Archive for April, 2008

Blain’s Nightly Stock Picks, April 21 2008

April 21, 2008 -

Even though I was gone all of last week it seems the market and my picks did just fine without me.
Starting as usual with the market indices tonight I want to note that the bulls haven’t officially taken control of this market just yet. We still need to close above key resistance lines for the [...]

Joining The Covestor Team

April 21, 2008 -

When I was in London, England last week it wasn’t for pleasure but for business. I was finalizing my paperwork and meeting the brilliant staff of Covestor.com.
I am happy to report that today I officially start my new job as Community Manager for the site.
For those who are unfamiliar with Covestor, it is a financial [...]

Out Of Office This Week, Off To London

April 12, 2008 -

Heads up readers, I will be gone all this upcoming week!
I will be in London, England from Sunday, April 13th – Friday April 18th.
Posting will pick up again the weekend I return. I will have my laptop with me and plan on checking my email whenever I can. Good luck trading this week, and I [...]

Blain’s Nightly Stock Picks, April 10 2008

April 10, 2008 -

A nice rebound day for the market as the NASDAQ tacked on 1.3% for the day. The S&P 500 closed up only .5% but momentum has the sky looking optimistically bright for tomorrow.
Steel, Fertilizers, and Techs had a decent day today. The big movers were in Home Builders as the group ended up 3.8% for [...]

Blain’s Nightly Stock Picks, April 09 2008

April 9, 2008 -

A distribution day for the NASDAQ today as the index nears its 50 day moving average support. Below you will find the support trendline that needs to hold if we want to see higher prices for the overall market.
Gold had a good day today and Commodities have officially made a technical comeback. I have featured [...]

Weekly Market Commentary, April 8th 2008

April 8, 2008 -

                 In prior letters, I have described how financial markets are driven by participants with different time horizons.  Over long periods, business and economic factors combine and allow stock prices to track those companies whose prospects appear brightest.  Over shorter timeframes, market psychology and investor emotion dictate the direction of prices.  As earnings’ season takes [...]

Alternative Energy Stocks Back in Focus

April 8, 2008 -

Alternative Energy stocks have had a very nice rally the last few weeks with stocks like FSLR posting 10 consecutive up days in a row. Is this the start of another successful long term run?
I have featured below four stocks from this group that every investor should have on their close watch list. For regular [...]

Blain’s Nightly Stock Picks, April 07 2008

April 7, 2008 -

The market started strong but slid midday to end in the red suggesting we may be in for a break.
Alternative Energy started strong but tailed off midday with FSLR, LDK, and MEE reversing off their intraday highs. Steel stocks though opened strong and finished the day still posting nice gains.
Lastly today Earnings season kicked off [...]