First Alert Weekly Market Review
Weekly Market Review Readers,
I want to welcome you to my free "First Alert" newsletter service. I send out a Daily Market Recap and a Weekly Market Recap under "First Alert". I also send many company profiles for investment consideration but the choice is ultimately yours to buy, trade, hold or sell a security mentioned. Do your due diligence and then do more due diligence making prudent investment choices. I will seldom write telling someone what to buy or when to sell what was bought. Those choices are your own.
First Alert Stocks, OTC Stock Reporter, Willy`s Financial Terminal, Willy`s OTCBB and Wall Street Terminal are owned by First Alert Financial LLC.
For subscribers that have sent me all the nice "get well emails" I want to think you. I am feeling much better since my heart operation on March 9th.
Thank you,
Harold Engel
The Week
It was an interesting week as the markets churned moving higher to be interrupted by Goldman Sacks being accused of fraud by the SEC Friday. The markets needed to slow down a little to create a new base. I`ll write more below in each section with a T/A. The economy is slowly coming back to life as homeowners start easing their fear of continued losing house values. In the area I live in headlines such as "March hone building better then expected" and similar upbeat headlines are starting to appear. I have written many times this is the United Sates of America not a ho hum country. Our citizens are resilient and don`t give up easily. I have had no doubt the economy would come back and we would overcome the banking debacle that put the markets in a tailspin in 2008.
My Obama Prediction Remains …I wrote this one month after President Obama took office and still hold to my prediction.
By The End of President Obama`s Second Term
INDU 14,500
Will Be Reached or Surpassed
My Favorite Quotes For All Those That Dream
Mark Twain wrote many years ago,
"Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great."
Thomas Edison wrote,
"Many of life`s failures are men who did not realize how close they were to success when they gave up."
News Headlines
ECB warns on European bank levy – AP
European Central Bank chief Jean-Claude Trichet warned Saturday that any new bank levy or tax to pay for future bank collapses had to be carefully designed not to interrupt global financial reform efforts.
Obama: Fresh crisis without new financial rules – AP
Toyota recalls 600,000 Sienna minivans – AP
Thousands stranded in Asia due to Iceland volcano – AP
SEC accuses Goldman Sachs of defrauding investors – AP
8 banks close in Calif., Fla., Mass., Mich., Wash. – AP
Impact of volcanic ash surfacing for US businesses – AP
Stocks tumble as Goldman charged with civil fraud – AP
Senators blast regulators for ignoring WaMu risks – AP
Treasury pay czar releases 2010 pay guidelines – AP
View more top stories
INDU (DOW Jones)
– 21.31
The INDU closed 11,018.66 losing – 21.31 for the week. Friday`s Goldman Sachs being accused of fraud sent the INDU lower but my readers have been warned that a correction is needed. It always takes some type of catalysts to move the markets in either direction. The fallout from the Goldman debacle could spill into next week taking the INDU under 11,000. The INDU is trading at the high end of it`s short term range so further correction could be good allowing the INDU to build a base. Keep in mind the indicators are all overbought but in a bull market climate they can remain overbought for weeks as the markets move higher. Earnings are just starting to come out and next week should show a picture of what lies ahead for all the markets as the Goldman situation is slowly defused by CNBC commentators. It`s evident Crammer and others from CNBC are not on the side of the SEC. Next week should be interesting so hang on, don`t be afraid if the INDU continues churning possible moving lower testing the 50 day MA. I do remain bullish long term, short term neutral. Last Week Close 10,997.35
The INDU has acted as I expected in my last Weekly Newsletter. I left my last commentary so we could look back a few week at what I wrote. I am bullish for the INDU for the rest of the year but keep in mind corrections are needed to allow a base to build for the next leg higher.
Currently the INDU is flat as the Stochastic is jiggy and the MACX has flattened out. Even with these neutral indicators the INDU could move higher but be cautious short term. The news effects the markets then the indicators lag behind the market reaction.
Close: 11,018.66
– 125.91
Daily INDU Chart
(Live Daily Updating Chart)
Source Clearstation.com
Dow Jones Industrials
MACD
STOCHASTIC
EMA 13
EMA 50
COMPX (Nasdaq)
– 27.21
The Nasdaq closed at 2,481.26 losing – 27.21. Like the INDU the Nasdaq was in green territory until Friday`s loss off – 34.43 points. If you look at the MACD a buy signal was triggered Thursday so what is next The Stochastic has crossed to the sell side but remains in bullish territory. The Nasdaq is overbought with all indicators showing their high end range. Further Nasdaq correction could take place but once again the Nasdaq can remain in overbought territory for weeks. This is evident since it`s move from mid February until mid April all in overbought territory. I do remain bullish but somewhat short term cautious. Further correction would not hurt the Nasdaq but find a base for the next leg higher in 2010. Last Week Week Close 2,454.05
The Nasdaq had another good week. The Chart and Indicators remain bullish but slightly overbought but not overbought enough to be alarming. I remain cautious short term but long term for 2010 I am bullish.
Close: 2,481.26
– 34.43
Daily Nasdaq Chart
(Live Daily Updating Chart)
Source Clearstation.com
Nasdaq Composite
MACD
STOCHASTIC
EMA 13
EMA 50
Russell
The Russell lost – 9.59 closing 714.61 for the week. The Russell has had a major run with the MACD triggering a buy signal Thursday. I suggest those that are trading Russell or related stocks remain cautious. It`s typical that the Russell corrects this time of the year but the Russell is in a bull market trend. A short term pause, possible under 700, and a resumption of the upward trend should take place over the next couple months. Last Week Week Close 702.95
What a great ride the Russell has made for those that invest in the sector. The gains since my last report have been excellent.
Close 714.61
– 9.59
Daily Russell Chart
(Live Daily Updating Chart)
Source Clearstation.com
Russell 2000
MACD
STOCHASTIC
EMA 13
EMA 50
Never Give Up
Thomas Edison wrote,
"Many of life`s failures are men who did not realize how close they were to success when they gave up."
Weekly Featured Company
Trustcash Holdings, Inc
(Paid Advertisement)
Trustcash Holdings, Inc. (OTC.PK TCHH)
The internet provides the fastest and most flexible way to buy things, but while the net offers the easiest and most convenient way to shop, it also lacks some key safeguards necessary to protect privacy, defend identity and secure credit safety online.
With TrustCash, instead of entering credit information into a website and allowing private data to be passed to the owner of that website (or through any security leaks in that site`s database), consumers can shop smarter and use TrustCash to complete their transaction without ever providing private personal information to the retailer.
TrustCash makes paying online simplified and safe.
1 Choose load method Visa, Mastercard, AMEX, or Discover 2 Securely add funds Funds saved to Trustcash account 3 Send funds to retailer Anonymously with no trace to the consumer Kent Carasquero Chief Executive Officer 325-3495 Cambie Street Vancouver, BC V5Z 4R3 Canada
http://www.trustcash.com
Universal Detection Technology
(Paid Advertisement)
Universal Detection Technology (OTCBB: UNDT)
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com.
Universal Detection Technology 9595 Wilshire Blvd.
Suite 700 Beverly Hills, CA 90212
http://www.udetection.com
First Alert Stocks of Interest
Watch This Section Weekly for Fresh Stocks to Follow
BGEM: Should be watched this coming week for move higher. Today`s Close .2499
LEHMQ: It looks like another run is developing possible going well over .20 this time. LEHMQ basing above .11. (high risk) Today`s Close .1132
WAMUQ: WAMUQ slightly off yesterday`s close. Today`s Close .17
(Full Disclaimer Applies)
Selected Stocks of Interest
(QPSA)
Close $4.20
"QPSA closed over $4.00 Friday. QPSA churns out sellers at each level as it slowly moves higher making readers great retruns."
"The company should experience good growth. I am currently holding/trading QPSA shares. Everyone needs to do their DD on this Hispanic Facebook/twitter styled community. Quepasa caught my attention the first time I came across the company. It should be catching everyone`s attention at this time before it`s $10.00."
(QPSA) Quepasa Corporation, through its Web site, Quepasa.com, operates as an online social community for young Hispanics. Quepasa.com provides users with access to an expansive, bilingual menu of resources that promote social interaction, information sharing, and other topics of importance to Hispanic users. Its members focus on generating interactive community pages or communities to create customized pages to share news, pictures, upload videos, create blogs, and receive update emails with other Quepasa members, primarily related to entertainment, nightlife, and gossip. Quepasa Corporation sells its marketing services and solutions to advertising agencies and marketers in the United States, Mexico, and Latin America. The company was founded in 1997 and is headquartered in West Palm Beach, Florida.
Web Site: http://www.quepasa.com News Link: http://finance.yahoo.com/qs=QPSA.OB
(SIRI)
Close $1.09
"SIRI continues holding looking strong. This is needed to set up for another leg higher. I do believe once it settles another leg higher is coming for investors."
(SIRI) Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers.
Web Site: http://www.siriusradio.com News Link: http://finance.yahoo.com/qs=SIRI
(DSCO)
Close $0.531
"We need decent FDA comments to be announced. Without news DSCO is stuck between $.51 – .60."
(DSCO) Discovery Laboratories, Inc is creating a fully-integrated biotechnology company committed to the development and commercialization of novel Surfactant Replacement Therapies (SRTs) with potential application across the respiratory disease continuum. Surfactant is produced naturally in the lungs and is essential for normal breathing throughout life. Our product platform is based on a novel pulmonary surfactant technology intended to establish a completely new, therapeutic approach in the treatment of respiratory disease, with a targeted initial application in premature infants.
Web Site: http://www.discoverylabs.com News Link: http://finance.yahoo.com/qs=dsco
No Wonder JPMorgan`s Dimon Opposes New Bank Rules: Today`s Outrage NEW YORK (TheStreet) — JPMorgan Chase`s (JPM) outsize quarterly profit should put to rest any questions why Chairman and CEO Jamie Dimon is spending so much time on Capitol Hill fighting new bank rules.
Dimon credited the investment banking unit for pushing JPMorgan profit above Wall Street`s expectations.
Meanwhile, consumer banking pretty much bombed because of big credit losses.
Today`s earnings suggest that JPMorgan Chase is only a good investment because it combines both investment banking and consumer banking. An argument could be made that proposed restrictions on proprietary trading could destroy that balance.
What would become of the Chase and Washington Mutual operations if the bank had to make a choice between the $2.5 billion net income from investment banking and the $131 million net loss from retail services
And if such rules were in place during the financial crisis, JPMorgan might not have been allowed to bail out WaMu (a compelling argument for angry WaMu investors to support new regulations).
Leaving aside the whole WaMu debate, today`s JPMorgan earnings may steer the banking regulation debate to the question of whether the balancing cycles of investment banking vs retail banking are beneficial.
That is, after all, the whole logic of the JPMorgan – Chase combination.
WAMUQ
Close $0.17
"WAMUQ is a BK play." I have followed WAMUQ since it was .03ish now in the teens and has made runs much higher. I believe WAMUQ has higher prices coming but be slow to pick entry positions." Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group. The Retail Banking Group segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, home equity lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services Group segments operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial Group segment provides finance to developers and investors for multi family dwellings and other commercial properties, services multi family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans Group segment originates, fulfills, and services home loans, and home equity loans and lines of credit; manages capital market operations; and holds the companys held for investment portfolios of home loans, home equity loans, and home equity lines of credit made to higher risk borrowers through the subprime mortgage
Web Site: http://www.wamu.com News Link: http://finance.yahoo.com/qs=WAMUQ.PK
(LEHMQ) High Risk
Close $0.1132
"LEHMQ is a BK play." LEHMQ is basing above .11. If the markets correct further LEHMQ could dip back under .10 for a brief period of time. I did take some nice profits off the table but continue to hold a core position. I have no doubt something bullish will take place possible sending the share price above .20."
On September 15, 2008, Lehman Brothers Holdings Inc. ("LBHI") filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Subsequently, 22 additional affiliates of LBHI (together with LBHI, the "Debtors") filed petitions in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code.
Web Site: http://www.lehman.com News Link: http://finance.yahoo.com/q/hs=LEHMQ.PK
(ETFC)
Close $1.74
Start watching ETFC. If we see a market correction ETFC could give buying opportunities under $1.60 again. I did sell my last position 1.81 so I am now watching closely for further correction."
(ETFC) ETRADE Financial Corporation, through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of ETRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. ETRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.
Web Site: http://www.etrade.com News Link: http://finance.yahoo.com/qs=etfc
(C)
Close $4.56
"C should be a company that will have events continue to make the stock volatile enough to create continual trading opportunities. Many of you remember my call at $3.17 for accumulation. Looks like it was a very good call. C is now correcting so watch for big boys to grab a base for the next move higher."
(C) Citigroup Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Institutional Clients Group and Regional Consumer Banks.
Web Site: http://www.citigroup.com News Link: http://finance.yahoo.com/qs=c
(AMD)
Close $9.81
"AMD is a favorite of mine. The company is going to stay around for awhile so any correction makes this stock look interesting for a long term hold."
(AMD) Advanced Micro Devices, Inc., a semiconductor company, provides processing solutions for the computing, graphics, and consumer electronics markets in the United States, Canada, Europe, and Asia. It offers microprocessor products, including servers and workstation microprocessors, notebook microprocessors, and desktop microprocessors; embedded processor products; chipset products, including IGP and discrete chipsets; and graphics products, such as 3D graphics, and video and multimedia products for use in desktop and notebook personal computers (PCs), including home media PCs, professional workstations, and servers, as well as technology for game consoles.
Web Site: http://www.amd.com News Link: http://finance.yahoo.com/qs=amd
(CROX)
Close $10.54
This has been a homerun for our readers. Looks like the teens are coming this year.
"This is a come back play I have followed since it dropped from $80.00 to under $1.00. This is a stock I like for long term. CROX could be a long term nice percentage return stock if you have time to hold the shares."
Crocs, Inc. is a designer, manufacturer and retailer of footwear for men, women and children under the Crocs brand.
All Crocs brand shoes feature Crocs proprietary closed-cell resin, Croslite, which represents a substantial innovation in footwear. The Croslite material enables Crocs to produce soft, comfortable, lightweight, superior-gripping, non-marking and odor-resistant shoes.
Web Site: http://www.crocs.com News Link: http://finance.yahoo.com/qs=CROX
(JAZZ)
Close $10.55
JAZZ is close to the $11 range as predicted a couple months back. Again this is another major homerun for our readers. I believe JAZZ is going towards $18 this year."
" I can see the previous $11 range is coming soon. JAZZ should be followed. It just seems to keep surprising traders. I don`t own the stock but its one of my favorites since it was $3.00. I am going to stick with my coverage and see what happens in 2010."
(JAZZ) Jazz Pharmaceuticals – integrating innovative products with valuable programs and resources to benefit patients in neurology and psychiatry.We are a specialty pharmaceutical company that identifies, develops and commercializes innovative products to satisfy unmet medical needs in neurology and psychiatry.
Our unwavering commitment to improving patient care is demonstrated every day through unique patient and physician programs and our ongoing collaboration with patients, physicians and advocacy groups. Building collaborative relationships that foster inno+vation is the key to our success.
Web Site: http://www.jazzpharmaceuticals.com News Link: http://finance.yahoo.com/qs=JAZZ
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Please read our full disclaimer at
http://www.willysfirstalertstocks.net The Publisher has been compensated three thousand dollars by Oceaninc for a one week (04/12 – 04/18) services to publicly and electronically disseminate information pertaining to TCHH
The LLC Company has been compensated five thousand dollars by a third party for one week (5/08 – 5/14) services to publicly and electronically disseminate information pertaining to UNDT. The owner does hold three million UNDT shares purchased out of the market. (shares will be sold)
The Editor does reserve the right to buy, sell or trade shares in the mentioned stocks. I am currently holding BGEM (29,700 shrs), QPSA (8,325 shrs), LEHMQ (150,000 shrs), I hold other stocks in my portfolio not mentioned in this newsletter. None of these stocks remain in my portfolio for long. I am a trader so I sell when a profit exists. The Editor does reserve the right to buy, sell or trade shares in all mentioned stocks without notice.
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