Tuesday, January 23, 2007
Sector Spotlight: Energy
Ok, I get it, Energy related stocks really want to go higher. The slightest move in the commodity is making the sector jump-- making me rethink my oil=asshat theory. Plus, the dollar is getting knifed. When the dollar dips, all dollar denominated commodities rally.
Aside from oil, natty is on fucking fire. If I were to put my balls on the line and make a bet, I'd place chips on GGR, GMXR and UPL.
Bottom line: I am reversing my bearish stance on oil, probably because I am highly caffeinated.
Aside from oil, the market looks decent-- not great. I am somewhat concerned over the weakness in the Brokerage/Bank sector and select Networkers. Although, today would be a perfect day to impale the sellers-- I just don't see it happening without those two sectors participating.
Finally, Gold stocks are being accumulated--as the dollar takes a nosedive. Frankly, I don't know what to make of this, except to suggest being long FXE (Euro Currency Trust) or SVG (levered play on the XAU index).
NOTE: In case you were wondering, I had the Texas Double Whopper yesterday. By far, the best damn burger Burger King has ever made.
The following Energy stocks have mojo:
XNL +11.8%
HOKU +11.2%
BTJ +10.6%
DSTI +7.5%
PEIX +5.1%
GMXR +4.9%
Aside from oil, natty is on fucking fire. If I were to put my balls on the line and make a bet, I'd place chips on GGR, GMXR and UPL.
Bottom line: I am reversing my bearish stance on oil, probably because I am highly caffeinated.
Aside from oil, the market looks decent-- not great. I am somewhat concerned over the weakness in the Brokerage/Bank sector and select Networkers. Although, today would be a perfect day to impale the sellers-- I just don't see it happening without those two sectors participating.
Finally, Gold stocks are being accumulated--as the dollar takes a nosedive. Frankly, I don't know what to make of this, except to suggest being long FXE (Euro Currency Trust) or SVG (levered play on the XAU index).
NOTE: In case you were wondering, I had the Texas Double Whopper yesterday. By far, the best damn burger Burger King has ever made.
The following Energy stocks have mojo:
XNL +11.8%
HOKU +11.2%
BTJ +10.6%
DSTI +7.5%
PEIX +5.1%
GMXR +4.9%
Comments:
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Stagflation -- SO seventies.
21st century econo-speak:
Goldilocks. Soft landing.
21st century econo-speak:
Goldilocks. Soft landing.
# posted by 
: 10:56 AM
: 10:56 AM
So, how hoopla-hoopla can ethanol/AE get? I'm guessing these stocks can go a good bit further. Not only SOU tonight, but Clinton said this morn she can't wait to work with Bush on energy. Pelosi ditto. Schwarzeneger has turned into a true Californian pushing alt energy. I'm thinking ethanol sector keeps going after tonight for some months based on govt initiatives and a huge planting season bringing down corn a bit in few months.
Even ADM looks like it's turning. Solar looking good; SPWR saying f-you to Piper Jaffrey. When oil gets non-stupid, alt energy seems to get smart.
Even ADM looks like it's turning. Solar looking good; SPWR saying f-you to Piper Jaffrey. When oil gets non-stupid, alt energy seems to get smart.
Not much faith in this liitle rally. SMH is being held up by TXN which had earnings boosted by a tax credit. INTC & AMAT not doing much. I would short SMH for a daytrade.
"Not much faith in this liitle rally. SMH is being held up by TXN which had earnings boosted by a tax credit. INTC & AMAT not doing much. I would short SMH for a daytrade."
That's why your name is "tradercaddy."
Now, go get me some warm pizza, not hot, before I start throwing empty soda cans at you.
That's why your name is "tradercaddy."
Now, go get me some warm pizza, not hot, before I start throwing empty soda cans at you.
I would be interested to hear your take on the exchange stocks.
Asshat dippies may have gotten a gift on NYX today, but only if gets back over the 50dma line.
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Asshat dippies may have gotten a gift on NYX today, but only if gets back over the 50dma line.
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