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Shopping list Update: See the latest posts about stocks to buy from BloggingStocks.

After nailing the top in Apple (NASDAQ: AAPL) and warning investors this would be a painful year, I've been getting hundreds of emails from people asking me what to do next? As if suddenly after two correct predictions, I'm Nostradamus or David Blaine!

Make no mistake, I'm neither a forecaster nor a magician, I'm just a trader who bases his decisions around these key elements: a distrust of everyone and every company on Wall Street (made easier by the likes of MBIA (NYSE: MBI), E*Trade (NASDAQ: ETFC) and Countrywide Financial (NYSE: CFC); a respect, bordering on religion, for charts and a quick trigger finger if the charts turn against me. I know people want longer term predictions, but I believe those to be 100% guessing games and potentially hazard to your investment health. Pregnant women should avoid them at all costs. Just kidding, it's fine for some people, but I like to make my predictions and cash out, so I can enjoy stress-free weekends if you catch my drift.

So, here's what I see right now: two weeks in and we're already halfway to my 10%-down market prediction, and Apple is down 15% (take that you stereotypical cheerleaders, go date some football players)! The markets are definitely rolling over, and while it's usually a long, drawn-out process, the charts seem to have little concern for what's normal as all the major indices have formed perfect head-and-shoulders patterns (a very bearish sign) and investors are rightfully freaking out.

Continue reading 10 stocks to buy amidst all the turmoil

10 stocks to buy amidst all the turmoil originally appeared on BloggingStocks on Wed, 09 Jan 2008 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AKNSBEAVBOOMCCFCCNQRDSTIELMGfeaturedinvestingLULUMERNVDASIGMsmall capsSmallCapsSOLFstocksTLEOTROWVPRTWed, 09 Jan 2008 10:10:00 EST<![CDATA[What 'American Idol' can teach you about solar stocks]]>http://www.bloggingstocks.com/2008/01/08/what-american-idol-can-teach-you-about-solar-stocks/http://www.bloggingstocks.com/2008/01/08/what-american-idol-can-teach-you-about-solar-stocks/http://www.bloggingstocks.com/2008/01/08/what-american-idol-can-teach-you-about-solar-stocks/#commentsFiled under: , ,

"I can't believe I won," cried Jordin Sparks, winner of last year's American Idol. Within seconds, industry and non-industry drones alike began formulating ways to attach themselves to her in some way, crazy in anticipation of the inevitable riches.

Months later, several Wall Street types were overheard saying, "I can't believe oil keeps going higher, alternative energy stocks are going to be hot, hot, hot," and thousands of investors went wild buying shares of the dozen or so solar stocks, crazy in anticipation of the inevitable riches.

Each industry has its stars: Kelly Clarkson, Carrie Underwood and Clay Aiken -- as determined by album sales -- for American Idol, First Solar (NASDAQ: FSLR), Sunpower (NASDAQ: SPWR) and MEMC Electronic Materials (NYSE: WFR) -- as determined by stock performance -- for the solar industry.

Continue reading What 'American Idol' can teach you about solar stocks

What 'American Idol' can teach you about solar stocks originally appeared on BloggingStocks on Tue, 08 Jan 2008 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American IdolAmericanIdolCarrie UnderwoodCarrieUnderwoodclay aikenClayAikenCSUNDSTIfeaturedfirst solarFirstSolarFSLRjessica sierraJessicaSierrakelly clarksonKellyClarksonLDKmemc electronic materialMemcElectronicMaterialruben studdardRubenStuddardsolarSPWRsunpowertaylor hicksTaylorHickstim sykesTimSykesWFRTue, 08 Jan 2008 10:20:00 EST<![CDATA[Don't be shocked when DayStar falls into the night]]>http://www.bloggingstocks.com/2008/01/04/dont-be-shocked-when-daystar-falls-into-the-night/http://www.bloggingstocks.com/2008/01/04/dont-be-shocked-when-daystar-falls-into-the-night/http://www.bloggingstocks.com/2008/01/04/dont-be-shocked-when-daystar-falls-into-the-night/#commentsFiled under: ,

Shares of DayStar Technologies, Inc. (NASDAQ: DSTI) were down almost 7% on the day. I'm here to warn you of one thing: this is not the time to be calling the bottom in this stock.

Momentum stocks, by nature, quickly become falling knives when share price strength weakens. DayStar Technology, a solar panel stock that traded up with its peer group, is no different. Although I don't know much about the particular economics of the company, I'm well-aware of how 'pumped' stocks soon fade into oblivion.

As you can see from the chart below, DayStar was recently unable to hold the crucial $7 per share resistance level. Additionally, the stock has soon retraced its recent gains each time it has become overbought on the RSI indicator (red circles on the chart).

As I said before, the stock is down today. Although this might appear to be a 'rest' from recent strength, I believe the stock is prime for a roll over. Be careful and protect your profits.

Don't be shocked when DayStar falls into the night originally appeared on BloggingStocks on Fri, 04 Jan 2008 20:14:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>daystardstioverbought stocksOverboughtStockspumped up stocksPumpedUpStockstechnical analysisTechnicalAnalysisFri, 04 Jan 2008 20:14:00 EST