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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 : Friday, 11/5/2010 OurCall for the Close

Date November 5, 2010    Comments Comments (8)    Rate this post Recommend This Post (135)   
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Sorry, I did try to post this sooner, but I experienced severe trouble logging into PeopleandPicks as well as P&P pages that were taking an absurd 8 to 11 minutes to load, as well as pages that never loaded. Unfortunately, only with this website, in sharp contrast to other web pages that loaded in lickety split seconds. So, I changed my avatar ... which also took forever, but seems to have helped somewhat.

"Yesterday was a win for the bulls. I was expecting a gradual climb through the 11300s as the uptrend in the moving averages suggested, instead the market indices blew right thru the 11300s intraday and now we're tresding water in the 11400s whilst we are pondering the move from here.

Hmmm! So, where DO we go from here? 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  

8 Comment(s):

Author Vet67to82     Date November 5, 2010 18:58 Abuse this post Report Abuse
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Nov 4 - Markets closed
Dow Jones 11,434.84 +219.71 (1.96%) Lo2Hi: 11,216.65 - 11,440.37 *52 week 9,614.32 - 11,440.37
S&P 500 1,221.06 +23.10 (1.93%) Lo2Hi: 1,198.34 - 1,221.25 *52 week 1,010.91 - 1,221.25
Nasdaq 2,577.34 +37.07 (1.46%) Lo2Hi: 2,564.05 - 2,579.62 *52 week 2,061.14 - 2,579.62

Sector Change % down / up
Basic Materials +3.60%
Capital Goods +2.93%
Conglomerates +2.41%
Consumer Cyclical +2.31%
Consumer Non-Cyclical +1.53%
Energy +2.66%
Financial +2.54%
Healthcare +0.52%
Services +1.55%
Technology +1.57%
Transportation +0.93%
Utilities +1.32%

FAS $25.08 +2.10 (9.15%) Lo2Hi: $23.57 - 25.19 *52 week $17.05 - 39.74
After Hours: 24.99 -0.09 (-0.36%) Nov 4, 7:59PM EDT

NCR Corporation (NYSE:NCR)
$14.72 +0.17 (1.17%) Lo2Hi: $14.64 - 14.80 *52 week 9.18 - 16.00
After Hours: 14.72 -0.00 (-0.00%) Nov 4, 2010 4:21 PM ET
Author Vet67to82     Date November 5, 2010 18:58 Abuse this post Report Abuse
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Charting -----

Nasdaq
- 11/2/2010 The MACD just crossed above its signal line. This is a bullish signal.
- 11/4/2010 CandleSticks: A Rising Window occurred. Three white candles occurred. .
-
S&P500
- 11/4/2010 The MACD just crossed above its signal line. This is a bullish signal.
- 11/4/2010 CandleSticks: A Rising Window occurred. Three white candles occurred.
-

DJIA 11/4/2010
- 11/4/2010 The MACD just crossed above its signal line. This is a bullish signal.
- 11/4/2010 CandleSticks: Three white candles occurred.

Author Vet67to82     Date November 5, 2010 18:58 Abuse this post Report Abuse
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@ ( 1) OurCall for the FASclose Friday, 11/5/2010 ...( 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
Thursday, 11/4/2010 ... FAS Close $25.08 +2.10 (9.15%)
After Hours: $14.72 -0.00 (-0.00%) Nov 4, 2010 4:21 PM ET

-- Day's Lo2Hi: $23.57 - 25.19 and *52 week Lo2Hi: $17.05 - 39.74

FAS ... Bullish .... $25.90 ... or Bearish ... $24.20

-- YTD 114 UP days vs 98 DOWN days ( 4 up days, Last 10 days: 7 up/3 dn )
-- November 2010 MTD +$2.90 and Nov 2010 % mtd +13.075%

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 5, 2010 18:59 Abuse this post Report Abuse
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@( 2) OurCall for the DJIAclose Friday, 11/5/2010 ... ( stage1 projection ) ... be thee Bull, or Bear, ... or Neither
Thursday, 11/4/2010 ... DJIA Close 11,434.84 +219.71 (1.96%)

DJIA ... Bullish 11,511.45 (+0.68%) ... or Bearish 11,339.93 (-0.83%)**

---- YTD 123 UP days vs 90 DOWN days ( 5 up days, Last 10 days: 7 up/3 dn )
---- November 2010 MTD +316.35 points; Nov2010 % mtd +2.845%

** 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 5, 2010 19:00 Abuse this post Report Abuse
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@ - ( 3) OurCall for the S&P500close Friday, 11/5/2010 ... ( stage1 projection ) ... be thee Bull or Bear ... or Neither
Thursday, 11/4/2010 ... S&P 500 Close 1,221.06 +23.10 (1.93%)

S&P 500 .... Bullish 1,230.83 (+0.80%) ... or Bearish 1,210.19 (-0.89%)

---- YTD 120 UP days vs 93 DOWN days ( 4 up days, Last 10 days: 8 up/2 dn )
---- Nov2010 MTD +37.80 points; Nov2010 % mtd +3.195%

** 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 5, 2010 19:00 Abuse this post Report Abuse
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@ - ( 4) Nasdaq Comp Thursday, 11/4/2010 -

Date ................. Open ......... High............ Low ......... Close
Nov 4, 2010 ... 2,569.27 ... 2,579.62 ... 2,564.05 ... 2,577.34
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 ........ +69.93 +2.78893%
October 2010 mtd % gain (loss) off the Sep 30 close .....+138.79 + 5.8595%
Author Vet67to82     Date November 5, 2010 19:01 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, HOG, MCP, MEE. NCR

Adding ....

- From my spread sheets ... reward potential greater that +10%

-- http://www.marketwatch.com/community/groups/math-101-whether-market-science/topics/wednesday-1132010-ourcall-close

Approximately 12:58 PM ET
Dow Jones 11,417.81 -17.03 (-0.15%)
S&P 500 1,222.80 +1.74 (0.14%)
Nasdaq 2,574.50 -2.84 (-0.11%)

Sector Change % down / up
Basic Materials +0.30%
Capital Goods +0.91%
Conglomerates +0.14%
Consumer Cyclical +0.65%
Consumer Non-Cyclical -0.48%
Energy -0.19%
Financial +0.40%
Healthcare -0.62%
Services -0.04%
Technology -0.23%
Transportation -0.01%
Utilities -0.32%
Author Vet67to82     Date November 5, 2010 19:09 Abuse this post Report Abuse
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Despite the run up in MEE I am not closing my pick yet.

Reviewing my Pick "Analysis" comments:

( 1) Massey Energy (MEE) Potential to Pop: 73.4%**
Mean Price Target: $54.00
Closing Price (5/21): $31.14

Number of Analysts: 17
High Estimate: $65
Low Estimate: $34
--------------
( 2) Massey Energy mulling bid from Alpha-WSJ
Arch Coal Inc (ACI.N) and Consol Energy (CNX.N) also are interested in bidding for Massey.
Reportedly, the board has hired Perella Weinberg to advise it and could consider an auction for the company or could decide not to pursue a
sale, or the MEE board could look at a recapitalization or a share buyback

while I'm not trying to be GREEDY, MEE has lagged behind, and has underperformed its' competitors ... I am looking for a Stock Gain closer to the Mean Price Target: $54.00


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