Friday, September 5, 2008

Barron's Online follow ups

Solar Power - This week's sector column liked a select group of them and they are holding up so far.

Utilities - Last week's column warned about utilities - The DJUA has broken majors support.

Gold - Two weeks ago I pointed out support below. It's getting closer but not quite there.

Consumer Staples - Three weeks ago they were beating the market and they still are today. The column focused on household products and they still look good.

3 comments:

Doug said...

I'm skeptical mike about going long in anything at this point, the stocks that look good technically are rats climbing to the highers decks. I know the general public only has the mentally of going long which will probably be fine at the end of sept/early october, but probably not until then. Having said that I have been eyeing a dividend yeilding stock which is down at a bargain price, but I can justify going long easier based on the yield.
oh yeah, i did buy calls on thurs at the close looking to make a few dollars on the short term bounce, no I didn't wait until friday morning when we slammed down to lows that cut my portfolio value almost in half intraday...lol

Quick Takes Pro said...

I like that - rats climbing to higher decks. And I agree.

Doug said...

don't forget though mike we are quickly approaching the 3 most bullish months of the year, so there may be some upside for a while, the vix is spiking up pretty good after today's huge move down (tues sept 9) we'll wait and see...