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For the U.S. Economy in the New Year, the Pain Will Precede the Promise
If there’s a proverb that captures the outlook for the U.S. economy in the New Year, it’s the one that says: “It’s always darkest before the dawn.”
Regardless of any formal announcement of whether or not the United States drops into an actual recession, the ongoing credit crisis guarantees a contraction of the American economy by virtually every measure we know. That period of darkness will be marked by a dramatic slowdown in economic activity, as well as by rising unemployment, additional declines in U.S. stock prices, and constant volatility. It could last as long as 12-18 months.
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Momentum Stock: A Good Week for Sherwin Williams?
While many economic pundits trip over each other’s heels in an attempt to accurately read the market’s signals, I’m about to show you how to make a quick buck and have fun doing it.
Okay, so I can’t literally guarantee that you’ll come out with stellar returns on the play I’ve zeroed in on, but I can promise that in the current choppy market waters, this one have the technical DNA of a champion over the next several days or so.
Sherwin Williams (SHW:NYSE) has been on a steady upward trajectory over the past week or so. Today’s pullback is only…
21Apr2008 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: Permian Basin Royalt Trust (PBT)
The talking heads have been touting the recession word for a while. In an effort to cut off slower economic growth, the Fed has been a bit quick to lower interest for a cheap market thrill, which in my mind can only delay the inevitable market panic.
Now that the public and investors alike have been well groomed for this doomsday scenario, everyone wants to know when this so called recession will occur. Could it happen this year or perhaps in 2009? No one really knows for sure, but the mood across the country and overseas is pretty grim.
If…
21Feb2008 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: Wainwright Bank & Trust (WAIN)
Okay, so you’ve been reading the papers, listening to stock gurus, and talking to your pals about subprime lending and how horrible the banking industry is right now. Everywhere you turn it just seems like there’s another depressing log to add to the fire.
What you don’t hear are banking stocks that actually make the grade. Ones that have proven themselves time and time again.
Just when you thought the banking establishment was down and out, there’s one knight in shining armor winning a profitability battle. The flight of capital to quality banking stocks has already begun.
I found a banking…
18Dec2007 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: Tsakos Energy Navigation (TNP:NYSE)
In my quest to find you the best technical plays, I’ve uncovered a very lucrative investment that will surely provide significant price appreciation in the weeks and months ahead
On this one-year weekly chart, you will notice that this particular equity has traded in a very predictable fashion.
It has all the characteristics on a breakout stock. For example, we have an upward trend prior to consolidation and more recently, we’re seeing a shares surge to new 52-week highs.
To further advance my argument, I have located specific buy and sell points for you. Every time the Moving Average Convergence Divergence…
14Dec2007 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: Reliant Energy (RRI:NYSE) & Radnet (RDNT:NASDAQ)
Our recommendation: Buy shares of RRI at or near $27.04. Place a 5% stop loss.
Our recommendation: Buy shares of RDNT at or near $9.40. Place a 5% stop loss.
4Dec2007 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: Longs Drug Stores (LDG)
Here’s a new play for your investment portfolio. I just received two buy signals from the MACD and DMI indicators.
On the daily charts, I’m seeing continued above average buying pressure which will certainly help in justifying the breakout.
If momentum holds and we get another big day it could be goodbye horses.
Our recommendation: Buy shares of LDG at or near 53.52. Place a 5% stop loss
Good investing…
14Nov2007 | Stephen Oakes | 0 comments | ContinuedMomentum Stock: American Ecology (ECOL:NASDAQ)
American Ecology Corp (ECOL:NASDAQ) has seen its fair share of price swings over the past two years. However, when I applied an upper resistance line and a lower support, it was discovered that we have a symmetrical triangle pattern.
It is important to note that you should never trade the stock inside the triangle with the assumption that the breakout will eventually assume the trend prior to this particular pattern.
Instead, trade in the direction of the breakout. In this case the breakout was to the upside — as noted by the green arrow on the chart. Additionally, we have…
8Nov2007 | Stephen Oakes | 0 comments | ContinuedMomentum Play: Enbridge Inc. (ENB)
Yet another long-term breakout play. I circled the two buying signals for the MACD and DMI indicators. The DMI has been very strong over the past four years and has yet to turn negative.
Our recommendation: Buy shares of ENB at or near $38.29. Place your stop loss below major support at $34.
Good Investing…
8Oct2007 | Stephen Oakes | 0 comments | Continued
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