Investors411 - Latest Comments

Re: From Berlin

Chris — Wed, 16 May 2012 11:19:48 -0000

I see our YSL is holding up better than the S&P again. I think what's happening in Europe is still leading US stocks. So I'm still worried.

Chris

Re: From Berlin

Paul R — Wed, 16 May 2012 09:20:05 -0000

Breaking News - Industrial production numbers just out, up 2% vs expected up 1%. Looks like a pop at the open, let's see how it holds during the day. Have fun folks!

Re: From Berlin

Paul R — Wed, 16 May 2012 09:07:51 -0000

For reference, attached chart shows the index of Your Stock List May 2012.

Re: From Berlin

Paul R — Wed, 16 May 2012 08:41:31 -0000

Paul's Corner Extra Part 2 - Attached is the current chart of the leaders index and it shows the degrading of the index since 10 days ago when the weekly RS indicator turned red.

You say it's only 28 stocks, big deal? Well the profit is being removed from the best of the best, do you think the rest of the market is going to hold up?

The "only" thing at the moment besides a Eurozone solution is Facebook's IPO Friday that will most likely boost the market. Will it turn the market up and end this correction?

You can follow and learn from Ian Woodward by reading is blog. http://www.highgrowthstock.com...

Re: From Berlin

Paul R — Wed, 16 May 2012 08:35:46 -0000

Paul’s Corner Extra - May16 It is looking pretty scary, yesterday the NASDAQ broke support at 2900, along with the S&P 500 and the Russell 2000 has been in correction for some time. So is the party over?

One of the best ways Ian Woodward (HGSI) found to track the market and to determine if the party was about to come to an end is to create and follow what is known as the Leaders Index. Ian found if you take a group of stocks that are leaders and fat with profit, the actions of these leaders will usually tell you when the party was in trouble and about to end. The current leaders index consists of the following stocks:

AAP, ALXN, AAPL, ACAT, BAC, CELG, CMG, CMCSK, EC, FAST, FL, INVN, LULU, M, NUS, PIR, PCLN, RT N, ROST, STX, SHW, TCBI, ABCO, ULTA, V, GWW, DIS, WXS

Using HGSI software, you can take a list of stocks like these and create a group and then plot and index of these stocks. The action of the index of these 28 stocks gives you a very good look at the market. The attached chart of the Leaders Index from 10 days ago shows the market was in trouble. As we know the market had been basing for several weeks but the change of the upper indicator from green to red gave us a firm warning shot. This indicator is a weekly indicator and it shows RS (Relative Strength) change of the index.

Review this chart and the current chart will be posted in the next post.

Re: From Berlin

Paul R — Tue, 15 May 2012 18:59:20 -0000

1st full 2 weeks of Your Stock List May 2012 results are in the attached chart.

Re: From Berlin

Paul R — Tue, 15 May 2012 16:14:49 -0000

General Motors announced today they will no longer advertise on Facebook because it's not effective. Could be most FB users don't have drivers licenses yet.

JCP down 10% after the close on it's earnings report and discontinuing the 0.20 dividend. I hope management does NOT lower the quality of the clothes in Penny's stores to increase profits.

Re: From Berlin

Paul R — Tue, 15 May 2012 15:45:05 -0000

The Naz broke 2900 late this afternoon. Breaking news 700 Million Euro's have recently left the Greek banking system. Euro down 0.016 today.

I was joking with a friend hours ago that the Naz will close today @ 2896.25, I may just be right.

Re: From Berlin

Paul R — Tue, 15 May 2012 14:02:58 -0000

Sure no problem!

Re: From Berlin

:)D — Tue, 15 May 2012 13:33:52 -0000

Paul - No rich spouse. I expect YOU, JS, Jim, Chris, Critic and especially Barr to cover all losses.

:)D

Re: From Berlin

Paul R — Tue, 15 May 2012 11:40:08 -0000

:)D I'll add, in a sideways choppy market, unless you have unlimited funds or a rich spouse, it is foolish to play in the market.

Re: From Berlin

Paul R — Tue, 15 May 2012 11:18:12 -0000

:)D True! Take for example CMG, Back on Feb 1 CMG had a one day dip on it's earnings report and turned right around. The market was super strong. It reported 4/23 with a similar report and down it goes, the market was stalled and profit was taken. You need a good strong market to buy a minor dip in a stock.

Re: From Berlin

Paul R — Tue, 15 May 2012 11:13:25 -0000

The dollar turned up at 10:23 AM and the market turned down!

Re: From Berlin

:)D — Tue, 15 May 2012 10:50:59 -0000

So we're not into buy the dip when things are bearish. More sell into rallies.

:)D

Re: From Berlin

Paul R — Tue, 15 May 2012 10:15:34 -0000

The Home Depot (NYSE: HD) is trading lower following its Q1 earnings announcement. The company reported an EPS of $0.65 vs $0.65 estimates and revenues of $17.8 billion vs $17.93 billion estimates. Home Depot also guided full year EPS $2.90 vs $2.91 estimates.

Is this a good buy the dip for HD? In a few days the chart will tell you.

Re: From Berlin

Paul R — Tue, 15 May 2012 10:09:31 -0000

Reviewing the charts this morning. The break away gap for MNST last week looks like it was a selling climax after a long run. Break away gaps after a nice long sideways basing period, like MNST had back on Jan 17 are usually safe to chase. Chasing gaps like we had last week after a nice run can be harmful to your grand kids inheritance.

Re: From Berlin

Ewanapat — Tue, 15 May 2012 09:26:23 -0000

From Berlin.

"Europe had better than expected GDP for last quarter. A bit above zero. So officially there is no recession (two quarters of negative GDP) That news plus our "MO" at -64 (somewhat oversold) should help stocks today and in the short term

However there are storm clouds that have turned 411's Long Term Outlook CAUTIOUSLY BEARISH. The Spanish bond yield broke its resistance level at a bit over 6% and is rising. At 6.25% now. The next major resistance is 7.00% and the danger zone where default becomes far more likely.

The JPM 12 to 13% fall in two days adds to this, because it reminds everyone just how vulnerable banks (holders of toxic derivatives on debt) are to a collapse in Spain. Since the derivatives market is opaque and US banks do NOT have mark to market accounting it is impossible to know exactly how much over leveraged debt is in JPM or the system.

Until the yield rate on Spanish bonds stabilizes or falls, the outlook remains CAUTIOUSLY BEARISH"

Barr

PS - Thanks to EW for letting me use his link to 411. Mine seems to have a problem.

Re: From Berlin

Paul R — Tue, 15 May 2012 08:46:26 -0000

Ron Brown (HGSI) produces a great morning report available by subscription.

Today's market is standing on the edge, will it fall off or take off? Here are Ron's Browns comments for today giving us what to watch for.

Yesterday the NASDAQ tested the 2900 support level, and held, but barely.

The markets are oversold in the short term, and normally would bounce with a high VIX and with money flowing into bonds. Stock futures are indicating that we will get that early morning bounce, but the question is whether or not it can be sustained.

Yesterday the NASDAQ gapped down, rallied, but could not hold onto its gains, and closed near its low for the day below short term resistance. Volume was light, but internals were negative and the new 52 week lows are gaining in numbers and were over 2 to 1 compared to the 52 week highs. These are NASDAQ figures based on common stock.

The intra-day rally and selloff has become the pattern for the last 3 days. If the early morning rally fails today, the NASDAQ will almost certainly close below 2900 which would be a breach of major support.

Oil was weak yesterday, and the oil futures are flat today. Gold and silver are also flat, and bonds have pulled back slightly. The dollar index has pulled back from its overnight highs.

It looks like the Bulls are going to try to take the initiative at the open, but if supply is too great, we may see the familiar pattern of sellers unloading into the rally. There is a lot of Facebook IPO hype which is helping prop up the market. I don't understand their revenue generation model since most users never click on the ads which generate Facebook's revenue. http://www.cnbc.com/id/4741341...

The above is reprinted by permission of Ron Brown. Since his report is copyrighted I normally don't post his comments except for an excerpt or two, due to the condition of the market you are getting a bit more. In addition to his comments Ron produces about 15+ market charts daily for your evaluation.

For subscription, Ron's One Note web Site Info http://hgsinvestor.com/

Re: From Berlin

Paul R — Mon, 14 May 2012 17:34:27 -0000

Chris, if you notice the volume in the attached chart below, volume was actually soft. We need a big volume down day and a low to even consider a "bottom", so it appears we ain't done with this down draft yet.

Re: From Berlin

Chris — Mon, 14 May 2012 17:30:33 -0000

All -I cashed in some chips today. The NAZ did close at 2902, but its too close to the edge of a cliff.

Chris

Re: From Berlin

Paul R — Mon, 14 May 2012 17:25:57 -0000

JIM, attached image of the NASDAQ, showing support line, 13 day Force index negative for sometime and below the middle of the Bollinger Bands

Re: From Berlin

Jim J — Mon, 14 May 2012 17:09:52 -0000

PAUL - The Spanish bond yield rate closed at at 6.23%. NASDQ below 2900. Plus JPM down another 3%. I agree, its is time to "run for the hills."

Jim J

Re: From Berlin

Paul R — Mon, 14 May 2012 16:37:38 -0000

I'm watching the video from last months HGSI news letter. Ian
reminds us that 2900 has been resistance for 12 years so it is pretty
decent support. He suggests if we break 2900 run for the hills.

Re: From Berlin

Paul R — Mon, 14 May 2012 15:52:24 -0000

Barr, Ireland is in sorry shape due to austerity. Looks like the Naz is gonna close below 2900. Folks this has become a dangerous market.

AAPL support 550 if we break that next support about 534.

Naz closed on support at 2902. The S&P 500 closed on support @ 1340.

Again this ain't a market to play in!

Re: A Double Whammy

JS — Mon, 14 May 2012 14:22:22 -0000

Interesting article to read about high tax states from "Seeking Alpha":

http://seekingalpha.com/articl...