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Weekly Market Review
Readers,
I want to welcome you to my free "First
Alert" newsletter service. I send out a Daily Market Recap, Mid Day
Reports and Weekly Market Recap under "First Alert". I also send many
company profiles for investment consideration but the choice is ultimately
yours to buy, trade, hold or sell a security mentioned. Do your due
diligence and then do more due diligence making prudent investment
choices. I will seldom write telling someone what to buy or when to sell
what was bought. Those choices are your own.
First Alert Stocks, OTC Stock Reporter,
Willy's Financial Terminal, Willy's OTCBB and Wall Street Terminal are
owned by First Alert Financial LLC.
Thank you,
Harold Engel |
Readers,
The week was flat as the markets churned all week long looking for short term
direction. The next couple weeks should have companies report decent earnings
moving the markets higher. Our economy is moving forward in a positive way just
at a slow pace. Slow is good long term as it builds support allowing higher
moves to be stabilized. Stability is good in the markets. My short term opinion
has been raised to 'short term bullish'.
Short Term Bullish (Next 30 days)
Thank you,
Harold
Typical Trader Feelings
FEAR = Panic Gut Pains
Greed = Euphoric Expectations
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My Favorite Quotes For All Those That Dream |
Mark Twain wrote many years ago,
"Keep away from people who try to belittle your ambitions. Small people always
do that, but the really great make you feel that you, too, can become great."
Thomas Edison wrote,
"Many of life's failures are men who did not realize how close they were to
success when they gave up."
Signs of oil spill recovery entering new phase-
AP
BP's new boss says it's time for a "scaleback" in cleaning up the
Gulf of Mexico oil spill. Federal officials say there is no way the
crude could reach the East Coast. And fishing areas are starting to
reopen.
+ 41.32
Week Close 10,465.94
Then INDU managed to close green for the week + 41.32 closing @
10,465.94. The MACD buy signal remains and the Stochastic is coming
down. The close Friday was resting on the 13 DMA suggesting possible support
going into next week. The recent top on the chart is a higher high
suggesting a possible longer term trend reversal. Another higher top would
be bullish for a move into 1st Q reporting in 2011. Short term the INDU
should remain choppy with upward bias present at this time.
Last Week Close 10,424.62
The INDU had a bullish week pushing higher daily closing at 10,424.62
gaining a bullish + 326.72. The MACD buy signal is still in tact and the
Stochastic has turned upward after a mid-way correction. The 13 DMA is about
to cross through the 50 DMA to the upside. This is a major buy trigger
suggesting a new trend might be taking place. I am very optimistic about the
INDU securities at this time.
STAY ALERT AND PROTECT YOUR WEALTH
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Close: 10,465.94 | |
- 1.22 | | Daily INDU Chart | | (Live Daily Updating Chart) | | Source Clearstation.com | | Dow Jones Industrials |
- 14.77
Week Close 2,254.70
The Nasdaq lost - 14.77 points for the week closing slightly lower @
2,254.70. The MACD is floundering a little but not alarming. The
Stochastic is coming down and I am expecting a mid-way shallow correction. A
MACD buy signal is still triggered. at this time their is a 13 DMA cross
through the 50DMA to the upside indicating higher Nasdaq is coming. Also a
higher top on the chart is a indication that an uptrend is slowly
materializing. Like the INDU going into 2011 1st Q could get very
interesting.
Last Week Close 2,269.47
The Nasdaq had a nice close 2,269.47 gaining + 90.42. The Nasdaq MACD
triggered a buy signal towards the end of this week. The MACD is looking
very strong and a mid-way Stochastic turn is very bullish. Like the INDU the
13 DMA is about to cross upward through the 50 DMA. Currently a high top
close Friday makes the chart look bullish. The coming week the Nasdaq
reporting companies should report bullish earnings enough to move the Nasdaq
higher.
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Close: 2,254.70 | |
+ 3.01 | | Daily Nasdaq Chart | | (Live Daily Updating Chart) | | Source Clearstation.com | | Nasdaq Composite |
- .24
Week Close 650.89
The Russell showed some strength this week closing flat at 650.89. This
is actually a short term bullish close for the Russell. The MACD did set off
a buy signal this week. The Russell is coming up against resistance.
As you look back you see this is a toppish area since May. Short term a
higher top is present but a upward trend reversal still needs to be
confirmed. A 13 DMA cross upward through the 50 DMA would be bullish short
term.
Last Week Close 650.65
This was a big week for the Russell. The close, 650.65, is at a top
needing to move higher next week. The MACD is now looking bullish and the
Stochastic made a mid way reverse higher. The Russell is lagging the other
Indices. Next week the Russell need to move higher showing 650.00 as support
not resistance.
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Close 650.89 | |
+ 0.46 | | Daily Russell Chart | | (Live Daily Updating Chart) | | Source Clearstation.com | | Russell 2000 |
Currency Pair Price Change %Change
Day Range 52 Week Range
EUR/USD 1.3051 -0.0030
-0.2293% 1.2980 - 1.3094 1.1876 - 1.5144
USD/JPY 86.4650 -0.4300
-0.4949% 85.9650 - 86.8150 85.3650 - 97.7850
GBP/USD 1.5685 +0.0074
+0.4740% 1.5553 - 1.5722 1.4227 - 1.7043
AUD/USD 0.9036 +0.0019
+0.2163% 0.8965 - 0.9067 0.8066 - 0.9406
USD/CAD 1.0293 -0.0064
-0.6228% 1.0265 - 1.0376 0.9930 - 1.1126
USD/CHF 1.0408 -0.0005
-0.0480% 1.0361 - 1.0467 0.9910 - 1.1732
| Currency News & Commentary |
Thomas Edison wrote,
"Many of life's failures are men who did not realize how close they were to
success when they gave up."
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First Alert Stocks™
Featured Company
Wolverine Exploration Inc. |
Readers,
I recommend you do serious DD about this company. In my opinion this stock could
make a major move soon towards .25. Trenching and portable drilling, 2' up to
100', will soon begin. These are exciting times for this company. I am told a
Canadian Mining Fund Manager is starting to take a position. Please keep in mind
this is a Canadian Mining Company with contacts in the Canadian Mining Sector in
Canada. When trenching and drilling results start to leak out, possible before
assays completed, this stock could get serious Canadian mining attention. This
is about to develop into a serious play in my opinion. If they have what they
believe they have a senior mining company could possible acquire this company.
This is a longer term mining play and a very serious possible mega percentage
return in my opinion.
Harold
For further research ~
http://www.wolverineexplorationinc.com |
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First Alert Stocks™ of Interest |
MYFT: MYFT shsowed some weakness this week but I see no reasons
to panic sell. Friday did show some firming up with buyers coming in at trhe
close. I am looking for a possible 100%+ return from current close. Close .072
VSPC: I continue to like Viaspace. VSPC stck is struggling but not enough to be
concerned. It's actually a great entry under .015 for a move to .019ish. Long
term this company has potential. You will notice me following VSPC over the next
few months. Close .016
LEHMQ: High Risk: LEHMQ is showing a little firming. Close $0.07
WAMUQ: WAMUQ had news of delays so the stck is slowly correcting. This
correction could be a long slow move back to the .115ish range. I am watching
not a buyer. Close .1668
(Full Disclaimer Applies)
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Earnings Season Has Officially Started |
| | Earnings Calendar Starting July 12,
2010
http://biz.yahoo.com/research/earncal/20100712.html |
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|  | (SIRI)
Close $1.03
"SIRI is looking very attractive at this time. SIRI should be accumulated
under .95. SIRI should make a nice move as we move towards second quarter
earnings and hype movement comes into play."
(SIRI) Sirius XM Radio Inc. provides satellite radio services in the
United States and Canada. The company offers a programming lineup of
117 channels to subscribers, which include 63 channels of
commercial-free music and 54 channels of sports, news, talk,
entertainment, and traffic and weather. It also provides music
channels that offer music genres, ranging from rock, pop and hip-hop
to country, dance, jazz, Latin, and classical; channels of sports;
talk and entertainment channels; comedy channels; and religious
channels. As of December 31, 2008, Sirius XM Radio had 19,003,856
subscribers.
Web Site: http://www.siriusradio.com
News Link: http://finance.yahoo.com/q?s=SIRI
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(ETFC)
Close $14.47
"ETFC is showing firmness this week suggesting another leg higher
is coming. A 13 DMA upward cross through the 50 DMA will be positive for the
stck direction."
(ETFC) ETRADE Financial Corporation, through its subsidiaries,
provides online brokerage and related products and services primarily
to individual retail investors, under the brand name of ETRADE
Financial worldwide. It offers various brokerage products and
services, including automated order placement and execution of the
U.S. and international equities, currencies, futures, options,
exchange-traded funds, mutual funds, and bonds. The company also
provides quick transfer, wireless account access, extended hours
trading, quotes, research, and advanced planning tools. Its banking
products and services include checking, savings, sweep, money market,
and certificates of deposit products. ETRADE Financial primarily
provides its services through its Web site at etrade.com, as well as
through its network of customer service representatives, relationship
managers, and investment advisors. The company was founded in 1982 and
is based in New York, New York.
Web Site: http://www.etrade.com
News Link: http://finance.yahoo.com/q?s=etfc
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(S)
Close $4.57
"S made a nice move this week just to give it
back Friday. This presents another entry opportunity. S should be followed."
Sprint Nextel Corporation offers wireless and
wireline communications products and services to consumers, businesses, and
government users in the United States, Puerto Rico, and the U.S. Virgin
Islands. Its Wireless segment provides wireless mobile voice and data
transmission services on networks that utilize CDMA and iDEN technologies, as
well as offers fourth generation wireless services. Its wireless data
communications services comprise Internet access and messaging, email
services, wireless photo and video offerings, and mobile entertainment
applications, as well as asset and fleet management, dispatch services, and
navigation tools; and wireless voice communications services include basic
local and long distance wireless voice services, voicemail, call waiting,
three way calling, caller identification, directory assistance, call
forwarding, speakerphone, and push-to-talk services, as well as roaming
services.
Web Site: http://www.sprint.com
News Link: http://finance.yahoo.com/q?s=s
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(CROX)
Close $12.99
"CROX chart has firmed up continuing the upward climb. The stck is
currently trading at a top so short term direction could be a slight
correction or a major breakout into the teens."
Web Site: http://www.crocs.com
News Link: http://finance.yahoo.com/q?s=CROX
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(AMD)
Close $7.51
"AMD was a little wobbly this week. AMD is trying to start a sideways snaking pattern. This pattern
eventually breaks out one way or the other. AMD
could turn into to a good earnings play."
(AMD) Advanced Micro Devices, Inc., a semiconductor company, provides
processing solutions for the computing, graphics, and consumer
electronics markets in the United States, Canada, Europe, and Asia. It
offers microprocessor products, including servers and workstation
microprocessors, notebook microprocessors, and desktop
microprocessors; embedded processor products; chipset products,
including IGP and discrete chipsets; and graphics products, such as 3D
graphics, and video and multimedia products for use in desktop and
notebook personal computers (PCs), including home media PCs,
professional workstations, and servers, as well as technology for game
consoles.
Web Site: http://www.amd.com
News Link: http://finance.yahoo.com/q?s=amd
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(F)
Close $12.79
"I like F. F should make a little correction presenting entry
opportunities. No reason to desert F at this time so it's a nice core hold
for a portfolio. I wrote this last week, "F has a reversal upward at this time. This week was a
breakout week for the stock."
Ford Motor Company designs, develops, manufactures, and services
cars and trucks worldwide. It operates in two sectors, Automotive and
Financial Services. The Automotive sector sells vehicles under Ford,
Mercury, Lincoln, and Volvo brand names. This sector markets cars,
trucks, and parts through retail dealers in North America, and through
distributors and dealers outside of North America. It also sells cars
and trucks to dealers for sale to fleet customers, including daily
rental car companies, commercial fleet customers, leasing companies,
and governments.
Web Site: http://www.ford.com
News Link: http://finance.yahoo.com/q?s=f
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(CMCSA)
Close $19.47
"CMCSA's merger with NBC is being delayed into 2011. This is
turning into a great rolling play Previous comment, ".It does have
a nice looking chart. The chart does suggest a sideway rolling
pattern is in play."
Comcast Corporation, together with its subsidiaries, provides
consumer entertainment, information, and communication products and
services to the residential and commercial customers in the United
States. The company operates in two segments, Cable and Programming.
The Cable segment manages and operates cable systems, including video,
high-speed Internet, and phone services, as well as regional sports
and news networks. Its video services include analog, digital, on
demand, and high-definition television and/or digital video recorders.
Website: http://www.comcast.com
News Link: http://finance.yahoo.com/q?s=CMCSA
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(C)
Close $4.10
"The .GOV is selling and the price was allowed to move higher. I like
C! C should move back over $5
in the next 18 months."
(C) Citigroup Inc., a global financial services company, provides
consumers, corporations, governments, and institutions with a range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage, and
wealth management. The company has two primary segments, Citicorp and
Citi Holdings. The Citicorp segment operates as a global bank for
businesses and consumers with two primary businesses, Institutional
Clients Group and Regional Consumer Banks.
Web Site: http://www.citigroup.com
News Link: http://finance.yahoo.com/q?s=c
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(JAZZ)
Close $8.84
"JAZZ is holding firm moving in a sideways pattern. A break up or down
is coming. It looks like a breakout higher would be the call."
(JAZZ) Jazz Pharmaceuticals - integrating innovative products with
valuable programs and resources to benefit patients in neurology and
psychiatry. We are a specialty pharmaceutical company that identifies,
develops and commercializes innovative products to satisfy unmet
medical needs in neurology and psychiatry.
Our unwavering commitment to improving patient care is demonstrated
every day through unique patient and physician programs and our
ongoing collaboration with patients, physicians and advocacy groups.
Building collaborative relationships that foster innovation is the
key to our success.
Web Site: http://www.jazzpharmaceuticals.com
News Link: http://finance.yahoo.com/q?s=JAZZ
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(VCLK)
Close $10.95
"VCLK is another stock listed at First Alert Stocks. I have followed
VCLK as a possible buyout company. Trades slightly under $10 to about
$11. This range has been constant for the last year. Some big company
is going to gobble up Value Click in my opinion."
ValueClick, Inc. provides online advertising campaigns and programs
for advertisers and advertising agency customers in the United States
and Europe. It operates in four segments: Media, Affiliate Marketing,
Comparison Shopping, and Technology. The Media segment provides a
range of online media solutions in the categories of display/Web
advertising, lead generation marketing, email marketing, search
marketing, comparison shopping, and promotional and industry-focused
online content to advertisers and advertising agencies. It also sells
consumer products directly to end-user consumers through its own
e-commerce Web sites.
Web Site: http://www.valueclick.com
News Link: http://finance.yahoo.com/q?s=vclk
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