long beach ibd meetup - november 2010
DESCRIPTION
Discussion of current market conditions and investment ideasTRANSCRIPT
November 2010
1
Agenda• Market Update
• Leadership Stocks
• Investment Ideas
• Your Charts
• Buy or Bye Bye
2
NASDAQ
3
S&P 500
4
The big Picture
5
Commodities In Play• Second round of Fed
QE increases inflation risk
• QE2 to put downward pressure on dollar
• Lower dollar put upward pressure on commodities prices
• Flooding in Thailand – world’s 2nd largest producer
• World cotton supplies lowest in 15 yrs
6
Sector Strength• Tech still dominating• Commodity related
strong (mining, oil, coal, fert’s, farming, food)
• Solar moving up
7
Be careful!
8
DBC (Powershares DB Commodity index)
9
Moo (Market vectors Agribusiness)
10
GLD (Gold Daily Chart)
11
Gold Weekly
12
SLV (iShares Silver Trust)
13
AAPL (Apple Inc)
14
Goog (Google)
15
Slw (silver Wheaton)
• Recovered from 10/19 sell off
• 11/3 action positive
• Tends to hold 20 day SMA
16
OPEN (open table)
17
NFLX (Netflix) – buy or bye bye?
18
NFLX (Netflix) – buy Arguments
19
NFLX (Netflix) – bye bye arguments
20
Bidu (Baidu) – buy or bye bye?
21
Bidu (Baidu) – buy Arguments
• Cousin to Google
22
Bidu (Baidu) – bye bye arguments
23