Bear in mind...

First thing, I want to emphasize that we are back in bear market mode overall. GRRR.. be careful with most longs... take profit on gains... etc. just like in the beginning of the year... Last Friday, now Ben talking about raising rates (won't happen because I don't think the economy will let it)... the combination merits vigilance. Stops to lock in profits and protect downside risk. Trading mentality except in the strongest stocks and sectors (i.e. LT bull markets...) and still.. Be frikkin' careful out there... We are under the 200, we are now under the 50 in the SP, the market dog (bear?) days of summer are here...

That little financial/credit problem... (please read Why the Market is So Dangerous under top posts if you haven't... maybe if you have...)

Ok... that's said... so now what?

One point: Missed the SRS trade off of the 50? SKF fundamentally sweet but a bit risky short-term? Guess what... you may be in luck... WATCH the QID carefully... the Naz is where the SP, SRS, etc. were last week... stuck between the 50 and 200 after bouncing off the 200... with a chance but not a good one of moving above the 200. Watch the stockcharts Naz chart for either a test and fail of the 200 and/or a volume break below the 50... almost there..if/when it happens QID looks primed to go... again put a narrow stop on the other end of the MA to protect against downside... This looks almost like a repeat of the SRS and SPX etc. trades waiting to happen. Now you know what to look for... and KNOWING is HALF the BATTLE...





Ok... some other quick points...
Take a look at stocks breaking over and then below the 200. At that point they can be good shorts if you are comfortable with this. LDK is a recent example.

On a totally different thread I liked Chris' post on water(Check out Earth to Wallstreet.com if you haven't... this can be found under my blog sites as well). I have been following some of those stocks for some time... never heard of Hek or the speculatives but Voila!... too hard to resist that name!... Anyway here are two more listings to looks at:

1. PHO. This is an ETF I just came across that trades foreign water stocks! Check out the recent upward trend. Very nice ride. Watch out though it may be turning... I am watching this one...
Top holdings listed here.

2. CWCO. This is another interesting name for the watch list. They build and run desalination plants. They are especially needed in places like the Caribbean where fresh water has to be shipped in at high prices... They have had a rough patch of late so maybeI would just stick them in the 'ah... good to know' category for now. I haven't followed them very recently... maybe getting better?One thing is for sure... by knowing of these companies you can always go back and check on them to see if there is an OPPORTUNITY. They have done well in the past...



Ok... that's the post for tonight... I love the markets but I have to balance my time... especially during the week. I may not post every night... in fact I guarantee there will be times when I can't... or just don't want to! (Again Sue Me!) but always check back in because who nose ;-)... maybe I can 'intimate' something 'insightful' to share for the benefit of those willing to look outside the box...

This blog is for informational purposes only. It does not give investment advice.