Waiting Game Continues

 | Dec 28, 2012 | 10:39 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

tasr

,

hk

,

jaso

,

swc

The waiting game continues. After the gap down to start the day the market is bouncing around randomly as we await further fiscal-cliff news. The meeting with the President isn't until 3 p.m. EST, so big headlines aren't likely until late in the day.

Breadth has been improving steadily, which is probably a function of traders growing bored with this action. I'm seeing a little speculative action in solar stocks and some small oils but it is very limited. There just aren't any good reasons to build positions with the great likelihood of being jerked around by headlines later in the day.

I have a few little trades going but nothing very big. Taser (TASR) is one I've liked as an alternative gun play. That chart has developed nicely and it is pushing back toward the $9 level on good volume. Halcon Resources (HK), a small oil play I've mentioned previously, is bouncing and I'm inclined to look for an add point there. In the solar group, I took a position in JA Solar (JASO) but I'm also watching a few others. Stillwater Mining (SWC) is a mining play on platinum and I have a technical buy on that as it moves through $12.50.

I have a lot of cash on hand and would love to trade more aggressively, but until the politicians move out of the way it is going to be tough to do.

Columnist Conversations

Conclusion This is a very quick note to visualize the solar stock peer group. I'll do some individual stories ...
Conclusion SSYS is one of two giants in the 3-D printing arena and is reporting earnings on November 5th, afte...
Market continues to hold onto impressive gains in the last day of a roller coaster trading month. This month ...
UPS is bumping up against a very heavy layer of resistance today. The stock's 1.6% gain has pushed shar...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.