stock has seen now two bullish engulfments in the last seven trading days, one on December 19th, and another on the 26th. With the stock trading around $116 today going long never looked so tempting.
WYNN peaked back in October when the stock hit a high of $176.14 and since has been sold [...]

DRYS Turning the Corner?

December 28, 2007 -

The GOOD is that Dryships (DRYS) had a nice accumulation day as institutions came in and bought it off $70 support, the stock closed yesterday at $77.59 up $4.80. The BAD is the leading moving average which is the 50 is now downtrending.
I think it is too early to say DRYS is a long buy [...]

Gold is Back on the Move, GLD Best Buy

December 28, 2007 -

A great look below of the Streettracks Gold Trust (GLD) which just recently found key support at its 50 day moving average and broke out of a downtrend of lower highs. GLD is an ETF that tracks the price of the gold bullion and is the best way to play Gold as an investment.
You can [...]

Google’s Stock Chart Wedge

December 28, 2007 -

Google has been consistently making new lower highs and higher lows over the last two months, and now the stock has set up quite the wedge pattern. Which side will break first?
The key technical factors to consider are on the support side the 50 day moving average. Very critical support line for Google right now. [...]

New High Alerts – FSLR, AAPL, POT, BIDU

December 28, 2007 -

First Solar (FSLR) yesterday peaked at a new price high of $283 even.
Apple Inc (AAPL) yesterday set a new high of $202.96, and currently is trading just under $201.
Potash (POT) yesterday topped out at $151.90, another new all time price high.
Baidu.com (BIDU) just broke out an interesting base yesterday and is nearing its all time [...]

Market Slides on Assassination, Oil Prices Rise

December 27, 2007 -

The market sold off the last hour of the day to close all three major indices well under 1%. The NASDAQ yielded the steepest losses tumbling 1.75% to 2,676.79, and both the DOW and S&P 500 finished down about 1.42%.
The big news on the day was the assassination of Pakistani opposition leader Benazir Bhutto, the [...]

Search Engine Rankings, Google Tops at 58%

December 27, 2007 -

This just came across my Ameritrade streamer from DOW JONES NEWSWIRES, interesting results:
Google Inc. (GOOG) topped November U.S. Internet searches with 4.25 billion searches, a 58% market share, according to Nielson Co.’s Nielson Online.
Yahoo! Inc. (YHOO) ranked second with 1.32 billion searches, an 18% market share.
Microsoft Corp’s (MSFT) MSN/Windows Live [...]