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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Pre-market Open News & Notes For Friday
"Investors looked ahead to U.S. reports on housing and producer prices on Friday for guidance on the state of the world's leading economy after a raft of soft data, while red-hot equities cooled a bit in both Europe and Asia. Also, Hershey Plans to Cut Work Force by 1,500"
Both technically and statistically, this market looks to be vulnerable. The broad market index, the S&P 500, has been positive on the Friday before President's Day only 8 out of the last 31 year. Additionally, the February option expiration has seen the Dow down 5 of the last 7. As if that weren't enough to tempt you into a countertrend trade, the Dow (and the S&P for that matter) is at the top of its trading range and should see a move below 12,700 within the next several trading days. The market set up allows for a relatively tight stop.
Yesterday, energy stocks were laggards, as the Oil Services ($OSX -1.68%) and Integrated Oil ($XOI -0.72%) indexes slumped while the Gold & Silver Index ($XAU +0.70%) rose and the broader market rallied. Small gains for the Retail Index ($RLX +0.42%) and slight positives for the Bank ($BKX +0.12%) and Broker/Dealer ($XBD +0.18%) indexes helped the major averages fight to stay in positive territory. Modest gains in the Semiconductor ($SOX +0.73%), Networking ($NWX +0.37%), and Biotechnology ($BTK +0.33%) indexes were followed by minor gains for the Software Index ($GSO +0.14%) and a near flat close for the Internet ($DOT +0.03%) index.
From 24/7 Wall St.:
- Pre-Market Stock Notes (FEB 16, 2007)
- Europe Markets (FEB 16, 2007)
- Media Digest 2/16/2007 Reuters, NYTimes, WSJ, Barron's, FT
From Trading Markets:
From MarketWatch:
- Upgrades / Downgrades / Initiations for today
- Stocks in focus for Friday
- Thursday's biggest stock gainers and decliners
ES Pivot Points from Dr. Brett: for Friday 2/16:
Pivot Level: 1459.25; R1: 1462.25; R2: 1464.75; S1: 1456.75; S2: 1453.75
Wall Street Breakfast in Seeking Alpha by SA Editors on Feb 16th
What you need to know before the open today.
Thursday's Top Biotech and Medical Stocks
Long-Term Market Model – Bearish since December 8th.
Asset Allocation – AAS Model Portfolios are between 56.25% and 75% long currently from Portable Alpha.
Blog - Investing Notes Blog Synthesis: Momentum Investing/Trading from CXOAG
Distribution Days Can Signal Market Top from IBD There were 71 high-ranked companies from the CANSLIM.net Leaders List that made new 66-week highs and appeared on the CANSLIM.net BreakOuts Page - sign up is free.
- How Housing Rescue Bill Can Help You
- Are The Financials Suddenly Cheap? Part III
- Canslim.net Morning Comment And Links (for Traders)
- Are Financials Suddenly Cheap? Part II
- Are Financials Suddenly Cheap?
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- Millionaire Now!
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- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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