InvestingFreak.com Investing, market, stocks, money, economy

21Aug/09

8-20-2009.. another repeat of 7-13-2009 ?

If you have been following my current picks page you might have noticed that most of the symbols received buy signals on 7-13-2009 which is when the March rally was coming to a correction but then bounced. Will we have another case of this with 8-20-2009?
I was hoping we wouldn't that is why I posted those charts yesterday thinking  we had topped. Well my automated strategy was saying otherwise and I completely Ignored it.

Normally I would just update the current picks page but this time around I have decided to make a blog post.
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Market Indices and other important Quotes
(Note: I understand you can’t purchase an index so bear with me these are just signals)

Symbol

Buy Date

Sell Date

$SPX

8-20-2009

$INDU

8-20-2009

$COMPX

8-20-2009

QQQQ

8-20-2009

IWM

8-20-2009

SPY

8-20-2009

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The Rest of the Symbols (More will be added per request)

Symbol

Buy Date

Sell Date

IYR

8-21-2009

AAPL

8-20-2009

DRYS

8-14-2009

SDS

8-20-2009

SRS

8-20-2009

SSO

8-20-2009

SKF

8-20-2009

UYG

8-20-2009

URE

8-21-2009

JNK

8-21-2009

HYG

8-7-2009

REW

8-20-2009

QID

8-20-2009

QLD

8-20-2009

XLF

8-20-2009

DIG

8-20-2009

DUG

8-20-2009

SMN

8-20-2009

VXX

8-19-2009

The VIX  ETF signaled a sell before the rest of the signals came in the following day. That is interesting.

-K

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19May/09

Summary of picks from yesterday

Yesterday’s picks turned out to be right on. Although with pathetic moves, AMD gained its way up. It has been trying to break its new resistance at $4.50 majority of the day. Unfortunately, I followed my plan and sold it in the morning to break even (including commission) because I did not have any more patience from watching it a day before. If I would have kept it for the day and trust my own gut, I could have made easy $0.2501 per share (or 6%). I hope some of you had more patience and easily profited on AMD. The lesson to be learned from this is that I’m very impatient trader.

AIB is hanging strong. Even though I intended to keep it for a longer period of time, I sold it with $0.26 per share profit (or 9%) because I needed net liquidity for other trades I did today. With that said, AIB is still a keeper and I will very likely get back into this stock some time this or next week.

Company Buy Date Sell Date Buy Price Sell Price Gain/Loss
AMD 5/18/09 5/19/09 $4.1399 $4.15 -
AIB 5/18/09 5/19/09 $2.89 $3.15 9%

Although single digit, 9% profit overnight is always nice.

Let me know what you think about those two picks in the comment box.

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7Jul/08

Is The Oil Bubble Ready To Burst?

Bubbles Always Have a Limit where they can no longer grow and sustain the hype.

I have seen oil run up like many of you have but without owning a car it hasn't hurt my wallet yet.

I've been thinking of investing in an oil shorting stock (Exchange traded Fund in this case.)
Symbol: (DUG)   which bets that oil will go down. The ETF that bets for oil is (DIG) and the top 10 holdings are listed below.  DUG basically almost shorts all those companies and more.

Top 10 Holdings For Dig
Security Description Weight
EXXON MOBIL CORP COM STK 25.21%
CHEVRON CORP COM STK 10.87%
CONOCOPHILLIPS COM STK 6.96%
SCHLUMBERGER COM USD0.01 6.45%
OCCIDENTAL PETROLEUM CORP 3.81%
DEVON ENERGY CORP(NEW) 2.62%
TRANSOCEAN INC. (NEW) COM 2.40%
HALLIBURTON CO COM STK 2.36%
APACHE CORP COM STK 2.35%
MARATHON OIL CORP COM STK 1.9

Source: ProShares

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Here is my usual chart showing the trend reversal the past few days.

It broke through the 50 day moving average and might make a modest run.


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An interesting chart showing that the oil price has touched base with the total oil consumption just like the 1980's bubble.
Source: SmartEconomy
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Disclaimer: I have not invested into DUG yet but it is getting very interesting.

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