Market Trends

The Dow is teetering on the edge this morning…

All indicators show that a correction is in order, but whether it'll be slight or tragic, investors have yet to find out.

Will the Blue Chips maintain its stance above the 10-day Moving Average once again, using it as a strong support point?

Or will support finally break and the 10-day turn back into resistance?

Historically, the first trading day in October has been up 6 out of the last 9 years. As of 10:00 am this morning, investors are waiting to decide if they want to continue that trend.

Material Profits

According to MarketWatch.com, global warming is becoming a “hot investment opportunity.”

I noted on my Material Profits blog that businesses and companies are really taking the reins when it comes to alternative energy.

I said, “It's been companies taking the reins, not government - at least here in the U.S. And for a capitalistic society, that's good news.”

This week, I'm in Vegas Wednesday and Thursday. Today, I'll talk about some fossil fuels, and tomorrow we'll dive back into renewable energy.

Trading Tactics

As we officially begin the first trading day of the 4th quarter, everyone on Wall Street is trying to figure out whether or not we're due for a correction. This morning, two pieces of negative news hit the tape, as disappointing sales forecast from Wal-Mart Stores and a broker downgrade of Apple Computer pushed the market indices slightly into the red.

On the positive side, the Semiconductor Industry Association reported that worldwide sales of semiconductors reached an all-time monthly record of $20.5 billion in August, which was up 10.5% from a year ago Does this mean that tech stocks will finally wake up?

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