Monday, November 10, 2008

Obama effect - Stem cell research good, Oil exploration bad

over the weekend, news reports suggest Pres elect Obama will cancel a number of Bush's executive orders

top of the list is the ban on government funds for embryonic stem cell research

as a result GERN, OSIR, STEM, CUR are all indicated 20%+ higher on the open

Other stocks in the Healthcare/biotech sectors that continue to show relative strength include EBS at an all time high, QCOR, MYGN, CBST

A High Tech play in Healthcare is CPSI who provides IT to hospitals

The S&P and DOW are up overnight as China announced a stimulus package. It seems like OIL and GOLD and Natural GAS are also liking the news

of course the major indices are still consolidating the horrible losses in October and many prognosticators suggest another decline of 15-25% is still likely before a real bottom is in place

UNG and CHK are ways to play the Nat Gas move especially on a close over $7.35

DBS, DGP are the double gold and silver ETF and a strong close over $11 and $770 would seem to be the breakout levels for the preceious metals


http://stockcharts.com/charts/candleglance.php?gern,osir,stem,cur,ebs,qcor,mygn,cbst,cpsi,ing|C

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