louyah analyst report & they say uptrend still under pressure



Choppy Session Ends With Stock Gains

Bulls and bears struggled Friday in one of those back-and-forth contests where the last one holding the ball wins.

The market changed direction sharply five times as it digested a strong jobs report and a rebounding dollar. The bulls prevailed.

The Nasdaq rose 1%. The S&P 500 and the NYSE added 0.6% and 0.4%, respectively. The Dow edged up 0.2%. The small-cap S&P 600 was one of the stars of the day, leaping 2.3%.

Volume was up sharply across the board.

Despite qualifying as a day of accumulation, Friday's session didn't show the kind of action that inspires confidence.

For one, the Nasdaq broke through the 2200 level for the fifth time in recent weeks only to be slapped back down once again. On the plus side, though, the Nasdaq hasn't had much trouble holding its 50-day moving average in recent weeks.

Action among leading stocks was disappointing. A few of the best performers since the market uptrend began in March took hits in heavy trading. Apple (AAPL) slid 2%, losing its 50-day line. Argentina-based e-commerce firm MercadoLibre (MELI) also fell 2%.

Before the opening bell, the November employment report came in much stronger than expected. The major indexes jumped as much as 1.9% early, but then reversed just as sharply.

It was as if the market looked at the strong economic data and was at first encouraged. Then it decided the good news makes interest-rate hikes more likely. At least that was the view of many market watchers.

The U.S. dollar rose on the jobs report, hurting commodity-related stocks. Gold was knocked down more than 4%. It was the biggest one-day drop in a gold futures contract since Dec. 1, 2008.

Among industry groups, gold-mining stocks slid the most. Oil-related groups also retreated. Tires, auto parts and semiconductors were among the best industries.

The Philadelphia semiconductor index sprinted 2.1% . The chip index rose 8.2% for the week, its best weekly pop since July. The chipmaker and chip equipment groups, though, don't have a lot of top- rated stocks.

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roket stock position stil doing fine feeling a pullback soon, but dun care la... get ready for 2010







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maybe jus eat popcorn & watch the gold sector show



This post has been edited by sulifeisgreat: Dec 15 2009, 11:38 PM

This post has been edited by sulifeisgreat: Dec 18 2009, 09:15 AM

The technology sector sparked a rise Friday as the Nasdaq led the market higher.

The Nasdaq leapt 1.5%, retaking the 2200 level, which has acted as resistance recently. The S&P 500 added 0.6%, the NYSE composite 0.3% and the Dow 0.2%.

Volume was up sharply because of quadruple witching — a quarterly event that involves expirations of stock options, single stock futures, stock index options and stock index futures.

That normally triggers volatility and increased trade.

Also, Standard & Poor's was rebalancing its North American indexes after the close. The changes were announced Dec. 15, but went into effect after Friday's close. Index funds must buy or sell shares to match the changes.

So, calling Friday a day of accumulation might be a stretch, given the artificial boost in volume. The market remains under pressure. But should the market hang tough, fewer distribution days will be recent enough to be relevant.

The market was in a cheery mood even before Friday's open, thanks to strong quarterly results from Research In Motion (RIMM) and software provider Oracle (ORCL) after Thursday's close.

Neither stock is top-rated but both set a positive tone as they notched big gap-up gains in fast trade. Chipmaker stocks also had some big-percentage gainers, but not always in great volume.

Atheros Communications (ATHR) rose 3%, but trade was slow.

Despite the help from tech, the market's gains weren't particularly broad. Advancing issues led declining issues by a 7-5 ratio on the NYSE and by 3-to-2 on the Nasdaq.

It also was flat for the week. Of the major indexes, only the Nasdaq was up for the week. It added 1%.

Starbucks (SBUX) found traction. It popped 6% in almost triple its usual volume.

Green Mountain Coffee Roasters (GMCR) rose 3% in fast trade. It regained its 50-day moving average and could be building a double-bottom base. It was added to the S&P 400 after Friday's close.

On the downside, data storage firm NetApp (NTAP) fell 2% in fast trade after Goldman Sachs cut it to neutral from buy. But NetApp closed in the upper half of the day's range as it etched a bullish three-weeks-tight pattern. Net-App's sales, though, have sagged.

Friday was a slow news day. But the government reported that the jobless rate fell in 36 states.



This post has been edited by sulifeisgreat: Dec 21 2009, 01:52 PM

my louyah analyst report

The Nasdaq led the way Tuesday as the tech-leaning index continued to benefit from this month's rally in chip stocks.

The Nasdaq popped 0.7%, notching a new 52-week closing high. The Dow and the NYSE composite added 0.5% each. The S&P 500 trailed with a 0.4% gain but also marked a 52-week closing high.

Volume was down from Monday's below-average pace. Typically, the days leading up to Christmas and through New Year's Day are low-volume sessions, and this year appears to be shaping up as no different.

One factor standing out this December, however, is the outperformance of the chip group.

So far this month, the chipmaker and chip equipment groups are up 13% and 17%, respectively. On Tuesday, both groups rose 1% each.

The chip sector also has advanced. It's ranked eighth out of 33 sectors, from 20th six weeks ago.

On Tuesday, several chip stocks with ratings of 92 or better touched new highs, including Cree (CREE), Atheros Communications (ATHR), NetLogic Microsystems (NETL), Marvell Technology (MRVL), SanDisk (SNDK) and thinly traded Ceva (CEVA). All, however, made their moves in weak or about-average volume.

While the chip percentage gains were respectable, the airlines and homebuilder groups rocked about 3% each. But they too did it in tame volume.

The homebuilder group received a lift when the National Association of Realtors reported that existing-home sales jumped 7.4% in November. Analysts had expected a 2.5% gain.

A fall in the price of oil has helped airline stocks. While crude oil tacked on 0.9% Tuesday, it has fallen 9% since Oct. 21. In that same period, the airline industry group is up 21%.

A handful of top-rated stocks jumped Tuesday in fast trade.

Clothing retailer Lululemon Athletica (LULU) leapt out of a flat base in solid volume. It rose 6%, clearing a 28.81 buy point.

Lululemon is a turnaround story. After three quarters of falling earnings on a year-ago basis, it reported earlier this month that it grew EPS 54% and sales 30% in fiscal Q3 ended in October.

Three top stocks — Salesforce.com (CRM), Bucyrus International (BUCY) and Hi-Tech Pharmacal (HITK) — added gains after recent breakouts.

On the losing side, some China-based stocks slid in heavy volume. The Shanghai composite has dropped in five of the past six sessions, shaving off 8%. Beijing recently announced some steps to cool real estate speculation.

After the close, software company Red Hat (RHT) reported quarterly results. It topped the consensus estimates on earnings and sales. Shares surged 7% in after-hours trading.

This post has been edited by sulifeisgreat: Dec 24 2009, 12:50 AM

Health care, biotech and drug ETFs rallied Monday on news that French drugmaker Sanofi-Aventis SNY is buying household and personal
care products maker Chattem CHTT for about $1.9 billion. Chattem stock skyrocketed 33% to 93.14. The market may have also cheered
a move by the Senate to clear a major hurdle in a health care reform bill Monday by making the first of three procedural votes.

Power Shares Dynamic Pharmaceuticals PJP jumped 2.6% to a 52-week high of 18.58 in strong trade. PJP has returned 15% year to
date vs. 23% for the S&P500. IShares Dow Jones U.S. Healthcare Providers Index IHF gapped up 2.3% to 49.33 in heavy trade. It’s returned 38%
year to date. Its rank highest among health ETFs. Aetna AET, the biggest mover in the 47-stock ETF, surged 4.7% to 34.04 in robust volume. It’s extended 13%. The top holding in IHF, United-Health UNH makes up 11% of the fund. Standard & Poor’s upgraded United-Health to a buy rating Thursday and raised its target price. Deutsche Bank, on the other hand, issued a hold rating on the stock on Wednesday, after the House passed a bill that would extend a health care subsidy to lower insurance premiums forsome unemployed workers.

Cobra Helps Hospitals. The measure would lengthen the period inwhich the government subsidizes 65% of the continuing Cobra health care coverage for the unemployed from nine to 15 months. Cobra, or the Consolidated Omnibus Budget Reconciliation Act, gives the unemployed the right to keep using their employer’s health plan but pay for it themselves. Extending Cobra is “fundamentally negative” for managed-care providers
because they “typically lose money on their Cobra enrollees,” wrote Deutsche Bank analysts Darren Lehrich and Scott Fidel in a client note. But extending the Cobra subsidy should be positive for hospitals and “serve as an important ‘bridge’ for the hospitals until a real jobs recovery will drive more employer-sponsored insurance coverage,” they wrote.

United Health shares broke out of from Dec. 10. It’s 8% extended from a 29.84 buy point. It faces overhead resistance at 33.49. Deutsche Bank on Thursday issued a buy rating on another stock in IHF, Medco Health Solutions MHS, a pharmacy benefit management firm. Deutsche analysts wrote in a client note that health care reform plans under debate in Washington “should be a net positive for the PBM industry due to increased coverage
leading to more script volume.”

Medco’s stock is trading between a 66.10 buy point and support at the 10-week average after rebounding
from a light-volume pullback to the 10-week line. SPDR S&P Biotech XBI gapped up 2% to 52.42 after clearing prior resistance at 52.43 intraday. This follows a high-volume gain of 1.62% Friday. TheETF broke above the neckline of an inverted head-and-shoulders pattern with the potential of rising 10% or more, according to Chuck Dukas, a technical analyst and founder of TREND advisor.com, a stock advisory firm. XBI has shed
2% year to date. One of XBI’s top-10 names, Human Genome Sciences HGSI, led Monday’s advance. It climbed 5% in above-normal trade to clear a 29.39 buy point in a three-weeks tight pattern. Morgan Stanley initiated coverage of the drug maker with an overweight rating.

Nasdaq 100’s Annual Revamp The Nasdaq 100 index underwent its annual make over on Monday. The index, which tracks the largest
non financial domestic and international stocks listed on the exchange ranked by market capitalization, saw seven stocks leave: Akamai
Technologies AKAM, Hansen Natural HANS, IAC/InterActive IACI, Liberty Global LBTYA,Pharmaceutical Product Development PPDI, Ryanair RYAAY
and Steel Dynamics STLD. They were replaced by BMC Software BMC, Vodafone VOD, Mattel MAT, Mylan MYL, SanDisk SNDK, Qiagen NV QGEN and Virgin Media VMED.

Power Shares QQQ Trust QQQQ, which tracks the Nasdaq 100, outperformed the major indexes this year with a 51% return. It eclipsed the S&P 500 by 28 percentage points and the Dow by a whopping 32 percentage points. Seagate STX led the portfolio with a 299% gain, followed by Liberty Media LINTA, up 236% and Baidu BIDU 212%. Genzyme GENZ, Pharmaceutical Product Development PPDI and Apollo Group APOL lagged the group
with losses of 21% to 28%.

Indexes Add To Recent Gains As Volume Dwindles

Stocks shrugged off disappointing economic data Wednesday as they trotted mostly higher.

The Nasdaq rose 0.8%, the NYSE composite 0.5%, and the S&P 500 0.2%. The Dow was flat. Volume was down on both major exchanges for a third day in a row.

Yet the session proved productive in a technical sense. The Nasdaq's distribution day count fell to three. The Nov. 18 distribution day became too dated. Also, the Nasdaq has climbed more than 5% from its Nov. 19 distribution day

The tally of higher-volume declines remained unchanged for the other major indexes.

Before the open, the market had to digest some data on personal income and spending. Both figures came in lower than expected, but the income jump was the best in six months. The market apparently decided that was good enough. The indexes opened higher.

The market tumbled at 10 a.m. EST, when new-home sales for November missed forecasts badly. The indexes, though, soon began chugging higher.

Among sector groups, gold-mining, steel and Internet did well. Most sector groups rose, in fact.

The dollar weakened, which helped boost oil and gold-mining stocks. Throughout 2009, stock indexes generally have strengthened as the dollar crumbled, but that relationship hasn't been so strong recently.

Action was quiet among top-rated stocks Wednesday, though a few showed vigor.

China Automotive Systems (CAAS) bounced off its 10-week moving average in strong volume. It gained 13% in fast trade, closing near session highs.

On Wednesday, China's central bank said the country's recovery is still weak. This eased fears that a tightening was ahead. Beijing recently had hinted at moves to cool real estate speculation, which sent the Shanghai composite down 8% in six sessions.

The Shanghai composite rose 0.8% Wednesday. Chinese stocks that trade on U.S. exchanges also appeared to benefit.

The Shanghai has beaten the U.S. indexes this year, up 69% vs. 44% for the Nasdaq.

Many of the Chinese stocks that rose Wednesday, however, are thinly traded. Others notched nice gains in sluggish volume.

One other area showing strength is small caps. The S&P 600 jumped 1.2% Wednesday and is up 9% this month — best among the indexes. In 2009, whenever the market did well, small caps led. They lagged when the market stalled beginning in October.

A couple of breakouts Wednesday raised question marks.

American Greetings (AM) cleared a 10-week base after reporting earnings. But the stock gave up all gains and closed slightly lower.

Expedia (EXPE) rose past a 26.80 buy point but volume was well below average.

Stocks will drop sharply, Pimco’s CEO predicts
Associated Press / December 28, 2009
E-mail this article To: Invalid E-mail address Add a personal message:(80 character limit) Your E-mail: Invalid E-mail address Sending your articleYour article has been sent.
E-mail|Print|Reprints|Yahoo! Buzz|ShareThisText size – + NEW YORK - Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling, and stocks are up 66 percent since their March lows - the best performance since the 1930s. What’s not to like?

Discuss
COMMENTS (9)
Plenty, says Mohamed El-Erian, chief executive of the giant bond manager Pimco. The recovery may be gaining steam but is no different than a kid who eats too much candy, he says. “We’re on a sugar high,’’ El-Erian says. “It feels good for a while but is unsustainable.’’ His point: This burst of economic activity fed by government spending and near-zero interest rates will soon peter out.

El-Erian oversees nearly $1 trillion in assets. What he’s saying:

■Stocks will drop 10 percent in the space of three or four weeks, though he’s not predicting when.

■The unemployment rate will be hovering above 8 percent a year from now.

■US gross domestic product will grow at an average of 2 percent or so for years - a third slower than we’re used to.

El-Erian says people are fooling themselves if they think all the bullish data of late mean a strong recovery is in the offing. So he’s buying Treasurys and selling riskier stuff. His bet: Investors will get scared again and want US-guaranteed debt.

Investors betting on stocks or high-yield bonds are apt to be disappointed, he says.

Markets for those securities are rallying not because people like them but because they hate the puny yields of safer investments like money markets and feel they have no choice but to buy, he says. That makes the bull market as likely to last as a forced marriage, he quips.

The danger: If stock and junk bond prices start falling, lots of investors are likely to bail, feeding the drop.

Of course, there are true believers in the bull who are not buying El-Erian’s line.

James Paulsen, chief strategist at Wells Capital Management in Minneapolis, with $355 billion under management, has been pounding the table for months to buy stocks. Just as in the early 1980s, the recovery will take the form of a “V,’’ he says. The reason: Companies have cut inventories and payrolls to the bone, so just a little revenue growth could yield a bumper crop of profits.

El-Erian says many of the bulls don’t appreciate just how much the government props still under the economy are masking its weakness. Instead of focusing on the fundamentals today, he says, they’re looking to the past, expecting a quick economic rebound because that’s what’s happened before.

We’re trained to think the “farther you fall, the higher you’ll bounce back,’’ El-Erian says. “We’re hostage to the V.’’

© Copyright 2009 Globe Newspaper Company.

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louyah analyst report for reading pressure

Six-Day Win Streak Ends Despite Slew Of Good News

Stocks edged lower Tuesday in yet another low-volume affair.

At the bell, the NYSE composite, the S&P 500 and the Nasdaq each slipped 0.1%. The Dow industrials crept lower fractionally. These meager losses served to snap the market's six-day winning streak.

Nasdaq volume fell 3%, and the NYSE's dipped 9%.

The market barely budged in the face of three crucial pieces of economic news.

A survey of consumers showed rising confidence; chain-store sales rose in the week before Christmas; and home prices, which had been steadying after a monthslong bloodbath, showed further signs of stabilizing.

Improvements in these crucial and much-damaged areas must be heartening to those still shell-shocked from the financial crisis.

So what kept the market from bolting higher?

Maybe it's the thought that too much improvement will force the Fed to drain some excess liquidity — raise interest rates.

Or maybe it's the last few days of the year, and many professional investors have closed their books and have gone fishing.

A few top-rated stocks moved up in heavy volume, but just a few.

E-payment processor CyberSource (CYBS) shot up 4% in more than twice its usual volume. That's the stock's seventh straight gain, although Tuesday's rise lured by far the biggest turnover.

The stock stands 8% above the 18.99 buy point from a cup with handle.

Green Mountain Coffee Roasters (GMCR) rose 2.31 to 79.97 in above-average trade. The stock on Monday had taken out the 76.60 buy point from a double-bottom base. Green Mountain is now 4% past that trigger.

The dull action may lead you to think nothing is going on. Au contraire. The market is building a healthy posture for the new year.

The distribution day count has fallen to four for the major indexes except the Nasdaq composite, which is at one. This is a big improvement from recent counts that got as high as six for some averages.

And plenty of quality stocks are setting up.

Outsourcer Cognizant Technology Solutions (CTSH) pushed past a flat base a week ago, but volume stalled and so did the stock. Cognizant may be building a handle to that base.

Shoe retailer Steven Madden (SHOO), which enjoys better profit growth than sales gains, may be building a handle to a cup base.

Argentina-based MercadoLibre (MELI), Latin America's biggest e-commerce company, is in the fourth week of what may be a new base.

Brazilian homebuilder Gafisa (GFA), with stunning fundamentals, is just pennies below its 10-week moving average. If it can regain that line, it could be well on its way to finishing a new base.

Apple (AAPL) broke out of a flat base Thursday. It's less than 1% past the 208.10 buy point.