Here’s an update on the stocks I started buying 05/12/08. Since then, three more stocks were added: GLW on 05/13/08; BIG on 05/14/08 and TTEK on 05/16/08.
So far, the group of 22 stocks (equally weighted) is up 5.34% month to date as of the end of trading 05/29/08.
Performance:
Alpha’s +5.34% MTD
S&P 500 +1.14% MTD
Dow -1.36% MTD
Naz +3.96% MTD
Top three winners:
EAC [...]
Just in case there are some of you out there that are thinking about buying CROX because it’s “cheap”….
Infrastructure is key to economic growth and development. Currently, developed nations are faced with deteriorating roads, bridges and ports. Emerging economies have a big need to build and develop transportation, communications and energy / power networks in order to compete.
The price tag for all this has been estimated at over $40 trillion, according to industry [...]
I found the following interesting since it has been developed by Welles Wilder, the same Welles Wilder that gave us “RSI” and “Directional Movement” for technical analysis…..
The Delta Phenomenon
It is based on the cycles of the moon and the interaction with the earth and sun.
Anyone familiar with this stuff?
(I’m not putting a plug in for [...]
For those unfamiliar with Point and Figure Charting, you can read up on the basics from some of my previous posts, Intro, Part I, Part II.
Wierdo Jay has asked if I would go over how price targets are determined.
When using PnF charts, you determine price targets (or objectives) using two methods called the “vertical count” [...]
For those of you who like juggling diamondback rattlesnakes, I give you leveraged inverse ETFs. Here are the current buys.
Buy. Bullish low pole reversal pattern. Resistance at 57.
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Buy. Broke a double top. Resistance at 126. Target objective is 132.
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Bullish pattern developing. OK to Buy here. Downtrend reversed, but still vulnerable to downside. A move to [...]
Consumer Staples (XLP: 26.67 -0.07%): $28.08 Neutral. Reversed its downtrend this past month since a near term low in March. However, still consolidating. Bullish breakout at $30.
Consumer Discretionary (XLY: 28.05 +0.86%): $31.70 Neutral. Consolidating. A break down to $30 would reverse the current short term uptrend. Resistance is still at 34.
Energy (XLE: 84.90 -1.47%): $86.26 Neutral (down from Bullish [...]
I’m enjoying my time in CO for a family reunion, and watching family and friends compete.
Have a safe holiday weekend and remember Memorial Day. Honor those who have made the ultimate sacrifice. Back on Tuesday.
http://www.youtube.com/watch?v=XJNpKrd0wK8
Since I used to live in the corn belt many years ago, and owned some crop land, I thought I would offer a few comments about corn and ethanol.
See, this ethanol shit does’t make sense. We are greedily stuffing corn into our automobiles via ethanol, while much of the world is facing starvation. What’s wrong with that [...]
