$FAZ and $DUG turned in some modest gains today but look to be poised for more tomorrow as things look to be increasingly grim for the indices that these to play against. Looking at all the indicators on this page the prognosis for the days trading seems to be rough. Blood on the floor rough? While that remains to be seen we are posturing for just such a scenario. [more]
Looking at $DUG and $FAZ, we continue to stick by our conviction that taking a bear position on the Dow and Oil right now makes a bunch of sense. As we look at the Dow it seems the momentum is starting to slow and a turnaround is coming as that basket of stocks adjusts after a period of exhuberance. We go into this a bit more in yesterdays post. Weighting advances at 3x where the market is FAZ gives you more of what you buy bear ETFs for. Oil is also slowing quite a bit as reflected in the chart for West Texas Light Sweet Crude. With the momentum slowing and temporary price drivers like a national holiday more than a month away we can see where a bear play on crude is the way to go. DUG is a pretty good way to take advantage of this eventuality and we intend to. [more]
$HPQ, $DELL, $STX and $AAPL were featured right at the beginning of this latest run on July 10. Each has seen significant gains in the days since.
$CPST has been on quite a run since we first told our readers we were keeping an eye on it. In the original article we pointed out that once this thing hit bottom it would come back on pretty hard. Looks like the numbers now are reflecting expectations for what will be said in the company’s earnings call coming up here on the 10th of August. The company is also positioned to take advantage of the $3 Billion being made available for renewable power applications through reimbursements written into Recovery Act Legislation. [more]
$CAEI came back from a big consolidation. After loading up on the dip since ourlast post it looks like it might be time again to take the profits and prepare for the issue to the dance all over again.