By Arthur Daret on 5/30/2008 12:09 PM

The markets traded in a lackluster fashion today. Financial stocks struggled but technology did quite well in part due to Dells (DELL) earnings announcement after Thursday's close.

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By Arthur Daret on 5/28/2008 2:01 PM

The weekly Investors Intelligence survey of newsletter writers market outlook showed a steep decline. Bullish sentiment now stands at just 37% (35% or lower has coincided with bear market bottoms). This is a very good development because it means that there is probably to much bearish sentiment (or lack of enthusiasm) for another major decline to take place for now. Of course there are no guarantees but I think the odds are very good that we saw the market lows earlier this year.

By Arthur Daret on 5/28/2008 1:43 PM

The market moved higher into the close today. Earlier, the government said orders for items including aircraft, machinery, cars, refrigerators and computers slipped 0.5 percent last monthWall Street expected a steeper decline. Excluding transportation, orders rose 2.5 percent -- the sharpest increase in nine months. And orders for electrical equipment and appliances jumped 27.8 percent, the largest-ever increase.

A few of our stocks posted nice gains today. Textainer Group Holdings (TGH) +5.2%, Rensola (SOL) +5.29%, Gushan Environnental Energy (GU) +3.86%, Tele-Norte (TNE) +4.3%, Solera Holdings (SLH) +3.9%, Mecadolibre (MELI) +3.3% and Gafisa (GFA) +7.5%.

Enjoy the rest of your day!

Arthur Daret

By Arthur Daret on 5/27/2008 3:30 PM

Durable Goods orders, Gross Domestic Product (GDP) and Initial Jobless Claims due out this week.

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By Arthur Daret on 5/26/2008 6:03 PM

 

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