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Daily Market Review
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. |
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The Week |
Investors,
The markets rallied today coming off a correction Tuesday. All Indices were up today as Obama claimed the U.S. can't afford tax cuts for wealthier Americans. Obamanomics is at work and he is the President setting long term policy for his time in office. Is Obamanomics going to turn this country around is another serious question but he believes his current policy direction.is the right policy for the times.
So far September Blues has alluded the normal markets allowing stability in the first trading week after a long September holiday weekend. The news headlines below suggest economists are further scaling back U.S. growth outlook. As long as the economy moves forward, even at a slower pace, the suffering we are currently going through will eventually heal. The healing will make a much stronger economy for long term growth.
Deflation? Prices of goods and services are coming down along with a continuation of lower housing prices. I understand the economy is slowly growing but the deflation is stating to seriously come into the economy. Ha ha they need to deflate wages of our elected government officials...how dare them give themselves a recent raise. To serve the people should be a sacrifice not to serve the people for the big bucks salaries etc..
Stay strong and protect your wealth.
September Blues Arrived???
Short Term Cautious
Thank you,
Harold
Yesterday Comment
My comment last Thursday was sell rallies and Friday the markets rallied but lost steam after the long holiday weekend closing down Tuesday after negative European banking concerns arose once again. This is one reason to hold cash over a long weekend. You never know what might take place around the globe or even in the U.S. that could create a negative market at the open. I have seen this happen many time over the years.
Our recovery is slowing but still moving ahead. The slow pace of the recovery will weight hard on the stock market. Winter season is coming and many will get laid off that are working summer seasonable type jobs whether they are the field work or the construction worker many jobs are seasonable. This isn't going to help employment reports over the next 2 quarters.
September Blues is a time of the year to be cautious but not lose your investment composure. It's all about buying lower then selling higher. September is a time of the year to look for bargains but don't get in a hurry to buy just watch and see how deep this correction might take the markets. Use the September Blues for a portfolio builder not a portfolio wrecker.
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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."
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News Headlines |
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Fed Report Shows Widespread Signs Growth Is Easing- Reuters The economy has shown "widespread signs" of slowing over recent weeks, the Federal Reserve said on Wednesday in a report suggesting the recovery was faltering along the East Coast and in the Midwest.
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| Source Yahoo Finance |
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INDU (DOW Jones) |
| INDU |
Last Week Close 10,447.93
The MACD break held today but the Stochastic is teetering overbought. It's im paritive the INDU follow through in the next couple trading days or a lower top will be pout in which is negative. The INDI sis starting to show a sideway pattern developing with current downside bias.
Yesterday
The INDU took a break today as it should have after the move last week. Currently Overbought Stochastic indicator. This week is key as the INDU 13 DMA needs to break through the 50 DMA. If this fails 10,000 should be tested again sometime in September.
STAY ALERT AND PROTECT YOUR WEALTH
| Close: 10,387.01 |
| + 46.32 |
| Daily INDU Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Dow Jones Industrials |
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COMPX (Nasdaq) |
| Nasdaq |
Last Week Close 2,233.75
My feelings yesterday remain today.
Yesterday
MACD cross is positive but this could be a head fake but the chart and indicators could move higher. The Stochastic is starting to reach an Overbought condition. In addition the 13 DMA looks toppy not even close to reaching the 50 DMA. The previous two gaps that need to be filled to the downside.
| Close: 2,228.87 |
| + 19.98 |
| Daily Nasdaq Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Nasdaq Composite |
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Russell 2000 |
| Russell 2000 |
Last Week Close 643.36
The indicators and chart don't look good short term. The MACD is rolling over and the Stochastic is following. Also the lower top suggests a correction short term.
Watch the Russell for bargains when it gets a pull-back in September. Russell stcks usually make a nice rally in Roctober. Watch this Indices in September for bargains.
| Close 634.25 |
| + 4.96 |
| Daily Russell Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Russell 2000 |
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Never Give Up |
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™ of Interest Wolverine Exploration Inc. |
| (not paid) |
WOLV: WOLV had news today and the old "buy on rumor sell on news traders came oput sat the open selling pushing the price back to .123. The news was bullish establishing and real mining investment is present for those that are not just looking to flip. Also to those flipping this stock go for it it's going to be a wild trading stock so when you flip buy weakness and sell strength...don't sell after news like those did today. You are know able to get on the right side of this trade so buy low for the investment or the trade. I AM 100% POSITIVE WOLV IS A HUGE PERCENTAGE WINNER COMING FOR US ALL. My target of .235 remains then .45ish onward to a dollar. Just think, all the selling today was bought by someone. Close .123
Wolverine Exploration Intersects Significant Mineralization at Cache Creek
For further research ~ http://www.wolverineexplorationinc.com
| (Full Disclaimer Applies) |
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First Alert Stocks™ of Interest |
QPSA: QPSA is firming up and looking stable once again. Those that have followed me know QPSA is a favorite of mine. QPSA is a Latino styled Facebook, growing at a good pace. Close $3.94
LBSR: LBSR making a correction. Watch for base but don't be in a hurry to jump in with both feet on this one, not just yet. Close .143
LEHMQ: (high risk bk play) Many know I follow LEHMQ and own it. From current close it's got a great percentage return possibility. Close .057
WAMUQ: Watch this one carefully for pullbacks. Close .186
| (Full Disclaimer Applies) |
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After Hours Trading Close Does Make The Close Listed Below Lower or Higher |
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Earnings Calender Link |
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| http://biz.yahoo.com/research/earncal/20100809.html | |
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(SIRI) Close $1.05 "SIRI is slightly over $1 looking for a direction. 'The trading pattern is tight suggesting a possible breakout higher is coming'. The .95 area seems like key support so accumulation for trading can start taking place at .95 for rolling bounces higher." (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)
"ETFC should be serious looked at on this correction. If
you like rolling trades ETFC should make a nice run before and after 3Q earning report. You can check
the date using the above link for earnings dates. I like ETFC and it
should find stability soon and move higher into 2011."
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 (S) Close $4.39 "S should make a move back over $4.50 in October, if not sooner." S is making a nice move showing traders on pullbacks this is a nice rolling trade. One day S will break out over $5.00." 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
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(CROX)
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 (CIM) Close $3.98 "I recently became aware of this real estate trust that has good possibilities and better then that has a nice rolling chart in this dicey real estate market. The chart is interesting trying to trend upward but previous chart is wild with many trades that were possible." Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States. It invests in agency and non-agency RMBS; whole mortgage loans comprising prime, jumbo prime, and Alt-A mortgage loans; and ABS, including debt and equity tranches of CDOs, consumer and non-consumer ABS, and commercial mortgage backed securities. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Investment Corporation was incorporated in 2007 and is based in New York, New York.
Web Site:
http://www.chimerareit.com
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(AMD)
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 (F) Close $11.83 "Watch F closely at this time could move either direction with the markets. F should be accumulated on all dips for long term in my opinion. My previous comment, 'F is a nice core hold for a portfolio' remains." Support $10.70. then $9.90. At $9.90 or lower F would be a great buy. F is a nice core hold for a portfolio. Looks good on all dips." 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
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(CMCSA)
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."
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(C)
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(JAZZ) Close $9.82 "JAZZ imade a nice comeback after the FDA comments last week. JAZZ could go back over $10.00 quickly. I have followed this stck since $3.00, glad to see it's still alive."
(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.
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 (VCLK) Close $11.52 "VCLK under $10.00 is a very attractive entry level. I
think investors are noticing the rolling pattern. 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."
Web Site:
http://www.valueclick.com
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