– The Stock Market Companion –
15MinuteStocks
Market Update
December 9, 2010
—— Stock Market Investing since the 1980’s ——
Published all Market Days
Monthly Subscription $29.95
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-Executive Summary-
- Markets = UP/FLAT and UP AT THE CEILING of the 2 Year Highs! See more below.
- The SP-500 – representing the broader market – crossed into 2 year highs today!
- We’ve included several stock ideas that we are considering for immediate entry. See below.
Do you know someone who has a Roth IRA or traditional IRA that needs some real growth, or someone unhappy with their over-diversified mutual funds which get them nowhere yet keep them continuously at risk to the overall market? Share the great story of the Stock Market Companion with them.
– Markets “At a Glance” –
(Please scroll down to the end of the report to see your favorite benchmarks – Dollar, Oil, Gold … closing prices and daily direction.)
Market |
Price (Today’s Close) |
Unit of Measure |
Today’s Direction |
SP-500 |
1,233.00 |
Index |
UP = +4.72 points |
DOW-30 |
11,370.06 |
Index |
Flat = -2.42 points |
NASDAQ |
2,616.67 |
Index |
UP = +7.51 points |
NASDAQ 100 |
2,201.57 |
Index |
Flat = +.97 points |
– Market Trends –
Trend |
SP-500 |
DJ-30 |
NASDAQ |
NASDAQ 100 |
Short Term |
Lateral |
Lateral |
Lateral |
Lateral |
Intermediate |
UP |
UP |
UP |
UP |
Long Term |
Lateral |
Lateral |
Lateral |
Lateral |
*Summary of terms from Trader Vic II-Principles of Professional Speculation (pg. 140-141)
*_________* Represents a change in trend rating.
– Market Perspectives –
For your added perspective, we’ve included these two different views of the broader market –
1. SMC SP-500 ETF Daily Chart (Click to open helpful chart in a separate browser window).
2. SMC SP-500 Weekly Chart (Spanning back through 2007)
– Today’s Highlights –
The stock markets (SP-500, DOW-30, NASDAQ) are each absolutely flirting with 2 year highs. Many individual stocks look good. The Federal Reserve is doing all it can to encourage investment in areas beside bonds.
In the absence of some unexpected or half-expected geo-political mess (Iran, North Korea…), this is an excellent time to consider over-weighting stocks as an investment vehicle for the next year.
In the face of terrible news recently – international disappointment concerning the U.S. Federal Reserve’s decision, monetary tightening in China and elsewhere, European sovereign debt problems, possibilities of non-extension of Bush-era tax cuts … – the broader U.S. stock market has remained resilient.
Today, beaten up financial stocks like American International Group (Ticker: AIG) and Bank of America (BAC) did well.
Previous market leaders haven’t really gained much ground over the past weeks … Amazon.com, Chipotle Mexican Grill, Netflix… all have pulled back from their highs. Apple Inc. (AAPL) has simply stayed flat. Out of favor financial stocks have roared.
At the Stock Market Companion, we are putting our money to work prudently and will continue to do so.
– Story-Stock Investing –
We have leaned heavily on Bank of Ireland stock (IRE) and initiated a buy of Zagg Inc. at Stock Market Companion.
Here are some charts of Zagg Inc. (Ticker: ZAGG) that tell a bit more of the story and shows you why we made our purchase when we did …
We would have preferred ZAGG staying up at its highs for the day, above $8.50 – instead of pulling back to $8.25 – But it is a low float, fast moving stock.
In the absence of any geo-political upheaval we are considering an entry at the current prices on these stocks –
Ford Motor Co. (F)
Cisco Systems Inc. (CSCO)
and
American International Group (Ticker: AIG) – This stock is UP +13% on news that they are paying back the New York Federal Reserve Bank 20 billion. It has broken-out above its recent $46/share resistance. The tricky part here is identifying a suitable area for a stop-loss after such a strong move. We are going to see if we can find a way to get on board this one – presenting a suitable entry and stop loss.
On a side-note, it appears that Ireland has the same terrible problem with bonuses for financial service employees – the very ones who have steered the ship onto the rocks – that we have in America. While this is hard enough to take here in America, we wouldn’t be surprised if people take to the streets in Ireland and riot over this news. Simply unbelievable.
We also would like to bring to your attention a down-and-out retailer that appears to be getting itself strongly back on track = Wet Seal Inc. (Ticker: WTSLA). They surprised everyone on their 12/1 earnings call that their online revenues are growing very strongly. They also have approx. $2/share in cash and no meaningful debt. We may have to buy this one soon too before it get’s away from us at the Stock Market Companion. It closed today at $3.78/share.
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Please remember – at the Stock Market Companion we do not and cannot give individual investment advice. According to the State of Washington RCW 21.20.005 the Stock Market Companion is not a Registered Financial Advisor and we do not render any advice on the basis of the specific investment situation of a particular individual. This information is for a wide readership and is not intended for any particular individual, and under no circumstances should our SMC Intraday Update, SMC 15MinuteStocks Market Update or Watchlist be considered an investment recommendation or plan for any specific individual. By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties. Please seek the counsel of a broker or other licensed investment professional for accurate pricing and concerning the suitability of all investments that you may be considering. Disclosure : Please understand that the Stock Market Companion may hold positions in the above mentioned securities. Based on market related or personal events these positions may change without notice.
– Stock Market Companion – Current Holdings –
| Nr. | Co. | Ticker | Action | Entry Date | Current Gain (Loss) |
| 1 | U.S. Natural Gas ETF | UNG | SOLD 12/7/2010 | 11/22/2010 | +1% (Final) |
| 2 | Bank of Ireland | IRE | Holding | 11/29/2010 “Add To” on 12/6/2010 |
+58% |
| 3 | Zagg Inc. | ZAGG | Holding | 12/7/2010 | +4% |
– Stock Market Companion – Performance –
Please click on this chart to see the Stock Market Companion 15MinuteStocks stock performance versus the SP-500. It will open in a separate browser window.
* Gains (losses) do not include brokerage fees. Our returns are very strong … BUT … WE have to remind everyone just like all other financial sites in America – Past Performance is No Guarantee of Future Returns. Unlike others however, our objective is to teach you to be able to make these types of strong returns On Your Own.
All of the investments – stocks, entries, and exits are listed on our Stock Market Companion Watchlist at the bottom of the spreadsheet, in the section labelled Former Holdings.
– Benchmarks “At a Glance” –
US Dollar |
1.3243 USD = 1 Euro |
USD / EUR |
Dollar = UP a little. |
Gold |
$1,387.70 |
Ounce |
Gold = Flat/Up |
Oil |
$88.50 |
Barrel (West Texas Crude) |
Oil = Flat |
30 Yr. Fixed Mortgage |
4.67 |
Percent |
Flat to Down (At historic lows) |
10 Yr. Bond Yield |
3.22 |
Percent |
Flat |
1 Yr. CD |
1.36 |
Percent |
Flat |
Data Source : Financial Visualizations Inc.
Signing-Off for Today, Your –
Stock Market Companion
** Stock Market Companion Disclaimer **
The Stock Market Companion (SMC) Market Update and Watchlist are published documents to subscribers that show how we (SMC) are viewing the markets and what we are watching, investing in or selling today. This information is for a wide readership and is not intended for any particular individual, and under no circumstances should this Market Update or Watchlist be considered an investment recommendation or plan for any specific individual. By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties. You understand that the Stock Market Companion holds positions in the above mentioned securities. Based on market related or personal events these positions may change without notice.
Furthermore, the Stock Market Companion, Inc. is a content provider and publisher and not a registered broker-dealer or licensed investment professional. Our intent is to publish very accurate market information for an audience of subscribers (1000+ subscribers). By accessing the Stock Market Companion website and/or using the Stock Market Companion products and services such as this Market Update and accompanying Watchlist, you understand and agree that the material provided in the Stock Market Companion products and services is for informational and educational purposes only, and that no mention of a particular security in a Stock Market Companion product or service constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent any of the information contained in any Stock Market Companion product or service may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional to verify pricing information and to solicit advice as to the appropriateness of a given transaction or investment.
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