-Executive Summary-

• Up a bit.  The markets drifted higher in the absence of a clear catalyst.
• We highlight a favorable move today in Amarin Corp. PLC (Ticker: AMRN) which appears may be setting the foundation for a continuation move HIGHER for the stock.  See below.
• Today we made no investments in the market.
• Here is a video interview of a father and son using the Stock Market Companion successfully together – as a teaching and investing tool.
  

– Stock Market Companion – Current Holdings –

Nr.	Co.	Ticker	Action	Entry Date	Current Gain (Loss)

If the above “Current Holdings” table is empty it means that we are not holding ANY stocks at this time and that we are therefore 100% in cash.

– 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	1,346.29	Index	UP = +6.09 points
DOW-30	12,684.68	Index	UP = +45.94 points
NASDAQ	2,843.25	Index	UP =+15.69 points
NASDAQ 100	2,390.97	Index	UP = +7.79 points

– Market Trends –

Trend	SP-500	DJ-30	NASDAQ	NASDAQ 100
Short Term	Down	Down	Down	Down
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 –

Today was a rather lackluster day with an upward bias.  The market feels like it is biding time, and here’s what for –

The BIG question in the professional investing environment is  – “What is the investing world going to look like when the Federal Reserve stops pushing liquidity into the system with their treasury bond purchases?”

Because no one knows the answer to this rather large question, we are entering now into a realm of uncertainty.  Uncertainty is for the market what kryptonite is to Superman – it saps its strength.

That being said, there are still good looking chart patterns out there.  We’ll cover one of these below.

– Story-Stock Investing –

Three weeks ago we highlighted the company Amarin Corp, PLC (ADS).  It is a development stage pharmaceutical company based in Ireland.  Here’s our highlights on this stock from our April 18th 15Minute Market Update –

There continue to be excellent things being developed and produced out of Ireland, although the country’s financial situation is in shambles.  I made my first business trip to Ireland in 1991, and worked with wonderful Irish people to create excellent manufacturing operations to serve mainland Europe with product from Co. Louth through 1997.

Today,  Amarin, Corp. PLC (Ticker: AMRN) – an Irish pharmaceutical development company announced very positive results from their testing of their heart medication.  The stock VAULTED +98% on the news.   Excellent.

Remember, when you see eye-popping one day launches like AMRN results today – there have been 10 other companies that have disintegrated on not meeting testing end-points / objectives.

Click here for a mainstream news article on today’s event at AMRN.

Click here for the link to AMRN’s strategy page on their website.

AMRN has approx. 106 million shares outstanding, but only approx. 22 million of those available to the public (float).  So AMRN falls into the small float category that can really rocket higher if big investors get behind the company.  Today allows us to begin to gauge institutional investor interest – once the early adopters take their profits.

AMRN’s medication reduces high triglyceride levels in the blood.  According to the American Heart Organization, triglycerides is the chemical form in which fat exists in food. Click here for more info.

AMRN closed at approx. $17/share today.  We will see how the stock performs before establishing a start position.  This is a very interesting development and could lead to very strong stock appreciation.  There are few publicly traded stocks with these types of fresh developments available to institutional investors who are currently chock-full of Microsoft and other leading stocks from the 1990’s.

Today the shares of AMRN began moving higher out of its lateral consolidation. Click here for our SMC daily chart of AMRN. We may have to get on board this one quickly tomorrow.  Any investors establishing an investment in this stock will need to be able to give this stock the room to move down to about $14.60/share before triggering a stop.  $14.63 was the lowest intra-day price in the shares since the stocks gap-up on April 18th.  That number and point serves as a suitable place to begin referencing a stop.

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 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 : 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.

– 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	1.4339 USD = 1 Euro	USD / EUR	Dollar = Flat to down a bit.
Gold	$1,510.90	Ounce	Gold = Modest bounce higher.
Oil	$101.10	Barrel (West Texas Crude)	Oil = Modest bounce higher.
30 Yr. Fixed Mortgage	4.69%	Percent	Flat
10 Yr. Bond Yield	3.14	Percent	Flat
1 Yr. CD	1.16	Percent	Flat

Data Source : Financial Visualizations Inc.

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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.