The S&P broke the 100 this morning to the upside. Waiting for the test back of it to get proper confirmation. JPM and GS had positive earnings reports along with EMC on the tech side (3 stocks we are targeting), so this certainly did not hurt the markets. TNH and CF also broke out this…

The S&P is now tempting to break above the 100 day moving average (purple line) on Ben Bernacke’s comments today. He didn’t say anything meaningful except that, once again, he would act only if necessary. This sent the markets higher. While the overall breadth is not great (the other stocks in our portfolio are up only modestly), the…

When we say ride the wave we don’t mean it in a good way. Of course, if you are a trader then you love this market action because you can trade the range of ups and downs with ease. However, here at wallstreetstocksolutions.com, we take the traditional approach to investing, as any other way is…

We participated in the big day today, of course not as much as we would have liked because we are in 85% cash, but still a good day for the portfolio. RIG has been up 7% in the past 2 days and our other positions have continued to work. The S&P is up against the…

Not much to do today amidst the wild volatility. RIG followed through nicely on yesterday’s strength. Not using a stop-loss because the position size is so small and most of the selling pressure is behind the stock. Eyeing some other cheap names in the meantime as we have a hoard of cash at our disposal. I must say, I…

Folks, now is not the time to be getting aggressive in the markets. We are still in 85% cash waiting for the global picture to improve. But there are some cheap bargains out there, I believe. So we pulled the trigger on RIG today. Of all the energy names out there, RIG is cheap compared…

Market opened up higher this morning but failed up against the 100. It then proceeded to grapple with the 50 below it. I am looking to by RIG but today just did not present the opportunity. A famous trader once said that the key to buying stocks is patience, similar to a cheetah stalking its…

Transocean (RIG) In our relentless search for risk reduction and diversification, we are eyeing Transocean (RIG). While natural gas rig counts have declined due to falling nat gas prices, oil rig counts have remained stable. The global economic outlook is not pretty, but RIG yields a 7% dividend and is showing some nice technical developments-…

Not much happening today except that we are down another 150 points on the Dow (no surprise, again because all we are hoping for at this point are bailouts, stock valuations getting attractive, and positive earnings estimates). But with the slew of negative data out today (check my twitter page under Top Traders), I am…

A top-quality discount retailer, TJX (TJ Max & Marshalls) is a leader amongst its peers. TJX posted a “7% increase in same-store sales, topping expectations, with the company saying customer traffic significantly increased in every division. The off-price retailer also lifted its second-quarter and full-year outlooks” (Dow Jones). I am looking to add this name to the portfolio as…