Tuesday, July 22, 2008

Shine on you crazy DIA (MOND)

The indexes are hanging in there this earnings season and it is too early to make a call either way. The most beaten down sectors (financial, airlines, home builders etc) are surging higher but that still remains to be seen if they can continue this furious pace (we doubt it). The DIAMONDS are still the shining star...

The S&P closed above the 21 day MA today

The NASDAQ continues to be a laggard especially with the sour performance from Apple (AAPL) today.

As we mentioned awhile ago..the small caps continue to run!

ITM is likes POT here. Actually, Potash (POT) is scheduled to release earniings this Thursday and the chart is setting up for a bounce..

For those of you less risky folks....try Intrepid Potash (IPI). This is the second largest Potash (a component of fertilizer) maker and is a recent newbie to the stock market. The chart looks just as good and is quite a bit cheaper.



















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