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
The Week
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
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."
News Headlines
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.
Regulators close banks in Fla., Ga., Ore., Wash. – AP
TransCanada: `Multiple bids` for Alaska gas line – AP
Wealthy Dallas brothers become SEC fraud target – AP
Stocks end July with big gain; Dow gains 7.1 pct – AP
Delta fined $38M for Northwest cargo price-fixing – AP
Chrysler to add 900 jobs to midsize-car plant – AP
Chevron 2Q income triples on higher energy prices – AP
Disney selling Miramax to investors for $660M – AP
Slowing economic rebound raises unemployment fears – AP
Source Yahoo Finance
INDU (DOW Jones) INDU
+ 41.32
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.
he 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
Close: 10,465.94
- 1.22 Daily INDU Chart (Live Daily Updating Chart) Source Clearstation.com Dow Jones Industrials
MACD
STOCHASTIC
EMA 13 EMA 50
COMPX (Nasdaq)
Nasdaq
- 14.77
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.
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.
Close: 2,254.70 + 3.01 Daily Nasdaq Chart (Live Daily Updating Chart) Source Clearstation.com Nasdaq Composite
MACD
STOCHASTIC
EMA 13 EMA 50
Russell 2000
Russell 2000
- .24
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.
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.
Close 650.89
+ 0.46 Daily Russell Chart (Live Daily Updating Chart) Source Clearstation.com Russell 2000
MACD
STOCHASTIC
EMA 13 EMA 50
Currency Corner
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
New Zealand Dollar Vulnerable as Rate Expectations Falter DailyFX – 7:24 pm EDT
Australian Dollar Rally Could Falter As RBA Holds Interest Rate Steady DailyFX – 7:23 pm EDT
Canadian Dollar May Falter On Weakening Global Picture DailyFX – 7:21 pm EDT
Japanese Yen May Strengthen as Traders Seek Safety DailyFX – 7:16 pm EDT
Euro To Face Headwinds As ECB Likely To Keep Exit Strategy On Hold DailyFX – 7:13 pm EDT
US Dollar Could Be Dragged Lower On Rising Unemployment DailyFX – 7:05 pm EDT
British Pound Volatility Ahead on Bank of England Rate Decision DailyFX – 7:04 pm EDT
Dollar Ends Flat As Strong Manufacturing and Consumer Sentiment Data Offset Slower Pace of Growth DailyFX – 6:07 pm EDT
FX Technical Weekly 07-30 DailyFX – 5:05 pm EDT
Global High Income Fund Inc. Announces Election of New Director by Board, Change to Waivers Further Reducing Advisory Fees and Availability of Commentary for the Month of June Business Wire – 5:05 pm EDT
More News & Commentary
Source Yahoo Finance
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."
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
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)
Earnings Season Has Officially Started Earnings Calendar Starting July 12, 2010
http://biz.yahoo.com/research/earncal/20100712.html
( 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/qs=SIRI
(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/qs=etfc
(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/qs=s
(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/qs=CROX
(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/qs=amd
(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/qs=f
(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/qs=CMCSA
(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/qs=c
(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/qs=JAZZ
(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/qs=vclk
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Please read our full disclaimer at http://www.willysfirstalertstocks.net The Editor does reserve the right to buy, sell or trade shares in the mentioned stocks. I am currently holding WOLV (280,000shrs), 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. Total 450,000 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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ANYT · CMCSA · COMPX · CROX · ETFC · INDU · JAZZ · LEHMQ · MYFT · VCLK · VSPC · WAMUQ · WOLV
