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Vet67to82
Vet67to82
P&P Score: 0.31   Points: -600.83   Accuracy: 67.95%   Average Pick Score: -4.55   Annual Return: 16.14% (40.33% since 11/25/09)  

Vet67to82's Blog : Thursday, 9/2/2010 OurCall for the Close

Date September 2, 2010    Comments Comments (5)    Recommended (80)   
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Well, we had a great day yesterday ... and the numbers say the run isn't over. Mergers are still the hotest ignored "valuation" positive for the USA and global markets. Burger King is rumored to be going for 20% above its' Friday close to a Brizilian investment group.

The market doesn't get it, the banks and bonds are paying next to ZERO and corporations are sitting on huge "investable" cash piles ... we're just seeing the tip of the iceberg ... lots of companies are going to disappear from the pool of tradable market stocks. Hmmmm, market cash chasing stocks in a shrinking pool ... That implies prices are going up
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Author Vet67to82     Date September 2, 2010 00:58 Abuse this post Report Abuse
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Yesterday's tallies ...

Dow Jones 10,269.47 +254.75 (2.54%)
S&P 500 1,080.29 +30.96 (2.95%)
Nasdaq 2,176.84 +62.81 (2.97%)

Sector summary
Sector Change % down / up
Basic Materials +2.96% ........... ***6
Capital Goods +4.08% ........... ***1
Conglomerates +3.64% .......... ***2
Cons. Cyclical +2.76% .......... ***8
Cons. Non-Cyclical +1.91% .. ***12
Energy +3.54% .......... ***3
Financial +2.98% .......... ***5
Healthcare +2.12% ........ ***11
Services +2.57% ........... ***9
Technology +2.85% .......... ***7
Transportation +3.46% ........... ***4
Utilities +2.13% .......... ***10

Top 4 sectors
Capital Goods +4.08%
Conglomerates +3.64%
Energy +3.54%
Transportation +3.46%
Author Vet67to82     Date September 2, 2010 00:59 Abuse this post Report Abuse
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Yesterday's ranges ...

DJIA Range 10,016.01 - 10,279.08
52 week 9,252.93 - 11,258.01
Open 10,016.01
Vol / Avg. 205.66M/200.42M

S&P 500 Range 1,049.33 - 1,081.30
52 week 991.97 - 1,219.80
Open 1,049.72
Vol. 3.80B

NASDAQ Range 2,114.03 - 2,177.50
52 week 1,958.04 - 2,535.28
Open 2,142.75
Vol. 2.07B

FAS Range 18.52 - 19.90
52 week 17.05 - 39.74
Open 18.54
Vol / Avg. 50.46M/40.83M
Author Vet67to82     Date September 2, 2010 01:04  Edited: September 2, 2010 by Vet67to82 Abuse this post Report Abuse
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Media September 1, 2010, 11:08PM EST

Don't Rule Out Apple Ruling Your Living Room

The new Apple TV fits into Steve Jobs' entertainment vision By Peter Burrows

-- http://www.businessweek.com/magazine/content/10_37/b4194030216774.htm
Author Vet67to82     Date September 2, 2010 01:10 Abuse this post Report Abuse
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Stock markets up worldwide on China, U.S. news
Los Angeles Times

Wednesday, September 1, 2010

-- Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/09/01/BUUA1F7927.DTL#ixzz0yLUblA8p

Burger King Has Suitors From BrazilBy PETER LATTMAN and ANDREW ROSS SORKIN
Published: September 1, 2010

-- http://www.nytimes.com/2010/09/02/business/global/02burger.html?src=busln

Sept. 1, 2010, 10:22 p.m. EDT ยท Hong Kong up on bank, energy shares; Ping An gains

-- http://www.marketwatch.com/story/hong-kong-up-on-bank-energy-shares-ping-an-gains-2010-09-01
Author Vet67to82     Date September 2, 2010 13:12 Abuse this post Report Abuse
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OurCall for the close Thursday, 9/2/2010 ...( stage 1 projection ) ... be thee Bull or Bear ... or Neither

( 1) Direxion Daily Financial Bull 3x Shares
Wednesday, 9/1/2010 ... FAS Close $19.86 $1.96 10.95% -0.03
FAS .Bullish .... $20.52 ... == .or Bearish ... $19.08 ( watch the low!)
---- YTD 90 UP days vs 78 DOWN days ( 2 up days, Last 10 days: 4 up/6 dn )

( 2) Wednesday, 9/1/2010 ... DJIA Close 10,269.47 +254.75 (2.54%)
DJIA Bullish 10,342.43 (+0.71%) == or Bearish 10,176.46 (-0.91%)
---- YTD 93 UP days vs 75 DOWN days ( 2 up days, Last 10 days: 4 up/6 dn )

( 3) Wednesday, 9/1/2010 ... S&P 500 Close 1,080.29 +30.96 (2.95%)
S&P 500 Bullish 1,089.33 (+0.84%) == or Bearish 1,069.72 (-0.98%)
---- YTD 91 UP days vs 77 DOWN days ( 2 up days, Last 10 days: 4 up/6 dn )

( 4) Wednesday, 9/1/2010 ... NASDAQ Composite Close 2,176.84 +62.81 (2.97%)


** Note previous posts and the Bearishness, while still greater than that projected for the Bulls, is shifting more ofren

( 1) the S&P 500 Bearish percentage calculation declined from
-- (-1.03%) to (-1.01%) to (-1.00%) to (-0.99%) and now (-0.98%)

( 2) the DJIA Bearish percentage calculation declined from
-- (-0.98%) to (-0.97%) to (-0.96%) to (-0.95%) to (-0.94%) and now (-0.91%)

Even "if one is neither bullish nor bearish!!" ... you'll see a HIGH for the day and a LOW for the day. The above calculations represent a guideline, not a pitch for Bulls, or a pitch for Bears. Everyone is then free to watch day after day whether my posts represent an "honest" attempt to help ... and I hope I am helping.
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