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Two Ways: Big Blue Goes Green

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Strengthen your portfolio in good times and bad.

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IBM, Environmental Steward

IBM (IBM) is launching a new water venture. According to the Wall Street Journal, it's part of $1 billion effort to seek efficiencies in carbon, alternative energy and water management. Part of Big Blue's Project Big Green will focus on designing sensors and software for pipes, rivers and reservoirs. Sharon Nunes, who will lead the initiative, noted the great deal of stress being placed on water systems around the world and believes the market for water management could reach $20 billion.

From the Bull Pen: In technology, bulls need to look no further than IBM. Keep in mind short term support near $88. One can set a sell stop below that level. Is this also a clue about the demand for water? Consider the PowerShares Water ETF (PHO); sell stops can be set 2 points from entry.

From the Bear Cave: We've come from such oversold conditions that downside plays are few and far between. But one might exist in the Japanese Yen ETF (FXY); a gap fill near $105 might provide a decent entry. If and when.

Quick Check Around the World

Asian trading closed with the Hang Seng 4.37%, Nikkei 5.15%, India 4.95%, Taiwan 3.00% and Shanghai -0.24%.

Glancing towards Europe, we see the CAC 2.31%, DAX 1.81%, FTSE 2.43%,

As of 8:00 AM EST, S&P Futures are trading +7 to 755, and Nasdaq futures are +7 to 1170.

A Look At Commodities

Crude oil is trading +0.75 to 47.78. Gold is +0.60 to 924.60. Silver is +0.82 to 13.025, and copper +5.40 to 167.85.

The dollar index is -0.12 to 87.5450.

On the Radar

Economics

08:30 Trade Balance -38.2b
08:30 Import Price Index (MoM &YoY)
10:00 U. of Michigan Confidence 56.3

Remember to trade your portfolio, not your P&L. Good luck and have a great weekend!

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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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