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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 : Tuesday, 11/9/2010 OurCall for the Close

Date November 9, 2010    Comments Comments (8)    Rate this post Recommend This Post (136)   
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Yesterday and today the bears are ahead; yet compared to the back to back wins by the bulls, the U.S.indices are STILL showing intact trends, and a technically significant breakout.

Fundamentals are good to great, earnings reports are good to great, other than the occasional miss, and are including increasingly positive outlooks along with raised expectations. The prospects that the FED's QE2 is going to aide the financials, and the markets, leaves the bears open to GREATER RISK on continuing, or opening short positions. Should the FED's QE2 aide the economy, and that is still an open question, and lead to JOBS creation, the short side of the markets are going to be crushed! The markets rally to this point will PALE in comparison to the next leg up!

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 9, 2010 15:27 Abuse this post Report Abuse
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Nov 8 - Markets closed

Dow Jones 11,406.84 -37.24 (-0.33%)
S&P 500 1,223.25 -2.60 (-0.21%)
Nasdaq 2,580.05 +1.07 (0.04%)

Sector Change % down / up
Basic Materials +0.15%
Capital Goods -0.14%
Conglomerates -0.18%
Consumer Cyclical +0.69%
Consumer Non-Cyclical -0.17%
Energy +0.11%
Financial -0.45%
Healthcare -0.51%
Services -0.16%
Technology +0.03%
Transportation -0.11%
Utilities -0.42%
Author Vet67to82     Date November 9, 2010 15:28 Abuse this post Report Abuse
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Earlier today:

Commodities Last Change %Change
Gold DEC-2010 1,419.30 +16.10 +1.15%
Silver DEC-2010 28.64 +1.21 +4.40%
Light Sweet Crude Oil DEC-2010 87.19 +0.13 +0.15%

- - and now:

Commodities Last Change %Change
Gold DEC-2010 1,404.50 +1.30 +0.09%
Silver DEC-2010 28.07 +0.64 +2.33%
Light Sweet Crude Oil DEC-2010 86.66 -0.40 -0.46%

Author Vet67to82     Date November 9, 2010 15:28 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 .... ( n/a)

Approximately 2:54 PM ET

Dow Jones 11,368.36 -38.48 (-0.34%)
S&P 500 1,217.89 -5.36 (-0.44%)
Nasdaq 2,572.62 -7.43 (-0.29%)

Sector Change % down / up
Basic Materials -0.29%
Capital Goods -0.50%
Conglomerates -0.20%
Cons. Cyclical -0.31%
Cons. Non-Cyclical -0.57%
Energy +0.04%
Financial -0.77%
Healthcare -0.34%
Services -0.46%
Technology -0.04%
Transportation -0.79%
Utilities -0.01%

Only the Energy sector is in the green, and only barely green, at that ...

Author Vet67to82     Date November 9, 2010 15:29 Abuse this post Report Abuse
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Please don't take my word on the assessment of the fundamentals and the charts ...Here's one with "pictures" that supports what I'm seeing. For balance, I am looking for a "contrarian" article that supports the bears, as well as one that supports neither.


Nov. 9, 2010, 11:39 a.m. EST

U.S. markets escape crash territory
Focus: Coal, ANR, CNX, PCX, PENN, HIG, IMAX, PWRD, LPX, HEAT

- http://www.marketwatch.com/story/us-markets-escape-crash-territory-2010-11-09?link=kiosk

Seriously, I doubt there is a scenario, other than small "consolidation" pullbacks, given that lots of companies, across a multitude of industries and sectors, are including increasingly positive outlooks along with raised expectations.

Author Vet67to82     Date November 9, 2010 15:29 Abuse this post Report Abuse
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@ ( 1) OurCall for the FASclose Tuesday, 11/9/2010 ...( 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
Monday, 11/8/2010 ... FAS Close $25.90 (-$0.58) (-2.1903)
After Hours: $

-- Day's Lo2Hi: $25.28 - 26.48 and *52 week Lo2Hi: $17.05 - 39.74

FAS ... Bullish .... $26.74 ... or Bearish ... $24.99

-- YTD 115 UP days vs 100 DOWN days ( 1 dn days, Last 10 days: 7 up/3 dn )
-- November 2010 MTD +$3.72 and Nov 2010 % mtd +16.772%

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 9, 2010 15:38 Abuse this post Report Abuse
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@( 2) OurCall for the DJIAclose Tuesday, 11/9/2010 ... ( stage1 projection ) ... be thee Bull, or Bear, ... or Neither
Monday, 11/8/2010 ... DJIA Close 11,406.84 -37.24 (-0.3254)

DJIA ... Bullish 11,483.27 (+0.67%) ... or Bearish 11,312.16 (-0.82%)**

---- YTD 124 UP days vs 91 DOWN days ( 1 dn day, Last 10 days: 7 up/3 dn )
---- November 2010 MTD +288.35 points; Nov2010 % mtd +2.593%

** 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 (-0.82%)

Author Vet67to82     Date November 9, 2010 15:45 Abuse this post Report Abuse
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@ - ( 3) OurCall for the S&P500close Tuesday, 11/9/2010 ... ( stage1 projection ) ... be thee Bull or Bear ... or Neither
Monday, 11/8/2010 ... S&P 500 Close 1,223.25 (-2.60) (-0.2121%)

S&P 500 .... Bullish 1,233.04 (+0.80%) ... or Bearish 1,212.36 (-0.88%)

---- YTD 121 UP days vs 94 DOWN days ( 1 dn day, Last 10 days: 7 up/3 dn )
---- Nov2010 MTD +39.99 points; Nov2010 % mtd +3.380%

** 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 (-0.88%)
Author Vet67to82     Date November 9, 2010 15:49 Abuse this post Report Abuse
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@ - ( 4) Nasdaq Comp Monday, 11/8/2010 -

Date ................. Open ......... High............ Low ......... Close
Nov 8, 2010 .. 2,570.86 .. 2,583.30 .. 2,566.78 .. 2,580.05
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 ........ +72.67 +2.897%
October 2010 mtd % gain (loss) off the Sep 30 close .....+138.79 + 5.8595%
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