There is a seasonality trend for consumer staples to move up between June and October. This is a safe place to be. Last year, when the market was selling off heavily, this was rising. Sell late October or early November or anywhere near $24, whichever comes first.
Dow Jones is in a short-term uptick but the longer view shows it is still trending down. The Put to Call ratio has reached the same level as last May. Thinks the near-term bull is done.
This is a play on crude oil commodity rather than companies. The chart shows that oil has broken out of a base and a good possibility of oil getting into the $60 area. We are so close to this that he would take profits now. If oil were to pull back to $45 he would look at getting back in.
Volume is pretty thin and you could easily get whipped out. Prefers more volume. 50 day moving average is $.85 and the 200-day moving average is $.95. You could trade in and out between these two levels, which is a very good technique particularly for low priced penny type stocks. Strong level of resistance at $1.
Gapped down in September of 08 and is now working back up to fill that gap. Thinks the stock could very easily get into the $100 range. Chart shows a breakout beyond the $72 area in the next stop is easily $98-$100.
Long-term of base building and all of a sudden it is exploding to the upside. With the large volume and the breakout, it looks pretty good. There is resistance level at $.63 and if it breaks through that, it could come close to reaching $1 a share. If volume starts to slow down or it starts to get into the resistance levels it would be a Sell.
Covered call position with December $40. This is a great strategy. Energy companies are starting to get a little overbought so if you want to own energy, you could write a Call.
In a great uptrend and just started hitting resistance. Has a beta of 1.5X so it is a real proxy for the market. If you are really bullish on the market you should be all over this but if you think it is due for a pause, which he does, hold off. Wait until you see if it holds above $50 for a while.
Has been a great stock to own through the entire meltdown. He views it as a core holding. Well run company. Will probably stay range bound for a while.
He tends to hold some gold as a defence. Thinks gold might get back into the $1000 area in the next few months. This company would be a great play in this sector.
Chart shows a rounded bottom. Expect to see some noise come in at around $1.70 to $1.80. Look for some resistance at $1.70. Momentum indicator shows it as being overbought so there could be a small pullback.
Chart shows that this stock is going up. There may be some resistance at around $42. Stay with it until something gives you a sign that it is rolling over.