Resistance seems to be holding strong as pointed out in the chart I posted last week. There is a small trend line forming from March that may help us time the market a little better. It would be nice to see the trend line hold and the resistance to be broken.

You know what the saying is. Dont fight the trend and the trend for MOS is up.  This chart looks great and a sale at $100 is always possible in the near future. It is not overbought. The only thing to look out for is the MACD looks bearish. It went up $10.00 today so lets just keep this on our radar for a while.

If you have not done your taxes yet because your afraid its going to take hours or days to go though all of your stocks then your in luck. I recently just used TradeLog to do my taxes and it saved alot of time. I use scottrade and Interactive brokers. The only downfall was that if you trade options on scottrade, you have to manually enter some of them in. Other then that, this program rocks!

Bulltrader readers know that I’ve liked Mastercard ( MA) since 2006.  It’s ready to go higher I believe.  The stock has consolidated during the bear market, really only around 10% or so from its highs.  The company just continues to crush bullish earning estimates.  I think the stock moves higher from here.   I also like Visa (V).

Costco is an upscale discount retailer.  That doesnt make sense does it?  Anyhow, if you believe the so-called bottom is in, I think COST will benefit as the best of breed among retailers in their space.  The stock looks to be breaking out of a downward channel here recently.  On a P/E basis, the stock seems cheap.   Costco is worth watching.

Bottom or no bottom, that is the question. As you well now I have not been making post that often because I did not have a good take on this market.  I think the bottom may have been seen  but we have alot of resistance at the 12750 level. If we cant break it then I see more sideways trading for another few months. The dow is up over 200pts today and I believe the next down day should be taken as an opportunity to take some positions in stocks.

Apple.  One of the best companies and best stocks over the last 5 years bar none.  The stock has gotten crushed this year, dropping from $200 to around $115.   The million dollar question is whether Apple will be a leader for the next 5 years.  Technically, the stock seems to have support around $120.  The intensity of selling has lightened up.  The MACD is turning bullish.  The next catalyst of the stock will probably be the earnings report middle of next month.  The company is trading at only 21x forward earnings with a earnings growth rate of at least 50%.  Smith Barney has it as a priority buy.  I think Apple will once again beat 1q estimates handily.  MAC sales are rocking and there are rumors of the 3G iPhone this summer.

General Electric has been performing very well as of late.  The stock has broken out of a pretty severe downtrend.  GE went down with the rest of the market despite exiting the subprime business before it went belly up.  The last quarter earnings were excellent and the stock traded up toward $42 a share before the bear market.  GE gets the nod in my opinion because of its excellent management team.  Today, the stock traded over 102 million shares, the most in one day in well over 2 years.   I think the big boys are getting back into GE, maybe you should to?

Yahoo: Compass Minerals International, Inc., through its subsidiaries, produces and markets inorganic mineral products in North America and the United Kingdom. It operates in two segments: Salt and Specialty Fertilizer. 

CMP has had a huge run along with all of the other mineral and energy related stocks.  I wish I had owned this stock but I certainly would not chase it up here.  If anything I think its sets up nicely for a short play.

 Here is the chart:

Yahoo Finance: Strayer Education, Inc., through its subsidiary, Strayer University, Inc., offers various academic programs in traditional classroom courses, as well as through Internet. It provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, and public administration through 55 campuses in Alabama, Delaware, Florida, Georgia, Kentucky, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and Washington, D.C. As of December 31, 2007, Strayer Education had approximately 36,000 students enrolled in its various programs. The company was founded in 1892 and is headquartered in Arlington, Virginia.

In this market, no stocks are immune from punishment. STRA has been a good stock for awhile but I think its uptrend has been challenged.  Attending these type of institutions is not cheap.  Many student rely on student load for academic assistance.  Well, financial institutions are not going to be eager to make student loans in this environment especially since most people dont pay them back anyhow. :>  Here is the chart.

Goldman Sachs is a media darling when it comes to financial stocks and the financial media.  The Fast Money crew loved Goldman below $200.  Everyone talks about how they are the best run financial company and have little to no exposure to the subprime market, etc.   They are kinda like Brett Favre in the NFL. Everyone is reluctant to critize them.  Well, GS is and has been rolling over big time for awhile and now is bumping up against the August 2007 lows.  Its hard to say which way GS is going.  If I had to pick a side in this market, I would have to say GS is heading lower.  GS is a premium name but right now its not a premium stock.

From Yahoo Finance:  BP Prudhoe Bay Royalty Trust operates as a grantor trust. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles containing approximately 150,000 productive acres. As of December 31, 2006, its estimated, net remaining proved reserves were 81.08 million barrels of oil and condensate, of which 69.02 million barrels were proved and developed reserves, and 12.06 million barrels were proved undeveloped reserves. The company was founded in 1989 and is based in New York, New York.

By the way, this stock pay a cool 13% dividend as well.  Both this stock and PBT brokeout this week.  Stock that have low volatility and pay a high dividend seem to be working in this bear market.  Here is the chart:

I guess its been a few weeks now since I wrote about this company called Permian Basin Royal Trust.  Since then, the company made an announcement of a higher than expected monthly dividend payout.  It has taken some time for people to see the light on this stock but the word appears to be out given what transpired this week.  The stock brokeout on huge volume this week and had a very nice follow up day yesterday.  Unfortunately, I  had already taken some profits since I first profiled this stock on the bull trader.  I still like the stock on a pullback.  I don’t think its going to be a teenager anytime soon though. Here is the chart:

Last week I posted this chart and boy did it go down hard. It is now at a key support level (not resistance).  This is a great place to pick up shares with a pretty snug stop loss. I stated last week that this stock may see $35 before it goes back up and the moment of truth awaits us.

This is why I am long on gold.

3 major gold miners report tomorrow as gold commodity trades at all-time (uninflation adjusted highs). This will be a interesting week for gold.

Disclosure: Long on gold bullion.

Maybe?! I’m talking about ticker NVR.  Per Yahoo, NVR, Inc. operates as a homebuilder in the United States. The company engages in the construction and sale of single-family detached homes, town homes, and condominium buildings under Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes trade names. It sells its Ryan Homes, Fox Ridge Homes, and Rymarc Homes products primarily to first-time homeowners and first-time move-up buyers located in Maryland, Virginia, West Virginia, Pennsylvania, New York, North Carolina, South Carolina, Ohio, New Jersey, Delaware, Michigan, Kentucky, and Tennessee. The company markets its NVHomes product primarily to move-up and upscale buyers in the Washington, D.C., Maryland, Pennsylvania, and the Maryland Eastern Shore metropolitan areas. It also offers mortgage related services to its homebuilding customers, including broker title insurance; and performs title searches in connection with mortgage loan closings. The company, formerly known as NVHomes, Inc., was founded in 1979. NVR, Inc. is headquartered in Reston, Virginia.  The stock looks like its bottomed. Its down from around $850 a share to around $400. It closed today at $561.  It’s an expensive stock but its worth watching here.  A pullback to around $530-$535 may present decent risk/reward picture.

I know that I have posted this stock a few times. But I think this is a great play at the price. The stock is massively shorted right now at 25% of its float. If there next earnings are as stellar as there previous one then this stock is going to fly.(hopefully)  I see $35 as a bottom that may get retested again before $50 is taken out. Well with Blu-Ray becoming the next great thing, I want to buy more with a  sale like this.

I wanted to post this chart a few weeks back when the VIX spiked to 37.50. I was going to state that the bottom was probably hit for the overall market. Well I would have been right so far. The panic and fear finally kicked in that day. Too bad the site was not working because catching that bottom could have provided huge profits.

Wow, every stock that I held has crashed including the Bull Trader  site for a while. Well I am still in DRYS and in the next 6months I foresee a run up in price followed by the long awaited split. I am very bullish along with solar. The DRYS stock chart looks bullish all over and congrats to all who got in at a steal with a  price at $50 a share.

Can I interest anyone in a investment that pays about a 13%  dividend, is half as volatile as the average US stock, and is making new 52-week highs and looks to go higher? Sounds pretty good, huh?  Well, the investment I’m talking about is symbol PBT.  Per Yahoo: Permian Basin Royalty Trust holds overriding royalty rights in mineral properties in the United States. It holds a 75% net overriding royalty interest in Waddell Ranch Properties located in Crane County, Texas; and a 95% net overriding royalty interest in Texas Royalty Properties in Texas. The company was founded in 1980 and is based in Dallas, Texas. Permian Basin Royalty Trust operates as a subsidiary of Burlington Resources Oil & Gas Company LP.  I like this stock as a recession play.  Here is the chart: