Archive for May, 2008

Quick Market Update, May 22nd 2008

May 22, 2008

Regular readers should recall my post from this past Sunday, Proceed The Market With Caution. The red flags are now waving, and I am 100% cash as of yesterday.
For short term momentum traders like myself flowing with the overall market trend is very important. This may only be a short term correction but nonetheless is [...]

View My Trading Rules

May 21, 2008

Don’t know why I didn’t post my trading rules up before but nonetheless they are available now for viewing.
Every trader has their own set of rules that help them succeed each day, and these are mine. They are constantly updated and tweaked.
View my Trading Rules.
For future references a link is also displayed at the top [...]

14% Return in Three Days, Thank You LDK

May 21, 2008

Alternative Energy Stocks are back and they continue to turn big profits for those who know how to play the trend. For me that meant buying L D K Solar (LDK) on Monday and selling it today for a $5.36 profit.
The first fact is that oil is continuing to climb, and as long as demand [...]

Weekly Market Commentary, May 20th 2008

May 20, 2008

                 At times, investing is easy.  Identify the primary trend, position your portfolio and wait for the returns to flow.  Other times, we are left with many unanswered questions that only resolve themselves over long periods of time.  While I prefer a simple, trending market, that is not what we are facing.  Instead, investors are [...]

Alternative Energy Stocks Turning Big Profits

May 19, 2008

Where were you on April 8th when I posted, Alternative Energy Stocks Back in Focus. For those who haven’t been watching this trend develop, the opportunities to maximize your money have been simply huge.
Updating the featured stocks from that post:

FSLR $272.75, now $295.90 (+8.5%)
MEE $48.01, now $63.65 (+32.58%)
LDK $31.91, now $40 (+25.35%)
CSIQ $23.93, now $43.08 [...]

$900 Gold Bars Are Back

May 19, 2008

Get in while its still cheap, or is Gold still too expensive?
Bulls say:
Gold is starting its treck back to $1000 and if you aren’t buying now you will be buying later. The heavy volume move Friday puts Gold not only back at $900 but also above the key bearish trendline that has formed since its [...]

Proceed The Market With Caution

May 18, 2008

This makes me nervous, I can’t stand long term trend lines acting as resistance…
Check out this chart of the NASDAQ Composite and you will see what I mean. In this daily view we have both the 200 day moving average and the lows of 11/26/07 to deal with.
A heavy volume break and close above 2540 [...]

DRYS Stock Run Continues

May 18, 2008

Dryships (DRYS) has not slowed down since it hit my buy point of $88.20 on May 2nd, closing Friday at $110.74. View the original Dryships stock breakout.
This puts DRYS up 25.6% in only 11 trading days, an impressive feat.
Looking ahead the drybulk commodities shipping trend should only continue to escalate into epic proportions. Stocks like [...]