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Weekly Market Review Enjoy Your Holiday Weekend
I want to welcome you to my free "First Alert" Weekly and Mid Week Review newsletter service. This is a premium service that is free to all subscribers/investors. I send out a Daily Market Recap, Mid Day Reports and Weekly Market Recap under "First Alert" to all my website subscribers. 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. All paid ads are clearly marked. 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 economy is moving along at a slow pace but it's moving forward. The week was a typical before Labor Day allowing a move higher at end of August into first few days of September. Next week will be key to market direction in September. Some don't believe the September Blues will materialize this year because the economy is actually in a slow recovery period creating a positive trickle down effect giving the markets stability. The markets just came off an oversold condition and still remain oversold but because of the September Blues, September is a long way from over, I will remain Neutral. I would like to see this rally continue through September reversing normal market cycle from downward September Blues to a September on expectations of good earning reports in Roctober. If this took place the rest of 2010, first Q of 2011 we could see INDI 11,500 tested.
Short Term Neutral
Thank you,
Harold
Last Week Comments
If you were watching the markets during trading hours this week you had a wild ride up and then down down under 10,000 then bang and the INDU only lost 62 points for the week. On top of that the Nasdaq was actually green for the second week in a row. I am not trying to convince anyone the closes were bullish but they do suggest buyers are watching and shorts are edgy enough to start covering while stocks are beaten down. Next week is pre holiday week so it tends to be quiet with no real action unless some unknown catalyst appears sending it in way way or the other.
Is the economy slowing as much as many commentators suggest? It's Summer and usually not a robust time of year while families were taking vacations. We were fortunate enough to have a Summer Time rally but when it ended bang the markets were down. The only warning my readers had was the September Blues suggests when earning reports slow the markets correct out of the Summer Time Rally into the September Blues. I am not so bearish about the economy enough to keep me from added a real estate investment trust. You'll find it below.
Please don't be reactive with your portfolio be proactive looking ahead adjusting to patterns that take place year after year in the investment arena. Do a search on a book entitled The Delta Phenomena, By Wells Wilder and read about the book. Check out the Delta Society while you are at it. The Delta Phenomena was one of my first books introducing me to cycles in the markets. Was worth the $100.00, 10 years ago, now it's $175.00 but worth every penny.
I hope new readers/investors enjoy reading my newsletter. More then enjoy reading, I hope you find a gold nugget in this newsletter. Never forget Wall Street can be friend or foe just try to learn as much as you can and have patience in your trades. Always look ahead to determine possible market direction. Read my TAs below, I am fairly accurate but normally ahead of the move.
Typical Trader Feelings
FEAR = Panic Gut Pains
Greed = Euphoric Expectations
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Major Percentage Mover Developing |
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WOLV: Wolverine Could Be A Major Copper play when they start reporting assay results. The last dip buyers stepped in buying shares increasing volume plus giving us a apx.70% move. Personally I am not looking for 70% but a 700%+ Return on news as the results are released to the mining sector in Canada. L2 SJLS is an Institutional buyer working the stck. They actively stepped up their buying the day after the K was released. Sellers that day at .095 had belly pains watching SJLS and other begin their buying moving the price back to .15 in two days. If I am right about what is coming once news is out they will goose this stck all the way to a dollar plus. Core samples should start arriving soon to assay office if they haven't already. This is an exciting time quickly approaching. I don't believe this company has spent the last four years doing a step by step exploration for the claims they have in Labrador. WOLV is worth doing serious DD. If a potential shareholder waits until assay results you could be buying a serious gap to the upside in my opinion. Close .15 For further research ~ http://www.wolverineexplorationinc.com |
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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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Despite hiring, US unemployment rate seems frozen- AP Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
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| Source Yahoo Finance |
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INDU (DOW Jones) |
| INDU |
+ 297.28
Week Close 10,447.93
The INDU rallied off it's oversold condition after a slight dip under 10,000 Monday. The INDU closed @ 10,447.93 gaining +297.26 for the week. The MACD is attempting to cross turning upward. The Stochastic is coming up starting to get slightly overbought but has a long way to go higher. If the INDU doesn't go through 10,650 on this upward move then the chart would show a lower top which would suggest lower 10,000 range would get tested again in September. I am suggesting a rolling INDU is starting to show and this move higher should be shallow unless a break through 10,650 occurs. The Indicators and Chart suggests a choppy INDU short term.
Last Week Close 10,150.65
The INDU faired well this week rallying into the close Friday closing @ 10,150.65 only losing 62.97 points. I considered the close Friday as a shallow market move upward, looking like a possible head fake when I look at the Indicators and Chart. The MACD (lagging indicator) still has a sell signal triggered and is pointing lower. The Stochastic is oversold laying limp not knowing what to do, up or down? The Stochastic is oversold bottom line. The recent 13 DMA cross down through the 50 DMA continues pointing to lower lows ahead. Looking back to the top in April then look at the top the first of August could suggest the INDU could bounce short term, next week, then continue lower. Next month, September Blues, down or up but it doesn't look good, 9700 to 9800 could be tested. The INDU needs to turn higher off this 10,000 level or it's going much lower in September.
STAY ALERT AND PROTECT YOUR WEALTH
| Close: 10,447.93 |
| + 127.83 |
| Daily INDU Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Dow Jones Industrials |
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COMPX (Nasdaq) |
| Nasdaq |
+ 80.12
Week Close 2,233.75
The last three weeks the Nasdaq has managed to close green but this week the Nasdaq solid @ 2,233.75 gaining +80.12. My concern is two gaps that the Nasdaq recently put in. A traders rule is the gap needs to be filled, sooner or later but it needs to be filled. The MACD and Stochastic mirror the INDU. Next week is going to be a key week that could indicate the type of Nasdaq that lies ahead.
Last Week Close 2,153.63
The Nasdaq managed to close green after Friday's move +34.94 points. The Nasdaq closed @ 2,153.63 gaining 26.13 points for the week. Not a bad close but the gain was all done in one day suggesting a shallow bounce taking place. The Nasdaq does have life at current levels but needs follow-through into September or the Nasdaq could test 2000 in September/early October before Roctober earnings reports start kicking in mid October. MACD sell signal still solid, Stochastic is weak/oversold, entire chart is pointed lower short term
| Close: 2,233.75 |
| + 33.74 |
| Daily Nasdaq Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Nasdaq Composite |
| MACD | |||
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Russell 2000 |
| Russell 2000 |
+ 26.60
Week Close 643.36
The Russell had a strong week closing @ 643.36 gaining +26.60. The Russell does have gap on the chart with a MACD cross higher about to take place. The Stochastic is starting to look overbought without support. The Russell could easily correct testing 600 support if the major markets correct during September Blues. Next week is important to establish possible Russell direction for the rest of September.
Last Week Close 616.76
The Russell had some life this week closing @ 616.76 gaining 5.98 points for the week. Friday's 17 point gain lipped the MACD and the Stochastic, interesting but not interesting enough for me to be bullish on this Indices. Be careful with the Russell going into next month. Remember the Russell did close under 600 during the week and in one day it's back under 600.
| Close 643.36 |
| + 11.10 |
| Daily Russell Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
| Russell 2000 |
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Currency Corner |
Currency Pair Price Change %Change Day Range 52 Week Range
EUR/USD 1.2897 +0.0071 +0.5536% 1.2809 - 1.2898 1.1876 - 1.5144
USD/JPY 84.2950 -0.0100 -0.0119% 84.1750 - 85.1850 83.5950 - 94.9850
GBP/USD 1.5453 +0.0059 +0.3833% 1.5391 - 1.5468 1.4227 - 1.6878
AUD/USD 0.9161 +0.0058 +0.6426% 0.9067 - 0.9176 0.8066 - 0.9406
USD/CAD 1.0395 -0.0148 -1.4038% 1.0389 - 1.0569 0.9930 - 1.1076
USD/CHF 1.0164 +0.0032 +0.3159% 1.0121 - 1.0239 0.9910 - 1.1732
| Currency News & Commentary |
| Source Yahoo Finance |
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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™ Weekly Featured Company Gold American Mining Corp |
| paid ad |
Recent News
RENO, NV--(Marketwire - 08/30/10) - Gold American Mining Corp. (OTC.BB:SILA - News) ("Gold American" and/or "the Company") is pleased to announce that it has received the final ground geophysics report on its Guadalupe property and confirms that the recently concluded geophysics program has identified multiple potentially significant geophysical anomalies.
Gold American Mining Corp. (OTCBB: SILA)
Gold American Mining Corp. is a gold exploration
company focused on the aggressive, ongoing acquisition and
exploration of holdings with rich precious metals production
potential.
Based in Reno, Nevada, Gold American has already
developed a promising portfolio of international properties in
regions marked by stable politics, sound economies and friendly
business relations.
Web Site: www.gold-american.com
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First Alert Stocks™ of Interest |
MYFT: MYFT has the big buyer back accumulating shares being sold. It looks like .04/.045ish is support. I continue holding MYFT and at current level it's a good level to average down a little since we were recently buying .085-.11. Close .046
VSPC: I continue to like Viaspace. VSPC a great entry under .015 for a move to .019ish. Long term this company has potential. Close .015
QPSA: QPSA is trying to find support. I like this company. It's a Latino Style Facebook/Twitter. It was brought to me at $1.55 and it hit $5.50. The interest is out there just a stagnate market for this company to see it's price make a huge move. Close $3.95
LBSR: LBSR made it's correction but not until it ran into the high teens. i would like to see a sideways pattern start. Close .117
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 .059
WAMUQ: WAMUQ made a nice move this week closing over .20. It needs to
hold .20 as support or it will slide back to the .18 range. Close .213
(Full Disclaimer Applies)
| Earnings Calendar | ||
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(SIRI) Close $1.00 "SIRI continues to have my interest. SIRI made a nice dip right at .95 then moved higher. My previous feeling remains, "SIRI should be accumulated under .95". or closer to .90 if it drops that far. It just might in September if the markets correct like they normally do." (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) No changes
"ETFC came off the 12s real hard closing over $14 once again.
Pre-split this is $1.40 cents and when the split took place the price was
upwards of $16.00-$17.50 so even $14.00 is a bargain but in the 12s is a real
bargain. Get used to tracking ETFC it's a money maker to trade."
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 (S) Close $4.33 No changes "S firmed up this week showing where support lies. Support is in the high $3.80s. Start following the stck before you jump right in but this is a 10% profitable trader at the low side." 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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 (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. Follow the stck before you just jump right in." 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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(CROX)
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(AMD)
No changes
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 (F) Close $12.08 "F has finally firmed up for those that are looking at owning a premier car company. Support apx. $10.00. No reason to desert F at this time. F is a nice core hold for a portfolio." 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)
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(C)
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(JAZZ) "JAZZ has came back nicely since the mundane FDA response two weeks ago. JAZZ has been a favortie for at least 18 months since about $3.00. JAZZ is a good rolling trade."
"JAZZ found support this week making a bounce into Friday's close. This
company will continue to work with the FDA so their future is neutrally
optimistic therefore the stck is trying to stabilize."
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 (VCLK) Close $11.80 "I have followed VCLK as a possible buyout company. Trades slightly under $10 to about
$12. 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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Disclaimer |
PLEASE NOTE: The LLC Companies and/or its affiliates are not registered as
Investment Advisors in any jurisdiction whatsoever.
Release of Liability: Through use of the LLC Company email newsletters and
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and/or its affiliates may from time to time have positions in the securities
mentioned herein, may increase or decrease such positions without notice, and
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Please read our full disclaimer at
http://www.willysfirstalertstocks.net
The Publisher has been compensated five thousand dollars by Winning Media for 1 week (8/30-9/5) services to publicly and electronically disseminate information pertaining to SILA.
The Editor does reserve the right to buy, sell or trade shares in the
mentioned stocks. I am currently holding WOLV (682,280 shrs), LEHMQ (435,000
shrs). The Editor does reserve the right to buy, sell or trade shares in all
mentioned stocks without notice.
(Not Paid MYFT) The Publisher was previously compensated thirty one thousand
two hundred fifty #144 ANYT shares in January 2010 and two hundred fifty
thousand #144 ANYT shares in 2009 for services to publicly and electronically
disseminate information pertaining to ANYT. 2009 shares are off
restriction, 65,000 held. Shares purchased 385,000 shrs. The Publisher did
recently receive a 50,000 share donation towards medical bills. Total 500,000 MYFT shares held at this time. The
Editor does reserve the right to buy, hold or sell MYFT shares without notice.
(Not Paid VSPC) The Publisher was previously compensated seven hundred fifty
thousand and three hundred thirty five thousand #144 VSPC shares in 2009 for
services to publicly and electronically disseminate information pertaining to
VSPC. (shares owned three hundred thirty five thousand #144 VSPC shares) The
Editor does reserve the right to buy, hold or sell VSPC shares without notice.
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