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The Oxen Group is a financial analysis and investment opportunities newsletter-based website run by financial analyst David Ristau and features several other traders. Ristau and team have been working in stocks for several years and has developed a knack for identifying winning short-term and... More
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  • Tech Looks Great for Monday - Play TYH

    The Oxen Group believes this may be a strong week for technology. Coming out of the RIMM earnings, the tech sector is looking up after being beaten down for the past week or two. On Monday, especially, the market looks bullish. Over the weekend, we had some bullish news coming from Apple that Steve Jobs is ready to go, recovered from a liver transplant, and is healthy. This is bullish news for a company that many believe depend on Jobs for guidance. Further, Google announced that they will be releasing a new Android G2 Phone on T-Mobile in August. New version looks very intense and this puts more fuel to the Google fire. Additionally, Barron's Online, for the week, is liking a recovery of tech, believing it has become undervalued, and they like Cisco and Microsoft, as well as, they did a special on how Yahoo! is turning things around. Well, one ETF bundles all these companies into one package, the Direxion Daily Technology Bull ETF (TYH). The ETF looks poised for a strong run on Friday as the market will be bullish on little economic news to pull down as investors look towards the Fed meeting on Tuesday that sent Asian stocks skyrocketing. Further, Oracle Corp. may be creating some buzz as they are set to release earnings on Tuesday. Tech stocks were doing well throughout Asia and the Nasdaq is trading significantly positively. TYH has a lot of room for some upward growth and is sitting very nicely in a neither oversold or overbought postion. Get in at the beginning of the day and ride the stock up.

    Read entry, exit, and resistance levels at theoxengroup.com

     
    Jun 22 2:06 AM | Link | Comment!
  • Sturm and Ruger Looks Ready to Pop on Smith and Wesson Revenu

    The Oxen Group, for Thursday, is hoping the market may be able to extend some gains. One thing is for sure that tomorrow will tell us a lot. With absolutely no major economic data to be released, we will see where this market is headed. Futures are up currently on some nice earnings in after hours, as well as, a bullish day from our friends across the Pacific Pond. One company that really shined on Thursday evening was Smith and Wesson. The company gave a revenue outlook that was very bullish as they said their quarterly revenue rose 20% above last year's numberss. The stock jumped 14% in after hours. Further, they said their backlog is now over $200 million. The real kicker was that they said their demand is up, and they have not seen demand like this in a long time. Whether its the recession or something else, citizens seem to really want to exercise their right to bear arms. One company that could definitely benefit from this news is another arms producer, Sturm, Ruger, and Company (NYSE:RGR). The company got a minor 7% pump up in after hours on the news from SWHC, and the company should continue that positive trend tomorrow as news will make the market. We don't like SWHC because it will pop up too high to make a large move, but Sturm should have a better ability to gap up less and move up higher on the bullish news. Technically, this news is perfectly timed, as well. The stock is at exactly a flat zone. It is really neither overbought or oversold. It is not overvalued or undervalued as well. The news should give a lot of buyers reason to jump in tomorrow.

    Entry: Recommended entering stock 10-25 minutes into session

    Exit: Out at 2-4% on buy in price.

    Resistance: Upper at 12.50

     
     
    Jun 19 10:24 AM | Link | Comment!
  • Daytrade on Oil ETF for Thursday

    The Oxen Group, for Thursday, is optimistic to hope for a good day from the market. Too many red days even in a bearish trend, means a correction every few days. Tomorrow, futures are already up as investors may be getting excited about jobless claims, which have been bullish for the past few weeks. Additionally, Research in Motion will be releasing earnings that are expected to be very positive for the tech sector, TARP paybacks were successful, and Chrysler appears ready to emerge from bankruptcy. The market is due for a fundamental correction, as there are some bargains presenting themselves again. One of these is oil, oil service companies, and oil ETFs. After oil prices have slipped, with a late small gain today, oil may be ready for a move on Thursday. Gasoline wholesale prices have continued to slip, which is signalling a pullback in gas prices. Further, oil may get a boost from a very bullish Chinese inventory announcement that shows the Chinese economy is pumping again, helping to increase oil prices in the Asian market. We like Ultra Proshares Oil & Gas (NYSEARCA:DIG) to rally, with major holdings in Exxon and Chevron, which have both been hit with losses for the past four days. DIG has lost 13% in the past four days and moved down too quickly, presenting an opportunity for money to pour into the stock. If jobless claims are bullish and gas prices rescind, investors will push this stock up as inventories really did not get a chance to increase the oil market, which was a bullish indicator. Oil looks ready for a fundamental rise, therefore, BUY DIG!

    Entry: Recommend buying within first 10-25 minutes.

    Exit: We recommend exiting after a 2-4% increase.

    Upper Resistance: 30.50

     
    Jun 18 12:46 AM | Link | Comment!
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