Market Pulse

Market Pulse - Market Pulse

(SLV) 28.43 -0.65 (-2.22%)

  • Range 27.91 - 28.56
  • 52 week 14.37 - 30.44
  • Open 28.48
  • Vol / Avg. 25.31M/27.08M

SLV: Silver took a nice dip today and looks like it has begun to recover from its second day of losses. This week will provide some buying opportunities. We expect it to resume its positive trajectory next week. Today’s low of 27.91 did provide some good value for buyers. We believe this stock has the potential to reach upwards of $50 dollars by midsummer.

 

(Oil)25.35 +0.34 (1.36%)

  • Range 24.70 - 25.35
  • 52 week 20.01 - 27.95
  • Open 24.83
  • Vol / Avg. 842,272.00/557,969.00

OIL: Although it’s not too cheap, oil remains bullish for speculators who are forecasting $120 dollars/barrel for 2011. We liked this stock at 22 and 23 dollars in November, but we may not see those prices again, perhaps until summer if the speculator’s predictions are off target. Everyone has noticed the buzz coming from oil, especially amongst the major hedge fund managers and even TV pundits. If you look at the historical data just on the Goldman Sachs ETF, pre Lehman levels had shares at $80+ making this a good opportunity to buy in, as it has been relatively flat since the 08 nose dive. If you want to see positive short term growth on your pick up, especially on the ETF, we recommend buying at $24 and change. 

Market Pulse - Market Pulse

 (M) 25.31 +0.22 (0.88%) 

  • Today’s Range 24.80 - 25.16
  • 52 week 15.34 - 26.32
  • Open 24.94
  • Vol / Avg. 1.10M/7.26M

Macy’s (M): We recommended this one again on the 17th of December as it hovered around 26 dollars.  It has shed some weight with its 30 day low of 24.69. It’s currently at 25.09.

(NFLX) 181.84-  +0.47 (0.26%)

  • Range 180.25 - 182.79
  • 52 week 48.52 - 209.24
  • Open 181.15
  • Vol / Avg. 1.63M/6.56M

Netflix (NFLX): Back on the 20th December we also recommended Netflix from rumors that circled Businessinsider.com and later highlighted by Maxkeiser.com. Although it had already dipped into the 170s, we recommended shorting from the 180s and its 30 day low is around 174.60. The stock has shown volatility and resistance in the mid 170s. We do expect a significant leg down, but if you plan on shorting it we still recommend picking it up in the 180s.

(UBS) 16.51 -0.11 (-0.66%)

  • Range 16.22 - 16.52
  • 52 week 12.26 - 18.48
  • Open 16.24
  • Vol / Avg. 1.75M/3.26M

UBS:  On the 20th we recommended a short on UBS with the coming Wikileaks bank revelations set for January.However, It has maintained resistance against any losses and actually appreciated around 45 cents, from 16.04 to 16.51. The banking sector remains depressed, but entrenched, at least for right now. The upcoming Wikileaks, if it does make it out, will soften the sector.

UBS AG (NYSE: UBS) Downgraded to an “Underperform” Rating

 

 

Stock

1 GLD 118.81
+0.45 (0.38%)    
2 INX CA$0.48
0.000 (0.00%)    

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