MightyMo's Blog : Latest entries

Anyone notice the change.

The market has shown strength the last three sessions...in late afternoon trading. Although the market dropped 90 plus points on Thursday, it continued a trend to move upward in afternoon trading.

Although the market dropped 90+ on Thursday, it's still higher than it was on the close last Friday.

In previous weeks, the market had shown strength many times in early morning trading only to frizzle later in the day.

Are we seeing some bargain trading later in …

The market had a decent strong finish on Wednesday but still ended in the red.
WIll the strong finish upturn continue into Thursday? With the DOW over 10400, we still see DOW 10800 with possibly touching 11000 before the end of the year.
However, not withstanding today's action, the market has had a pretty good run, can it continue it march upward? Remember the saying 'the trend is your friend, stay the course until it tells you otherwise". It is very important that a trader be aware of the c…

My collegues at work...they know I'm heavy into the market.

On down days (like today), they love to tease and asked how I'm doing. However, there's been more up days than down days since March 2009. I'm sure some of those collegues deep down wished they were in the market.

When the market stormed up to DOW 10000, I'm sure many market players and fund managers got out. When the market played several times at DOW resistence 10100, also many got on the sidelines. Now that the market is nea…

Are you in position for the traditional best market time of the year? I'm talking about the period of time between Thanksgiving to January 1. I'm on record of a DOW hitting 10800 this year with possibly touching 11000. We're right on track as we approach the 'best time of the year'. It's time to get your ducks (equities) in order as there is nothing on the horizon to think this period of time will do otherwise.

From Sara Lepro and Tim Paradis, AP Business Writers

"After months on hiatus, volatility is back on Wall Street"

"The Dow has gained or lost more than 100 points in six out of the last seven days. The last time the Dow had as long a streak of triple-digit moves was in late March, shortly after major stock indexes bounced off 12-year lows.
"

OIL, TECH, Large cap stocks, and Housing are all to be highlighted this week.

Monday. Tech is highlighted as Apple and Texas Instruments report. TXN is expected to report a loss but raised their quarterly dividend on Oct 15. This leads me to believe future guidance will be positive. Apple reports after the close and has hit yearly highs on 3 separate days this month. All the things that go into AAPL, especially iphones sales, will determine what Tech does.

Tuesday. Housing starts and rep…

The above title is pretty much my disclosure statement. I plan on starting a series of blogs to review, in my opinion, the best stock 'TO PLAY'' in each of their respective sectors.
There are some CAVEATS however. These stocks are good plays only if you think the overall market will continue to trend upward. Most of the stock selections will be stocks that have already moved up and, in our opinion, will continue to move in that direction overall. These will not be 'buy and hold' stocks. Thes…

Zack has recenty pubished a report on DNDN. I perceive this as an excellent biotech play if you can hold the stock for a few months. I suggest reading the PP Zach blog and looking at a 52 week or 78 weekly chart with 10 day 15 day and 200 MA. It looks ready for another breakout.
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http://www.peopleandpicks.com/blog/Zacks_Analysts/3119656/Dendreon-to-Seek-FDA-Approval--Analyst-Blog/

With a very fragile economy and extremely high unemployment and a fractured housing market, the idiot comes out today with a statement

"Kohn: Fed to raise rates before spending overheats"

It was the wrong thing to say at this time.

We're talking about Federal Reserve Vice Chairman Donald Kohn. Where did they get this idiot.!

Even if true, the timing of this at this time was very dumb, actually very wrong. I'm extremely sorry for the people who are struggling to make house payments a…

There are students of technical analysis and those who are professors of fundamental analysis. There are those who follow the sentiment and psychology of the market and then there are those who follow the "stock market almanac".
According to the "stock market almanac", the last day of September, Sept 30 is quarter window dressing day and has been a big selling day. Conversely, Oct 1 is a great day to buy into the nasdaq-100, think QQQQ.
There you go, can't go wrong...right?
Now, wait a minute…