Blain’s Nightly Stock Picks, June 9th 2008

Heading into last Friday any momentum trader that was betting the bull like myself was extensively grateful for using tight stop loss orders. I was 100% vested on Friday and within three hours was 100% cash. After calculating the damage I realized my portfolio had bled just over 1% compared to the S&P 500’s 3%. […]

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Blain’s Nightly Stock Picks, May 05 2008

Interesting day for the market as Yahoo tanked after Microsoft retracted its bid and oil broke back above $120 a barrel. Lower volume then the previous two days on the NASDAQ and S&P 500, which both closed down about .5%. We start the picks tonight as usual with these two indices. Nasdaq Composite S&P 500 […]

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Blain’s Nightly Stock Picks, May 01 2008

A big session for the bulls as they took back the momentum from the bears. Volume soared as the market shot to new multi-month highs. The dollar gained more ground today and commodities suffered because of it. Gold and Oil were both down overall. As usual tonight we will start the charts with the overall […]

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Blain’s Nightly Stock Picks, April 30 2008

Today the FED cut interest rates by a quarter point which could very well be the final cut. After the 2:15 PM announcement the market traded down on higher volume to finish the day in the red. On the tech front Google (GOOG) ran up 3% on heavy institutional volume. Also, Netlogic Microsystems (NETL) gapped […]

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Blain’s Nightly Stock Picks, April 28 2008

The market overall had a pretty light day today ending nearly unchanged across the board. Chinese internet giant Sohu.com (SOHU) jumped over 10% to a record high close after reporting stellar earnings and raising guidance, and Ford (F) today surged back over $8 on news that Kerkorian is taking interest in the struggling motor company. […]

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Blain’s Nightly Stock Picks, April 23 2008

Featured groups Fertilizers, Steel, and Gold all took hits today as institutional funds flowed out of commodities as a whole (less oil which was flat on the day) and into tech stocks with a focus of computer software and semiconductors. Tonight I am testing out new slightly bigger charts with a more appealing form of […]

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Blain’s Nightly Stock Picks, April 21 2008

Even though I was gone all of last week it seems the market and my picks did just fine without me. Starting as usual with the market indices tonight I want to note that the bulls haven’t officially taken control of this market just yet. We still need to close above key resistance lines for […]

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Blain’s Nightly Stock Picks, April 10 2008

A nice rebound day for the market as the NASDAQ tacked on 1.3% for the day. The S&P 500 closed up only .5% but momentum has the sky looking optimistically bright for tomorrow. Steel, Fertilizers, and Techs had a decent day today. The big movers were in Home Builders as the group ended up 3.8% […]

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