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Archive for April, 2008

$INDU, $COMP, GOOG, EWZ

Wednesday, April 30th, 2008

The Fed cut rates by a quarter point, just like everyone expected.  They hinted that rate cuts might be on hold a while.  The market sold off on this news.  It was a distribution day on the NASDAQ and the S&P500. 
A few days ago I mentioned that some of the Chinese stocks were breaking [...]

Fed Watch

Tuesday, April 29th, 2008

All eyes on the Fed tomorrow.  The market is definitely waiting ahead of the news.  Here is how we finished out with the Fed funds futures.  Looks like we get a 25 basis point cut tomorrow.
Based upon the April 29 market close, the 30-Day Federal Funds futures contract for the May 2008 expiration is [...]

Fed Watch, BIDU, GOOG

Monday, April 28th, 2008

Fertilizer stocks are starting to take a rest here.  Some of the Chinese stocks are on the move.  The major indices look like they are going to wait until the Fed meeting until they make their move.  Let’s see what the predictions are for the Fed funds futures contract. 
Based upon the April 29 market [...]

Fed Watch, POT, CF

Sunday, April 27th, 2008

The major averages have been hanging tough right near resistance levels.  We could move up after the Fed meeting on Wednesday.  Let’s see what the CME Group says about the probability of rates moving.
Based upon the April 25 market close, the 30-Day Federal Funds futures contract for the May 2008 expiration is currently pricing in [...]

IBD Top 20

Saturday, April 26th, 2008

Here is the top 20 with some notes
1) (BUCY: 64.37 +0.64) – Posted better than expected earnings and reaffirmed guidance for 2008.  Had a nice reaction on Friday up $11.
2) (POT: 148.50 -0.05) – Recovered most of its gains after the earnings news sell-off.  I am hoping this stock can form a high level base.  [...]