Commentary on Trading, Investing, Stock Charts, Wall Street and the Financial Markets http://www.buysellstop.com/ Stock investing and trading, Technical Analysis of Stock Charts and Wall Street News by Robert Perrego. technical analysis, stock charts, wall street, stock trading, stocks, stock investing, trading, investing Business Stocks, Technical Analysis & Wall Street en Copyright 2010 robert@stocktradingcards.com (Robert James Perrego) robert@stocktradingcards.com http://www.buysellstop.com/images/rob%20comp%20mik%20resized.jpghttp://www.buysellstop.com/ Tue, 12 Oct 2010 17:31:07 GMT Tue, 12 Oct 2010 17:31:07 GMT RSS DreamFeeder v 2.5.2 The United States of America was once the place all immigrants fled to when wherever they came from was unlivable. For example, the Irish migrated here during their potato famine. Many groups migrated here for opportunity, to escape religious persecution or simply to get something to eat. For whatever reason, this country has been built by many different peoples. This issue usually seems to become a hot topic when jobs are scarce and times are difficult and today has been supercharged by Arizona demanding to be able to protect their State border. The United States of America was once the place all immigrants fled to when wherever they came from was unlivable. For example, the Irish migrated here during their potato famine. Many groups migrated here for opportunity, to escape religious persecution or simply to get something to eat. For whatever reason, this country has been built by many different peoples. This issue usually seems to become a hot topic when jobs are scarce and times are difficult and today has been supercharged by Arizona demanding to be able to protect their State border. http://www.buysellstop.com/articles/The_Immigration_Issue_and_Economic_Pragmatism.html Tue, 12 Oct 2010 17:30:29 GMT Robert Perrego data:text/plain,manual:1286904667113:904818273008753:http://www.buysellstop.com/feed.xml Using stock charts or technical analysis to invest or position trade stocks works. A lot of investors/traders make their stock picks by analyzing a company’s fundamentals which involves the price-earnings ratio, growth, business lines etc… This fundamental approach is valid and works well except when the market is headed lower as ‘When the tide goes out, all ships go down.’ You may have noticed this in 2008 when your broker was probably calling you and telling you to buy saying ‘stocks have not been this cheap since 2004, you have to buy!’ Using stock charts or technical analysis to invest or position trade stocks works. A lot of investors/traders make their stock picks by analyzing a company’s fundamentals which involves the price-earnings ratio, growth, business lines etc… This fundamental approach is valid and works well except when the market is headed lower as ‘When the tide goes out, all ships go down.’ You may have noticed this in 2008 when your broker was probably calling you and telling you to buy saying ‘stocks have not been this cheap since 2004, you have to buy!’ http://www.buysellstop.com/articles/Watching_the_Detectives.html Wed, 22 Sep 2010 17:36:26 GMT Robert James Perrego data:text/plain,manual:1285177008239:5207822073070891:http://www.buysellstop.com/feed.xml The two major gold ETF’s (exchange traded funds) are the SPDR Gold Shares (GLD) and the Market Vectors Gold Miners (GDX). This GLD actually holds physical gold in a vault in London and the GDX is like a mutual fund of companies all of which have mining for gold as their primary business line. As the price of gold goes higher, the GLD will track that price move at roughly a 10 to 1 ratio but more leverage to the price of gold can be found in the GDX. New York spot gold is trading at $1,268.50 right now (11:17 e.s.t.) with a move of 1.89% or $23.50 today while the GLD is up $2.42 or 1.98%. The GDX is up $2.43 or 4.58% which is more than double the gold or GLD move in percentage terms. Why? The two major gold ETF’s (exchange traded funds) are the SPDR Gold Shares (GLD) and the Market Vectors Gold Miners (GDX). This GLD actually holds physical gold in a vault in London and the GDX is like a mutual fund of companies all of which have mining for gold as their primary business line. As the price of gold goes higher, the GLD will track that price move at roughly a 10 to 1 ratio but more leverage to the price of gold can be found in the GDX. New York spot gold is trading at $1,268.50 right now (11:17 e.s.t.) with a move of 1.89% or $23.50 today while the GLD is up $2.42 or 1.98%. The GDX is up $2.43 or 4.58% which is more than double the gold or GLD move in percentage terms. Why? http://www.buysellstop.com/articles/Ascending_Triangle_in_the_GDX.html Tue, 14 Sep 2010 16:15:01 GMT Robert James Perrego data:text/plain,manual:1284480933689:8072933908951238:http://www.buysellstop.com/feed.xml Scanning through the S&P 500 to find stocks in decently definable uptrends gives us thirty four stocks. Ten of these thirty four stocks are utilities. This is not surprising as the summer usually sees utility earnings ramp up with the use of air conditioners and traders play those earnings by buying up the stock. Another reason to own a utility stock in a market as fickle as this one is that they usually pay a solid dividend, and a dividend is at least some cushion to downside exposure. Of the remaining twenty four stocks we see no less than ten stocks I have previously recommended. All ten of these stocks are now higher than when I first wrote about them. First, let’s tackle the utilities; Scanning through the S&P 500 to find stocks in decently definable uptrends gives us thirty four stocks. Ten of these thirty four stocks are utilities. This is not surprising as the summer usually sees utility earnings ramp up with the use of air conditioners and traders play those earnings by buying up the stock. Another reason to own a utility stock in a market as fickle as this one is that they usually pay a solid dividend, and a dividend is at least some cushion to downside exposure. Of the remaining twenty four stocks we see no less than ten stocks I have previously recommended. All ten of these stocks are now higher than when I first wrote about them. First, let’s tackle the utilities; http://www.buysellstop.com/articles/Looking_for_Strong_Stocks_Stocks_In_Uptrends.html Tue, 07 Sep 2010 22:45:17 GMT Robert James Perrego data:text/plain,manual:1283899574546:1508260639002571:http://www.buysellstop.com/feed.xml New Scientific Breakthrough – Love is the Cause of Global Warming! Now I know what you are saying, how could the scientists possibly prove that love was causing global warming? Well, a group of Ph.D’s in East Anglia U.K. said they proved it was carbon dioxide that was causing global temperatures to rise and now we are finding out, ehhhhhh... maybe not. If they can prove a gas that comprises 0.039% (0.00039) of the atmosphere could actually be causing worldwide temperatures to rise, then if you offer them enough money for research grants I bet they can prove love is the cause. New Scientific Breakthrough – Love is the Cause of Global Warming! Now I know what you are saying, how could the scientists possibly prove that love was causing global warming? Well, a group of Ph.D’s in East Anglia U.K. said they proved it was carbon dioxide that was causing global temperatures to rise and now we are finding out, ehhhhhh... maybe not. If they can prove a gas that comprises 0.039% (0.00039) of the atmosphere could actually be causing worldwide temperatures to rise, then if you offer them enough money for research grants I bet they can prove love is the cause. http://www.buysellstop.com/articles/New_Scientific_Breakthrough_Love_is_the_Cause_of_Global_Warming.html Mon, 06 Sep 2010 20:10:24 GMT Robert James Perrego data:text/plain,manual:1283803858934:13904664729351268:http://www.buysellstop.com/feed.xml With growth expected to be tepid at best here in the United States for the next few years, you would be well served to allocate a portion of your portfolio overseas. The BRIC’s have been said to be the place to be over the past few years but I have found a few more economies that you might want to consider. I call them the ABC’s of foreign countries to invest in; Australia, Brazil and Canada. The big economic revolution of the past decade has been China. This ‘C’ is somewhat captured in my ABC as China is in the top three of import partners and export partners for the ABC’s, especially Australia. Portfolio diversification theory is basically the answer to ‘don’t put all your eggs in one basket.’ A well diversified portfolio should have stocks from five to six different sectors. Studies have shown that once you diversify your portfolio beyond ten sectors you start to lose return in your search to control risk. A way to diversify past sectors is to diversify your portfolio across countries. With growth expected to be tepid at best here in the United States for the next few years, you would be well served to allocate a portion of your portfolio overseas. The BRIC’s have been said to be the place to be over the past few years but I have found a few more economies that you might want to consider. I call them the ABC’s of foreign countries to invest in; Australia, Brazil and Canada. The big economic revolution of the past decade has been China. This ‘C’ is somewhat captured in my ABC as China is in the top three of import partners and export partners for the ABC’s, especially Australia. Portfolio diversification theory is basically the answer to ‘don’t put all your eggs in one basket.’ A well diversified portfolio should have stocks from five to six different sectors. Studies have shown that once you diversify your portfolio beyond ten sectors you start to lose return in your search to control risk. A way to diversify past sectors is to diversify your portfolio across countries. http://www.buysellstop.com/articles/foreign_country_investing_australia_canada_brazil_abc.html Mon, 23 Aug 2010 20:01:13 GMT Robert James Perrego data:text/plain,manual:1282593707286:33221073277336556:http://www.buysellstop.com/feed.xml The market had a strong day today on the backs of lower fears of deflation and Wal-Mart Stores Inc. (WMT) upward guidance for their full year sales estimates. This earnings season has had most stocks beat guidance providing for a July rally and more earnings are still expected. The bearish moves in the market have come as a result of still poor jobs numbers and economic reports. For the rest of this week we have a slow economic calendar and if we get by Thursday’s Jobless Claims unscathed there remains some upside room. The market had a strong day today on the backs of lower fears of deflation and Wal-Mart Stores Inc. (WMT) upward guidance for their full year sales estimates. This earnings season has had most stocks beat guidance providing for a July rally and more earnings are still expected. The bearish moves in the market have come as a result of still poor jobs numbers and economic reports. For the rest of this week we have a slow economic calendar and if we get by Thursday’s Jobless Claims unscathed there remains some upside room. http://www.buysellstop.com/articles/Stock_Chart_Work_Tuesday_Pennants_Trend_Channels_Breakouts_and_Bounce_Backs.html Wed, 18 Aug 2010 03:09:19 GMT Robert Perrego data:text/plain,manual:1282100990181:7041785117970957:http://www.buysellstop.com/feed.xml The market jumped on addition by subtraction today with the Producer Price Index (PPI) being reported at or above expectations. The Dow Jones Industrial Average added 104 points (+1.04%, 10,406) and the S&P 500 jumped 13.16 points (+1.21%, 1092) while the tech heavy Nasdaq 100 rose 23.86 points (+1.30%, 1845). The indices were stronger during the trading day but a sell-off in the last hour took the DJIA down almost 50 points. The market jumped on addition by subtraction today with the Producer Price Index (PPI) being reported at or above expectations. The Dow Jones Industrial Average added 104 points (+1.04%, 10,406) and the S&P 500 jumped 13.16 points (+1.21%, 1092) while the tech heavy Nasdaq 100 rose 23.86 points (+1.30%, 1845). The indices were stronger during the trading day but a sell-off in the last hour took the DJIA down almost 50 points. http://www.buysellstop.com/articles/Wall_Street_Wrap_August_17.html Tue, 17 Aug 2010 20:40:09 GMT Robert Perrego data:text/plain,manual:1282077639459:7824472847930489:http://www.buysellstop.com/feed.xml claim dummy claim dummy http://www.buysellstop.com/articles/dummy_page_for_blog_claim.html Sun, 15 Aug 2010 23:47:32 GMT Robert Perrego data:text/plain,manual:1281916083630:8918987994664984:http://www.buysellstop.com/feed.xml Gold has been going sideways since early May with the New York Spot ounce price at $1,204.80. So why should you get in now? Gold traditionally runs up in the fall almost every year. Why? One of the biggest reasons is that India, the world’s largest gold consumer, has its wedding season every year from September to December. It is a cultural practice to decorate the bride with as much gold as can be afforded and this is a big contributor to the price of gold running up every fall – and in particular September. Gold has been going sideways since early May with the New York Spot ounce price at $1,204.80. So why should you get in now? Gold traditionally runs up in the fall almost every year. Why? One of the biggest reasons is that India, the world’s largest gold consumer, has its wedding season every year from September to December. It is a cultural practice to decorate the bride with as much gold as can be afforded and this is a big contributor to the price of gold running up every fall – and in particular September. http://www.buysellstop.com/articles/Why_Gold_will_Start_Shining_Again_Soon.html Tue, 10 Aug 2010 23:52:42 GMT Robert Perrego data:text/plain,manual:1281484392861:1457042469883273:http://www.buysellstop.com/feed.xml Tomorrow at 8:30 a.m. the government will release the headline unemployment number. Analysts expect the number to come in up one-tenth of a percent at 9.6% and a loss of 70,000 jobs. If the number jumps to 9.7% or the job loss number is above 150,000, the market will most likely drop. If the market is going lower you can make money getting short the following stocks; Tomorrow at 8:30 a.m. the government will release the headline unemployment number. Analysts expect the number to come in up one-tenth of a percent at 9.6% and a loss of 70,000 jobs. If the number jumps to 9.7% or the job loss number is above 150,000, the market will most likely drop. If the market is going lower you can make money getting short the following stocks; http://www.buysellstop.com/articles/Playing_the_Employment_Report_Friday_5_Longs_and_5_Shorts.html Thu, 05 Aug 2010 23:08:46 GMT Robert James Perrego data:text/plain,manual:1281049773121:5242155086003777:http://www.buysellstop.com/feed.xml After yesterday’s large gain, stocks dropped slightly today with the S&P 500 losing 5.40 points (-0.48%, 1,120). The Dow Jones Industrial Average finished lower by 38.00 points (-0.35%, 10,636) and the Nasdaq 100 lost 7.18 points (-0.37%, 1,891) Today’s market action was a win as many of the economic reports released today were below expected. There were three numbers released that involved the retail market with the weekly ICSC-Goldman Store Sales reporting at -0.1% compared to last weeks rise of 0.6%. Domestic Motor vehicle sales were expected to come in at an annual rate of 8.8 million and the reported number was 8.9 million. Redbook’s chain store, discounters and department store sales reported a year-over-year growth of 3.0% compared to a prior 2.7% growth. After yesterday’s large gain, stocks dropped slightly today with the S&P 500 losing 5.40 points (-0.48%, 1,120). The Dow Jones Industrial Average finished lower by 38.00 points (-0.35%, 10,636) and the Nasdaq 100 lost 7.18 points (-0.37%, 1,891) Today’s market action was a win as many of the economic reports released today were below expected. There were three numbers released that involved the retail market with the weekly ICSC-Goldman Store Sales reporting at -0.1% compared to last weeks rise of 0.6%. Domestic Motor vehicle sales were expected to come in at an annual rate of 8.8 million and the reported number was 8.9 million. Redbook’s chain store, discounters and department store sales reported a year-over-year growth of 3.0% compared to a prior 2.7% growth. http://www.buysellstop.com/articles/Wall_Street_Wrap_Market_Down_Slightly_Win_aug_3.html Tue, 03 Aug 2010 20:31:54 GMT Robert James Perrego data:text/plain,manual:1280867546817:6560466405004665:http://www.buysellstop.com/feed.xml The S&P 500 added over 24 points today and more importantly the index closed in territory to form a higher high. Higher highs and higher lows are what form an uptrend (for more information on trends see www.StockTradingCards.com). With today’s close at 1125.88, the S&P 500 took out its previous cyclical high close of 1115.01 and the June high close at 1117.51. Not only does today’s close make the 500’s chart look more bullish, but it has dragged the 50 day exponential moving average above the 200 day EMA. You may have been hearing a lot about a ‘Black Cross’ or ‘Death Cross’ in the financial media lately. These crosses are when the 50 drops below the 200. With today’s 50 tip toeing above the 200, we get a ‘Golden Cross’ and as its name seems to say, it is money bullish. The S&P 500 added over 24 points today and more importantly the index closed in territory to form a higher high. Higher highs and higher lows are what form an uptrend (for more information on trends see www.StockTradingCards.com). With today’s close at 1125.88, the S&P 500 took out its previous cyclical high close of 1115.01 and the June high close at 1117.51. Not only does today’s close make the 500’s chart look more bullish, but it has dragged the 50 day exponential moving average above the 200 day EMA. You may have been hearing a lot about a ‘Black Cross’ or ‘Death Cross’ in the financial media lately. These crosses are when the 50 drops below the 200. With today’s 50 tip toeing above the 200, we get a ‘Golden Cross’ and as its name seems to say, it is money bullish. http://www.buysellstop.com/articles/Higher_High_Today_Breakout_S_P_500.html Tue, 03 Aug 2010 01:18:17 GMT Robert James Perrego data:text/plain,manual:1280798358080:4462405:http://www.buysellstop.com/feed.xml Intuitve Surgical Inc. (NSDQ: ISRG) dropped over 16 points in this mornings pre-market trading after reporting earnings Wednesday night. ISRG reported an earnings beat of 15 cents ($2.19 a share vs $2.04 expected by analysts) but it seems Wall Street does not like its current high valuation with a high p/e of over 40. Intuitve Surgical Inc. (NSDQ: ISRG) dropped over 16 points in this mornings pre-market trading after reporting earnings Wednesday night. ISRG reported an earnings beat of 15 cents ($2.19 a share vs $2.04 expected by analysts) but it seems Wall Street does not like its current high valuation with a high p/e of over 40. http://www.buysellstop.com/articles/Update_on_Intuitive_Surgical_ISRG.html Fri, 30 Jul 2010 00:59:39 GMT Robert Perrego data:text/plain,manual:1280451616649:45215294674128740:http://www.buysellstop.com/feed.xml