Archive for June, 2008

NASDAQ 100’s Top 7 Stocks Holding it Together

June 30, 2008

After watching the market tank this week I became very curious to find out what stocks if any were still holding up within the NASDAQ 100?
So I went through all 100 stocks in the index and pulled aside the stocks that were still trading within 10% of their 52-week price highs. I ended up with [...]

9 Great Gold and Silver Stocks To Watch

June 29, 2008

Last Monday I posted that the gold stock trend still lives not knowing that after the Fed decided to leave rates unchanged Gold and Silver stocks would take off. And wow did they take off.
Between Thursday and Friday alone Gold jumped a staggering 5.4% finishing the day Friday above $930. Goldcorp (GG) and Yamana Gold [...]

Stock Market Recap, June 26th 2008

June 26, 2008

Let’s see… what happened today… well the Dow broke below January lows shedding nearly 360 points, Research in Motion (RIMM) missed earnings guidance and tanked 13%, GM shares plunged to a 53 year low, and Oil closed at a record high $139.64.
The highlight of my day? Over at Yahoo Finance the 2nd featured article [...]

RIMM Earnings Miss, Market Futures Tank

June 25, 2008

This past Sunday I asked the question, Is RIMM Tech’s Last Breadth? It seems the answer may be “yes”.
NASDAQ futures have dropped heading into the market open tomorrow (Thursday) as the BlackBerry maker tanked after disappointing earnings.
Research in Motion (RIMM) reported after the market close and immediately free fell even after doubling its revenue to [...]

Fed Leaves Rates Unchanged, Market Fights For Direction

June 25, 2008

For the first time in ten meetings the Federal Reserve has not decided to cut interest rates. An expected result as rates then remain unchanged at 2%, but the market itself is not so sure how to react.
For those of you who are watching the market live right now you can see just how intense [...]

The Stock Code Site Review

June 24, 2008

JP and his partner Oliver have purchased a paid review of their new investment site, thestockcode.com. JP and Oliver are brothers who offer financial products that will take your portfolio to the next level and help you become a successful investor.

The Stock Code methodology is based on applying the very basic concept of supply and [...]

Weekly Market Commentary, June 24th 2008

June 24, 2008

                Two weeks ago I discussed contrarian thinking.  Most investors agree that the path to profits is achieved by taking an approach that differs from others.  For this reason, most consider themselves contrarian by nature.  However, taking a different approach does not make one a contrarian investor.  The key is to take an approach that [...]

Market Irony, Recession News Sparks Rally

June 24, 2008

The consumer confidence report and new home sales came out today with horrific results yet the Dow and S&P 500 are actually even on the day. (Checks streamer again) No, make that green on the day. Is this just another example of crazy market irony?
It just doesn’t make sense how such, “doom and gloom” news [...]