DON'T BUY
In a very cyclical area and is leveraged to the strength and weakness in the economy. In its most recent rally the stock has failed to make a new high. Now making lower highs and recently made a lower low. There is some support at $45 and initially will probably hold there.
BUY
Loves gold. There is another leg higher coming. Next one necessitates US$ weakness and once its clear the Fed is out of the way, European central banks are going to continue raising interest rates bringing the US$ lower and gold should shoot up to $732 and will eventually test $850.
WAIT
Advanced Micro Devices (AMD-N) has made a bid to buy this company. $25 has been the top end of their range for the last 4/5 years, a major technical resistant level. If it got up through that, it would be a technical breakout situation. Doesn't know what the deal would mean for this company.
DON'T BUY
Thinks the environment for stocks is turning down, and typically, this would not be a good thing to invest in.
WAIT
In a trading range defined by $60 on the upside with $50 on the downside. Lots of leverage in this stock if there is hurricane activity in the Gulf. Would look to buy at the lower end of the range.
WATCH
More of a defensive stock. Has done well in down markets. Technical structure is really strong. Suspects when the overall market makes a bit of a bottom, investors could be taking profits.
DON'T BUY
In the longer term, you want exposure in pipelines. Pretty much defining a trading range between $33 and $36. Not an ideal time to buy.
DON'T BUY
In the longer term, you want exposure in pipelines. Pretty much defining a trading range between $31.50 and $34. Not an ideal time to buy.
BUY
Timing is quite good on the oils at this point. Has the potential for a move with the weather market. Had lower lows in June so you have to question the upside potential. Oil stocks are not keeping up with the price of oil, which is a concern to technical analysts.
HOLD
If there is a lower low then on the previous bottom, the longer term downtrend is still in place. Could be a potential for a double bottom. That would be pretty major and could result in a 50% retrace of its major decline. Be patient.
TOP PICK
Very good support at this level.
TOP PICK
TOP PICK
Top Short Has been negative on the consumer for the better part of the past year. Been oversold so will probably have a bit of a bounce. Will under perform with the consumer being stressed.
TOP PICK
Top Short The risk for this group is considerable. We are in a bear environment and want to be sellers of rallies. Wait for it to get 10/15 points higher before shorting.
PAST TOP PICK

(Top Pick Feb 8/06. Up 5.5%.) A “Pairs Trade”, shorting gold Stocks (XGD-T) and going long on Gold (GLD-N). Turned out to be an OK trade. Gold now looks good again and he is looking to buy this once more.