brookinsbuys est 1991

                

 

See DJIA 2008-2009 Bear Market Downside Target

 

Give me the courage Lord, to sail my boat out from the shore;

For I'd rather know the Ocean's gale, and hear the Tempests' roar,

than anchor safely in some bay, because Fear conquered me;

Let craft less daring inland stay, be mine the pathless Sea.

 

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Sample Letter

 


 

THURSDAY,   16 APRIL 2009

END-DAY SUMMARY

 

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Copyright 2009. Disclaimer at website applies. Charts are courtesy of TC2000.

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brookinsbuys   est 1991                                                      http://brookinsbuys.com/

  

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MARKET WEEK:    April 17 - 24, 2009

 

(When both 9-day and 200-day moving averages (trends) are UP, it is safe to buy new stocks and hold. When both are DOWN, your portfolio should be mostly in cash. When one is UP and one is DOWN, then you should minimize your capital exposure, reduce positions, and be very selective when buying new stocks).

 

DJIA (8125): 9-day trend: up; 200-day trend: down

NASD (1670): 9-day trend: up; 200-day trend: down

SP500 (865):  9-day trend: up; 200-day trend: down

US Dollar Index (DXYO : 84.98): 9-day trend: down; 200-day trend: up

Gold (GLD : 85.81): 9-day trend: down; 200-day trend: up

Oil: (OIH : 87.58): 9-day trend: up; 200-day trend: down

 

 

Good evening everyone.

 

The markets are inching their way higher now through some serious price resistance. Short-term, the markets are very over bought and need a significant pullback before proceeding to our upside targets. But they may not rest. Little stocks (< $2) are flying all over the place.

 

For now, we’ll stay mostly long and keep stop prices tight. I still expect new market lows between Fall 2009 and Summer 2010. We’ll see…..

 

Interesting

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html

 

 

 

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TRADES IN PROGRESS

key: stock name (symbol : entry price): current price; notes

Stocks that I am actively trading. A stock that has been trading in a range (ex: between $5 and $6) for a period of time, that is called "Basing-Breakwatch;" when it finally breaks above $6, that is a major buy point and the stock is "Breaking Out" of its range. I buy from this section occasionally, but usually use a "limit buy" order. Trending Higher - the stock is in the middle of a trend; more risky to buy in this chart pattern. “Extended Short-Term” – the stock has run a bit and may rest ant day; best to buy these during weakness;  "Basing- Breakwatch" - stocks that are in the base; they will be buys if they break above their price resistance (high end of trading range). I try to buy from this section usually with a "buy stop" order. “Pullback to Support” - stocks that have moved, or are moving back price support. “Weak Stocks” - have broken price support or are acting weak; consider “Selling,” or Taking Profit” or “Taking Loss”.

 

 

BREAKOUTS

None 

 

TRENDING HIGHER

CROCS INC  (CROX : 1.63): 2.06; sell stop 1.60

METCHEL STEEL (MTL : 6.40): 6.61

SIRIUS XM RADIO (SIRI : 0.31): .41;  speculation only; sell stop .33

 

EXTENDED SHORT-TERM

None

 

BASING – BREAKWATCH

AGFEED INDUSTRIES (FEED : 2.14): 3.41; took profit at 15% gain; sell stop 3.19

NORTHERN OIL & GAS (NOG : 4.06): 4.74; sell stop 4.40; took profit at 12% gain

 

RESTING

None 

PULLBACK TO PRICE SUPPORT

None 

WEAK

None

 

SELL OR TAKE PROFIT

POWERSHARES INDIA ETF (PIN : 13.73): 13.79; stopped out   

SUNTECH POWER HOLDINGS (STP : 13.50): 14.40; stopped out; took profit at 11.8% gain

US NATURAL GAS (UNG : 14.60): 14.61; stopped out

 

 

 

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NEW TRADES

Primary goal is to make a 4% gain within 10 trading days; then to sell majority of position and let the rest ride in the Active Trader section until the trend is broken.

 

 

CHANGYOU.COM (CYOU: 27.31): not for the faint at heart; buying if it hits 28.61

EVERGREEN SOLR (ESLR: 2.29): buying if it hits 2.41

NABORS INDS (NBR: 14.57): buying below 14.30

POWERSHARES DB CRUDE OIL LONG (DXO: 2.96): buying if it hits 3.26

SCHERING-PLOUGH (SGP : 23.30): buying if it hits 24.05

 

 

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$100,000 MODEL PORTFOLIO

 

01/01/09 SP500903

04/16/09 SP500865

Percent Gain/Loss:    (4.21%)

 

01/01/09 Model Balance:   $100,000.00

04/16/09 Model Balance:   100,957.76

Percent Gain/Loss:            0.96 %

 

 

CURRENT MODEL POSITIONS

Key: Entry Date: Direction, # of Shares, Symbol (Entry Price): Current Price; notes; Status or Action)

 

Long 2500 shares SIRI at .29: currently at .41; sell stop .37

Long 100 shares of STP at 13.50; currently at 14.67; sell stop 14.13  

Long 100 shares of UNG at 14.44

Short 50 shares JNJ at 53; currently at 52.20

Short 50 shares MCD at 56.36; currently at 54.70

 

MODEL CHANGES

Stopped out of CKSW at 4.24

 

I am not buying any of the following if they “gap up” at the open

Buying 300 shares of SGP if it hits buy price 24.05

Buying 3000 shares of DXO if it hits 3.26

Buying 150 shares of CYOU if it hits 28.61

Buying 1500 shares of ESLR if it hits 2.41

Buying 150 shares of NBR below 14.29

 

 

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$100,000 INDEX FUND MODEL PORTFOLIO

 

Start Date: February 18, 2009

SPY:                    $79.03

BB Index Fund:  $100,000

 

Last Update: April 16, 2009

SPY:                    $86.50            +9.45%

BB Index Fund:  $105,368.50   + 5.37%

 

CURRENT MODEL POSITIONS

Long 300 shares of SPY at 83.86; currently 86.50; use sell stop 83.58

Long 300 shares of DIA at 79.05; currently 81.26; use sell stop 78.71

 

MODEL CHANGES

None

 

 

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WATCHlist

 

 

SYMBOL INDUSTRY INTRODUCTION PRICE           HERE CURRENT   PRICE %Gain or Loss AVERAGE DAILY VOLUME LAST QTR EPS % INCREASE LAST QTR SALES % INCREASE FORWARD EPS ESTIMATES STOCK VALUE ($) POTENTIAL PERCENT GAIN BASED ON VALUE NEXT EPS REPORT BROOKINS' SHORT-TERM CHART RANK COMMENTS
LNET CABLE 1.65 1.69 2.42 122,000   -9       04/29/09 A  
CAEI CHINA BUILDING/CONSTR 1.30 1.71 31.54 120,000 200 107       03/27/09 A CHINA
GU ENERGY-ALTERNATE 2.28 2.54 11.40 602,000   24 0.61 10.00 338.60 05/13/09 A CHINA BIODIESEL
ESLR ENERGY-SOLAR 2.09 2.29 9.57 4,505,000   99 0.29 5.50 163.16 04/17/09 A  
CSIQ ENERGY-SOLAR 6.47 6.84 5.72 848,000   -43 0.57 12.00 85.47 05/13/09 A  
JASO ENERGY-SOLAR 3.07 3.60 17.26 4,700,000   0 0.50 10.00 225.73 05/12/09 A  
CSUN ENERGY-SOLAR 2.98 3.12 4.70 550,000   -40 0.38 8.00 168.46 05/20/09 A CHINA
CYOU INTERNET 23.26 27.31 17.41 2,327,000 200 144 3.05 60.00 157.95 04/28/09 A CHINA GAMING
ASIA INTERNET 16.54 18.26 10.40 490,000 22 32 0.94 25.00 51.15 04/23/09 A CHINA
ETQ METAL ORES 5.14 5.66 10.12 110,000 999         05/15/09 A  
GRO AGRICULTURE 1.17 1.75 49.57 225,000 -40 31 0.32 4.00 241.88 06/26/09 A CHINA; SEEDS
TTM AUTO 6.64 7.59 14.31 892,000 -30 17 0.20       A INDIA CAR MAKER
NRGN BIOTECH 0.23 0.21 -8.70 212,000     -0.59     05/08/09 A CHART
MRNA BIOTECH 0.76 0.87 14.47 258,000   -97       05/08/09 A BREAKOUT
SDTH CHEMICALS 3.25 3.90 20.00 165,000 -27 11 0.40 8.00 146.15 05/06/09 A CHINA
EBAY E-COMMERCE 13.95 14.41 3.30 15,500,000 -9 -7 1.53 30.00 115.05 04/16/09 A  
NCOC ENERGY-COAL 1.20 1.30 8.33 153,000   -6 1.19 10.00 733.33 05/15/09 A  
SOLF ENERGY-SOLAR 4.19 4.71 12.41 710,000   22 0.28 6.00 43.20 05/21/09 A CHINA
GCH GREATER CHINA FUND 9.48 9.52 0.42 110,000             A  
SNDA INTERNET 45.07 53.75 19.26 937,000 32 52 3.25 90.00 99.69 05/27/09 A CHINA
COMS NETWORKING 3.58 3.73 4.19 3,450,000 63 -3 0.33 9.00 151.40 06/24/09 A  
DXO OIL ETF 3.01 2.96 -1.66 32,488,000             A  
ENT OIL-GAS 0.82 1.03 25.61 129,000 114 92 0.22 2.00 143.90 05/14/09 A BREAKOUT
ARST SOFTWARE 13.32 14.85 11.49 400,000 75 32 0.51 15.00 12.61 06/19/09 A  
GSI STEEL 4.51 4.51 0.00 192,000   -3 0.71     05/15/09 A  
GRMN TELCOMM 21.27 22.12 4.00 2,245,000 -29 -14 2.40 30.00 41.04 04/30/09 A  
PALM TELECOMM-WIRELESS 9.13 9.90 8.43 7,500,000   -71 -0.74     06/26/09 A BUYOUT CANDIDATE
KONG TELECOMM-WIRELESS 5.19 6.64 27.94 57,000 -25 35 0.17     05/16/09 A CHINA
FRPT TRUCKS 5.81 7.68 32.19 800,000 42 -46 0.47 8.00 37.69 05/15/09 A BREAKOUT
FMCN ADVERTISING 6.51 6.99 7.37 3,170,000 -88 -48 0.83 10.00 53.61 06/05/09 B CHINA
FEED AGRICULTURE 2.27 3.41 50.22 1,170,000 56 275 0.55 5.00 120.26 05/15/09 B PIG FEED; CHINA
BAC BANKS 7.49 10.34 38.05 444,515,000   -11 1.35 10.00 33.51 04/21/09 B CHART ONLY
C BANKS 2.70 4.01 48.52 488,803,000   -38 -0.09     04/18/09 B CHART ONLY
ONTY BIOTECH 2.72 2.92 7.35 43,000 508 999 -0.53     05/07/09 B CHART
CERS BIOTECH 0.92     100,000   51       05/01/09 B CHART ONLY
NBY BIOTECH 3.05 2.65 -13.11 26,000   45 -0.37     05/14/09 B CHART
SIGA BIOTECH WARFARE 5.58 6.20 11.11 190,000   41       05/09/09 B  
WATG CHINA AUTO 3.65 5.83 59.73 91,000 -12 15 0.91 9.00 146.58 05/14/09 B MAKES ELECTRICAL PARTS
FXI CHINA ETF 30.51 32.94 7.96 38,300,000             B 25 STOCKS
AAPL COMPUTER 115.16 121.45 5.46 25,300,000 1 6 5.90 180.00 56.30 04/23/09 B  
PTI COMPUTER SERVICES 6.10 6.75 10.66 47,000 -49 2 0.99 10.00 63.93 04/30/09 B INDIA
WIRE COPPER CABLE 22.84 23.75 3.98 223,000 999 -36 1.30     04/23/09 B  
QTM DATA STORAGE 0.69 1.02 47.83 1,505,000 71 -19 0.26 4.00 479.71 05/15/09 B BREAKOUT
SGP DRUGS 23.34 23.30 -0.17 23,900,000 44 17 1.92 40.00 71.38 04/23/09 B  
YGE ENERGY-ALTERNATE 6.31 7.10 12.52 3,950,000 -12 30 0.97 18.00 185.26 05/15/09 B CHINA
STP ENERGY-SOLAR 13.43 14.67 9.23 4,100,000   4 0.98 27.00 101.04 05/22/09 B CHINA
TSL ENERGY-SOLAR 12.28 13.29 8.22 665,000 -25 113 1.90 20.00 62.87 06/06/09 B CHINA
LDK ENERGY-SOLAR 6.78 8.46 24.78 2,970,000   121 2.19     05/12/09 B CHINA
UGA ETF GAS PRICE 24.89 25.03 0.56 170,000             B  
BPSG FINANCE-BROKERAGE 3.50 4.00 14.29 61,000 114 316 0.02     05/14/09 B  
CDII FINANCIAL CSLTG 1.22 1.28 4.92 122,000   -27 0.67     05/07/09 B CHINA
AEA FINANCIAL SERVICES 2.17 3.78 74.19 203,000 -38 -5       04/23/09 B CHART ONLY
RAX INTERNET 8.38 8.98 7.16 377,000 200 34 0.24     07/25/09 B  
BIDU INTERNET 182.59 203.45 11.42 2,400,000 58 69 7.38 220.00 20.49 04/24/09 B  
GOOG INTERNET 359.37 388.74 8.17 5,402,000 15 18 24.10 600.00 66.96 04/17/09 B  
RGR LEISURE-GUNS 11.40 11.48 0.70 302,000 400 72 0.75 20.00 75.44 04/22/09 B  
CLRT MEDICAL 2.20 2.46 11.82 101,000   78 0.11   3.30 04/30/09 B CANCER
DCTH MEDICAL PRODUCTS 2.60 2.60 0.00 51,000           05/09/09 B CHART ONLY
CPSI MEDICAL SOFTWARE 33.91 34.49 1.71 255,000 25 14 1.82 50.00 47.45 04/25/09 B OBAMA STOCK
CERN MEDICAL SOFTWARE 42.07 46.78 11.20 1,600,000 25 18 2.82 60.00 42.62 04/22/09 B  
GMO METALS 1.17 1.78 52.14 405,000     -0.18     05/07/09 B  
FNM MORTGAGE 0.70 0.90 28.57 29,00,000           05/06/09 B CHART ONLY
FRE MORTGAGE 0.70 0.91 30.00 15,174,000           05/14/09 B CHART ONLY
CSCO NETWORKING 16.82 18.08 7.49 61,100,000 16 -8 1.19 25.00 48.63 05/06/09 B  
ATW OIL-GAS 19.37 21.75 12.29 1,250,000 103 49 4.50 50.00 158.13 05/08/09 B  
CHK OIL-GAS 19.49 20.94 7.44 17,200,000 -22 43 2.66 50.00 156.54 05/01/09 B  
SNP OIL-GAS 70.66 74.09 4.85 680,000 11 22 9.71 150.00 112.28 04/28/09 B CHINA
KOG OIL-GAS 0.38 0.39 2.63 821,000   -48 -0.09     05/08/09 B CHART ONLY
PXD OIL-GAS 21.13 21.13 0.00 3,750,000   -11 0.70     05/07/09 B CHART ONLY
HEAT POLLUTION CONTROL 5.89 5.80 -1.53 14,000 999 586 0.52 10.00 69.78   B CHINA
CROX RETAIL 1.44 2.06 43.06 1,325,000   -44 -0.33     05/07/09 B CHART ONLY
DIGA SECURITY 1.00 0.94 -6.00 58,000   -28       05/07/09 B OBAMA STOCK
TSEM SEMICONDUCTOR 0.26 0.35 34.62 111,000   26       05/19/09 B CHART
ATHR SEMICONDUCTOR 16.39 17.93 9.40 2,070,000 -53 -14 0.71 21.00 28.13 04/28/09 B  
ENTR SEMICONDUCTOR 1.32 1.48 12.12 121,000   -26 0.01     04/28/09 B HOME NETWORKING
HIMX SEMICONDUCTOR 2.52 2.89 14.68 346,000 -88 -53 0.30 9.00 257.14 04/29/09 B  
QUIK SEMICONDUCTOR 1.83 1.78 -2.73 66,000   -45 0.02     04/24/09 B CHART
SIMO SEMICONDUCTOR 3.04 3.25 6.91 192,000 -77 -39 0.52 10.00 228.95 04/30/09 B TAIWAN
SB SHIPPING 3.26 4.00 22.70 112,000 -64 -17 2.25 10.00 206.75 04/28/09 B  
VMW SOFTWARE 30.09 30.19 0.33 1,825,000 38 25 1.15 30.00 -0.30 04/22/09 B  
MVSN SOFTWARE SECURITY 17.62 19.88 12.83 1,566,000 -69 182 1.67 30.00 70.26 05/07/09 B  
FIRE SOFTWARE-SECURITY 9.90 9.90 0.00 102,000 30 33 0.18     05/01/09 B  
MTL STEEL 5.38 6.61 22.86 4,300,000 148 95 1.01 10.00 85.87 05/29/09 B  
AKS STEEL 8.24 11.54 40.05 8,800,000   -14 1.20 12.00 45.63