Archive for September, 2009
Wednesday, September 30th, 2009
Today’s Stocks & Topics: Trend Lines, (DRYS) DryShips Inc., (WDC) Western Digital Corporation, (AXP) American Express Co., (OCNF) OceanFreight Inc., (JPM) JPMorgan Chase & Co., (FLY) Babcock & Brown Air Limited, (GNK) Genco Shipping & Trading Ltd., (JASO) JA Solar Holdings Co Ltd, (FRO) Frontline Ltd, (HTS) Hatteras Financial Corp.
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Tuesday, September 29th, 2009
Today’s Stocks & Topics: Stock Price, (ISRG) Intuitive Surgical Inc., (MDR) McDermott International Inc., (PBR) Petroleo Brasileiro SA, (THC) Tenet Healthcare Corp., The Stock Market.
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Monday, September 28th, 2009
Today’s Stocks & Topics: (BBEP) BreitBurn Energy Partners LP, 403-B, (MCD) McDonald’’s Corp., (ISRG) Intuitive Surgical Inc., (MYL) Mylan Laboratories Inc., (GLW) Corning Inc.
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Monday, September 28th, 2009
The market had already decided to rally this morning before the one and only economic report was released for today. That report was the September Consumer Confidence which was estimated to be up to 57 from a reading in August of 54.1. The actual number came in at 73.5. That pushed the market higher.
How high is high? Was last week’s small pull back, which has been typical since March 9th, all the pullback we are going to see? A fall of 2 to 3% in the indexes can not be considered a true pullback. A 7 to 10% is much more in line with what generally happens, and we had one of that size in June. When you consider that September and at least the first part of October are the weakest months of the year most market pundits have been waiting to buy that pullback.
When too many people expect something to happen it usually doesn’t. Still the prudent investor has at least some cash to buy on any pullback in this kind of market. Is the market going higher? I assure you that it is. I just can’t make that assurance as to when and how much. That would be crystal ball gazing.
Good Trading
Steve Peasley
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Friday, September 25th, 2009
Today’s Stocks & Topics: (MSPD) Mindspeed Technologies Inc., (CNXT) Conexant Systems Inc., Portfolio, Day Trading, (AGNC) American Capital Agency Corp., (VZ) Verizon Communications Inc., (ABT) Abbott Laboratories, Reason for Selling, What I Learn.
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