Tuesday, February 19, 2008

Hello Moto

A big mover on the TSX today is Moto Goldmines (TSX:MGL), the most recent addition to the Stock Trends TSX Portfolio. The stock hit a high of $6.03, settling back to close at $5.08 - a 25% gain.

Thursday, February 14, 2008

Gassing up

Encana (TSX:ECA) hit a new high today after reporting positive guidance and a jump in profits. Traders might want to leverage on the natural gas play by following the commodity more directly through the Horizon BetaPro NYMEX Natural Gas Bull Plus Fund (TSX:HNU). It is up another 5% today.

Tuesday, February 12, 2008

Dow continues to de-industrialize

Next week the Dow Industrial Index will be changing its membership for the first time since it opened its doors to the NASDAQ giants Microsoft and Intel in 2004. Leaving the index on Feb 19 are Altria Group (NYSE:MO) and Honeywell International (NYSE:HON). Replacing these stocks are Bank of America (NYSE:BAC) and Chevron (NYSE:CVX). The changes decrease the industrial sector's weighting to 22% from 26%, while consumer staples weighting drops to 11.6% from 16.4%. Financials increase to 13.9% of the index, from 11%. This is still below the 17.9% weighting the financial sector has in the S&P 500, though. The Dow's energy weighting increases substantially to 10.8% from 5.5%. Energy's weighting in the S&P 500 is 12.4%.

The end result of the change is the index is more exposed to the cyclical energy sector and the strained financial sector. Nevertheless, the Dow Industrial will now more closely reflect the broader economy. It's performance will also more closely mirror the S&P 500. Currently, the Dow is outperforming the S&P 500 by 2% over the past quarter and bested the S&P 500 through much of 2007. A chart of the Dow's Stock Trends Relative Strength Indicator shows the relative performance. See Dow Industrial Index Chart.

Tuesday, February 05, 2008

On the right road - YRC Worldwide

Transports continue to show some mettle in the face of a market downdraft. The Dow Industrial dropped 2.9% today, but the Dow Transport Index lost only 1.3%. In the face of a strong headwind transport YRC Worldwide (NASDAQ:YRCW) advanced $0.77 to close at $18.62. YRCW is a Stock Trends Weak Bearish stock and is worthy of a look.

Launch of Stock Trends Traders Network

In an effort to create a more integrated investor community, Stocktrends Publications would like to invite you to join Stock Trends Traders Network, a social networking site open to investors who use trend analysis in their trading decisions. Like other popular networking sites Stock Trends Traders Network allows users to communicate about shared interests. The site will offer you an opportunity to share your investment perspectives with other users. Member forums and groups allow for users to engage and interact with other community members, including Stock Trends Analyst, Skot Kortje. Other features include blogging, as well as photo and video uploads, which can be used to share investment-related media. We hope that Stock Trends followers and other investors interested in joining this new community will accept this invitation and be among the first to join. A successful Stock Trends Traders Network requires active involvement from its users.

To join Stock Trends Traders Network click on the following link:

Monday, February 04, 2008

Riding Ryder

Ryder System (NYSE:R) has caught momentum traders' fancy. Among a resurgent group of transport stocks, R has advanced from $40 at the beginning of the year to above $57. Today's move builds on a 13% gain last week.