DJIA 13,627.64 -5.44
NASDAQ 2,604.46 11.87
S&P 500 1,530.62 0.39
Possible short: CC
Longs:
aplx
arrs
cirk
crtx
elon
ftek
nvtl
prcr
Thursday, May 31, 2007
Wednesday, May 30, 2007
20070530 Tom PM, China Selloff, US Reverses Higher
DJIA 13,633.08 111.74
NASDAQ 2,592.59 20.53
S&P 500 1,530.23 12.12
CME Consumer Price Index Futures
Trade Unit Contract Valued at $2,500 times the Reference CPI Futures Index.
Settle Method Cash Settled
Point
Descriptions 1 Point = .005 Index points = $12.50
Contract
Listing March, June, September and December. 12 Consecutive "March quarterly" contract months.
Current Listings
Strike Price
Interval N/A
Product
Code Clearing=CU
Ticker=CPI
Cotton having weather/pest issues?
WWAT .91 +.21. Finished ABC.
PZZ 5.20 +.20. Illiquid. With volume can test 9.
WFR 58.95 +1.01. Had volume off the highs in April. Today had volume without big price spread.
JOYG 55.76 +4.95. Good volume with price spread.
NASDAQ 2,592.59 20.53
S&P 500 1,530.23 12.12
CME Consumer Price Index Futures
Trade Unit Contract Valued at $2,500 times the Reference CPI Futures Index.
Settle Method Cash Settled
Point
Descriptions 1 Point = .005 Index points = $12.50
Contract
Listing March, June, September and December. 12 Consecutive "March quarterly" contract months.
Current Listings
Strike Price
Interval N/A
Product
Code Clearing=CU
Ticker=CPI
Cotton having weather/pest issues?
WWAT .91 +.21. Finished ABC.
PZZ 5.20 +.20. Illiquid. With volume can test 9.
WFR 58.95 +1.01. Had volume off the highs in April. Today had volume without big price spread.
JOYG 55.76 +4.95. Good volume with price spread.
Saturday, May 26, 2007
Thursday, May 24, 2007
Tuesday, May 22, 2007
20070522 Tom PM
DJIA 13,539.95 -2.93. Going to 13476.
NASDAQ 2,588.02 9.23
S&P 500 1,524.12 -0.98
RBY 2.01 +.01. Tom owns. Nice setup. No rush to buy.
NASDAQ 2,588.02 9.23
S&P 500 1,524.12 -0.98
RBY 2.01 +.01. Tom owns. Nice setup. No rush to buy.
Thursday, May 17, 2007
20070517 Tom PM
DJIA 13,476.72 -10.81
NASDAQ 2,539.38 -8.04
S&P 500 1,512.75 -1.39. Going to 1491.
CAAS 8.2 +.34. Going to 12-13. Good long risk/reward.
POT 205.08 +4.41. Doubled in past six months, so not a buy here. Look to buy around 186.
RIG 93.31 +2.88. Broke up with volume. Going to 98.
SDS 52.20 +.18. Going to 62.
VLO 73.07 +1.04. Look to buy at 63. Likes oils.
IYR 81.92 -1.50. Going to 66 in a year. Also see SRS (Ultrashort Real Estate Proshares).
SRS 84.69 +3.09.
AVB 117.71 -2.68. Already breaking down. Can go to 90 soon.
UNG Natural Gas ETF
NASDAQ 2,539.38 -8.04
S&P 500 1,512.75 -1.39. Going to 1491.
CAAS 8.2 +.34. Going to 12-13. Good long risk/reward.
POT 205.08 +4.41. Doubled in past six months, so not a buy here. Look to buy around 186.
RIG 93.31 +2.88. Broke up with volume. Going to 98.
SDS 52.20 +.18. Going to 62.
VLO 73.07 +1.04. Look to buy at 63. Likes oils.
IYR 81.92 -1.50. Going to 66 in a year. Also see SRS (Ultrashort Real Estate Proshares).
SRS 84.69 +3.09.
AVB 117.71 -2.68. Already breaking down. Can go to 90 soon.
UNG Natural Gas ETF
Wednesday, May 16, 2007
Currency ETFs
Covered Calls On Dividend Payers
Buy a decent stock with a good dividend just before the ‘ex’ date, then sell a deep-in-the-money call against it. When and if it's called away, you've made money. If it isn't, sell options again.
Tuesday, May 15, 2007
Emerging Market Performance From 1997
Have sold nearly all longs, and am starting to go short.
Selling a Fidelity emerging market fund from 1997. The numbers show that it is tough to time the entry, so going in 1/2 with a plan to add later is effectively what happened.
20070515 Tom PM
DJIA 13,383.84 +37.06
NASDAQ 2,525.29 -21.15 Going to May 1 swing. Going lower.
S&P 500 1,501.19 -1.96 Going to 1363 then can go lower.
This is not just a correction, this is a bear market and the highs are in. The fast counter-trend bounces (like today) are there to force shorts to cover.
AMAT 19.78 -.64. Failure. Going lower. Numbers.
IAG 7.07 -.22. 6.44 can be tested.
HL 8.43 -.06. Has support at 8.23 from February 21.
VZ 42.54 + .94. Hold if long.
BTU 50.41 -.29. Buy around 46.7.
RRD 42.03 -.83. Going to 38.
SBUX 28.39 -.51. Selling volume is accelerating. Can go to 23.
CSCO 26.13 -.16. Gapped down May 9, that high was 27.09. Let it go back up to that price, close under that price, then think about shorting. Has large support at 24.
GOOG 458 -3.78. Sets direction of weighted average nasdaq index. 452 is next level.
ARM 20.64 -.11. Not yet a short though consolidating and fill gap to 19. Wait for April 26 high volume up-day retest and failure.
AAPL 107.52 -1.84. Came off high with some volume.
NASDAQ 2,525.29 -21.15 Going to May 1 swing. Going lower.
S&P 500 1,501.19 -1.96 Going to 1363 then can go lower.
This is not just a correction, this is a bear market and the highs are in. The fast counter-trend bounces (like today) are there to force shorts to cover.
AMAT 19.78 -.64. Failure. Going lower. Numbers.
IAG 7.07 -.22. 6.44 can be tested.
HL 8.43 -.06. Has support at 8.23 from February 21.
VZ 42.54 + .94. Hold if long.
BTU 50.41 -.29. Buy around 46.7.
RRD 42.03 -.83. Going to 38.
SBUX 28.39 -.51. Selling volume is accelerating. Can go to 23.
CSCO 26.13 -.16. Gapped down May 9, that high was 27.09. Let it go back up to that price, close under that price, then think about shorting. Has large support at 24.
GOOG 458 -3.78. Sets direction of weighted average nasdaq index. 452 is next level.
ARM 20.64 -.11. Not yet a short though consolidating and fill gap to 19. Wait for April 26 high volume up-day retest and failure.
AAPL 107.52 -1.84. Came off high with some volume.
Monday, May 14, 2007
20070514 Tom PM
DJIA 13,346.78 +20.56
NASDAQ 2,546.44 -15.78. Going to 2331.
S&P 500 1,503.15 -2.70. Going to 1363.
Commodities going down, including miners: GRS GG RGLD.
CHD 49.52. Look to buy 43-44.
CM 122.15 up 2.21. Broke above down-channel started February 27. Can buy here with tight stop.
AMAT 20.48 up .71. Going to test 20.77.
PRW .93 up .16. Needs more volume to keep going up.
SBUX 28.9 down .71. Dropping below support at 29 and trapping longs since August 2006. Support at 26.
GOOG 461.78 down 4.96. Large consolidation 440 - 500. Google and myspace blocked for US military troops.
TXN 39.93 up .23. Break to topside.
XLF 37.57 down .18. Volume coming off high. Financial Select Sector Spdr Fund. March 14 2007 low of 34.18 has not been tested.
NASDAQ 2,546.44 -15.78. Going to 2331.
S&P 500 1,503.15 -2.70. Going to 1363.
Commodities going down, including miners: GRS GG RGLD.
CHD 49.52. Look to buy 43-44.
CM 122.15 up 2.21. Broke above down-channel started February 27. Can buy here with tight stop.
AMAT 20.48 up .71. Going to test 20.77.
PRW .93 up .16. Needs more volume to keep going up.
SBUX 28.9 down .71. Dropping below support at 29 and trapping longs since August 2006. Support at 26.
GOOG 461.78 down 4.96. Large consolidation 440 - 500. Google and myspace blocked for US military troops.
TXN 39.93 up .23. Break to topside.
XLF 37.57 down .18. Volume coming off high. Financial Select Sector Spdr Fund. March 14 2007 low of 34.18 has not been tested.
Saturday, May 12, 2007
Zinc Producers
In addition to GMO, this article describes other publicly traded zinc producers.
One key to finding stocks with the highest appreciation potential is to identify a metal largely off investor’s radar screens on the verge of a major move up. The other key is to identify companies that are rapidly increasing production of that metal. We will first focus on the next base metal likely to move up and then review three miners that are significantly increasing production over the next 12 months.
The next base metal that is likely to move up strongly this year is Zinc. Fundamentals for zinc continue to be very strong. A major Zinc miner, Xstrata, has said they expect strong demand through 2013. The primary reason for strong demand is zinc’s use as a means to protect steel from corrosion. Galvanizing of steel (applying a zinc coating) is the largest use of zinc. Galvanized steel is critical for the development of infrastructure. India and China are rapidly growing, building infrastructure for their booming economies.
Miners covered in the article:
Acadian Gold (ADGLF.PK) 1.18
Blue Note (BNMFF.PK) 0.60
This Company has refurbished an old mine they bought from Breakwater Resources. They are anticipating production start up next month with a ramp up to a staggering 100 million pounds of Zinc and of 40 million pounds Lead per year. Earnings and cash flow should be huge relative to the capitalization of the company.
Breakwater Resources (BWLRF.OB) 2.56
Breakwater operates several mines in North and South America. According to their most recent presentation they are the highest leveraged company to the price of Zinc. The majority of their revenue does come from Zinc but they also have an impressive repertoire of production from Copper, Gold, Lead and Silver. Breakwater produces several hundred million pounds of zinc and they are bringing two more zinc producing mines online in the next few months.
One key to finding stocks with the highest appreciation potential is to identify a metal largely off investor’s radar screens on the verge of a major move up. The other key is to identify companies that are rapidly increasing production of that metal. We will first focus on the next base metal likely to move up and then review three miners that are significantly increasing production over the next 12 months.
The next base metal that is likely to move up strongly this year is Zinc. Fundamentals for zinc continue to be very strong. A major Zinc miner, Xstrata, has said they expect strong demand through 2013. The primary reason for strong demand is zinc’s use as a means to protect steel from corrosion. Galvanizing of steel (applying a zinc coating) is the largest use of zinc. Galvanized steel is critical for the development of infrastructure. India and China are rapidly growing, building infrastructure for their booming economies.
Miners covered in the article:
Acadian Gold (ADGLF.PK) 1.18
Blue Note (BNMFF.PK) 0.60
This Company has refurbished an old mine they bought from Breakwater Resources. They are anticipating production start up next month with a ramp up to a staggering 100 million pounds of Zinc and of 40 million pounds Lead per year. Earnings and cash flow should be huge relative to the capitalization of the company.
Breakwater Resources (BWLRF.OB) 2.56
Breakwater operates several mines in North and South America. According to their most recent presentation they are the highest leveraged company to the price of Zinc. The majority of their revenue does come from Zinc but they also have an impressive repertoire of production from Copper, Gold, Lead and Silver. Breakwater produces several hundred million pounds of zinc and they are bringing two more zinc producing mines online in the next few months.
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