Sector Indexes

It seems that biotech is going up (due to swine flu?). Oil and gas is not working well while Nasdaq is heading up again.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Neutral
DJI	Down	Up	Neutral
NasdaqComp	Neutral	Up	Up (+)
DJ Transport	Down	Up	Neutral
DJ Utility	Down	Up (+)	Up
Russell 2000	Down	Up	Neutral
AMEX Airline	Down	Neutral	Neutral
AMEX Biotech	Neutral	Up	Up
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Down (-)	Neutral (-)	Neutral
AMEX Oil	Down	Neutral (-)	Down (-)
AMEX Security Broker	Neutral	Up	Neutral
AMEX Telco	Up	Up	Neutral
KBW Bank	Down	Up	Neutral
KBW Insurance	Down	Up	Neutral
PHLX Housing	Down	Down	Down
PHLX Semiconductor	Up	Up	Neutral
S&P Retail	Up	Up	Neutral

Sector Indexes

Correction week. Looks like strength in biotech. Swine flu play?

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Neutral (-)
DJI	Down	Up	Neutral (-)
NasdaqComp	Neutral	Up	Neutral (-)
DJ Transport	Down	Up	Neutral (-)
DJ Utility	Down	Neutral	Up
Russell 2000	Down (-)	Up	Neutral (-)
AMEX Airline	Down	Neutral	Neutral
AMEX Biotech	Neutral	Up	Up
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Neutral	Up	Neutral (-)
AMEX Oil	Down	Up	Neutral (-)
AMEX Security Broker	Neutral	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral (-)
KBW Bank	Down	Up	Neutral (-)
KBW Insurance	Down	Up	Neutral
PHLX Housing	Down	Down	Down
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Neutral

Sector Indexes

It was a boring week. The last hour action is still giving bulls and bears a lot of trouble. Last hour push up and push down is now a normal affair. Generally, some sectors are downgraded while there are no upgrades.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Up
DJI	Down	Up	Up
NasdaqComp	Neutral	Up	Up
DJ Transport	Down	Up	Up
DJ Utility	Down	Neutral	Up
Russell 2000	Neutral	Up	Up
AMEX Airline	Down	Neutral	Neutral (-)
AMEX Biotech	Neutral	Up	Up
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Neutral	Up	Up
AMEX Oil	Down	Up	Up
AMEX Security Broker	Neutral	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Down	Up	Up
KBW Insurance	Down (-)	Up	Neutral (-)
PHLX Housing	Down	Neutral	Neutral
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Neutral (-)

Akeena Solar, Inc. (AKNS)

AKNS Daily Chart

AKNS is a laggard play in the solar sector. Bought 2009 Aug call.

Sector Indexes

S&P 500 Weekly Chart

S&P 500 is just at the downtrend line drawn from May 2008. A break means the next target of 1000. Lots of upgrade for the various sectors, most of the gain was achieved on Monday rally. I must admit that it is hard to trade the market as there are a lot last minute push up or down. Some traders blame it on the Plunge Protection Team (PPT) for manipulating the market. For me, it doesn't matter who are manipulating because manipulation is always part of the stock market. Investors, traders and manipulators are all part of the stock market ecology. We just need to know how to out smart the other.

The summary for the various sectors:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Up
DJI	Down	Up	Up
NasdaqComp	Neutral (+)	Up	Up
DJ Transport	Down	Up (+)	Up
DJ Utility	Down	Neutral	Up
Russell 2000	Neutral (+)	Up	Up
AMEX Airline	Down	Neutral (+)	Up (+)
AMEX Biotech	Neutral (+)	Up (+)	Up
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Neutral (+)	Up	Up
AMEX Oil	Down	Up	Up
AMEX Security Broker	Neutral (+)	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Down	Up	Up
KBW Insurance	Neutral (+)	Up	Up
PHLX Housing	Down	Neutral	Neutral
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up (+)

Applied Materials Inc. (AMAT)

AMAT Daily Chart

AMAT has given me a buy signal. The day before it has broken out from the downtrend line, but it has since fallback. Bought 2009 Oct call. 

Taseko Mines Ltd. (TGB)

TGB Daily Chart

TGB broke out of a triangle formation. Bought TGB for copper play.

Copper Play

Copper Daily Chart

Copper has broken out from the symmetrical triangle formation. There are a few ways for you to invest/speculate in copper:

1. Physical copper: JJC is a copper ETN
2. Copper mine: PCU and TGB
3. Copper industry: SLT and WIRE

Of this 5 stocks, I see that only JJC, PCU and TGB provides a good risk/reward entry.

Disclosure: I'm long in PCU call options.