Week ending April 6, 2001
| IN SUMMARY | STOCKS | COMMODITIES |
| BUYS... | GX | LC/ PB Spread, Note/ Bond Spread, Heating Oil/ Unleaded Gas Spread |
| SELLS... | Palladium, T-Note | |
| HOLDS... | ATMS, AVCI, MOT |
STOCKS
| NASDAQ- The market is in a definite downward trend right now. I don't expect it to continue very much longer (2 weeks at most) in this downward channel that it is in. It will have to break either up or down out of it. If it breaks up, as a whole, it might be a good time to buy stocks, but don't expect to get rich right away. The market will go in a sideways trend for a while before it returns to the upside. If it breaks down, lookout! It could tumble for a while longer. Currently, the stochastic in the Nasdaq and most of the stocks indicate a buy. Personally, I am not going to get into any stock until we see the 1-2-3 points from the Ken Robert's rule. At point 3 on the NASDAQ, THAT is when I will buy. |
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ATMS- Tidel Tech. is in a sideways trend right now, termed as "noise". It is a hold right now, but if it breaks up out of the trend, buy the stock because the fundamental numbers look very appealing. If it breaks below the support line, sell. I expect it to break through the line of resistance. |
| AVCI- Stay out of Avici right now, or if you already own it, hold for long term. We are seeing the same thing here as with Tidel Tech. It is in a sideways channel, "noise", so if it breaks above- buy; if it breaks below-sell. |
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GX- Global Crossing is an excellent value right now. It has a bright future ahead. If you are in it for the long term, buy now!!! If you are trying to make a quick buck, wait to buy until it crosses the line of resistance, then watch your money turn into twice the amount. (Wouldn't that be nice?) |
| MOT- Motorola took a 23% tumble with extremely high volume on Friday due to worthless news. The news report says that Motorola may have problems claiming bad debt and that Motorola "is running out of cash." They will not go broke though. They are the second largest mobile phone company, the third largest semiconductor company, and the largest wireless company. Plus Motorola has their foot in other tech industries. Motorola said today that it "is financially sound" despite the problems. Its stock is now at an 8 year low because it has dropped 80 percent this year. This stock is a great buy for long term. For short term, I would wait a couple days to see how the market reacts to today's sell off. |
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COMMODITY LOWS |
COMMENTS | |
| chart | COFFEE | Downward trend. Hold. No apparent pattern right now. |
| chart | CORN | Upward trend? Possibly 1-2-3. |
| chart | SOYBEANS | No apparent pattern. |
| chart | OJ | No apparent pattern. |
| chart | COTTON | Possibly forming a 1-2-3. |
| chart | OATS | Possibly forming 1-2-3. |
| chart | WHEAT | Possibly forming 1-2-3. |
| chart | LUMBER | Uptrend? No apparent pattern. |
| chart | LIVE CATTLE/ PORK BELLIES SPREAD | If reaches -17 again, Buy LC, sell PB. |
| chart | 10-YEAR T-NOTE/ 30-YEAR T-BOND SPREAD | If hits 0 again, Buy 10-Yr T-Note, Sell 30-Yr T-Bond |
| chart | HEATING OIL/ UNLEADED GAS SPREAD | Buy heating oil, sell unleaded gas. It has only reached this low (-.25) one other time since 1985. The chart is from www.Altavest.com. |
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COMMODITY HIGHS |
COMMENTS | |
| chart | PALLADIUM | It is currently on its way south, but it has a long way to go. It would be a good selling opportunity. |
| chart | FEEDER CATTLE | No apparent pattern. If hits 90 again, sell. |
| chart | PORK BELLIES | Way overpriced right now. Wait for a 1-2-3, then sell. |
| chart | 10-YEAR T-NOTE | Possibly nearing point 3 on the 1-2-3 pattern. Watch carefully and perhaps sell. |
