– The Stock Market Companion –

15MinuteStocks

Market Update

March 2, 2011

—— Stock Market Investing since the 1980’s ——

Published all Market Days
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-Executive Summary-

  • Flat to slightly higher!  The markets held on – in spite of increasing oil prices.  Oil closed today above $102/barrel for the first time since 2008.   Gold also is soaring to a new All Time High at $1436/once.
  • In sharp contrast to other times of global crisis, the U.S. Dollar is NOT attracting buyers.
  • We highlight a new company – Silicon Image Inc. (Ticker: SIMG $9.69/share) that has just landed an Apple Inc. iPad debut today (surprising everyone) with its high definition electronics IC connection device.  Apple will begin selling the device on March 11th.  A move above $9.98/share and at least modestly stable conditions of the broader market will get us on board.  See more below.
  • Zagg Inc. (Ticker: ZAGG) stock was punched in the nose today, losing -23% in value when Apple Inc. unveiled its own iPad cover that’s cheaper and more functional than Zagg’s.  We exited Zagg on 1/19/2011 for a +5.7% profit when selling emerged in the stock.
  • Click here to see our latest Stock Market Companion Video Update – How to Time the Market – which we posted 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

1,308.44

Index

Flat = +2.11 points

DOW-30

12,066.80

Index

Flat = +8.78 points

NASDAQ

2,748.07

Index

UP = +10.66 points

NASDAQ 100

2,326.77

Index

UP = +11.51 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 –

From our in-depth perspective of over two decades involvement with the stock market, we see the events of the past month in the Arab world – beginning with Egypt and now having spread to other countries, and the markets response to these events as truly remarkable.  The stock market has been very resilient.   To give you an idea of how resilient the market has been, consider that oil has advanced +19% or almost $20/barrel in sudden moves and the cost of gasoline here where we live is now $3.45/gal. – yet the overall market is holding up very well – so far.  The DOW (DJ-30) is still approx. 500 points above its December. 31st highs.  The DOW has only given up about -325 points off its recent highs.  That’s not much.

Nonetheless, there is likely more of a pull-back in store for the markets before large investors begin climbing back on board.   We’ll see.

– Story-Stock Investing –

Our large cap stock ideas – Dell Inc. (Ticker: DELL), Intel Corp. (INTC), and EBAY (EBAY) each held on well today.  We’re watchful.  We’re keeping watch on a bunch of other ideas too.

Here’s an important one that we will purchase on a move above $9.98/share – Silicon Image Inc. (Ticker: SIMG $9.66/share).  It’s close now.  Today, Steve Jobs unveiled the new iPad 2.  According to Briefing.com, the new iPad will have an accessory that supports HDMI (High Definition Multimedia Interface) – which allows for the iPad to be extended onto a separate monitor.

We called the Apple store to confirm this and they are quite excited about this feature add-on because many people have complained about the lack of this functionality.  This means that all applications on the iPad will now be able to be presented on a separate screen.

The developer and marketer of this technology is Silicon Image Inc.  The stock moved UP +21% on this news today, but it is still selling for less than $10/share.

Silicon Image Inc. (SIMG) has just 78 million shares outstanding and a float (shares available to the public) of 73 million shares.  So it can really move if institutions get behind it.

With Apple Inc. announcing its adoption of this HDMI standard for mobile devices, others manufacturers may follow.

Meanwhile, former Stock Market Companion stock holding ZAGG Inc. (Ticker: ZAGG) was crushed today for -23% as Apple revealed its own protective cover for the iPad.  Remember, we exited this stock for a +5.7% profit when it began to sell off on 1/19/2011.  Due to various uncertainties, upcoming earnings announcement, AND its awful performance after a debut on OPRAH! (normally a stock should do well after an endorsement on OPRAH) – we’ve simply kept our hands off ZAGG.  Today the stock closed at $7.07/share.

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

1.3866 USD = 1 Euro

USD / EUR

Dollar = Down

Gold

$1,437.70

Ounce

Gold = UP at all time highs

Oil

$102.43

Barrel (West Texas Crude)

Oil = UP

30 Yr. Fixed Mortgage

4.87%

Percent

Down a Bit

10 Yr. Bond Yield

3.46

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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