– The Stock Market Companion –

15Minute Market Update

July 14, 2011

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

Published all Market Days
Monthly Subscription $29.95

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-Executive Summary-

  • The markets were down, following yesterday’s inability of the markets to hold their gains from the morning.  Overall the markets are simply not certain what to do next, in light of upcoming uncertainty centered on U.S. sovereign debt.   See below.
  • Apple, Inc. shares came within a whisker of all time highs today, moving UP to $361.61/share, before sinking back to close BELOW yesterday’s close.  This may signal some near term weakness in the shares to come.  We will continue to hold our shares, while also noting that it is never a mistake to take profits.
  • OCZ Technologies (OCZ $10.27) moved higher again and looks good.
  • After hours today, Google, Inc. (GOOG $528.94) posted excellent earnings.
  • Please click here to send us your feedback.  Let us know how we are doing – We are here to serve you. Support@Stockmarketcompanion.com

– Stock Market Companion – Current Holdings –

Nr. Co. Ticker Action Entry Date Current Gain (Loss)
1 Apple, Inc. AAPL Holding 6/20/2011 +13.2%

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

1,308.87

Index

UP= -8.85 points

DOW-30

12,437.12

Index

UP= -54.49 points

NASDAQ

2,762.67

Index

UP = -34.25 points

NASDAQ 100

2,325.06

Index

UP = -27.37 points

– Market Trends –

Trend

SP-500

DJ-30

NASDAQ

NASDAQ 100

Short Term

Flat/Down

Flat/Down

Flat/Down

Flat/Down

Intermediate

Flat

Flat

Flat

Flat

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) –

SMC SP-500 ETF Daily Chart

Please click on the chart to view it in a larger size.

– Today’s Highlights –

The market was knocked down a bit again today.  A good visual on this is the fact that there were NO sectors of the market that advanced.

There is simply an over-dose of turbulence in the markets currently – generated primarily by the uncertainty of what the final results will be coming out of our U.S. congress and the hope for REAL progress on reducing deficit spending in exchange for raising the debt ceiling.

While during the trading day, Google, Inc. (Ticker: GOOG $528.94) was down rather firmly, in after hours trading shares of Google have bounced +12.3%, based on their favorable earnings released after the close.  This should have a favorable impact on the market tomorrow.

– Story-Stock Investing –

Shares of SMC “story-stock” OCZ Technology Group (OCZ $10.60) moved nicely higher today.  Those subscribers on board from our comments last week are enjoying a good advance.  We are however cautious with this overall market and observing this one from the sidelines.

More tomorrow.

 

Here is a chart of the Stock Market Companion 15Minute Market Update stock performance versus the SP-500.  Click on it to 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 the 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

1.4167 USD = 1 Euro

USD / EUR

Dollar = Flat / UP

Gold

$1,583.20

Ounce

Gold = Flat

Oil

$95.83

Barrel (West Texas Crude)

Oil = UP

30 Yr. Fixed Mortgage

4.69%

Percent

Flat

10 Yr. Bond Yield

2.96

Percent

Flat

1 Yr. CD

1.16

Percent

Flat

Data Source : Financial Visualizations Inc.

Please help us by sending your valuable feedback to – Support@stockmarketcompanion.com

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.

  • The markets were AGAIN divergent today, just as yesterday revealing further weakness in the technology sector while the broader market (S&P 500) and the DOW (DJ-30) held POSITIVE.
  • Research in Motion (Ticker: RIMM $27.75) reported earnings last night that were a major disappointment.  We go through the details below.  The company received 2 broker upgrades going into earnings.  The stock then lost -21.45% from yesterday’s close into today.  We go through our steps in handling our brief investment in the stock this last week – AND WHY, below.
  • Crude oil continued to descend today, reflecting a drop in value of the U.S. dollar – BUT also  concern of future demand as the global economy slows down.
  • The S&P 500 is finding support at its 200 day exponential moving average.  If the broader market doesn’t find strength here and begins to sink further, the next near point of support is the low it plumbed during the recent nuclear crisis in Japan.  If it fails that point, then the intermediate term trend will be DOWN.
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