Thursday

Thu Oct 30, 2008 5:48am EST Comments Off on Thursday

Earnings:

Akamai Technologies, Inc. (AKAM: 13.89 +4.59%)
Apache Corporation (APA: 74.81 0.00%)
Chesapeake Energy Corporation (CHK: 20.65 0.00%)
Dynamic Materials Corporation (BOOM: 14.57 +4.15%)
Electronic Arts Inc. (ERTS: 28.04 +5.33%)
Exxon Mobil Corporation (XOM: 74.65 -0.28%)
Genco Shipping & Trading Limited (GNK: 15.08 +4.36%)
IntercontinentalExchange, Inc. (ICE: 61.79 -3.90%)
Massey Energy Company (MEE: 21.17 +11.42%)
Motorola, Inc. (MOT: 5.46 -6.51%)
Sequenom, Inc. (SQNM: 15.64 +4.83%)
Southwestern Energy Company (SWN: 30.95 0.00%)

I’ll be out for much of the day today. Be sure to watch for a break in the opening range in solar– I have a good feeling there will be some great trades. (See post below on instructions on trading the opening range.)

The Kirk Report does a great job in listing stocks that gap higher in premarket. Start your search there and play with the strategy.

Don’t forget to check your morning news.

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Cajun Blog #2

Wed Oct 29, 2008 11:22pm EST 2

Here’s a quick little video on trading the opening range. When The PPT is released I will give a more detailed video (as well as work on picture quality), I will also explain how I look for my exit.

[youtube:http://www.youtube.com/watch?v=k4nt4l5TH6s 450 300]

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Do Not Be Fooled

Wed Oct 29, 2008 10:43am EST 14

Halloween is not until Friday and today is Wednesday aka FED day. I expect, and hope to see stocks trade sideways until the meeting, I actually prefer the market to be down leading into the decision.

There’s no need for the market to fly at the open, this will only bring the sellers out, aka Devildog. So, we want the market weak right here.

Remember 9 out of 10 times the initial move after the meeting is a headfake so be prepared for it.

As for me, I will likely nibble on some more W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]] and wait for it to “goose-step” higher. Then, I will wait for the FSLR’s report and watch it “goose-step”” in after hours. Then, I will go home and show the future wifey how one man’s account can Goose-step.

Remember, weakness is bullish here.

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Commodities

Wed Oct 29, 2008 9:26am EST 16

Oil, Gold, Copper, Silver, ect. That’s where I want to be today. A lot of the basic material names are still down huge, just take a look at this notable call on Southern Copper Corporation (USA) [[PCU]] . How about FCX under $30?

How about Ag, The Mosaic Company [[MOS]] under $30 anyone?

How about coal, [[KOL]] ?

Then there’s the independent oil & gas companies that I think are set to explode: W&T Offshore, Inc. W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]] , Petrohawk Energy Corporation [[HK]] , Denbury Resources Inc. [[DNR]] , Petroleo Brasileiro SA (ADR) [[PBR]] , Devon Energy Corporation [[DVN]] , ect.

What about gold & silver: Goldcorp Inc. (USA) [[GG]] or Silver Wheaton Corp. (USA) [[SLW]] ?

Plenty or room for upside in the above names, and this is where I will start my search today.

Check out the premarket gainers and losers

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