David Peltier, portfolio manager of the Value Investor Fund, says this utility company is down but not out.
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Click charts to ENLARGE.Winners? Not a lot out there. Here are some stocks that are Landry Long winners... simple MA10 period > EMA20 > EMA 30From the Barrons 100__________________________________________________Volatility: winning through fear.The dollar: winning through debt destruction, as dollars get vaporizedThe yen: winning through the end of the carry trade of borrowing yen to inve...
A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup (C), the whipping boy of the group, may be at a multi-year low. But, so is Goldman Sachs (GS), the most sublime of all US financial institutions. Even Jamie Dimon's JP Morgan (JPM), arguably the best run bank, has been pulled into the vortex of selling The tro...
The housing crash is one of the fundamentals our economy inherits from the past. This is boom time for the nonresidential sector because, after a long wait, the housing sector no longer absorbs so many resources. If you are young with new business ideas -- good news: you no longer have to compete with the housing sector for funding.Although business capital and GDP will grow (my detailed predic...
Those of you who have seen the chart below on my blog over the last year-and-a-half might have already guessed what it looks like after yesterday's dramatic plunge in the consumer price index - it's now screaming DEFLATION.Not that there's anyreal significance to the fact that it's screaming deflation.As noted here, in a world full of fiat money, "deflation" is nothing more than an am...
Apologies for a late medical meeting, call night, Internet problems, and bad market rising.Another day, another beating for much of Wall Street.Can we distill this to a few charts?Thirty year bond yield. Deflation incarnate._________________________________________________________SP500...bombs away?_________________________________________________________Mamis-Meisler Breadth oscillator...10 pe...
Weak data was no incentive for buyers to follow through on yesterday's late day bounce so we stalled at the 38% retracement and prices reversed (nothing new) and retested range lows. The FOMC minutes reminded us how bad things really are and provided sellers the edge into the last hour.High level of short expiration put buying ahead of OPEX Friday.The VIX still feels like a bear flag despite th...
In early trade, AEM and ABX, my two gold watch list stocks rose to the top of the % gainers list on a weaker dollar. I was waiting for AEM to retrace or form some NRIBs at the base of resistance (blue line). The dollar ended up being a fade and gold pulled back in. However, I noticed that AEM was halted pending news. Briefing.com reported that AEM announced a $252 mln private placement; or 8 ml...
My new downside target for the RUT is 350. Should be easy considering we were at 490 on Monday. The momentum is still strong to the downside.RUT Monthly Chart:
I had to pull out to a 10 Year Monthly Chart to illustrate the support area at 775 for the S&P 500. This is the first target. Momentum and trend is still to the downside.SPX Monthly Chart: