Saturday, September 02, 2006

Sector Watch

Although every blogger has their opinions of what the markets will do, here is what I think:


The nasdaq, along with the dow and S&P, managed a very low volume rise in August. With September being historically the worst month, I think the sellers will come back with full force. I expect the nasdaq to at least double bottom, if not break that bottom and go lower.

Crude oil

Crude oil recently hit its bottom trendline. Historically, Gold and oil has done well in September. With the fundamentals unchanged (demand still exceeding supply), I fully expect crude oil to continue it's uptrend.


Gold is a special commodity, in that it is more affected by psychology than by fundamentals. Unlike other commodities, which depend on supply and demand, gold is dependent on the dilution of paper currency, and on whether the people are willing to value gold as money. Right now, I believe people do think of gold as money, and thus, it will rise long term. Having said that, on the short term, I wouldn't be surprised if gold tries to double bottom (hit 600 or lower), before building a stronger base and moving upwards.


Copper is one of my favorite commodities, since the demand is so strong, that copper didn't drop that much despite all the "speculators" bailing on it. (Speculators bailed on all commodity stocks in May). Even though copper may retest $3.00 in the short/medium term, over the long term, I expect copper to remain a leader and to make new highs as the commodities bull market continues.

Cameco Corporation (CCJ)

Cameco is my favorite commodities stock, because uranium is the only commodity that never goes down. Contract prices of uranium is controlled by a small group of people. With uranium demand exceeding supply by 100%, uranium prices will continue to go up, making uranium companies more and more valuble. Cameco has already consolidated very strongly since the perceived "bubble" that occured in May. I think another breakout is imminent, and Cameco will rise to 55-60 dollars US in the short/medium term.


Other stocks I like include Freeport Mcmoran Copper (FCX) , which is my favorite copper stock since Phelps Dodge Corp (PD) decided to diversify and Yamana Gold (AUY), which is the best mid tier gold growth stock since Glamis Gold Ltd (GLG) was bought by Goldcorp Inc .


Blogger Greg Liddle said...

Great blog
If you have a few minutes come and visit my site.
It shows you a new Forex Currency Trading System

9:14 PM  
Blogger TradingCourses said...

Good info. Thanks.

Mini-DOW Futures Day Trader
currency day trading

7:14 AM  
Anonymous Anonymous said...

17th Apr 2008

Market Outlook
Markets are likely to open with a gap up and expecting some correction in later part of session.

If 4900 is sustained for two consecutive closings we can see 5140 levels.

Sensex : 16244 Support : 15900/15600 Resistance : 16480/16700

Nifty : 4887 Support : 4820/4740 Resistance : 4950/5021

Buy Apr fut-Nifty above 4890 target 4940/4990 Sl 4840

Buy Apr fut-Renuka above 107 target 111/118 Sl 104


10:53 PM  
Anonymous Anonymous said...

buy sex toys buy sex toys
Bondage Toys bondage toys
fucking machines fucking machines
doubledong doubledong
fetish sex toys fetish sex toys
masturbators masturbators
multi function vibrators multi-function vibrators
vibrating dong vibrating dong
strapons for women strapons for women
rabbit vibrators rabbit vibrators

3:17 PM  
Anonymous raina said...

Nice post, all informations are very useful thanks..

5:23 AM  
Anonymous Anonymous said...


2:27 AM  
Anonymous Payday Bank said...

Even Cameco is my favorite and one of the leading producer of uranium and its share price has been hammered on the question marks that have risen over the nuclear industry.

3:21 AM  
Anonymous payday loans 300 said...

Stock market investment is really so good. Stock market is only the place where can make huge money, if the investor really make some smart strategies and make smart investment.

10:46 PM  
Anonymous stock tips said...

Get ready for some early morning weakness amid a mix of domestic and overseas sentiments. Asian markets have fallen after concerns about Spain’s worsening fiscal health and fresh trouble for Greece sent US and European stocks into a deep pit on Friday.

Stock Tips
Commodity Tips

2:02 AM  
Anonymous Moneycontrol said...

The Sensex closed at 21164.52, up 130.55 points over its previous close, and just 54 points away from making a new peak. The Nifty gained 47.45 points to close at 6299.55.


12:05 AM  

Great charts

10:20 AM  
Blogger amala amala said...

Thank you for taking the time to provide us with your valuable information. We strive to provide our candidates with excellent care and we take your comments to heart.As always, we appreciate your confidence and trust in us
Jobs in Bangalore
Jobs in Chennai

9:58 PM  
Blogger Guhan said...

The details you provided helped me a lot. Thanks!!!
IOS Training in Chennai

10:54 PM  
Blogger sandhosh said...

Interesting blog which attracted me more.this blog shows that you have a great future as a content writer.keep updating.
Digital marketing company in Chennai

12:49 AM  
Blogger Metwaly Shahin said...

هل تبحث عن شركة متخصصة فى خدمات التنظيف بالطائف بافضل المعدات والسوائل وثقة تمة فى العمل ودقة فى النتائج كل هذه المميزت توفرها شركة الخليج الشركة الافضل والامثل فى الخدمات المنزلية بالطائف وبما اننا الشركة الافضل والامثل بدون منافس سوف نسعى لتوفر افضل الخدمات باقل تكلفة وبقدر كبير من الاهتمام والدقة عزيزى اينما كنت فى اى منطقة ا وحى تابع لمدينة الطائف اتصل بنا وسوف نصلك فى الحال شركة الخليج للخدمات المنزلية شركة تنظيف منازل بالطائف
شركة تنظيف فلل بالطائف
شركة تنظيف خزانات بالطائف
شركة تسليك مجارى بالطائف
شركة رش مبيدات بالطائف
شركة مكافحة نمل ابيض بالطائف
شركة مكافحة حشرات بالطائف
شركة عزل اسطح بالطائف
شركة عزل خزانات بالطائف

5:18 PM  
Blogger Vaasugi A said...

Its really an Excellent post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog. Thanks for sharing....

Carwash in omr
usedcars in omr
automotors in omr
car accessories in omr
secondhand car in omr

2:26 AM  
Blogger sachin.ogeninfo said...

This comment has been removed by the author.

2:22 AM  
Blogger sachin.ogeninfo said...

Lyrics with music
English Song lyrics
punjabi Song lyrics

2:23 AM  
Blogger sachin.ogeninfo said...

refrigerator repair in gurgaon
lg fridge repair in gurgaon
washing machine repair in gurgaon

3:57 AM  
Blogger sachin.ogeninfo said...

Haier Fridge Repair In Faridabad
Panasonic Fridge Repair In Faridabad

3:57 AM  
Blogger sachin.ogeninfo said...

plastic pouch manufacturers in delhi
wall putty bag manufacturers
gusseted bags manufacturers

3:57 AM  
Blogger sachin.ogeninfo said...

website designing company in Gurgaon
ppc company in Gurgaon
seo company in Gurgaon

3:57 AM  
Anonymous Lyrics said...

Our line by line lyrics generator is great for writing and fine-tuning songs and raps, especially when you want them to rhyme. Unlike our other song lyrics.

9:34 AM  
Blogger liza said...

read this above post its very greatful for me thanks sharing this post ,great post.
Best Ice Fishing Gloves Best Ice Fishing Gloves Best Ice Fishing Gloves

3:28 AM  

Post a Comment

<< Home