I only plan on updating this blog when I
feel there is something of value to post.
PST
Aug 20, 2008
It
would be a shame if GM sells the Hummer line, as I think that would be
a perfect brand to launch a new powerful electric truck under, if GM
can turn itself around. They are onto the right idea, with a good
mass production electric chassis, to power a line of electric
cars, that consumers would
be able to order different body styles on. My father has always bought
a GM car. There is a lot of loyalty still. I think there may
be high risk to owning the stock right now though. People are no longer
seeing those do not pay for a full year deals on anything right now.
All
subprime stuff. I have that cold that has been going around now. Only
noting this chart tonight. I just can not see any major rally starting
from here. Beware gaps up as they may be hazardous to your wealth. One
more signal folks on the volatility indicator. One animal should be happy in the next few days, or so. If the dollar starts to go here, so may stocks. Keep loading up on junior gold, and oil stocks. We just linked a new service from this blog for you try. Chris Vermeulen, Thegoldandoilguy. He posts on safe haven as well.
Aug 19, 2008
This link is for my American friends. CMHC.
We do not have Fanny, or Freddy up here, I think what has just happened
may be proving the way it is done down south, may not be beneficial to
anyone, as there have been many global repercussions from the mortgage
fiasco.
I see no reason to go long. We may well get a rally, but I think it
would be good to short. No real damage as been done yet with this
decline, we may get to see a VIX spike soon as the volatility indicator has given another signal.
Aug 18, 2008
We
could break either way from here still, as there is not much of a
change in some of my indicators. Adlinex is above the zero line so we
may get a rally to short, if you are bearish. Bears may also get some
help from the Nasdaq, as the gap on Rim, may be as closed as it will
get for now. The volatility indicator just gave a signal to. We could be
days away from a major move. Bulls may still get CMO on the OEX chart
to tag the upper line.
Aug 15, 2008
Sorry I have
been so tired of late, you will know that when you see very brief
posts. The next 100 years should be interesting. A robot powered by
the brain cells from a rat, god knows what we will discover from that
experiment (not using human brain cells yet), but it will lead to a
step
closer to long distance space travel. I suspect we will end up
populating other worlds, not by conventional means, but by
sending out frozen embryos, as that is currently the only way we could
make a long distance trip. How they will be born is a challenge we may face, if society even lets
science experiment with that aspect, it is where we are going to have
battles, if it ever happens. I do not see this even being attempted, unless we become extremely advanced in our robotics.
Continue accumulating good junior gold, and oil stocks. Gold, and oil
should start moving back up when the Olympics are over. I think we have
been watching a massive short squeeze in the Russell.
It may end up making it back to 400 maybe next year along with DOW
8000, but in the mean time we may still get those gaps filled on the
upside on GE, and BDK if the bulls are lucky. Those two stocks I think
are good proxy on the market. Keep in mind though I saw a post for
Citibank being a 7 dollar stock again, which could happen. If this
happened, what would the value be for the rest of the stock market. GE
was a 12 dollar stock not too long ago, but we have the gap on the
upside, and war is also good for stocks. Right now the market is being
manufactured, notice the NYA has not yet moved up with the rally. I
have the feeling which ever way the NYA breaks, the market may follow
along. No recommendation either way here, but beware the downside, as
MAJ has not yet been able to tag the upper band. Have a great weekend!
Aug 14, 2008
We could get a rally today, which may setup for another 7 points, or more on the downside for the Russell.
Aug 13, 2008
I keep thinking today is Friday. Is the market done? Maybe, but there
still may get another gasp up, which may coinside with the falling 200
day on the OEX. What could be perfect woud be a 7 point drop on the
Russell from here, maybe settting up another small leg up here. A
sharp drop in the price of oil, if it happens, might be what could
start it. There is a gap on the upside on BDK that may get filled,
when is the question, as the gap seems far away at this point.
Aug 12, 2008
Sorry about
these server outages, this time I was told it was a hard drive failure.
The XAU may be putting in a bottom here. The highest I think we may go
from here, may be just under the 80 level on the IWM, and an outside
chance at 620 on the OEX, which may coincide with a upper band tag on
MAJ. I would be looking to close out the GE, and Ebay longs on any
rally from here, if we get one, or you may have to sit through pain.
Aug 11, 2008
I hope traders are aware of SSO, and SDS for trading. They are much
better bet if you can get market direction right, and you do not have
to worry about premium erosion. Options writers, are mostly the
ones that are making the real money with the OEX. We may
back, and fill from here, if the OEX is going to make an attempt to get
above 610. We could get a sharp drop any time before that, is what
the indicators are telling me. VIX should be concering the longs here
unless we get a 500 point blast off almost right away. Adlinex,
and PSI are right at the zero line again.
Aug 8, 2008
It is an
expiration week coming. If the US dollar starts to tank after next week, we
may get some serious down side. All I will venture from here is, we may
get 100 more DOW points on the downside, today, or Monday, before we may get some real
downside. We may not get any real movement until after the Olympics is
my guess. Might be worth taking a break next week. PEIX looks to be
rallying in to their earning date. We may get the hangover after. Have
a great weekend everybody!
Aug 7, 2008
I think it may be time too look for a short. I would take it on a
rally. We may not get more than a 7 point drop on the Russell for now.
If we spike above 610 on the OEX today, I would seriously consider a
bigger short. The OEX chart I posted yesterday is almost the same.
Aug 6, 2008
Would you believe there has
still been no breakout yet? It looks the
gap that I have been talking about on the NDX may get filled now, and
we may get MAJ to tag the upper band. If we start to trend above it ,
we may have something. Right now I would not look for more than 150 DOW
points, but we may get a surprise. Keep buying junior gold,
and OIL stocks. All I will say for my GE suggestion is, we may not be
out of the woods yet, but there is a good chance the large gap on the
daily will get filled, but it may not be until next year. We are near
the lower level on the XAU chart, I would say the correction is nearly
over, and the correction in gold may coincide with the ending of the
Olympics. I think PEIX will come out with earnings on Monday. I
would
not be too hopeful.
Aug 5, 2008
If anyone doubts ethanol is not here to stay, please check out http://www.poetenergy.com/.
It is privately held at this point, and I have read it is currently the
biggest ethanol producer. Arriba!! Tequila ethanol anyone? Argave.
Might be
Mexico's answer to ethanol. I was sitting looking at our garden when
I noticed how big sunflower plants get. Even the name suggests they
could be the world's answer to ethanol, if how big they can get means
anything. The price of oil may drop further, if what my brother
told me is true, the measures taken for the Olympics so far have have
had no effect. They may take all cars off the road, that have nothing
to do with the Olympics. Price of oil should spike back up after they
are over. PEIX is still a speculative stock, and may go to zero. I
suspect what the link indicates may be one of the reasons for the
recent selling.
I think Minis look much better than a Smart car, especially if the
right person is in it. I went though a bunch of Fiat Spyders in my
younger years. They were a blast to drive, and were cheap on gas. I
wonder if the Solstices are as fun to drive as well? I did spoil myself
for a few years when I found out I had MS. I had a newer Ford F150 4X4,
what a luxury drive that truck was. You would not even think you were
driving a truck.
The
market. Google has filled the gap on the daily, but there looks to be a
little more room on the downside, if we are going to use it for
possible market direction. I have to give the downside the benefit of
the doubt here. I have no recommendation, as this market seems to be
being pushed up. A two day 400 point pop is possible at any time. I think the US dollar, may be what is keeping the market up right now.
Aug 4, 2008
I get the
feeling we may need to sell off some more before we can put in a good
rally. PEIX may be putting in a cup, and handle bottom. The market is
not showing me anything meaningful right now. We may just try, and
meander higher setting up a possible short, if the selling does not
continue.
Aug 1, 2008
A non-event with today's report if the numbers do not excite either
way? We are stuck right in the middle of the recent range. 1360 may be
all we can get from here in the coming weeks with the recent lows
possible support. I have no recommendation,
but today may offer a launch pad to 1360. Ebay, and GE may be close to
possible support if you are thinking of a stock purchase. Have a great
weekend folks.
July 31, 2008
9:35 AM
We could get a massive rally on Friday if we get exellent empoyment numbers. The Momentum Cyles section is updated.
PEIX, or
SIRI?
Which one may do better in the coming years? I say no to further oil
exploration off the coast, not for environmental reasons, but to
conserve
oil. I believe it to be a rare commodity that should be hoarded. We
should
get by with rising prices, until we no longer make gasoline powered
vehicles. SIRI should do good as long as they are not dependent on two
satellites for revenue as they may break down. I have never looked in
to it. Both companies may require further capital to continue growing.
I will not bet the market may go higher from here, but we may at least
pause. I would look for no more than 15 OEX points by next week if we
continue to go up. MAJ may get to tag the upper band.
June
