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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, 11/11/2010 OurCall for the Close

Date November 11, 2010  Edited: November 11, 2010    Comments Comments (9)    Rate this post Recommend This Post (134)   
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Free Options Trader Guide
Monday through today the bears are ahead; yet, thanks to the bullish battle-backs, the U.S.indices are STILL ahead for the month and way ahead for the year. No market goes straight up, consolidation pullbacks (take two steps foward, one step back) happen, and should be expected; the indications are, that is what is occurring now.

Today the markets are concerned with Ireland debt troubles, the EU debt troubles, QE2, and Cisco's (CSCO) earnings report last night. The EU trials and tribulations are "fixable" and the markets KNOW that; so, it's a convienient and handy excuse, instead of "profit taking."

Cisco's (CSCO) earnings report beat earnings, but reduced outlook expectations. (1) Cisco is NOT losing money. (2) Cisco expects growth of 8 to 12 percent. (3) Cisco has an attractive trailing 12 month P/E, plus a foward P/E of about 10 with a PEgrowth of 1.13. (4) Given Cisco's "reduced" expectations, CSCO has a 1 year estimated target of $27.50 +/-0.25 ... a potential reward of 32.5% from its current price. The selling is clearly way overdone!

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 11, 2010 14:19 Abuse this post Report Abuse
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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

Author Vet67to82     Date November 11, 2010 14:24  Edited: November 11, 2010 by Vet67to82 Abuse this post Report Abuse
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Today is Veteran's Day 11/11/2010. Banks are closed ...

Please take a moment to think about your family members, friends, co-workers, neighbors, and community members, men and women, that have served, in in any capacity, in any branch of the US Military ... and to say a few words to them in thanks.

( 1) Veteran's Day 11/11/2010

- http://www.peopleandpicks.com/blog/Vet67to82/3442495/Veterans-Day-11112010/

( 2) Be Thee Bull or Bear
- http://www.peopleandpicks.com/blog/Vet67to82/3438805/Be-Thee-Bull-or-Bear/

( 3) OUTSOURCING is detrimental to the USA
- http://www.peopleandpicks.com/blog/Vet67to82/3438351/OUTSOURCING-is-detrimental-to-the-USA/

( 4) November in Review

- http://www.peopleandpicks.com/blog/Vet67to82/3436230/November-in-Review/

Author Vet67to82     Date November 11, 2010 14:36 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 .... ( OverSOLD CSCO )

Approximately 1:11 PM ET
Dow Jones 11,258.58 -98.46 (-0.87%)
S&P 500 1,210.13 -8.58 (-0.70%)
Nasdaq 2,548.83 -29.95 (-1.16%)

Sector Change % down / up (Energy is the only UP)
Basic Materials -0.02%
Capital Goods -0.82%
Conglomerates -0.72%
Consumer Cyclical -0.46%
Consumer Non-Cyclical -0.60%
Energy +0.18%
Financial -0.96%
Healthcare -0.30%
Services -0.58%
Technology -1.76%
Transportation -0.35%
Utilities -0.33%
Author Vet67to82     Date November 11, 2010 14:38 Abuse this post Report Abuse
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Approximately 2:36 PM ET
Dow Jones 11,301.98 -55.06 (-0.48%)
S&P 500 1,215.31 -3.40 (-0.28%)
Nasdaq 2,559.74 -19.04 (-0.74%)
Author Vet67to82     Date November 11, 2010 14:42 Abuse this post Report Abuse
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@-( 1) OurCall for the FASclose Thursday, 11/11/2010 ...( 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
Wednesday, 11/10/2010 ... FAS Close $ 25.29 +0.80 +3.2666
After Hours: $

-- Day's Lo2Hi: $24.01 - 25.33 and *52 week Lo2Hi: $17.05 - 39.74

FAS ... Bullish .... $26.11 ... or Bearish ... $24.40

-- YTD 116 UP days vs 101 DOWN days ( 1 up day, Last 10 days: 6 up/4 dn )
-- November 2010 MTD: +$0.58 +2.347%

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 11, 2010 14:51 Abuse this post Report Abuse
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@-( 2) OurCall for the DJIAclose Thursday, 11/11/2010 ... ( stage1 projection ) ... be thee Bull, or Bear, ... or Neither
Wednesday, 11/10/2010 ... DJIA Close 11,357.04 +10.29 +0.0907

DJIA ... Bullish 11,433.13 (+0.67%) ... or Bearish 11,262.78 (-0.82%)**

---- YTD 125 UP days vs 92 DOWN days ( 1 up day, Last 10 days: 7 up/3 dn )
---- November 2010 MTD +238.55 +2.146%

** 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 11, 2010 15:03 Abuse this post Report Abuse
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@-( 3) OurCall for the S&P500close Thursday, 11/11/2010 ... ( stage1 projection ) ... be thee Bull or Bear ... or Neither
Wednesday, 11/10/2010 ... S&P 500 Close 1,218.71 +5.31 +0.4376%

S&P 500 .... Bullish 1,228.46 (+0.79%) ... or Bearish 1,207.86 (-0.88%)

---- YTD 121 UP days vs 95 DOWN days ( 1 up day, Last 10 days: 7 up/3 dn )
---- Nov2010 MTD +35.45 +2.996%

** 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 11, 2010 15:08 Abuse this post Report Abuse
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@-( 4) Nasdaq Comp -

Date ................. Open ......... High............ Low ......... Close
Nov 10, 2010 .. 2564.31, .. 2578.78, ... 2545.46, ... 2578.78
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 ........ +71.37 +2.486%
October 2010 mtd % gain (loss) off the Sep 30 close .....+138.79 + 5.8595%
Author Vet67to82     Date November 11, 2010 15:14 Abuse this post Report Abuse
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So, how're we doing year to date?

DJIA 2010 ytd +929.04 +8.909%

S&P 500 2010 ytd +103.61 +9.2915%

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