Jun

22

Trading Ideas for Monday

Teresa Lo @ 7:09 PM | | Leave a Comment

The stock scan conducted after the close on Friday found 8 winners and 151 losers. Click on the column headers below to sort the list of winners.

The scan is designed to find stocks that are current “in play”; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares). The entire list has been ranked and sorted relative to performance against the S&P 500 and the NASDAQ 100 indexes. Please refer to the podcast for background information.

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Jun

22

Portfolio Strategy for June 23

Teresa Lo @ 6:38 PM | | 1 Comment

If you enjoy reading our blog and trading ideas, why not buy us a cup of coffee to show your support? Membership is only 53 cents per day! Treat yourself to 24/7/365 access to professional insight, daily market barometer readings, weekly ETF rankings, portfolio strategy, trading tools, comment privileges and the occasional stock pick. You’re only a click away from viewing this article...

Jun

20

A Look at the HMOs

Pete @ 4:51 PM | | Leave a Comment

We recently wrote about weakness in the major drugs industry. On Wednesday, another healthcare-related industry — insurance, accident and health — saw downside pressure after Coventry Health Care Inc (CVH) made a surprise announcement that it was lowering its guidance 46% for the second quarter.

Trading Ideas for Thursday featured a couple of insurance companies in losers list. Let’s look at six companies that are involved in the industry that are members of Health Care SPDR (XLV).

Aetna Inc. (AET)

  • Aetna expects 2008 operating earnings of $4 a share
    Aetna (AET) on Thursday said it expects 2008 operating earnings of $4 a share and second-quarter operating earnings of 93 cents a share. Wall Street analysts are forecasting earnings of $3.96 a share for 2008 and 94 cents a share for the second quarter, on average

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Daily bar chart with 50- and 200-day moving averages

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Daily bar chart with Swing Line applied

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Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

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Jun

20

Chinese Oil Companies and Investor Sentiment

Pete @ 3:45 PM | | Leave a Comment

In January 2008, we asked if PetroChina (PTR) was “Out of Gas?”

PetroChina (PTR) and China Petroleum & Chemical Corp. (SNP) have underperformed the broad market, partly due to government imposed subsidies for domestic fuel prices for consumers. PTR and SNP had a nice jump in price yesterday as China announced a surprise fuel price hike of around 18%:

  • China shocks with 18 percent fuel price rise
    China raised retail gasoline and diesel prices on Thursday by up to 18 percent, a move that threatens to stoke domestic angst over decade-high inflation less than two months before Beijing hosts Olympics games.

We will look at both companies from a broader perspective. Traders are also paying attention to potential resistance levels.

YTD Comparison ($SPX, FXI, USO, PTR, SNP)

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Jun

19

Trading Ideas for Friday

Teresa Lo @ 8:12 PM | | Leave a Comment

The stock scan conducted after the close on Thursday found 20 winners and 36 losers. Click on the column headers below to sort the entire list.

The scan is designed to find stocks that are current “in play”; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares). The entire list has been ranked and sorted relative to performance against the S&P 500 and the NASDAQ 100 indexes. Please refer to the podcast for background information.

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Jun

18

Trading Ideas for Thursday

Teresa Lo @ 8:21 PM | | Leave a Comment

The stock scan conducted after the close on Wednesday found 27 winners and 115 losers. Click on the column headers below to sort the list of winners.

The scan is designed to find stocks that are current “in play”; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares). The entire list has been ranked and sorted relative to performance against the S&P 500 and the NASDAQ 100 indexes. Please refer to the podcast for background information.

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Jun

17

Trading Ideas for Wednesday

Teresa Lo @ 4:34 PM | | Leave a Comment

The stock scan conducted after the close on Tuesday found 25 winners and 46 losers. Click on the column headers below to sort the entire list.

The scan is designed to find stocks that are current “in play”; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares). The entire list has been ranked and sorted relative to performance against the S&P 500 and the NASDAQ 100 indexes. Please refer to the podcast for background information.

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Jun

17

Podcast: Sentiment, Spuds and Shoppers

Pete @ 4:04 PM | | Leave a Comment

In the preamble, we discussed the price of a staple food that is NOT subject to speculative trading in the futures market: the lowly spud. 2008 happens to be the United Nations International Year of the Potato. For more, check out the June 13th podcast of The Current at CBC (scroll down to Part 2).

  • Right click ON THIS LINK and select “Save Target/Link As…” to save the MP3 file to your computer.

Other articles mentioned were:

  • Suburbs a Mile Too Far for Some
    Todd Zimmerman, a housing consultant and an early advocate of pedestrian-friendly community planning known as New Urbanism, said demographic and cultural factors explain a big part of the trend. Baby boomers and millennials are the country’s two biggest generations, with some 82 million and 78 million people born during their respective eras. Both flocks are leaving their nests and finding that higher-density urban housing fits their lifestyles. “Millennials and baby boomers are in perfect sync. They are at a stage where they both want the same thing,” said Mr. Zimmerman, a co-managing director at Zimmerman/Volk Associates Inc. in Clinton, N.J. He said the populations of Americans in their 20s and in their 50s are rising and will add eight million potential housing consumers by the time their numbers peak in 2015. “You’ve got a recipe for reurbanization on a dramatic scale,” he said.
  • Is America’s suburban dream collapsing into a nightmare?
    Yet Nelson also estimates that in 2025 there will be a surplus of 22 million large-lot homes that will not be left vacant in a suburban wasteland but instead occupied by lower classes who have been driven out of their once affordable inner-city apartments and houses. The so-called McMansion, he said, will become the new multi-family home for the poor.

Market Sentiment Survey

The InVivo Objective Sentiment Survey tracks the number of buy and sell signals amongst the constituent stocks of the S&P 100 and NASDAQ 100 indexes.

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