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First Alert Stocks, OTC Stock Reporter, Willy's Financial Terminal and Willy's First Alert Stocks are owned by First Alert Financial LLC.

Thank you,

Harold Engel 

 

 

Market Review

 

Readers,

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.

My future outlook for the U.S. economy continues to remain bullish as growth slowly builds going into 2013. Our employment/jobs report showed jobs being created. I understand many of you don't agree with these reports but that works both ways. Since Bush has left his troubles to Obama the economy has been on the mend. Yes our 13 trillion national debt is crazy but we had no choice but to partially buy our way out of economic catastrophe. If the U.S. economic healing isn't derailed by a new president with new ideas I continue to believe our economic future is going to just get better over the next 5 years.  I continue to hold that Obama will be elected to a second term (very close election) and by the end of his second term the INDU/DOW will hit all time highs around 14,500.  I wrote this 4 years ago when Obama was elected and still predict it is plausible.

"Always be ahead of everyone else by "Being First With First Alert"."

Stay strong and protect your wealth

Thank you,

Harold


Nasdaq Hits 11-Year High As Stocks Rally On Jobs Report

The Nasdaq shot up to an 11-year high after employers added more workers than expected last month and the unemployment rate fell to nearly a three-year low, fueling sentiment that the world's biggest economy is gathering steam.

The tech-laden Nasdaq was up 1.6% in late afternoon trading, hitting its highest level since December 2000. The S&P 500 rose 1.4% and the Dow Jones industrial average increased 1.2%. Volume was tracking moderately higher across the board.

Wall Street cheers surprisingly good jobs data

By MarketWatch

MARKETWATCH FRONT PAGE

Stocks rally as Wall Street greets a January employment report that came in better than expected. See full story.

Employment up nearly 2 million since summer


Mid Week Comment

After a slow start the markets came out Wednesday bullishly moving higher. Earnings are coming in on target for bigger cap companies adding the fuel to the upward bias. Adding in all the Facebook hype the markets have resumed upward bias into February.

I read a lot about Golden Crosses and my readers were made aware of this term a couple months ago. If someone doesn't think technicals aren't important they lack a key to serious investing. I like to see the cross short term 50dma/13dma as long term develops 200dma/50dma. Yes looking short term keeps my readers first with First Alert.

Weekly Comment 1/28

Many companies reported earnings this week and many were better then expected . Many more major companies report next week so the week should be exciting. Two factors ahead that will be wild catalysts are the U.S. Elections and the European debt issues especially with Greece still needing to FIX their debt issues. The Euro has stabilized and is showing some strength, good for the EuroZone countries. The U.S. should have continue moderate economic growth throughout 2012. The economic stability should keep markets from making a major correction near term. Keep in mind once earnings slow, late February, it's a time the markets correct waiting for 1St Q reporting to start up in  mid April. Last year the markets steamrolled right through until July then took a 10% correction. I do expect another 10% correction in the future but not tomorrow.

(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

 

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."

 

News Headlines

 

More Stock News »

 
Source Yahoo Finance

INDU (DOW Jones)

INDU    

Gain/Loss + 201.77

Week Close  12,862.23

The INDU started the week churning building news driven strength charging to a 12,862.23 close + 201.77 gain for the week. Here is a link to a 3 year chart showing the recovery since the INDU crashed from 14,850 to 6469 3 years ago.  You can tweak the chart time frame to 1.6 and see a close picture where the INDU is currently trading in relationship to the previous top of 12,876, chart.

Looking at a 6 month chart the MACD remains flat oscillating sideways as the INDU moved higher. The Fast Stochastic is now in positive territory with the Slower Stochastic coming higher. The Fast S is starting to get overbought but the Slow F does have room to move higher.  The INDU wants to break higher testing highs possible moving towards 13,000 but to move over 13,000 it would take some seriously bullish news. The markets are currently news driven with somewhat bullish earnings this week assisting the test of 12,876 previous 3 year high.  I am looking for a choppy INDU next week with upward bias but testing 3 year highs as resistance. The current BB mean is 12,603. Stay alert for any upsetting news. This could start a correction now that the INDU is hitting highs. No markets go straight up but the INDU does have a nice pattern at this time.  Chart

Mid Week Comment

I used this chart today so readers can get a good look at the direction the INDU wants to move. The markets want to break higher with a euphoric mannerism. Is this good? Short term it's good but never forget what happened last yea in late April as 2nd Q earnings started. The INDU corrected getting a upward jolt as earnings started but in July in crashed 10%+ and everyone was running for the hills. I am seeing a similar set-up coming in April/May. Also watch for a correction towards the end of 1st Q reporting towards end of February/March.  Even after the rally today, Wednesday, and what is ahead as bigger listed companies report the markets will slow into March. Short term the INDU wants to churn higher, somewhat toppy, about to test last years high of 12,876 resistance area.   Chart Link

Weekly Comment 1/28

Gain/Loss - 60.02

Last Week Close  12,660.46

The INDU lost 60 points this week closing at 12,660.46. After three straight weeks of gains the close was acceptable. With all the companies reporting next week it will be interesting to see if we see further weakness on this top Monday and Tuesday as earnings pick up throughout the week. The new mean is 12,511 with a correcting Stochastic and flat MACD. My call is for a choppy INDU next week. If any negative catalysts comes out of Europe it might affect and support moving higher this week.     Chart Link

Close: 12,862.23
+ 156.82


COMPX (Nasdaq)

Nasdaq   

Gain/Loss + 89.11

Week Close 2,905.66

The Nasdaq closed at 3 year high at 2.905.66 gaining + 89.11 for the week. The Nasdaq reporting companies mid week catapulted the Nasdaq higher. The Nasdaq is now overbought but the 6 month chart looks like it wants to test 3,000.  A slight pause is coming but earnings are still coming in until they slow towards the end of the month. Stay alert not that the Nasdaq is breaking through old highs. The U.S. economic outlook is good but I am seeing adjustments in earnings for 2013 made in reports. Accumulation remains high and all indicators are pointed higher. The Nasdaq should churn next week looking for a direction hitting resistance under 3,000. Never hurts to lighten up winning positions into a toppy bull market run like we had this week.  Chart Link

Mid Week Comment

The Nasdaq chart is looking toppy when looking at the one year chart. Last years top was 2887.75 and currently it's within reach but the chart and indicators suggest a churning Nasdaq ahead correcting into end of February/March Chart Link

Weekly Comment 1/28

Gain/Loss + 29.86

Last Week Close 2,816.55

The Nasdaq had a good week as earnings allowed the Nasdaq to close + 29.86 at 2,816.55. The Nasdaq is has many companies still reporting into mid February. The current indicators suggest a slightly correcting MACD with a flat Stochastic as accumulation starts to slow. The 2800 area was toppy and remained toppy this week suggesting resistance as traders watch carefully for the direction the Nasdqq will move into February.  Chart Link

Close: 2,905.66
+ 45.98


Russell 2000

Russell 2000  

Gain/Loss + 32.26

Week Close 831.11

Ca Ching the Russell is now closing above 800.  With an impressive gain of + 32.26 closing at 831.11 the Russell is closing in on a 3 year top at 868. Tops are made to be broken but they are also made as resistance points so watch the Russell Indices carefully it is partially driven by the overall direction of the other Indices therefore watch for a choppy Russell  next week as it mo0ves with the other Indices.  Chart Link

Mid Week Comment

The Russell broke through the 800 resistance area.  The MAs, Chart and Indicators are pointed higher short term. 

Weekly Comment 1/28

Gain/Loss + 14.24

Last Week Close 798.85

The Russell closed green this week gaining + 14.24 trying to close the week positively at 798.85. The Russell is slightly overbought riding the high side of the envelope. The MAs are all bullish pointed higher so on corrections the Russell should be attractive. The Russell should churn moving over 800 this coming week and close above 800 unless the overall market have a major correction.   Chart Link

Close: 831.11
+ 18.22


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."


Currencies

 

Currency   Pair      Price   Change   %Change   Day Range   52 Week Range

EUR/USD 1.3160 +0.0014 +0.1065% 1.3098 - 1.3186 1.2627 - 1.4247

 USD/JPY 76.6050 +0.4115 +0.5401% 76.1695 - 76.7350 75.6190 - 79.4975

GBP/USD 1.5810 +0.0004 +0.0244% 1.5755 - 1.5854 1.5242 - 1.6165

AUD/USD 1.0762 +0.0056 +0.5231% 1.0676 - 1.0793 0.9664 - 1.0793

USD/CAD 0.9936 -0.0057 -0.5704% 0.9927 - 1.0033 0.9893 - 1.0524

USD/CHF 0.9178 +0.0011 +0.1200% 0.9140 - 0.9208 0.7070 - 0.9776


First Alert Stocks™ of Interest

 

AMEX Listed Stocks

QPSA: QPSA is a Social Media play Listed on the AMEX. I think many are now seeing why I have kept QPSA in this newsletter. QPSA should feed of the FaceBook IPO hype for weeks to come. Previous comment: "AS QPSAs  2012 earnings approaches the share price should move off support apx. $3.00." Earnings 2/06  Close $4.64

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 $7.79

 


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 .0299

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 .0069

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 .43

HUDRFGreenland Rare Earth Play. This company is drilling rare earth targets in Greenland.  Close .469

(Full Disclaimer Applies)


Big Board Stocks of Interest

Earnings Calendar Starting January 23 2012

http://biz.yahoo.com/research/earncal/20120123.html

I Will Soon Change Charting When Feed is Lost.

 


NEW

JBLU

Close $6.22

No change in comment

"JBLU continues to catch the eyes of investors. It should be looked at when it corrects. Interesting company."  Chart

Previous Comment

"JBLU caught my attention this week when they announced earnings. I think it's time we start following it as it corrects. I think there is a trade here so lets see what happens with the share price before anyone just jumps in. I did provide a chart link so you can see the possible pattern that might show itself. The current close at $5.81 is toppy and should correct so watch for a correction entry for anyone that wants to follow a growing airline stock/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
Web Site: http://www.jetblue.com
News Link:
http://finance.yahoo.com/q?s=JBLU&ql=0

 

 

(SIRI)

Close $2.15

Earnings 2/13

"SIRI is acting perfectly moving into earnings. The short term trend is higher and SIRI could quickly test the $2.30 area."

(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.
 

Chart: Chart
Web Site: http://www.siriusradio.com
News Link: http://finance.yahoo.com/q?s=SIRI


(ETFC)

Close $9.20

"ETFC came off bottom moving back over $9.00. Earnings were ho hum but the correction was a little overdone. ETFC, depending on general market conditions should move into the $10.50ish range. To move above this would take a major news release and I don't see it coming unless someone buys them out."   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.

Chart: Chart
Web Site: http://www.etrade.com
News Link: http://finance.yahoo.com/q?s=etfc


(TTWO)

Close $16.20

"TTWO is trying to test highs but sellers are there waiting. The trend is higher and with a major market correction traders see TTWO has upward moves."

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.

Chart: Chart
Web Site:
http://www.take2games.com
News Link:
http://finance.yahoo.com/q?s=TTWO&ql=0

 


(BAC)

Close $7.82

"BAC is showing momentum moving towards $8.00. At $5 BAC was oversold and now that tax loss selling is over BAC has firmed up breaking through $7.75 resistance. I still think $10.00 is very likely in 2012. BAC should be looked at on the next major market correction for entry."   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.

Chart: Chart
Web Site:
http://www.bankofamerica.com
News Link:
http://finance.yahoo.com/q?s=BAC&ql=1

 


(RIMM)

Close $16.95

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.

Chart: Chart
Web Site:
http://www.rim.net
News Link: http://finance.yahoo.com/q?s=RIMM&ql=1

 


(IDCC)

Close $39.83

Earnings 2/20

No change in 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."

Previous Comment

"IDCC announced a earnings projection, not bad, but it created selling catching shareholders off-guard.  Once this shock wears off IDCC should move back over $40.00."

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.

 

 


(CROX)

Close $20.42

Earnings 2/24

"CROX closed slightly over $20 Friday. The trend is higher but short term toppy as it heads towards the $21.00 area."

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

Previous Comment

"CROX made a move but is somewhat toppy around $19.00. The $21.00 area is likely before earnings but I consider that resistance."

Previous Comment

"CROX is making a nice rebound in a bullish market. A Golden Cross is coming and this could push CROX back towards $20.00."  Chart

Crocs, Inc. is a designer, manufacturer and retailer of footwear for men, women and children under the Crocs brand.
All Crocs brand shoes feature Crocs’ proprietary closed-cell resin, Croslite, which represents a substantial innovation in footwear. The Croslite material enables Crocs to produce soft, comfortable, lightweight, superior-gripping, non-marking and odor-resistant shoes.

Web Site: http://www.crocs.com
News Link: http://finance.yahoo.com/q?s=CROX


(AMD)

Close $7.10

No change in comment

"AMD is now testing resistance. I would be taking some money off the table around $7.00."  Chart

Previous Comment

"AMD has made everyone trading it money. The top was reached this week so watch it for a correction. I like $5 but doubt AMD will see that again until later 2012."   Chart

Previous Comment

"AMD made a nice move going into earnings.  It looks like AMD would like to move to the $6.75 area but I consider that 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.

Web Site: http://www.amd.com
News Link: http://finance.yahoo.com/q?s=amd


(F)

Close $12.81

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
News Link:
http://finance.yahoo.com/q?s=f


(CMCSA)

Close $27.15

Earnings 2/13

"CMCSA has made a nice move hitting short term highs. This is a seriously watched company with earnings coming combing the recent  merger. 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.

Website: http://www.comcast.com
News Link: http://finance.yahoo.com/q?s=CMCSA


Close $12.28

Earnings 2/06

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."

Chart

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
News Link: http://finance.yahoo.com/q?s=ATVI&ql=1


(JAZZ)

Close $48.01

Earnings 3/05

No change in 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

Previous Comment

"JAZZ has made another attempt at $50 and is now looking for support."  Chart

(JAZZ) Jazz Pharmaceuticals - integrating innovative products with valuable programs and resources to benefit patients in neurology and psychiatry. We are a specialty pharmaceutical company that identifies, develops and commercializes innovative products to satisfy unmet medical needs in neurology and psychiatry.

Our unwavering commitment to improving patient care is demonstrated every day through unique patient and physician programs and our ongoing collaboration with patients, physicians and advocacy groups. Building collaborative relationships that foster innovation is the key to our success.

Web Site: http://www.jazzpharmaceuticals.com
News Link: http://finance.yahoo.com/q?s=JAZZ


(VCLK)

Close $18.742

Earnings 2/13

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 a nice looking chart as they approach earnings. The accumulation suggests the stock price should be looked at on all pullbacks." 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
News Link:
http://finance.yahoo.com/q?s=vclk


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