Archive for April, 2008

Morning Stock Report, April 07 2008

April 7, 2008

Today the market has opened to the upside with all the featured groups making runs including Steel, Fertilizers, and Alternative Energy. Financials are leading the market higher but will there be enough steam to clear the resistance ahead?
The NASDAQ is up .66% trading just under 2,390 at the moment with 2420 being the big resistance [...]

Watch Out, Fertilizer Stocks Are Back

April 5, 2008

Over the last two days leading fertilizer stocks have made quite the run posting an average 10%+ gain each. Last week you could argue the trend was over and these stocks were out of the picture, but trends change fast and yes, fertilizer stocks are back.
The group is lead by a company called Potash (POT), [...]

Blain’s Nightly Stock Picks, April 03 2008

April 3, 2008

With unemployment numbers coming out today sour it is very good to see the market hold its ground and end the day flat.
Fertilizers were the big movers today with POT closing at new highs. CF and MOS also had great days, though the two stocks have some work to do yet.
Nasdaq Composite
Next resistance at 2400 [...]

Blain’s Nightly Stock Picks, April 02 2008

April 2, 2008

The market finally claimed higher highs and several groups have started to make their moves to lead the latest rally.
I am talking of course about Alternative Energy, Steel, and Oil/Gas Exploration & Production. Technology as a whole has done nicely as well with AAPL and RIMM really leading the way with nice rallies.
It is very [...]

Weekly Market Commentary, April 1st 2008

April 1, 2008

Over the past two weeks I have had numerous conversations with clients about my view of the markets. Many have questioned why my mood has darkened recently. After all, I spent a great deal of time detailing why the January panic prices would represent the low point for the year, how pockets of [...]

Market Set For Historic 2700 Point Surge

April 1, 2008

The market today is shaping up for the greatest open in its history after the United States surprised the world with a slew of life changing news.
The NASDAQ is set to open at 2712.13 (+19%), S&P 500 at 1560.78 (+18%), and the Dow Jones is looking to open up a staggering 2697 points to a [...]