Monday, February 11, 2008

Still Waiting

The markets moved up nicely today after being quite a bit down the first hour of trading. Traditional wisdom would tell you that it's a sign of a bull market when the markets start down and end up. We know that we're not in a bull market yet so caution is still warranted. Last night's picks CF and ATW are almost there so be ready when they go. If you're adventurous you could buy now before their move but that would be premature and failure could always happen. BP is also a good pick I would recommend buying above $65 on good volume. TBSI and DRYS are also good picks I would buy right now but just some shares until the markets improve. Feltilizer, solar and dry bulk shipping are the sectors I would keep an eye on for now. FSLR, SPWR and SOLF have very similar looking charts that I would consider having a small position on. The markets are still neutral to a bit overbought so more upside could be here soon.

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