Archive for May, 2008

Covestor in Las Vegas

May 12, 2008

Business travel will have me in Las Vegas all this week for the Money Show which is being held at the Mandalay Bay Resort.
I will be running the Covestor booth (#817 in the exhibit hall) so if you are planning on attending make sure to stop by and say hi .
Posting here on the [...]

Goldman Sachs Stock Starts A Comeback

May 11, 2008

On April 18th, 2008 Goldman Sachs (GS) stock had a heavy volume gap up day to move to $180, which became the start of a new long term trend.
The stock has since moved to $200 where it has found resistance and trending back down into the $180s. Will this be a temporary support area before [...]

$120+ Oil…

May 8, 2008

I only have one question for you readers…
Are you a buyer up here?

Gymboree (GYMB) Stock Break Out

May 8, 2008

Today Gymboree (GYMB) has officially broken out of its base that was featured on StockTradingToGo.com last weekend. The stock is currently up 6% on the day as of 2:15 PM EST and is trading with higher volume.
Keep a close eye on GYMB stock today though and look for the following after the close:

A close above [...]

Weekly Market Commentary, May 7th 2008

May 7, 2008

                Life is complex.  From the moment we awaken each morning, a never ending cycle of decisions appears.  For most people, preparing for work, getting children off to school and enduring a morning commute offer increased stress levels.  By the time their workday begins, stress has become elevated, fatigue encroaches and then we realize our [...]

Hard Market Sell Off in Afternoon Trade

May 7, 2008

The market action today was pretty ugly as the indices across the board ended the day well in the red.
The NASDAQ and S&P 500 both finished down about 1.8% on heavier volume, closing near their intraday lows.
The headlines read that the market sold off because Oil hit a record high of nearly $124 per barrel, [...]

China Mobile Stock Presents Bullish Opportunity

May 6, 2008

A stock that deserves to be on any watch list is China Mobile (CHL) which has over the last seven months been forming a nice cup with handle pattern. For the bulls CHL stock looks as if it is ready to break out and make another run to new all time highs.
Being the largest wireless [...]

Blain’s Nightly Stock Picks, May 05 2008

May 5, 2008

Interesting day for the market as Yahoo tanked after Microsoft retracted its bid and oil broke back above $120 a barrel.
Lower volume then the previous two days on the NASDAQ and S&P 500, which both closed down about .5%. We start the picks tonight as usual with these two indices.
Nasdaq Composite

S&P 500 (SPY)

Baidu.com (BIDU)

Google (GOOG)

Dryships [...]