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GLD and Apple had the best week of the chart watches, could be a
sign of things to come, more tech bets and more betting against
currencies.
More statements about debt ceilings and US bond ratings confusing the markets somewhat, AAPL might be hesitating due to Googles earnings release, go figure.
What is more noticed is SLV and GLD taking off.
Looks like the UUP is at the top of its channel and moving down which means Risk on if it stays that way, Apple a good trade for this.
UUP dollar moving up to find the light of day
Yeah Wash Rinse Repeat, Dollar UP, Stocks down, this could be a pattern that lasts for 3 to 6 months.
Yup just waiting for a sustained rally then I am all over it, best of luck trading its pretty choppy out there.
The UUP USD is my dark horse for the summer lets see if it has legs or wings or whatever will take me to my 5 to 10X investment, hehe
Just listened to Steve Jobs commencement at Stanford 2005, We are blessed for the results of his work. Thanks Steve.
Structural headwinds, See Rupert Murdochs current problems for a clue, hehe
check this post on bad bosses. The #1 Bad Boss, TV Producers, haha
Well the movie industry poured it on as I knew they would and now the total gross for the year is already past the early 90s, so nice recovery there. Must have been the nice weather ?
NFLX and SODA the winners this week over 9% rise for the week, that is typically 45% in option calls.
Some spooking of the markets is occuring now with no firm indication of debt ceiling talks confirmed. Also poor jobs data does not support the second half improvements that have been stated. Its a day to day watch and a step out of calls or puts when necessary.
Cyclicals include Technology
US STOCKS VIEW: 10 Tech Stocks More Attractive Than Apple
Has the shine permanently come off Apple Inc. (AAPL)?
It certainly looked that way to many earlier this spring and summer, as Apple's stock retreated from its all-time high of $364.90 to its Jun. 20 low of $310.50. But others remain as convinced as ever in Apple's long-term potential and have been encouraged by Apple's recovery over the last two weeks to its current level of $343.
What do the top-performing investment advisers think?
It would appear as though they are in the "Apple is losing its shine" camp. When it comes to the number of upgrades and downgrades the top performers have issued on Apple over the first half of 2011, January was the last month in which these top performers issued more upgrades on Apple than downgrades. For the subsequent three months, their opinion of Apple stayed steady. But since then, there has been what appears to be a steady diminution in their opinion of the company.
(I defined this group of top performers to include just those advisers on the Hulbert Financial Digest's monitored list who are ahead of a buy-and-hold in the stock market over the last decade.)
This isn't to say the top performers have lost their appetite for all stocks in the technology sector, by the way. Here is a list of those tech stocks that have experienced net upgrades from those top performers since the beginning of May, the same period of time in which they have been downgrading Apple. The number in parentheses following each stock's name is the number of net upgrades it has received:
- International Business Machines Corp. (IBM) (+3)
- Altera Corp. (ALTR) (+1)
- Autodesk Inc. (ADSK) (+1)
- Cisco Systems Inc. (CSCO) (+1)
- Ebix Inc. (EBIX) (+1)
- Google Inc. (GOOG) (+1)
- Netlogic Microsystems Inc. (NETL) (+1)
- Omnivision Technologies Inc. (OVTI) (+1)
- Storage Technology (+1)
- Tellabs Inc. (TLAB) (+1)
(Mark Hulbert is founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980. He can be reached at 415-439-6400 or by email at AskNewswires@dowjones.com.)
> Dow Jones Newswires
07-05-11 0753ET
The 52 Week High List seems to be the way to go, $IBM, $V,$HAL, $NKE, $MA, $WYNN, $COH, $HOG, $DRI, $KO, $AMZN, $MCD, $UTX, many many
Smart Consensus, one of the better Etrade rating firms stays with a SELL SELL SELL on OPEN
Lets check the other Dot Com potentials.
Pandora.... No data available
TZOO.... SELL SELL SELL
PCLN ....HOLD Rating
YOKU ... No data available
CRM..... BUY rating
EXPE... HOLD rating
ACOM... Ancestry.com is a HOLD rating
So there is no real bullishness in the Dot Coms currently
Big picture is this: IIX Internet index is flat and has begun to drill down lower, The shippers BDI index
has been dropping for 8 months although lately is flat, THe GOLD index GOX is edging lower,
The TAN solar index is very choppy and lower, The VIX is flat and is not an indicator, The USO Oil Index is
hugely off of its top and looks to be downtrending, the MOO is edging lower after a huge 2010 climb as the Market
Vectors Agricultural Index, Now there is one bright spot and that is the XRT retail is climbing, but one
index does not a market make.
The GSG commodity index is edging lower as well, so out of these 6 indexes mentioned one is climbing so
I consider this a bearish market call and a perfect opportunity for some FXE and FXF correction and improvements
in the UUP USD relationships.
I just calls them as I see them.
This explosive growth in the markets has tilted the risk / reward for stocks closer to the risk side of things, granted if new levels are achieved beyond recent tops and channels it may be worth a short term trade to define a call investment. One which defines risk and capitalizes on a short term trend.
If there are those whom think that a new long term trend is starting, have at it and go long your positions but this remains to be seen and this camp is skeptical of that move.
Investment FACT: Most meteoric rises in the major indexes and in individual technology and consumer staples stocks usually make for volatile trades in which short term downtrends usually follow these spikes.
A market correction does not identify Dollar Bull "Baddies" it identifies prudence and long term thinking in valuation for companies that are in early stages of development. These companies should be made attractive for the average investor whom is not merely gaming the valuation.
Second half numbers that could move the markets up to new levels are going to depend on second quarter improvements in earnings... Really after what happened near Tokyo ?
Second half improvements will depend on increases in GDP, if that is true it has not been identified as of yet.
Once deals for debt ceiling and debt reductions are identified and implemented which was stated as a prominent goal, This has to help the UUP, and thusly may make the market correct a bit.
So a warning for some market correction is merely putting faith in the administrations for implementing proper state spending improvements and federal plans for reduced spending and increased income recognized as necessary and very possible.
No predictions of market annihilation here, but very small moves in the UUP are noticed moving the markets down, that has been stated time and time again. No winners and losers, goodies or baddies in that just fact.
Lots of charts that were headed down got a spike up but only to meet back with the downtrend line.
XRT, shes a looking goodeh.
Stock TV pumping the markets, likely to cover mistakes of the momo dot com crowd. Open book read.
Lets see if our leaders can effect the dollar with a speech
Boy will it be liberating to see the dollar rise above the predictions of many who demise it and lift the markets on that thesis.
SPWRA is on a roll up this week
SODA up 24% for the week
Lulu is good, I am putting some of the dot coms but they have some life lately which isnt helping, hehe.
Yup I didnt say anything cause it must have been embarrassing for
them to lose at home in Game 7.
Sticking to the charts and expected this volatility, but I remain put weighted, until a much further and far flung uptrend occurs, if it happens now oh well bad timing but I dont think so.
Go ahead Mr. Market try for a reversal that will be a pretty large bull trap.
Looks like a silent reversal to try to dry up some puts, hehe
Lots of factors constantly weighing down the UUP, I foresee this coming to an end and the UUP rising soon.
Just saw the social network movie, Good job Hollywood, You have to love fiction, Dont you ?
Still have a feeling that market sentiment and direction is down, lets see what happens.
UUP hopes are for a less scitzo uptrend, but if not and its back in silver that works too.
LULU a 14% move in one week is looking good.
The founder of the Cuisinart, a good story just before my time I guess...
http://web.mit.edu/invent/iow/sontheimer.html
Microwave technology for NASA means his talents knew no bounds me thinks.