DJIA 12,958.44 215.00. Bounce on lighter volume.
NASDAQ 2,580.80 39.82. Bounce on lighter volume.
S&P 500 1,428.23 21.01. Bounce on lighter volume.
Shippers. Bouncing, let them go higher and get ready to short.
EXM 41.72 +4.04. Short around 51.
DRYS 75.69 +6.02.
Retail.
TGT 57 +1.78.
WMT 45.83 +.8.
Wednesday, November 28, 2007
Monday, November 26, 2007
Fuel Cell
These are following market weakness. Research to buy next year.
Full list, with exchanges, at Fuel Cell Today.
Acta ACTA
Ceramic Fuel Cells CFU
CERES Power Ltd CWR
CMR Fuel Cells CMR
ITM Power ITM
Johnson Matthey JMAT
Protonex Technology Corporation PTX
Rolls-Royce Fuel Cell Systems RR
Shell Hydrogen BV RDSA
UTC Power UTC
Voller Energy VLR
NASDAQ
Distributed Energy Systems Corp DESC
Energy Conversion Devices, Inc ENER
Hoku Scientific HOKU
Hydrogenics Corp. HYGS
Manhattan Scientifics MHTX
Medis Technologies MDTL
Millennium Cell Inc MCEL
MTI Micro Fuel Cells MKTY
Plug Power PLUG
Quantum Technologies QTWW
Teledyne Energy Systems Inc TDY
NYSEBallard Power Systems Inc BLDP
TSXAstris Energi Inc. ASRNF
Dynetek Industries Ltd DNK
Palcan Fuel Cell Company Ltd PC
QuestAir Technologies QAR
OTHER
Umicore Autocat USA, Inc. UMICORE
Full list, with exchanges, at Fuel Cell Today.
Acta ACTA
Ceramic Fuel Cells CFU
CERES Power Ltd CWR
CMR Fuel Cells CMR
ITM Power ITM
Johnson Matthey JMAT
Protonex Technology Corporation PTX
Rolls-Royce Fuel Cell Systems RR
Shell Hydrogen BV RDSA
UTC Power UTC
Voller Energy VLR
NASDAQ
Distributed Energy Systems Corp DESC
Energy Conversion Devices, Inc ENER
Hoku Scientific HOKU
Hydrogenics Corp. HYGS
Manhattan Scientifics MHTX
Medis Technologies MDTL
Millennium Cell Inc MCEL
MTI Micro Fuel Cells MKTY
Plug Power PLUG
Quantum Technologies QTWW
Teledyne Energy Systems Inc TDY
NYSEBallard Power Systems Inc BLDP
TSXAstris Energi Inc. ASRNF
Dynetek Industries Ltd DNK
Palcan Fuel Cell Company Ltd PC
QuestAir Technologies QAR
OTHER
Umicore Autocat USA, Inc. UMICORE
20071126 PM
DJIA 12,743.44 -237.44
NASDAQ 2,540.98 -55.62
S&P 500 1,407.22 -33.48. Look at August 16. Going to 1370 right now. If 1370 is hit tomorrow, look to close shorts and regroup.
CC 5.99 -.52 on heavy volume. Going to test Friday's low of 5.51.
TGT 55.22 -1.95.
VZ 41.23 -1.41. Telecom keeps trending lower. August 16 high was 40.58.
EMC 17.37 -1.08. Closed below August 16 low of 17.39. Watch how 17 holds, then look for 16.
XLE 71.49 -2.56. Oils are breaking down.
IVN 11.2 -.6. Can go to 8.5.
NASDAQ 2,540.98 -55.62
S&P 500 1,407.22 -33.48. Look at August 16. Going to 1370 right now. If 1370 is hit tomorrow, look to close shorts and regroup.
CC 5.99 -.52 on heavy volume. Going to test Friday's low of 5.51.
TGT 55.22 -1.95.
VZ 41.23 -1.41. Telecom keeps trending lower. August 16 high was 40.58.
EMC 17.37 -1.08. Closed below August 16 low of 17.39. Watch how 17 holds, then look for 16.
XLE 71.49 -2.56. Oils are breaking down.
IVN 11.2 -.6. Can go to 8.5.
20071126 Short CC
DJIA 13,010.63 +29.75
NASDAQ 2,605.95 +9.35
S&P 500 1,441.59 +0.89
CC 6.15 -.36. Up move last Friday. Touched 7.04 on the open and is heading lower.
TGT 55.97 -1.20. Similar action to CC. Potential intraday short with tight stop.
NASDAQ 2,605.95 +9.35
S&P 500 1,441.59 +0.89
CC 6.15 -.36. Up move last Friday. Touched 7.04 on the open and is heading lower.
TGT 55.97 -1.20. Similar action to CC. Potential intraday short with tight stop.
Saturday, November 24, 2007
20071123 PM, IPOs
DJIA 12,980.88 181.84
NASDAQ 2,596.60 34.45
S&P 500 1,440.70 23.93
Light volume on day after Thanksgiving.
SFSF 12.68 -.07. IPO'd this week. There is talk this company is a buyout candidate. "Web-based performance management software"
INET 8. Offering size and price were reduced. Short when possible.
GMO 10.4 +.5. 52 week high. Any shorts are in pain. Miner.
NASDAQ 2,596.60 34.45
S&P 500 1,440.70 23.93
Light volume on day after Thanksgiving.
SFSF 12.68 -.07. IPO'd this week. There is talk this company is a buyout candidate. "Web-based performance management software"
INET 8. Offering size and price were reduced. Short when possible.
GMO 10.4 +.5. 52 week high. Any shorts are in pain. Miner.
Tuesday, November 20, 2007
20071120 PM
DJIA 13,010.14 51.70
NASDAQ 2,596.81 3.43
S&P 500 1,439.70 6.43 Will get to 1370 from August 16.
Platinum 1467.
Gold 803.
Silver 14.75.
Oil 98.4. Has a couple more points of upside.
CREE 21.18 -.67.
AMD 11.28 -.79 with good volume. August 16 low was 11.27.
GME 51.01 -1.98 with big volume.
FNM 28.25 -9.33. Will keep going lower over the next months.
CFC 10.28 -.29 with huge volume. August 16 low was 15.
COP 79.29 +2.16. Oil stocks bounced. Watch to short in a few days.
XLE 7.75 +2.3. Look to short at 75.
DUG 41.98 -2.52. 2X inverse.
GLD 79.47 +2.23. Up with less volume than the last few big down days. Short tomorrow around 80.5 if the volume is light. Thanksgiving week so the volume should be light and the price is drifting higher.
GG 32.95 +2.32 on slightly less volume than the last few big down days. Maybe short around 44.
NASDAQ 2,596.81 3.43
S&P 500 1,439.70 6.43 Will get to 1370 from August 16.
Platinum 1467.
Gold 803.
Silver 14.75.
Oil 98.4. Has a couple more points of upside.
CREE 21.18 -.67.
AMD 11.28 -.79 with good volume. August 16 low was 11.27.
GME 51.01 -1.98 with big volume.
FNM 28.25 -9.33. Will keep going lower over the next months.
CFC 10.28 -.29 with huge volume. August 16 low was 15.
COP 79.29 +2.16. Oil stocks bounced. Watch to short in a few days.
XLE 7.75 +2.3. Look to short at 75.
DUG 41.98 -2.52. 2X inverse.
GLD 79.47 +2.23. Up with less volume than the last few big down days. Short tomorrow around 80.5 if the volume is light. Thanksgiving week so the volume should be light and the price is drifting higher.
GG 32.95 +2.32 on slightly less volume than the last few big down days. Maybe short around 44.
Friday, November 16, 2007
20071116 PM
DJIA 13,176.79 +66.74
NASDAQ 2,637.24 +18.73
S&P 500 1,458.74 +7.59
Closed out some shorts as next week equities may go higher on lighter volume due to Thanksgiving.
Based on the latest financial reports of the five biggest Wall Street firms, the value of their level three asset holdings relative to firm equity is the following:
-Morgan Stanley $88.2 billion, 250% of equity
-Lehman Brothers $34.7 billion, 160% of equity
-Bear Stearns $20.2 billion, 155% of equity
-Goldman Sachs $51 billion, 130% of equity
-Merrill Lynch $27.2 billion, 70% of equity.
NASDAQ 2,637.24 +18.73
S&P 500 1,458.74 +7.59
Closed out some shorts as next week equities may go higher on lighter volume due to Thanksgiving.
Based on the latest financial reports of the five biggest Wall Street firms, the value of their level three asset holdings relative to firm equity is the following:
-Morgan Stanley $88.2 billion, 250% of equity
-Lehman Brothers $34.7 billion, 160% of equity
-Bear Stearns $20.2 billion, 155% of equity
-Goldman Sachs $51 billion, 130% of equity
-Merrill Lynch $27.2 billion, 70% of equity.
20071115 PM
DJIA 13,110.05 -120.96
NASDAQ 2,618.51 -25.81
S&P 500 1,451.15 -19.43
SNDK 37.27 -.77. All longs who bought in the last seven months are underwater, some from the 50s.
AERO 5.57 -.23. 52 week low is 5.52. Short before it gets below 5 to not miss your chance. Likes to spike in the morning to catch stop orders. Low turnover.
CC 6.28 -2. Intraday 52 week low of 6.25. All longs in the past year are underwater.
SLV 143.45 -5.22. Commodities are correcting, so wait about a month to possibly buy, targeting 180s.
POT 109.81 -7.17. 52 week range 126 - 44. Look to short if this can get to 115 - 118. For longer term shorts or puts (3 - 6 months) anywhere around here is OK.
SMN 48.6 +2.53. ULTRASHORT BASIC MATERIALS PROSHARES August 16 2007 had volume at high of 72.18.
NASDAQ 2,618.51 -25.81
S&P 500 1,451.15 -19.43
SNDK 37.27 -.77. All longs who bought in the last seven months are underwater, some from the 50s.
AERO 5.57 -.23. 52 week low is 5.52. Short before it gets below 5 to not miss your chance. Likes to spike in the morning to catch stop orders. Low turnover.
CC 6.28 -2. Intraday 52 week low of 6.25. All longs in the past year are underwater.
SLV 143.45 -5.22. Commodities are correcting, so wait about a month to possibly buy, targeting 180s.
POT 109.81 -7.17. 52 week range 126 - 44. Look to short if this can get to 115 - 118. For longer term shorts or puts (3 - 6 months) anywhere around here is OK.
SMN 48.6 +2.53. ULTRASHORT BASIC MATERIALS PROSHARES August 16 2007 had volume at high of 72.18.
Thursday, November 15, 2007
2007115 Afternoon Sell Off
DJIA 13,108.50 -122.51
NASDAQ 2,608.17 -36.15
S&P 500 1,449.33 -21.25
CC 6.27 -.21. 52 week low.
VMW 82.94 -4.23. As long as VMW keeps going down, there is little risk in shorting EMC.
EMC 19.31 -.26. Much less volatile than VMW.
CREE 22.88 -1.06. Putting in a bit of a counter-trend rally now, while other techs continue to sell down. Long from 22.7 and will close before end of trading day.
NASDAQ 2,608.17 -36.15
S&P 500 1,449.33 -21.25
CC 6.27 -.21. 52 week low.
VMW 82.94 -4.23. As long as VMW keeps going down, there is little risk in shorting EMC.
EMC 19.31 -.26. Much less volatile than VMW.
CREE 22.88 -1.06. Putting in a bit of a counter-trend rally now, while other techs continue to sell down. Long from 22.7 and will close before end of trading day.
Wednesday, November 14, 2007
20071114 PM
DJIA 13,231.01 -76.08
NASDAQ 2,644.32 -29.33
S&P 500 1,470.58 -10.47
Markets sold off in the last 1/2 hour.
My overall bias is to be short.
VMW 87.17 -3.51.
EMC 19.57 -.15.
AEO 22.81 -.37. Consider short for a potential 50%.
NASDAQ 2,644.32 -29.33
S&P 500 1,470.58 -10.47
Markets sold off in the last 1/2 hour.
My overall bias is to be short.
VMW 87.17 -3.51.
EMC 19.57 -.15.
AEO 22.81 -.37. Consider short for a potential 50%.
Tuesday, November 13, 2007
20071113 PM
DJIA 13,307.09 319.54
NASDAQ 2,673.65 89.52
S&P 500 1,481.05 41.87
Counter trend bounce, with volume high but lighter than what it needed to be to sustain upside in the coming weeks.
GIGM 21.10 +4.67. Gapped up on open at 17.09, then trended very nice the rest of the day to finish near the high of day. Nice trending day to jump on for several hours of gains.
ETRD 5 +1.45. Nice reversal from yesterday.
NASDAQ 2,673.65 89.52
S&P 500 1,481.05 41.87
Counter trend bounce, with volume high but lighter than what it needed to be to sustain upside in the coming weeks.
GIGM 21.10 +4.67. Gapped up on open at 17.09, then trended very nice the rest of the day to finish near the high of day. Nice trending day to jump on for several hours of gains.
ETRD 5 +1.45. Nice reversal from yesterday.
Friday, November 09, 2007
20071109 PM
DJIA 13,042.74 -223.55
NASDAQ 2,627.94 -68.06
S&P 500 1,453.70 -21.07
DUG 41.4 +1.92. ULTRASHORT OIL & GAS PROSHARES. Big volume increase the past week. Could be setting up topside run to 50s.
NXY 32.33 -.67. Went short today. Oil patch. Watch how it acts at 31.11. August 16 2007 low is 25.25.
NOVL 6.82 -.19. If this doesn't hold, look for 6.27.
GNCMA 9.01 +1.02 on good volume. Apparently no news. Up last two days.
SRS 105 +1.49. Closed this long this morning. Will look for re-entry.
PPG 69.27 -3.29. Gapped down on the open and stayed down. August 16 2007 low is 67.81.
VOLV 18.14 -.98. If market continues down, this has room to fall.
GME 52.78 -3.02. August 16 2007 low is 37.4.
Article on content delivery network providers, including akamai and limelight. Declining margins.
NASDAQ 2,627.94 -68.06
S&P 500 1,453.70 -21.07
DUG 41.4 +1.92. ULTRASHORT OIL & GAS PROSHARES. Big volume increase the past week. Could be setting up topside run to 50s.
NXY 32.33 -.67. Went short today. Oil patch. Watch how it acts at 31.11. August 16 2007 low is 25.25.
NOVL 6.82 -.19. If this doesn't hold, look for 6.27.
GNCMA 9.01 +1.02 on good volume. Apparently no news. Up last two days.
SRS 105 +1.49. Closed this long this morning. Will look for re-entry.
PPG 69.27 -3.29. Gapped down on the open and stayed down. August 16 2007 low is 67.81.
VOLV 18.14 -.98. If market continues down, this has room to fall.
GME 52.78 -3.02. August 16 2007 low is 37.4.
Article on content delivery network providers, including akamai and limelight. Declining margins.
Thursday, November 08, 2007
20071108 PM
DJIA 13,266.29 -33.73 Down on big volume.
NASDAQ 2,696.00 -52.76 Down on big volume. Cut intrady point loss in half.
S&P 500 1,474.75 -0.87 Down on big volume.
Markets came back in last hour.
Gold 837. All time high.
AAPL RIMM GOOG ORCL CSCO down, which affected the index.
RMX 1.71 -.06. Buy at 1.56 in Toronto.
PTR 200.25 -12.55. Wait to short.
AIRM 55.32 +2.38. Good earnings.
NASDAQ 2,696.00 -52.76 Down on big volume. Cut intrady point loss in half.
S&P 500 1,474.75 -0.87 Down on big volume.
Markets came back in last hour.
Gold 837. All time high.
AAPL RIMM GOOG ORCL CSCO down, which affected the index.
RMX 1.71 -.06. Buy at 1.56 in Toronto.
PTR 200.25 -12.55. Wait to short.
AIRM 55.32 +2.38. Good earnings.
Wednesday, November 07, 2007
20071107 PM
DJIA 13,300.02 -360.92
NASDAQ 2,748.76 -76.42
S&P 500 1,475.62 -44.65 Going to August lows around 1400.
Dollar all time low.
Silver, gold, platinum, and oil down slightly.
NASDAQ 2,748.76 -76.42
S&P 500 1,475.62 -44.65 Going to August lows around 1400.
Dollar all time low.
Silver, gold, platinum, and oil down slightly.
Tuesday, November 06, 2007
Commodity Storage - JAVA NTAP
Sun will counter-sue Network Appliance. I expect NTAP will lose their suit, and continue to lose business due to ZFS comoditizing high end storage.
... a comprehensive reciprocal suit. As a part of this suit, we are requesting a permanent injunction to remove all of their filer products from the marketplace, and are examining the original NFS license - on which Network Appliance was started.
...
JAVA 5.16 -.55 on volume. Earnings announcement had light revenue.
NTAP 29.98 +.27 on light volume. Short candidate back to 24 in August 2007.
... a comprehensive reciprocal suit. As a part of this suit, we are requesting a permanent injunction to remove all of their filer products from the marketplace, and are examining the original NFS license - on which Network Appliance was started.
...
JAVA 5.16 -.55 on volume. Earnings announcement had light revenue.
NTAP 29.98 +.27 on light volume. Short candidate back to 24 in August 2007.
20071106 PM
DJIA 13,660.94 +117.54
NASDAQ 2,825.18 +30.00
S&P 500 1,520.27 +18.10
Gold and silver up.
Dollar all time low.
SLV 153.75 +7.57. Running. Look to buy tomorrow.
CPST 1.28 +.05 on volume. Buy a retracement.
GRS 11.46 +1.18. Going to 14 if it has volume.
CHKE 34.22 -.72 with volume. Going lower.
MSA 46.84 +1.43. Going to 50 then higher to 55 and 60. Buy here.
FRO 43.35 +.87. 11.65% dividend. Keep an eye on this for a lower price to buy.
NASDAQ 2,825.18 +30.00
S&P 500 1,520.27 +18.10
Gold and silver up.
Dollar all time low.
SLV 153.75 +7.57. Running. Look to buy tomorrow.
CPST 1.28 +.05 on volume. Buy a retracement.
GRS 11.46 +1.18. Going to 14 if it has volume.
CHKE 34.22 -.72 with volume. Going lower.
MSA 46.84 +1.43. Going to 50 then higher to 55 and 60. Buy here.
FRO 43.35 +.87. 11.65% dividend. Keep an eye on this for a lower price to buy.
20071103 Before Open
DJIA 13,543.40
NASDAQ 2,795.18
S&P 500 1,502.17
Silver and gold keep running.
RGLD 29.41 on high volume. Down 3.31 yesterday on announcement of preferred shares being offered. Watch how it holds at 28.
BMD 1.23. 52 week low.
C 35.9. Citi cuts profit as CEO quits
NEW YORK (Reuters) - Citigroup Inc (C.N) reduced its third-quarter earnings a day after embattled Chairman and Chief Executive Charles "Chuck" Prince quit, as the U.S. bank's losses on subprime mortgages and other risky securities climbed.
ADVERTISEMENT
The latest bad news sent Citigroup shares down 3 percent to $36.58 in pre-market trade.
Citi on Monday said it reduced its earnings to 44 cents a share from the 47 cents reported on October 15. The New York commercial and investment banking giant said the reduction reflects the lower value of $43 billion in collateralized debt obligations (CDOs)...
GIGM 23.87. Looking to go long for day.
CROX 41.45.
NASDAQ 2,795.18
S&P 500 1,502.17
Silver and gold keep running.
RGLD 29.41 on high volume. Down 3.31 yesterday on announcement of preferred shares being offered. Watch how it holds at 28.
BMD 1.23. 52 week low.
C 35.9. Citi cuts profit as CEO quits
NEW YORK (Reuters) - Citigroup Inc (C.N) reduced its third-quarter earnings a day after embattled Chairman and Chief Executive Charles "Chuck" Prince quit, as the U.S. bank's losses on subprime mortgages and other risky securities climbed.
ADVERTISEMENT
The latest bad news sent Citigroup shares down 3 percent to $36.58 in pre-market trade.
Citi on Monday said it reduced its earnings to 44 cents a share from the 47 cents reported on October 15. The New York commercial and investment banking giant said the reduction reflects the lower value of $43 billion in collateralized debt obligations (CDOs)...
GIGM 23.87. Looking to go long for day.
CROX 41.45.
Thursday, November 01, 2007
20071101 PM
DJIA 13,567.87 -362.14
NASDAQ 2,794.83 -64.29
S&P 500 1,508.44 -40.94 This week can go down another 20 points. Longer term going down to 1370 (from August).
CROX 47.74 -27.01 with huge volume.
XOM 88.5 -3.49 with good volume. They claim they aren't making money with oil at record highs.
GNCMA 9 -2.73 with huge volume.
LVS 125.3 -7.78. Earnings, going much lower after hours.
NGD 7.15 +.58. Mining permitting completed. May 29, 2006 high was 10.45.
NASDAQ 2,794.83 -64.29
S&P 500 1,508.44 -40.94 This week can go down another 20 points. Longer term going down to 1370 (from August).
CROX 47.74 -27.01 with huge volume.
XOM 88.5 -3.49 with good volume. They claim they aren't making money with oil at record highs.
GNCMA 9 -2.73 with huge volume.
LVS 125.3 -7.78. Earnings, going much lower after hours.
NGD 7.15 +.58. Mining permitting completed. May 29, 2006 high was 10.45.
20071101 AM Relative Strength
DJIA 13,724.02 -205.99
NASDAQ 2,823.87 -35.25
S&P 500 1,526.79 -22.59
BMD 1.48 +.01. Low priced miner. Strong.
SRS 92.24 +4.54.
NASDAQ 2,823.87 -35.25
S&P 500 1,526.79 -22.59
BMD 1.48 +.01. Low priced miner. Strong.
SRS 92.24 +4.54.
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