– The Stock Market Companion –
15MinuteStocks
Market Update
February 28, 2011
—— Stock Market Investing since the 1980’s ——
Published all Market Days
Monthly Subscription $29.95
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-Executive Summary-
- UP more. The broader market (SP-500) and secondary markets – DOW (DJ-30) and NASDAQ each pressed higher today. See more below.
- Our objective is to invest in stocks that have a very good reason to move higher, when the broader market is suitable for stock investments. Currently, we believe that the markets are at some risk to further unexpected events in the Middle East and spikes in energy prices. However, we like how Dell Inc. (Ticker: DELL $15.83/share) is performing and we may need to decide tomorrow whether we are going to buy shares of Dell following their excellent earnings report from a week ago. See more below.
- Click here to see our latest Stock Market Companion Video Update – How to Time the Market – which we posted today on YouTube. We cover one aspect of timing the market that we hope you will find very useful for years to come.
– 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 |
1,327.22 |
Index |
UP = +7.34 points |
DOW-30 |
12,130.45 |
Index |
UP = +95.89 points |
NASDAQ |
2,782.27 |
Index |
Flat = +1.22 points |
NASDAQ 100 |
2,350.99 |
Index |
Flat = +4.70 points |
– Market Trends –
Trend |
SP-500 |
DJ-30 |
NASDAQ |
NASDAQ 100 |
Short Term |
Down/Flat |
Down/Flat |
Down/Flat |
Down/Flat |
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 this chart of the broader market (Successful stock investors develop and start with a minds-eye view of the broader market and keep it clear) –
1. SMC SP-500 ETF Daily Chart (Click to open helpful chart in a separate browser window).
– Today’s Highlights –
At this point in the overall market’s development, we are not overly excited about engaging the markets here. No one knows if another “shoe” is going to drop in the Middle East. On the other hand, we don’t want to miss good opportunities.
Today, investors remain fixed on events in the Middle East and remain cautious. Today marks the end of the first quarter and as such there are many institutional funds that are invested in stocks today – in order to be able to tell their investors that they were holding stocks during this strong rally – who may be looking to make money on their gains in the next week. We’ll see.
– Story-Stock Investing –
On Friday we reported that, Intel Corp. (Ticker: INTC $21.47/share) received a very favorable upgrade and a target of $27/share. The stock moved up strong higher on Friday – back up close to the $22/share. Today however investors weren’t quite as enthusiastic with the stock, and sold it down $0.39 cents. Intel is trading in what we call “no-mans land”, where there is more risk than reward in holding the stock. Until the stock begins pushing higher than $22/share, we’re content on simply observing the stock. A move above our recent sell-point of $22.12/share would have us interested.
We like how Dell Inc. (DELL $15.83/share) advanced strongly today, after giving early investors now approx. 7 days to sell their shares and take their profits after Dell’s strong gains following their excellent earnings report. There hasn’t been too much profit taking, so we too may join in soon with an investment in DELL with expectations for higher share prices to come. Michael Dell is working hard to turn his company around.
Our old-idea Ford Motor Co. (F $15.05/share) has our attention at the $15.04/share line. We like it because we believe the company is “hitting on – almost – all cylinders”, that the automotive industry may be in the early phases of a cyclical turn around, the stock is approx. -20% from its recent highs, there is a reasonable close-in “stop” that we can place, AND the stock is at very significant support at the $15/share line.
We’re watchful of a micro-cap stock that has gone “wild” over the last week – Royale Energy Inc. (Ticker: ROYL $5.99/share). If the stock can build a tight consolidation at its current price area of around $6/share, this one could rip higher. On the other hand, a stock like this can also disintegrate quickly, so we are simply bringing it to your attention. One thing is certain, it is not the next Apple Corporation. It may simply be making a strong move because they have tapped additional gas reserves and publicized this event – at precisely the same time that the entire energy sector has gotten a push higher with the trouble in the Middle East.
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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) |
– 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 |
1.3806 USD = 1 Euro |
USD / EUR |
Dollar = Down |
Gold |
$1,409.90 |
Ounce |
Gold = Flat |
Oil |
$96.87 |
Barrel (West Texas Crude) |
Oil = Down some |
30 Yr. Fixed Mortgage |
4.87% |
Percent |
Down a Bit |
10 Yr. Bond Yield |
3.414 |
Percent |
Flat |
1 Yr. CD |
1.16 |
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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