Going higher

The Nanotech index breaks into new highs and keeps going...
The new trend seems that will stay here for a long time, probably following the major indexes for now, but what really matters is the performance.
Will it beat the S&P 500 gains in the next years? Or stay in line until the nanotech hype hits the markets in a really hard way?

Any future nanotech bubble is always welcome as long as we avoid the final burst, but I guess we will only see that happen when the nanotech buzz really hits the street, both in speculative news and pratical applications.

The tradable nanotech Exchange Traded Fund, PXN (Powershares Lux Nanotech Portfolio), is still lagging behind the $NNZ (Merrill Lynch Nanotechnology Index), but that could change in a few weeks:



Two recent articles on the Responsible Nanotechnology Blog:

Radical Nano Globalization

War, Big Brother, and Empire

And the really important question for alternative energies, "Will it be cost efficient?", on the Molecular Torch:
Cheap Hydrogen Fuel

NVAX and $NNZ

Four months ago I was tracking the heaviest stock on the Merrill Lynch Nanotech index, NVAX (Nanovax), and mentioned in the end of November that the 50 day moving average was being used as a good support and the stock looked nice for an entry point at the 3 dollar per share value.

Now we can see how the 50 day moving average did indeed hold the price of this stock with more than 150% gains in the last 4 months:


Remember that nanotechnology is for the longterm and some of this stocks are good for the next couple of years, even if some of them can't get that far.
While I believe in protective stops to avoid future Bear rallies or Bear markets, it's best not to use stop gains since much of the profit comes from these mid/long term moves.

The $NNZ is in new highs and if the S&P500 and NASDAQ go up this week we might finally have a breakout confirmation:


And some other good looking nanotech index stocks charts:

No new highs on the nanotechindex...

Couple of interesting this to read while the $NNZ isn't going anywhere:

This is a must see! A video showing how the future molecular home-factory should work:
Video Download page

Nanofactories -- manufacturing systems that work on the atomic scale -- are gradually moving from science fiction to science fact and one day could be used to build all manner of items such as drugs, semiconductor chips and even cell-sized robots that patrol the human body. But researchers first need to learn how to build a nanofactory, which means learning how to build the molecular components that will power it. With mounting theoretical and experimental evidence, proponents say these goals are within reach and will usher in a revolution in high-technology manufacturing.

Large Video

Nanotechnology applied to Solar Energy seems to be one of the top future achievements on my list, you can checkout this article liked on moleculartorch blog:
Solar Nanocrystal Cells

Bacteria could power tiny robots

More on molecular factories:
Nanofactories: Glimpsing the future of process technology

Back in business

Nanotech stocks is back, from it's whole month break, now hopefully with daily updates...

Looking back in the past month we can see the nanotech index didn't go far, neither making new highs or new year lows. Thanks to the recent upswing move from the S&P/Nasdaq the $NNZ is trying to break into new highs with good indicators like the MACD showing some promise:



If we get a close above the 223 point mark the index will probably resume it's midterm up trend, with some nanotech titles entering a new bullish rally.

Looking at the long term chart we can see the Bear nanotech market ended at the end of 2005. But we can be only verify this impeding sectorial Bull Market if the quotes get past the 230/235 points with a horizontal line resistance being tested twice in mid and ending of 2005.



That's all for now folks, more updates on single nanotech stocks and research news on the next updates...