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Housing: Most Affordable in Decades
CNNMoney.com
Thanks to continued declines in home prices and rock-bottom mortgage rates, buying a home is now more affordable than it has been in the last twenty years. More »
President Obama Touts ‘Onshoring’: Is Made in America Back? Daily TickerWhile touring a factory owned by Master Lock on Wednesday, President Obama urged manufacturers to bring jobs back to the U.S. More »
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Fed Minutes: Members Divided Over QE3 AP
The Federal Reserve appears open to the idea of a third round of bond purchases to boost a still-modest recovery. But members remain divided over when or whether to take that step. More »
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"First Alert Review" newsletter service is a premium service that is free to all subscribers/investors. I send out a Weekly Market Recap, Tuesday Market Review and Mid Week Market Review under "First Alert" to my website's subscribers. I also send many company profiles for investment consideration but the choice is ultimately yours to buy, trade, hold or sell a security mentioned within this newsletter. Do your due diligence and then do more due diligence making prudent investment choices. I will seldom write telling someone what to buy or when to sell what was bought. Those choices are your own. All paid ads are clearly marked. First Alert Stocks, OTC Stock Reporter,
Willy's Financial Terminal and Willy's First Alert Stocks are owned by
First Alert Financial LLC. |
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Market Review |
Readers,
I am not going to write much but please be aware this is the time of the year the markets slow and they are a spinning top right now just looking for a reason to move lower. Always remember big trading money plays long and short and once their short is established these tops spin just like they have been for the last week. Careful with Israel and Iran they hate each other and both see the other as a major threat. Syria is also ready for intervention from the U.N. on the side of liberty. Greece is also a continual headache but not as bad as civil war in Syria and a nuclear war between Israel and Iran. Sometimes smart investors know when to start taking their chips off the table. IT ONLY takes a few minutes to buy a position back but if what you own turns south over the next month you have chosen to maintain your long position. It's all the choice of the investor. Good luck everyone but be careful at this time.
"Always be ahead of everyone else by "Being First With First Alert"."
Stay strong and protect your wealth
Thank you,
Harold
Weekly Comment 2/11
The week ended up closing slightly in the red as Greece and EuroZone questions still remain active in the news. Although the boy crying wolf in EuroZone has quieted as Greece leaders back bailout deal.
In the U.S. our economy continues to slowly build a solid base for the future. I believe the future for the U.S. as a major player globally will only build over the next 5 years. Ever hear the old saying, "Don't rock the boat." The U.S. boat has righted itself so when party affiliations come into play not really caring about us common people I get somewhat upset. At some of the games being played makes me want to puke. The Republicans have made me very offish over the last 4 years creating some of the troubles bickering over getting their way. Both parties are like a bunch of little kids wanting each others toys. It's going to be a crazy next 9 months. Can't they stop calling each other names and stick to the agenda of our country and our people? That's another subject, NO is the answer.
I wrote this warning last week and maintain the warning to my readers to be ahead of a correcting market. The markets are rigged so be aware their is a short side and a long side and big players play both sides. Also PLEASE review "Typical Trader Feelings" below and ask where you are fitting into that chart. It's been a thrilling and euphoric ride hasn't it but...
"I am going to start this weekly newsletter with a warning. My warning is not about the U.S. or European economic outlook but about the rhetoric about Israel and Iran possible attacking each other. Who attacks who first is the question many are now asking. Readers if this happens the U.S. stock markets will drop up to 10% to 15% within a couple weeks. I am writing this would not be good for investors so stay alert. My Technical Analysis in the Indices sections are warning about the time of the year cyclical corrections that are normal. If these normal yearly corrections are fueled by bloodshed in Israel or Iran the Middle East could erupt. Syria is also now in the news with more and more killing/murdering of the citizens by the current dictatorship. Something is going to happen, it has to, and it will affect the markets short term when it takes place. "
Dow Sees Worst Day of 2012; Apple Slides Below $500
AP
Stocks slumped Wednesday in one of their worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets. Apple also slid to sit near the lows of the day. More »
(If you see a typo please disregard the error. I am well known for a few typos.)<<
Typical Trader Feelings
FEAR = Panic Gut Pains
Greed = Euphoric Expectations
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My Favorite Quotes For All Those That Dream |
Mark Twain wrote many years ago,
"Keep away from people who try to belittle your ambitions. Small people always
do that, but the really great make you feel that you, too, can become great."
Thomas Edison wrote,
"Many of life's failures are men who did not realize how close they were to
success when they gave up."
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News Headlines |
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| Source Yahoo Finance |
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INDU (DOW Jones) |
| INDU |
Close 12,780.95
The INDU is a wanting to move higher but a flat MACD, Stochastic suggests the spinning top we are seeing this week. Once again be careful the INDU has had a significant run since October and typically slows down into March as earnings slow. I am looking for a slowing INDU with a correction as earnings slow throughout March as traders wait for 2nd Q reporting to start mid to late April. I wouldn't be surprised to see the 12,000 support tested but I also believe 13,000 will be tested and broken in 2012. I wrote this last weekend, "INDU is toppy but still within the upward trend channel. A correction to the lower BBand is possible and not alarming. The mean is now 12,711."
Weekly Comment 2/11
Last Week Close 12,801.23
The INDU closed at 12,801.23 losing - 61 for the week. Currently the INDU has a correcting Stochastic and a flat MACD. Earnings will start to slow as we move into March normally allowing a correction to take place. 3 year chart When looking at the 3 yr chart we can see the toppy market at this time. The previous resistance of 12,876 was breached to 12,924 this week. I still see no reasons to be alarmed when looking at the upward trend except normal market cycles. Chart Now look at this chart 1.6 yr. Then the 6 month with money flow and accumulation toppy. What I am writing in my TA the big traders already know this. I am looking for a choppy week next week as the INDU is toppy but still within the upward trend channel. A correction to the lower BBand is possible and not alarming. The mean is now 12,711.
STAY ALERT AND PROTECT YOUR WEALTH
Clearstation is closing down so I'll lose all the chart feeds below. I will seek alternative charts but likely have links only until I decide what route I'll take.
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| 12,872.90 |
| +96.61 |
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COMPX (Nasdaq) |
| Nasdaq |
Close 2915.83
I would be very careful next week with the Nasdaq stocks. All indicators are trying to roll over and toppy Thursday. I maintain this comment, "I am looking for a spinning top and a correction in early March. Once again no doom and gloom just normal cyclical corrections. Chart Link"
Weekly Comment 2/11
Last Week Close 2,903.88
The Nasdaq churned all week long closing at 2,903.88 only losing - 1.78 for the week. The Nasdaq is toppy with a correcting Stochastic and a flat MACD. Accumulation has finally leveled off suggesting traders are aware of the lofty Nasdaq. It's apparent the Nasdaq is looking for a reason to correct. Friday's close was not unreasonable but I still see the gap needing to be filled. Next week I am looking for continued Nasdaq earnings to come out but I am looking for a spinning top and a correction in early March. Once again no doom and gloom just normal cyclical corrections. Chart Link
Clearstation is closing down so I'll lose all the chart feeds below. I will seek alternative charts but likely have links only until I decide what route I'll take.
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| 2,943.56 |
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Russell 2000 |
| Russell 2000 |
Close 813.98
Read
"The chart is seriously toppy at this time. The mean is now 799 with 758 the bottom of the channel. The Russell will churn along with the direction of the major markets. A correction would not hurt the Russell only make it stronger when the correction turns higher. Once again no alarms to sound off at this time. Chart Link "
Weekly Comment 2/11
Last Week Close 813.33
The Russell closed at 813.33 losing - 17.78 for the week. The chart is seriously toppy at this time. The mean is now 799 with 758 the bottom of the channel. The Russell will churn along with the direction of the major markets. A correction would not hurt the Russell only make it stronger when the correction turns higher. Once again no alarms to sound off at this time. Chart Link
| 825.83 |
| + 11.85 |
| Daily Russell Chart |
| (Live Daily Updating Chart) |
| Source Clearstation.com |
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Never Give Up |
Thomas Edison wrote,
"Many of life's failures are men who did not realize how close they were to
success when they gave up."
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First Alert Stocks™ of Interest |
AMEX Listed Stocks
QPSA: QPSA is a Social Media play Listed on the AMEX. QPSA should feed of the FaceBook IPO hype for weeks to come. Close $4.49
REE: REE was followed as it rose to $15.00 a year ago on rare earth hype. It finally bottomed and is once again getting attention so lets follow it again and see what happens. It's toppy at $7.00 but it has moved off the bottom. Close $6.37
Penny Stocks of Interest
EXMT: Continue watching EXMT for some news. I am expecting them to catch up their filings any day then soon after completion of their recently announced acquisition. This acquisition will add instant value to EXMT so expect to see continued accumulation at current levels under .05. Close .029
MYFT: MYFT continues to have serious accumulation taking place under .01. Risk is lower and upside percentage moves are higher. Watch this one going into March possible reporting. Close .0055
WOLV: WOLV has moved from a stock I was seriously upbeat on to a stock I am still watching. I felt at .01 CENT it's should be put back in my newsletter as a speculative mining play. If you buy, buy carefully as to not push the price higher. And yes I still own my shares. Close .0139
RXEXF: RXEXF is a gold play in Montana. I believe this stock could move back over $0.50 in the 1st Q of 2012. Close .39.5
HUDRF: Greenland Rare Earth Play. This company is drilling rare earth targets in Greenland. Close .439
(Full Disclaimer Applies)
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Big Board Stocks of Interest |
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Clearstation is closing down so I'll lose all the chart feeds below. I will seek alternative charts but likely have links only until I decide what route I'll take. |
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| Earnings Calendar Starting January 23 2012 |
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 NEW (JBLU) Close $5.86 No change in comment "JBLU is in the middle of correcting and will find bottom around the $5-$5.50 ranges. JBLU should work out to be a nice rolling pattern play once you get on the right side of the roll so watch for a bottom reversal in the future." Chart Previous Comment "JBLU continues to catch the eyes of investors. It should be looked at when it corrects. Interesting company." Chart JetBlue Airways Corporation provides passenger air transportation services in the United States. As of December 31, 2010, it operated 650 daily flights to 63 destinations in 21 states, Puerto Rico, and Mexico; and 10 countries in the Caribbean and Latin America through a fleet of 115 Airbus A320 aircrafts and 45 EMBRAER 190 aircrafts. The company, through its subsidiary, LiveTV, LLC, provides in-flight entertainment, voice communication, and data connectivity systems and services for commercial and general aviation aircraft, including live in-seat satellite television, digital satellite radio, wireless aircraft data link service, and cabin surveillance systems. JetBlue Airways Corporation was founded in 1998 and is based in Forest Hills, New York. Chart:
Chart
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(SIRI) Close $2.15 No change in comment "SIRI is doing it's best to maintain above $2.00 going into earnings. Unless the Nasdaq gets hit hard SIRI should make another leg towards $2.30 but right now the Nasdaq is toppy so SIRI could correct close to $2.00 on market weakness." (SIRI) Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. Web Site: http://www.siriusradio.com News Link: http://finance.yahoo.com/q?s=SIRI
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 (ETFC) Close $9.24 No change in comment "ETFC has firmed up showing support but if the Nasdaq correct ETFC might test mid 8s. The pattern is rolling sideways showing short term weakness." Previous Comment "ETFC has settled down since earnings last week. Today's close was off the bottom washout last week. I would set back and watch at this time not get in a hurry to buy as month end could be choppy for all the markets." Chart
(ETFC) ETRADE Financial Corporation, through its subsidiaries,
provides online brokerage and related products and services primarily to
individual retail investors, under the brand name of ETRADE Financial
worldwide. It offers various brokerage products and services, including
automated order placement and execution of the U.S. and international
equities, currencies, futures, options, exchange-traded funds, mutual funds,
and bonds. The company also provides quick transfer, wireless account access,
extended hours trading, quotes, research, and advanced planning tools. Its
banking products and services include checking, savings, sweep, money market,
and certificates of deposit products. ETRADE Financial primarily provides its
services through its Web site at etrade.com, as well as through its network of
customer service representatives, relationship managers, and investment
advisors. The company was founded in 1982 and is based in New York, New York.
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 (TTWO) Close $15.59 No change in comment "TTWO is trading at resistance $16 looking like it wants to make a needed correction. A correction into the 14s is ahead." Previous Comment "TTWO is in a bullish move higher so watch for a pullback on any market weakness ahead. The $16.00 to $16.50 range is considered resistance." Chart Take-Two Interactive Software, Inc. publishes, develops, and distributes interactive entertainment software, hardware, and accessories worldwide. The company develops and publishes software titles for various gaming and entertainment hardware platforms, including PlayStation3 and PlayStation2 computer entertainment systems, PlayStation Portable system, Xbox 360 video game and entertainment system, and Wii and DS systems, as well as for the personal computer and games for Windows.
Web Site:
http://www.take2games.com
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 (BAC) Close $8.00 No change in comment "BAC is slightly short term overbought. If the markets correct BAC would look attractive for entry. The move from $5 to $8 was significant and a slight correction is needed. The $7 area is first support then $6.50 so we could look at those supports as buy in targets." Chart Previous Comment "BAC is slightly toppy with a possible correction taking place on market and banking sector weakness. I wouldn't get in a rush at $7.29 but look for a possible test of the 50DMA apx, 5.90." Chart Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The company's Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Web Site: http://www.bankofamerica.com
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 (RIMM) Close $15.25 Earnings 3/24 No change in comment "RIMM is in play but have some guts because RIMM is news driven one way or the other. I still believe RIMM is worth over $20.00 so that is my target in 2012." Previous Comment "RIMM continues to get attention. RIMM is a little toppy but looks like it might move back over $20.00 before earnings. Rumor should continue to be circulated to keep RIMM in play." Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company, through the development of integrated hardware, software, and services, provides platforms and solutions for seamless access to time-sensitive information...The company markets and sells its BlackBerry wireless solutions primarily through global wireless communications carriers, and third party distribution channels. Research In Motion Limited was founded in 1984 and is headquartered in Waterloo, Canada. Web Site: http://www.rim.net
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 (IDCC) Close $38.89 Earnings 2/20 No change in comment "IDCC just doesn't know what direction it wants to move. The chart remains weak but the Stochastic is oversold showing this $35 area as support." Previous Comment "IDCC is building strength headed back towards $40.00. I don't see any hidden surprises ahead so it should move back into the mid $42 range before earnings are actually reported." InterDigital, Inc. engages in the design and development of digital wireless technologies for use in cellular and wireless IEEE 802 related products. It also develops solutions for enhancing bandwidth availability and network capacity, wireless security and seamless connectivity, and mobility across networks and devices.
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 (CROX) Close $21.43 Earnings 2/24 No change in comment "CROX has a nice looking chart going into earnings. It looks like traders are expecting a move higher when earnings come out. Back to $14 or back to $25 going to get interesting" Chart Previous Comment "CROX made a move over $20.00 today closing at 19.78, not bad for a stock that crashed to $14.00 recently. If the markets cooperate CROX should test $21.00." Chart
Crocs, Inc. is a designer, manufacturer and retailer of footwear for
men, women and children under the Crocs brand.
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 (AMD) Close $7.51 "AMD continues higher but at $7.50 is hitting resistance." Chart
(AMD) Advanced Micro Devices, Inc., a semiconductor company, provides
processing solutions for the computing, graphics, and consumer electronics
markets in the United States, Canada, Europe, and Asia. It offers
microprocessor products, including servers and workstation microprocessors,
notebook microprocessors, and desktop microprocessors; embedded processor
products; chipset products, including IGP and discrete chipsets; and graphics
products, such as 3D graphics, and video and multimedia products for use in
desktop and notebook personal computers (PCs), including home media PCs,
professional workstations, and servers, as well as technology for game
consoles.
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 (F) Close $12.69 No change in comment "It's going to be interesting as F moves into the Spring car season. Late Spring has car dealers putting huge incentives on cars to move them out getting set up to bring on next years inventory. Incentives cut into profit margins. I like F out of all the car companies for stability but another leg higher once again would put it up against resistance suggesting time to just set back and watch. No alarm if you hold it for the dividend." Chart Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector sells vehicles under Ford, Mercury, Lincoln, and Volvo brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments.
Web Site:
http://www.ford.com
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 (CMCSA) Close $28.72 "CMCSA had earnings but not the best so the stock stalled on the gap. It had a nice move but with market weakness a correction should materialize at 28.75ish." Chart
Comcast Corporation, together with its subsidiaries, provides consumer
entertainment, information, and communication products and services to
the residential and commercial customers in the United States. The
company operates in two segments, Cable and Programming. The Cable
segment manages and operates cable systems, including video,
high-speed Internet, and phone services, as well as regional sports
and news networks. Its video services include analog, digital, on
demand, and high-definition television and/or digital video recorders.
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 Close $12.40 No change in comment "ATVI doesn't know what way to go as it snakes sideways. I don't know a lot about this company but it could get interesting when earnings comes out." Previous Comment "ATVI is approaching earnings retesting support for the 3rd time in a bullish market climate. Keep a close eye for now on ATVI but watch it before you jump in. The MA trend points lower." Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile games of interactive entertainment worldwide. The company develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. The company also develops, markets, sells, and supports role playing action and strategy games, as well as develops, hosts, and supports its online subscription-based games in the MMORPG category. In addition, it involves in the distribution business that provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software and manufacturers of interactive entertainment hardware. The company markets its products to direct mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through direct basis, third-party distribution, and licensing arrangements. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
Web Site:
http://www.activisionblizzard.com
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 (JAZZ) Close $49.20 Earnings 3/05 "JAZZ looks like it wants to move back over $50.00. This has been my pick since $4.50 and readers should be pleased. It is hard to find this major percentage winners." Chart Previous Comment "JAZZ remains strong wanting to break through $50.00 but will market conditions allow it to do so. We are going to find out over the next two weeks depending on general market direction." Chart
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 (VCLK) Close $19.66 No change in comment "VCLK has eyes on it. I still think it's a buy-out target. Even if it isn't the chart and our experience with VCLK has been positive." Chart Previous Comment "VCLK has eyes on it. I still think it's a buy-out target. Even if it isn't the chart and our experience with VCLK has been positive." Chart ValueClick, Inc. provides online advertising campaigns and programs for advertisers and advertising agency customers in the United States and Europe. It operates in four segments: Media, Affiliate Marketing, Comparison Shopping, and Technology. The Media segment provides a range of online media solutions in the categories of display/Web advertising, lead generation marketing, email marketing, search marketing, comparison shopping, and promotional and industry-focused online content to advertisers and advertising agencies. It also sells consumer products directly to end-user consumers through its own e-commerce Web sites.
Web Site:
http://www.valueclick.com
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Disclaimer |
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