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Vet67to82
Vet67to82
P&P Score: 0.31   Points: -608.47   Accuracy: 68.73%   Average Pick Score: -4.50   Annual Return: 16.23% (40.60% since 11/25/09)  

Vet67to82's Blog : Thursday, 11/4/2010 OurCall for the Close

Date November 4, 2010    Comments Comments (9)    Rate this post Recommend This Post (149)   
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Here it comes ... the highly dreaded: "I told you so!"

In "Looking ahead, 10/11/2010 -10/15/2010 "
- ( http://www.peopleandpicks.com/blog/Vet67to82/3422473 )

... if you scroll down to the comment that starts out: "So why are corporate profits going higher?" and this ended that comment: "Combine the above with stock market alternatives like cash and bonds not being attractive means good odds for market to move higher. As long as this earnings season stays on track we should be retracing to the old highs of Dow 11,300 fairly soon. "

Smiling ... I told you so.

Seriously, the Doom and Gloomers keep harping on a handful of correctible issues, the key word being correctible, as the flawed rational for the markets dropping to ZERO. People, the problems ARE correctible, and DO NOT support, nor warrant the "Doomsday scenario" that has kept many investors from re-entering the markets, and they missed out on an oportunity to recover some of their losses, and potential gains, during this market's current rally due to a lack of confidence, indecision, and fear.

For the rest of the story, and OurCall for the Close, see the comments, replies, and links below.

Hope everyone is having a great day!
Tags : CSCO   COMP   DJIA   SPX   SPY   FAS   FAZ   DIA   A   AA   ALL   AXP   BA   BAC   C   CAT   CHK   CVS   CVX   DD   DIS   GE   HD   HES   HPQ   IBM   INTC   JCP   JNJ   JPM   KFT   KO   MCD   MMM   MRK   MSFT   PFE   PG   T   TRV   UTX   VZ   WMT   XOM   ING   GLD   SLV   PAAS   UXG   DHT   DRYS   EGLE   GASS   OSG   AAPL   ALKS   AMLN   GOOG   HOG   MCP   MEE   NCR  

9 Comment(s):

Author Vet67to82     Date November 4, 2010 13:25 Abuse this post Report Abuse
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Commodities Last Change %Change
Gold DEC-2010 1,379.10 +41.50 +3.10%
Silver DEC-2010 25.61 +1.17 +4.80%
Light Sweet Crude DEC-2010 86.28 +1.59 +1.88%
Author Vet67to82     Date November 4, 2010 13:27 Abuse this post Report Abuse
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Indices, sectors, industries, and companies to watch:

CSCO, COMP, DJIA, SPX, SPY, FAS, FAZ, DIA, A, AA, ALL, AXP, BA, BAC, C, CAT, CHK, CVS, CVX, DD, DIS, GE, HD, HES, HPQ, IBM, INTC, JCP, JNJ, JPM, KFT, KO, MCD, MMM, MRK, MSFT, PFE, PG, T, TRV, UTX, VZ, WMT, XOM, ING, GLD, SLV, PAAS, UXG, DHT, DRYS, EGLE, GASS, OSG, AAPL, ALKS, AMLN, GOOG, MCP, MEE

Adding .... HOG (+2.29% since 10/31/2010) and NCR

Approximately 11:56 AM ET
Dow Jones 11,397.99 +182.86 (1.63%)
S&P 500 1,215.13 +17.17 (1.43%)
Nasdaq 2,571.37 +31.10 (1.22%)

Sector Change % down / up
Basic Materials +3.04%
Capital Goods +2.43%
Conglomerates +2.04%
Cons. Cyclical +1.96%
Cons. Non-Cyclical +1.62%
Energy +2.30%
Financial +1.59%
Healthcare +0.43%
Services +1.33%
Technology +1.37%
Transportation +1.22%
Utilities +1.19%
Author Vet67to82     Date November 4, 2010 13:59 Abuse this post Report Abuse
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The market indices are well above the Stage1 projections but I will post them below anyway.

The FED's choice to do QE2 at $600 Billion was appropriate as Japan was adopting a wait and see before acting that could have ignited a currency war. PLUS, it leaves room for the FED to go to plan "B": QE3, if QE2 doesn't work.
Author Vet67to82     Date November 4, 2010 14:02 Abuse this post Report Abuse
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Around noon

DJIA 11,391.78 +176.65 (1.58%) Range 11,216.65 - 11,427.35
Open 11,216.65 Vol / Avg. 77.47M/200,425.00
52 week Range 9,614.32 - 11,427.35


S&P500 1,214.51 +16.55 (1.38%) Range 1,197.96 - 1,217.52
Open 1,198.34 Vol. 1.69B
52 week Range 1,010.91 - 1,219.80

NASDAQ 2,569.65 +29.38 (1.16%) Range 2,540.27 - 2,579.62
Open 2,569.27 Vol. 1.02B
52 week Range 2,053.00 - 2,579.62

Direxion Daily Finan. Bull 3X Shs (ETF, NYSE:FAS)
FAS $23.97 +0.99 (4.32%) Range $22.98 - 24.08
Open 23.58 Vol / Avg. 19.99M/33.17M
52 week $17.05 - 39.74
Author Vet67to82     Date November 4, 2010 14:04 Abuse this post Report Abuse
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DJIA Date Open High Low Close Volume
Nov 3, 2010 11184.88, 11226.64, 11097.37, 11215.13, 177579391
Nov 2, 2010 11,125.22 11,219.52 11,125.22 11,188.72 150,388,230
Nov 1, 2010 11,120.30 11,244.27 11,062.33 11,124.62 150,126,990
Oct 29, 2010 11,120.45 11,131.01 11,075.80 11,118.49 189,651,523

S&P500 Date Open High Low Close Volume
Nov 3, 2010 1193.79, 1198.30, 1183.56, 1197.96
Nov 2, 2010 1,187.86 1,195.88 1,187.86 1,193.57
Nov 1, 2010 1,185.71 1,195.81 1,177.65 1,184.38
Oct 29, 2010 1,183.87 1,185.46 1,179.70 1,183.26

NASDAQ Date Open High Low Close Volume
Nov 3, 2010 2532.83, 2541.42, 2511.31, 2540.27
Nov 2, 2010 2,525.94 2,534.88 2,518.29 2,533.52
Nov 1, 2010 2,520.45 2,532.37 2,491.46 2,504.84
Oct 29, 2010 2,505.99 2,517.50 2,505.86 2,507.41

FAS Date Open High Low Close Volume
Nov 3, 2010 22.50, 23.02, 22.05, 22.98, 418787
Nov 2, 2010 22.54 22.64 22.27 22.44 22,467,145
Nov 1, 2010 22.31 22.76 21.65 22.20 29,964,140
Oct 29, 2010 22.10 22.30 21.93 22.18 21,371,850

Author Vet67to82     Date November 4, 2010 14:10 Abuse this post Report Abuse
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@ ( 1) OurCall for the FASclose Thursday, 11/4/2010 ...( stage1 projection )

Even if one is neither bullish nor bearish ... you'll see a HIGH for the day and a LOW for the day. The calculations below represent a guideline, not a pitch for Bulls, or a pitch for the 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.

Direxion Daily Financial Bull 3x Shares
Wedneday, 11/3/2010 ... FAS Close $22.98 +$0.54 +2.4064%
After Hours: $

-- Day's Range $22.05 - 23.02 and 52 week range $17.05 - 39.74

FAS .Bullish .... $23.73 ... or Bearish ... $22.17

-- YTD 113 UP days vs 98 DOWN days ( 3 up days, Last 10 days: 6 up/4 dn )
-- November 2010 MTD +$0.80 and Nov 2010 % mtd +3.607%

note- when there is no change, day to day, in the closing prices, I will be counting "no change" days as "up" days
Author Vet67to82     Date November 4, 2010 14:14 Abuse this post Report Abuse
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@( 2) OurCall for the DJIAclose Thursday, 11/4/2010 ... ( stage1 projection ) ... be thee Bull, or Bear, ... or Neither
Wedneday, 11/3/2010 ... DJIA Close 11,215.13 +26.41 +0.2360%

DJIA ... Bullish 11,290.27 (+0.67%) ... or Bearish 11,122.04 (-0.83%)**

---- YTD 122 UP days vs 90 DOWN days ( 4 up days, Last 10 days: 7 up/3 dn )
---- November 2010 MTD +96.64 points; Nov2010 % mtd +0.869%

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

Bearish percentage calculation declined from -- (-0.98%) to (-0.97%) to (-0.96%) to (-0.95%) to (-0.94%) and now (-0.83%)
Author Vet67to82     Date November 4, 2010 14:18 Abuse this post Report Abuse
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@ - ( 3) OurCall for the S&P500close Thursday, 11/4/2010 ... ( stage1 projection ) ... be thee Bull or Bear ... or Neither
Wedneday, 11/3/2010 ... S&P 500 Close 1,197.96 +4.39 +0.3678%

S&P 500 .... Bullish 1,207.54 (+0.80%) ... or Bearish 1,187 30(-0.89%)

---- YTD 119 UP days vs 93 DOWN days ( 3 up days, Last 10 days: 8 up/2 dn )
---- Nov2010 MTD +14.70 points; Nov2010 % mtd +1.242%

** Note previous posts and the Bearishness, while still greater than that projected for the Bulls, is shifting more often; the S&P 500

Bearish percentage calculation declined from -- (-1.03%) to (-1.01%) and now (-0.89%)
Author Vet67to82     Date November 4, 2010 14:23 Abuse this post Report Abuse
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@ - ( 4) Nasdaq Comp Wedneday, 11/3/2010 -

Date ................. Open ......... High............ Low ......... Close
Nov 3, 2010 .... 2532.83,... 2541.42,... 2511.31,... 2540.27
Oct 29, 2010 ... 2,505.99 .. 2,517.50 .. 2,505.86 .. 2,507.41
Sep 30, 2010 ...2,390.96... 2,400.06 ... 2,354.22 ... 2,368.62

November 2010 mtd gain (loss) off the Oct 29 close ........ +32.86 +1.3105%
October 2010 mtd % gain (loss) off the Sep 30 close .....+138.79 + 5.8595%
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