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May 9, 2008: The markets ended a down week as stocks gave back most of last weeks gains due to soaring oil prices and renewed inflation fears. The Nasdaq lost 0.2% today and was down 1.3% for the week. The broader S&P 500 dropped 0.7% today and lost 1.8% on the week. Both indexes fell in light trade today which added some comfort. The IBD 100, which is a proxy for the market leaders was up 2.2% on the week due to the strength of energy stocks.
Today’s leaders were Priceline.com which vaulted 12% on strong revenues. RenaSola also surged 12% and was one of our ‘Swing Trades’ in last night’s report. Darling Intl, and JA Solar both advanced 8%. Energy leader Arena Resources gained 4%. On the downside, Visa lost 5% and New Oriental Education dropped 4%.
The markets have been volatile for some time now. Leading stocks will rally for days or weeks and then pull back big in heavy trade scaring the ‘longs’ to death. The best thing to do is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’and the strongest new leaders usually break out in the first 13-weeks. NOW is the time to be putting money to work in the markets. You may want to ‘ease’ into the markets and build positions over time. Never chase stocks past their ‘buy limit’ (posted for each of our stock picks). In strong markets there will always be plenty of good stocks to choose from.
Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
May 8, 2008: Commodity related stocks ramped up again today as oil prices hit another new record. The June futures contract got as high as $124.57 today. Gold is moving higher after suffering it’s recent slump. Today it advanced $14 and is back above $885. The Nasdaq moved up 0.5% and the S&P 500 advanced 0.4%. Both indexes moved up in lighter trade.
Today’s leading groups were dominated by oil related, gold/silver, and other natural resources. Retail and financial stocks moved lower. Oil services company National Oilwell Varco vaulted 9%. Chinese medical leader Mindray Medical jumped 12%. Sohu.com got back 6% of this week’s 10% correction. Arena Resources and Rio Tinto gained 5%. Leading agriculture stock Darling (DAR) fell 9% and Quicksilver Resources fell another 3%.
The markets have been volatile for some time now. Leading stocks will rally for days or weeks and then pull back big in heavy trade scaring the ‘longs’ to death. The best thing to do is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets. You may want to
‘ease’ into the markets and build positions over time. Never chase stocks past their ‘buy limit’ (posted for each of our stock picks). In strong markets there will always be plenty of good stocks to choose from.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
May 7, 2008: The markets suffered a broad sell-off with both the Nasdaq and the S&P 500 falling 1.8% in heavy volume making for another ‘distribution day’ or day of heavy institutional selling. The blame for today’s fall could be traced to record oil prices now topping $123.50 a barrel and the Kansas City Federal Reserve president sounding the inflation alarm. Also, the SEC now wants to see the liquidity positions of investment banks.
Financials and transports were weakest as stocks sold off across the board. Sohu.com fell another 10% and has been giving back some of it’s huge run. Brazilian builder Gafisa is also giving back the majority of it’s massive gains. JA Solar and Renasola fell 7%. The China 25 exchange traded fund (FXI) dropped 6% as Chinese stocks corrected some of their recent moves. China Telecom fell 6%. Leading energy stock Quicksilver Resources dropped 6% as well.
The markets have been volatile for some time now. Leading stocks will rally for days or weeks and then pull back big in heavy trade scaring the ‘longs’ to death. The best thing to do is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets. You may want to
‘ease’ into the markets and build positions over time. Never chase stocks past their ‘buy limit’ (posted for each of our stock picks). In strong markets there will always be plenty of good stocks to choose from.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
May 6, 2008: Stocks rallied despite oil setting a new record high and now above $122 a barrel. The Nasdaq advanced 0.8% in heavier trade. The S&P 500 also ran up 0.8% but in lighter trade. The markets were lead by a broad rally in energy stocks. Cisco was trading higher in after hours on good numbers.
Among today’s leaders were Chinese solar leader Yingli Green Energy (+11%). Petroquest Energy vaulted 9% after beating estimates. Cimarex Energy also beat the street and was up 7%. Hess gained 8%. JA Solar ramped up 9%. Chinese agriculture leader FEED dropped 9% and gave back most of yesterday’s big gain. Brazilian builder Gafisa dropped 4% on a pullback in Brazil’s market. Oil/gas leader Continental Resources lost 3% after yesterday’s strong gains.
The markets have been volatile for some time now. Leading stocks will rally for days or weeks and then pull back big in heavy trade scaring the ‘longs’ to death. The best thing to do is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets. You may want to
‘ease’ into the markets and build positions over time. Never chase stocks past their ‘buy limit’ (posted for each of our stock picks). In strong markets there will always be plenty of good stocks to choose from.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
May 2, 2008: A better than expected jobs report and oil spiking up more than $3.00 to over $115 a barrel made for a mixed market today. The Nasdaq fell 0.2% and the S&P 500 added 0.3%, both moved in lighter volume.
After some recent heavy selling, many of the market’s leading stocks have pulled back to their key moving averages (20 & 50 day), but today some of them rallied. The agriculture related leaders did well with FEED vaulting 21%, and Potash Sask. gaining 6%. Energy leader, Petroquest added 6%. Leading machinery maker Gencor and Dryships jumped 8%. First Solar added 5% as did Arcelor Mittal Steel. Leading tech stocks which had been strong like Google (-2%), and Bidu.com (-2.3%) pulled back today.
The markets may be ‘rotating’ sectors and moving out of commodity related stocks and into stocks that reflect a stronger economy. This may also just be a normal pullback and the recent leaders may resume their up-trends. The best thing to do
is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets. You may want to
‘ease’ into the markets and build positions over time as the markets have been volatile.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
May 1, 2008: Stocks rallied sharply on heavy volume after some morning sickness. The Nasdaq vaulted 2.8% and the S&P 500 gained 1.7%. The rally was broad based but recent commodity related leaders sold off. Oil dropped $3.00 to the $110 level after nearing a recent high of $120.00. Gold and silver and other metals are also weakening due to the strong dollar which is at a 5-week high.
Finance, retail, transports, semiconductors, and computer stocks were strong. Oil/gas, gold/silver, metals, solar, and fertilizer stocks were weak as traders book recent profits and confidence is returning to the dollar and the US stock market.
The markets may be ‘rotating’ sectors and moving out of commodity related stocks and into stocks that reflect a stronger economy. This may also just be a normal pullback and the recent leaders may resume their up-trends. The best thing to do
is just stick to sound trading rules and let the market and individual leading stocks tell the story. As always, cut any stock loose that is 7-8% below your purchase price.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets. You may want to
‘ease’ into the markets and build positions over time as the markets have been volatile.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 30, 2008: Stocks slipped in heavier volume after the Fed eased interest rates another 1/4 point to 2%. They hinted that they may be open to more cuts but it may be awhile. The Nasdaq fell 0.6% and the S&P 500 lost 0.5%. This was a ‘distribution day’ for both indexes and the second in a row for the S&P 500. Rallies can weather bouts of distribution but if too many happen in a short period of time it can derail the markets. Obviously we’ll be monitoring things closely.
Steel, gold/silver, fertilizers, and telcom equipment stocks were strong. Building, semiconductors, and retail stocks were weak. Oil prices have come off their highs and there may be a ‘rotation’ out of this sector. We are constantly looking for new leadership and this can change during bull markets.
This rally is really gaining steam with lots of new leaders breaking out
from the tech, internet, agriculture, oil/gas, alternative energy, and natural resource sectors. Our ’stock-picks’ section is now starting to fill up with
powerful companies in the strongest sectors of the market.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 29, 2008: The Nasdaq gained 0.1% and the S&P 500 fell 0.4%. Both indexes fell in light trade. Stocks were mixed again today ahead of tomorrow’s decision by the Fed on the direction of interest rates. Commodity prices fell as the Dollar strengthened. Leading stocks were hammered today with the IBD 100 falling as much as 2.4%.
Financial services and airlines stocks were strongest today while steel, ores, oil/gas, gold/silver, fertilizers, and farm machinery stocks took a beating. MasterCard was the shining star of the day beating views and rocketing 13%. Bidu.com was up 4%, and RIM gained 3%. Monsanto lost 9%, Potash Sask. and Deere were down 6%, Continental Resources tanked 9%, and steel giant Mechel Oao gave up 8%.
This rally is really gaining steam with lots of new leaders breaking out
from the tech, internet, agriculture, oil/gas, alternative energy, and natural resource sectors. Our ’stock-picks’ section is now starting to fill up with
powerful companies in the strongest sectors of the market.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 28, 2008: Stocks were flat ahead of tomorrow’s Fed meeting on the direction of interest rates. The Nasdaq was up 0.1% and the S&P 500 was down 0.1%, both moved in light volume as traders took to the sidelines ahead of a Fed decision. A Warren Buffet financed buyout of Wm. Wrigley Co. by Mars Inc. was the big deal of the day. Oil neared $120 a barrel.
Construction, farm and mining machinery stocks were strong. Fertilizers, oil drillers, and networking stocks were weak.
Chinese internet Sohu.com reported strong numbers and vaulted 15% today, sister stocks Netease and Sina.com followed in sympathy. Farm machinery seller Titan Machinery gained 9%. Brazilian home builder Gafisa moved up 6%. On the downside Potash Sask. dropped 7% and fellow fertilizer maker Mosaic lost 6%. Copper producer So. Peru Copper gave back 4%.
This rally is really gaining steam with lots of new leaders breaking out
from the agriculture, oil/gas, alternative energy, and natural resource
sectors. Our ’stock-picks’ section is now starting to fill up with
powerful companies in the strongest sectors of the market.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 24, 2008: The leaders pulled back sharply today despite strong gains in the general market. The Nasdaq advanced 1% and the S&P 500 was up 0.6% in heavier volume. You like to see stocks advancing on heavier trade during market rallies.
Financials, tech stocks, and transports led the way higher. Energy, agriculture, steel, and mining stocks fell sharply on the strength of the US dollar. Apple led techs higher with a 4% gain in brisk trade. Fertilizer stars such as Potash Sask. (-5%), and Mosaic (-8%)were hit today. Farm machinery stocks were also hit hard with Titan Machinery down 9% and CNH down 19% on weaker than expected earnings. Fuel additive powerhouse Newmarket fell over 19% on an analysts downgrade. The markets are still volatile, so it pays to pay attention to your stops and to ‘tread lightly’ till the markets find their footing.
This rally is really gaining steam with lots of new leaders breaking out
from the agriculture, oil/gas, alternative energy, and natural resource
sectors. Our ’stock-picks’ section is now starting to fill up with
powerful companies in the strongest sectors of the market.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 23, 2008: Stocks rallied today in mixed volume ahead of earnings from Apple and Amazon.com and good earnings from Boeing. The Nasdaq was up 1.2% and the S&P 500 rallied 0.3%. Semiconductors, genetics, and HMO’s were strong. Fertilizers, gold/silver, and farm machinery stocks pulled back.
Agriculture related stocks gave back some of their recent gains today and were due for a correction. Terra Nitrogen fell 6%. Agrium also lost 6%. Potash Saskatchewan dropped 5%. Irrigation system maker Lindsay Corp lost 12%.
This rally is really gaining steam with lots of new leaders breaking out
from the agriculture, oil/gas, alternative energy, and natural resource
sectors. Our ’stock-picks’ section is now starting to fill up with
powerful companies in the strongest sectors of the market.
The really ‘big’ money is made in the first year of a new ‘bull market,’
and the strongest new leaders usually break out in the first 13-weeks.
NOW is the time to be putting money to work in the markets.
Please go to our members section for our latest stock-picks. If you want
to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at
www.goldenticker.com
April 22, 2008: Stocks fell broadly in heavier volume making for the second ‘distribution day’ or day of heavy institutional selling in recent weeks. Markets can typically withstand 2 or 3 distribution days in a short period of time but after that the rally starts to come under pressure. We’ll be watching this action closely.
The Nasdaq fell 1.3% and the S&P 500 lost 0.9%, both in heavier trade. Airlines, financials, retail, and tech stocks were weak. Shippers, oil/gas, and real estate stocks were strong. Disappointing earnings from Texas Instruments and oil at a record $119 a barrel got the blame. Despite the mayhem, leading stocks held up well.
This rally is really gaining steam with lots of new leaders breaking out from the agriculture, oil/gas, alternative energy, and natural resource sectors. We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time is NOW to be in growth stocks in the leading sectors. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 21, 2008: Stocks were mixed today in lighter volume as poor earnings from Bank of America and record oil of over $117 a barrel weighed on stocks. The Nasdaq was up 0.2% and the S&P 500 was down 0.2%. The S&P 500 has now closed above the key 100 day moving average 2 days in a row, a bullish sign. The Nasdaq is trading just slightly below it.
Agriculture and energy stocks continue their strong run. Fertilizer stocks Agrium, Potash Saskatchewan, Compass Minerals, and Terra Nitrogen did the heavy lifting again today. From the oil-patch Schlumberger, Arena Resources, and Hess were strong.
This rally is really gaining steam with lots of new leaders breaking out from the agriculture, oil/gas, alternative energy, and natural resource sectors. We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time is NOW to be in growth stocks in the leading sectors. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 18, 2008: Strong earnings from Google and lower than expected write-downs from Citigroup helped send stocks sharply higher today. The Nasdaq added 2.6% and the S&P 500 advanced 1.8% in heavy trade partly due to options expirations today. The Nasdaq advanced 4.9% for the week. It’s best showing since August 2006.
Fertilizers continued their huge run with Potash Sask, Agruim, and CF Industries all hitting new highs. Intuitive Surgical spoiled the day by dropping over 17% after reporting strong earnings but weaker guidance. Oil/gas related stocks continued their stellar run as well.
Stocks appear to be gaining steam with lots of new leaders breaking out from the agriculture, oil/gas, and natural resource sectors. We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time may be right for a strong breakout to the upside. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 17, 2008: The markets were flat today and resting after yesterday’s big gains on strong volume. The Nasdaq was up 0.4% and the S&P500 was up a scant 0.1%.
Merrill Lynch reported $2 Billion loss and announced $6.5 billion in write-downs and that they were cutting 4,000 jobs. Financials still rallied even after this news suggesting that the worst may be over. After the bell Google reported earnings up 30% and was trading up 11% in after hours.
We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time may be right for a strong breakout to the upside. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 16, 2008: Stocks powered higher on strong earnings from Intel, and encouraging numbers from JP Morgan and Wells Fargo.The Nasdaq advanced 2.8% and the S&P 500 was up 2.3%, both in heavy trade. The markets looked past rising consumer prices, $114 oil, and falling housing starts as they marched higher.
Fertilizers, tech, semi-conductors, gold, rails, and materials stocks were strong. Leading fertilizer company Potash Sask vaulted 8%. Steel producer SID advanced 7%. Solar energy leader Sunpower added 5%.
There are several top-quality stocks setting up in solid chart patterns and now several of these have broken out and are leading the markets to the upside. See our ‘members’ section for the details.
We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time may be right for a strong breakout to the upside. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 15, 2008: The Nasdaq and the S&P 500 advanced 0.5% in increasing but below average volume which was healthy action in my opinion. ‘Hot’ producer prices could have really sunk the markets because it could be viewed that increasing inflation might cause the Fed to stop lowering interest rates. Producer prices vaulted 1.2% in March alone, double the expectations. Oil was trading at all time highs again today and near the $114 a barrel mark.
Solar, oil/gas, and building stocks were strongest. Airlines, biotech, and gaming equipment stocks were weakest. Airlines are hurting because of high fuel costs and Las Vegas is feeling the pinch of recession. MGM Grand announced Monday that they were terminating 400 middle-management workers immediately.
After the bell, Intel reported that they met earnings expectations. Shares were trading higher in after-hours trade and could signal a strong opening tomorrow.
There are several top-quality stocks setting up in solid chart patterns and now several of these have broken out and are leading the markets to the upside. See our ‘members’ section for the details.
We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time may be right for a strong breakout to the upside. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
April 14, 2008: Poor earnings from Wachovia and news that they were cutting their dividend sent the markets lower. The Nasdaq fell 0.6% and the S&P 500 lost 4.5%. Oil/gas and agriculture related stocks were strong and banks, finance, and retailers were weak. This has been the pattern for the past week or two and may be the signs of a ’stealth’ rally taking place.
The markets have been sending mixed signals since their ‘follow-through’ day 3-weeks ago. This latest rally is still alive even though it’s a bit shaky right now. Our last distribution day (a day of heavy selling) was last Wednesday.
Petrobras (PBR) vaulted 8% in massive volume after discussing an oil find off their coast that may be the biggest in 30-years. Shoemaker Crox fell hard in after hours trading after missing earnings and was trading in the $12 range. This is clearly not the time to disappoint Wall St.
There are several top-quality stocks setting up in solid chart patterns and now several of these have broken out and are leading the markets to the upside. See our ‘members’ section for the details.
We are carefully monitoring this new rally to see if it’s indeed the birth of a new ‘bull market.’ With a concerted effort by the major central banks around the world to ‘print money,’ the time may be right for a strong breakout to the upside. Please go to our members section for our latest stock-picks. If you want to trade short-term trends, check out our new ‘SWING-TRADES.’ More info at www.goldenticker.com
