Thursday, May 14, 2009

Wednesday, May 13, 2009

Trendline Update



I thought this thing was going to break a while ago, so lets see what happens this time.

Stocks Near Lows

DRYS 6.07
KEY 5.54
X 26.61
UNG 16.32
PLD 7.3
KIM 9.9
AKS 11.34
AA 8.63
LVS 8.29
CELG 40.65
ACI 16.68
CLF 22.13
USO 32.11
MT 24.15

52 week low/high update

For non etf stocks I listed previously here are their new prices, and the performance for today.

Stocks at or near low continue to make new lows.
DRYS 6.05 -13.45%
X 26.7 -7.52%
KEY 5.6 -6.67%
UNG 16.36 -6.30%
PLD 7.22 -13.01%
USO 32.09 -1.65%

Stocks close to highs hold up better:
MYL 13.56 -0.59%
AZO 154.48 -1.59%
SGP 23.4 1.47%
ARO 31.81 -4.24%
FDO 30.5 -1.07%
DRI 32.92 -5.65%
HANS 42.72 -2.04%
GMCR 78.17 -2.29%


Much better performance.

Monday, May 11, 2009

52 week low

FAZ 5.16 0.37
SRS 21.45 0.75
TZA 26.20 1.12
SKF 43.01 1.63
DUG 18.55 2.49
BGZ 38.80 2.67
DRYS 6.85 3.63
TWM 46.25 3.68
X 29.23 7.01
KEY 6.33 7.38
UNG 16.70 7.83
UYG 4.21 8.82
PLD 8.45 9.75
USO 32.25 9.86
QID 37.08 9.94

Select charts






52 week high

Liquid stocks close to their 52-week highs

GMCR 83.94 100
HANS 43.55 100
VNUS 28.81 100
MYL 13.84 88
AZO 158.99 87
SGP 22.68 85
ARO 33.93 84
FDO 32.00 82
DRI 35.94 81









Wednesday, May 6, 2009

Charts

Some more bullish plays. It is very hard to find stocks that are not extended.

RF

Sloppy action.

ALL

Flagged yesterday, broke to the upside during the day.

EQR


KIM

Tuesday, May 5, 2009

Charts

RF

Crazy volatile stock, but it looks like it will continue higher as long as these higher lows keep up.

PLD

Starting to edge up.


This thing can break to the upside pretty fierce.

Coal stocks have been getting some crazy action recently. Maybe a buy the dip play, but at this point, intraday trades only.

PCX


MEE


JRCC


ARO

Just a wacky stock, wanted to share.

ALL

Potential breakout.

Monday, May 4, 2009

Friday, May 1, 2009

A Nice Way to Kick off the Month

No, not regarding stocks.

With 3 failed banks.

Read more.

The FDIC estimates that the cost to the Deposit Insurance Fund will be $1.3 billion, making it the fourth costliest bank failure since the start of the recession. "It is a bigger hit to the insurance fund than they have seen in the last couple weeks," Marinac said. "This is a bigger issue than we have seen in awhile."

Cache Valley Bank, based in Logan, Utah, is assuming all deposits, paying discounted price of $352,000. It also agreed to buy nearly $11 million worth of America West's assets and took a 30-day option to purchase loans at book value. The FDIC estimates that the cost to the Deposit Insurance Fund will be $119.4 million.