Monday, September 18, 2006
Sector Spotlight: Energy
The strength in this market is remarkable. The semi's are blasting off, and so are the beaten down energy stocks. The bear market that was supposed to happen has been postponed.
Frankly, when looking at intra-day gains in TRID (+7%), NVEC (+8%) and MRVL (4.5%)-- it staggers me.
This isn't supposed to happen, right?
Well, the bulls are pressing the bears for capitulation. They smell blood and they are going after the main artery, the semi's.
As for the oil stocks: They are bouncing today and hopefully will stabilize. Although I have a nice chunk of change in VLO, I am not ready to declare a bottom in the oils. However, I do believe we are close. Furthermore, all the Cramer-ites who are predicting $50 oil by Halloween will be wearing egg face when it kicks back up to $70.
Bottom line: The market is likely to trade higher, partly due to weak kneed shorts covering to save their pathetic equity. However, I still think the buy tickets made for SOX stocks are being authored by brainless fucktards.
NOTE: Please take the new "Fly Survey" on the left hand side of the page. "Where is oil going next?"
The following energy stocks are showing some mojo:
OMNI +14.5%
PXP +9.8%
SYNM +7.8%
USU +5.2%
FPP +5.1%
RIG +4.4%
CAM +4.2%
EOG +4.1%
GMRK +4%
LUFK +4%
DYN +3.1%
STO +3%
ECA +3% J
JOYG +2.9%
Frankly, when looking at intra-day gains in TRID (+7%), NVEC (+8%) and MRVL (4.5%)-- it staggers me.
This isn't supposed to happen, right?
Well, the bulls are pressing the bears for capitulation. They smell blood and they are going after the main artery, the semi's.
As for the oil stocks: They are bouncing today and hopefully will stabilize. Although I have a nice chunk of change in VLO, I am not ready to declare a bottom in the oils. However, I do believe we are close. Furthermore, all the Cramer-ites who are predicting $50 oil by Halloween will be wearing egg face when it kicks back up to $70.
Bottom line: The market is likely to trade higher, partly due to weak kneed shorts covering to save their pathetic equity. However, I still think the buy tickets made for SOX stocks are being authored by brainless fucktards.
NOTE: Please take the new "Fly Survey" on the left hand side of the page. "Where is oil going next?"
The following energy stocks are showing some mojo:
OMNI +14.5%
PXP +9.8%
SYNM +7.8%
USU +5.2%
FPP +5.1%
RIG +4.4%
CAM +4.2%
EOG +4.1%
GMRK +4%
LUFK +4%
DYN +3.1%
STO +3%
ECA +3% J
JOYG +2.9%
Comments:
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Good Afternoon Broker !
At the bottom of this comment I will post a quote from Jim cramers mad money (last friday) lighting round--I think it would be nice if you can post it on your page as a contiuneis sort of moving gif! or just keep it somwhere on you page,because its classic cramer,and he will be sorry for it_
"Hercules Offshore (HERO - news - Cramer's Take): "Oil service, really scary. I can't recommend it. Next six weeks are going to be worse than the last six weeks.""
earl.
At the bottom of this comment I will post a quote from Jim cramers mad money (last friday) lighting round--I think it would be nice if you can post it on your page as a contiuneis sort of moving gif! or just keep it somwhere on you page,because its classic cramer,and he will be sorry for it_
"Hercules Offshore (HERO - news - Cramer's Take): "Oil service, really scary. I can't recommend it. Next six weeks are going to be worse than the last six weeks.""
earl.
# posted by 
: 12:32 PM
: 12:32 PM 
As for todays action,folks are think ing OPEC may cuy production soon and also the winter heating season-earl
# posted by : 12:42 PM
: 12:42 PM
One thing the Saudis don't want is for the US to leave Iraq. Expect them to be undercutting oil prices at least thru the election.
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# posted by : 12:47 PM
: 12:47 PM << Home
