The VRTrader.com VR Silver Newsletter - Monday 7/12/2010"Tools for the High Performance Trader"
Copyright ©2010, All rights reserved.
Redistribution in any form is strictly prohibited. LEIBOVIT FILES | by Mark Leibovit Leibovit Files
Monday, July 12, 2010
Market Indexes Still At Resistance Following Low Volume Rally - However, More Upside Is Possible Into August.
Commentary below from TIMER DIGEST's #1 Intermediate Market Timer for the 10 year period ending in 2007 - Mark Leibovit
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UPCOMING ECONOMIC RELEASES/MARKET EVENTS
JULY 12-16, 2010:
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Monday, July 12:
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
3-Yr Note Auction
1:00 PM ET
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Tuesday, July 13:
Turnaround Tuesday
ICSC-Goldman Store Sales
7:45 AM ET
International Trade
8:30 AM ET
Redbook
8:55 AM ET
4-Week Bill Auction
11:30 AM ET
10-Yr Note Auction
1:00 PM ET
Treasury Budget
2:00 PM ET
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Wednesay, July 14, 2010:
Weird Wollie Wednesday
MBA Purchase Applications
7:00 AM ET
Retail Sales
8:30 AM ET
Import and Export Prices
8:30 AM ET
Business Inventories
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
30-Yr Bond Auction
1:00 PM ET
FOMC Minutes
2:00 PM ET
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Thursday, July 15:
Weekly Bill Settlement
Producer Price Index
8:30 AM ET
Empire State Mfg Survey
8:30 AM ET
Jobless Claims
8:30 AM ET
Industrial Production
9:15 AM ET
Speech
10:00 AM ET
Philadelphia Fed Survey
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
Money Supply
4:30 PM ET
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Friday, July 16:
Consumer Price Index
8:30 AM ET
Treasury International Capital
9:00 AM ET
Consumer Sentiment
9:55 AM ET
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STOCKS - ACTION ALERT -
Stocks rallied Friday, finding momentum at the end of a choppy session ahead of the first wave of quarterly corporate results due out next week. Stocks drifted throughout the session as an absence of news, and light volume provided little direction for stocks. After spending most of the session in a tight range, the major averages were able to break out to the upside in the final hour of trading, and close higher by between 0.6% and 1.0%. The major market indices closed the holiday-shortened week with their best weekly gains of 2010.
The rally we experienced last week was typical following the Fourth of July holiday which I told you about a week ago reference the data in the famous Stock Trader's Almanac. Now the question becomes whether we're now in a rally phase that could theoretically carry us into an August high. A high in my opinion which will set the stage for another serious market setback.
The market could just as easily sell off here, but my gut feeling is that a sell-off here will find support and we will then resume a rally phase. Much depends on the fate of the euro later this month.
Oveall, I remain a bear, but, as you know, I will trade them accordingly. It's summer trading, folks and you have to keep on your seatbelts and crash helmets. The safer strategy is wait until the fall and then, presumably a lower prices, begin taking long positions for a 'normal' market bounce into year-end and possibly into the first quarter. At the moment I assuming that buy will come around the 8900 level in the Dow Industrials or roughly 950 in the S&P 500.
In the meantime, we could see 1120 or higher first in the S&P 500 which roughly equates to 10,500 in the Dow Industrials.
On Friday, the average (INDU) added 59 points, or 0.6%. The S&P 500 (SPX) gained 8 points, or 0.7%, and the Nasdaq (COMP) composite rose 21 points, or 1%.
Investors returned from the Independence Day holiday this week in the mood to buy shares that had been battered in a two-month selloff. In the four sessions this week, the Dow gained 512 points, or 5.3%. The S&P 500 rose 5.4% and the Nasdaq was up 5%.
It was the best week in nearly a year for the market, with all three major gauges seeing their biggest results since the week ended July 17, 2009. in that week, the three majors all gained between 7% and 7.4%.
Analysts currently expect year-over-year growth of 27%, according to the latest figures from Thomson Reuters. Dow components Alcoa (AA, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Bank of America (BAC, Fortune 500), Intel (INTC, Fortune 500) and GE (GE, Fortune 500) are all due next week.
Google: The Internet behemoth renewed its license with the Chinese government to operate its site in that country, following a four-month battle over censorship.
A renewal had been in question due to tension between the company and China over the censorship of search results. But Google's decision last week to no longer automatically redirect users of Google's China site to its uncensored Hong Kong site seemed to pave the way for the renewal. Shares gained 2.4%.
On the move: Financials were among the big gainers Friday, with JPMorgan Chase (JPM, Fortune 500), Citigroup (C, Fortune 500), US Bancorp (USB, Fortune 500) and Regions Financial (RF, Fortune 500) among the stocks lifting the KBW Bank (BKX) index by 2.4%.
Caterpillar (CAT, Fortune 500), Chevron (CVX, Fortune 500), DuPont (DD, Fortune 500), Merck (MRK, Fortune 500) and Intel (INTC, Fortune 500) were among the Dow's biggest gainers.
Market breadth was positive and volume was very light. On the New York Stock Exchange, winners beat losers by almost four to one on volume of 880 million shares. On the Nasdaq, advancers beat decliners by three to one on volume of 1.61 billion shares.
Economy: Wholesale Inventories rose 0.5% in May after climbing 0.2% in April. Economists surveyed by Briefing.com expected inventories to rise 0.4%.
World markets: European markets gained, with Britain's FTSE 100 rising 0.5%, Germany's DAX advancing 0.5% and France's CAC 40 climbing 0.5%.
Asian markets rallied after South Korea raised its benchmark interest rate, seen as an optimistic sign for the economy. Japan's Nikkei rose 0.5%, Hong Kong's Hang Seng gained 1.6% and the Shanghai Composite rose 2.5%.
The materials sector was the market leader throughout the session after the Bank of Korea surprised investors by hiking its benchmark rate 25 basis points to 2.25%, signifying the global recovery may be gaining momentum. Some of the best performing materials stocks included Monsanto (MON 51.17, +3.45), US Steel (X 42.88, +1.79) and AK Steel (AKS 13.38, +0.69).
Also seeing investor interest was the financial sector which closed higher by 1.6%. Regional banks showed leadership with Regions Financial (RF 7.14, +0.31), Huntington Banc (HBAN 5.92, +0.25), and Zions Bancorp (ZION 23.24, +0.86) posting solid gains. The bigger investment banks fared quite well with JP Morgan (JPM 38.89, +0.73), Bank of America (BAC 15.10, +0.24), and Citigroup (C 4.04, +0.07) all posting solid gains ahead of next week's earnings announcements.
The VIX shed another 3.1% today, closing below 25 for the first time since June 21st.
Trading volume was light for the entire session as many traders preferred to add little exposure before earnings season begins with Alcoa (AA 10.95, +0.23) announcing its second quarter results after the bell on Monday.
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DOW TRANSPORTS - ACTION ALERT -
The Dow Transports rallied 42.85 points (1.04%) closing at 4160.90. The Transports found support in the 3800 area that I previously pointed to and is now experiencing a needed and expected technical bounce with potential to next 4300+. Regardless, I am assuming the downtrend will resume after that point with the exception that we've entered a time period (July/August) where like the other major indexes we could continue to experience a rally try.
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GOLD and METALS - ACTION ALERT -
Gold was stronger on Friday as it managed to close back above 1200 to end the week. Gold was up 12.90 at 1211.40. Silver was up .19 to 18.15, platinum was up 12 at 1530, and palladium was up 11 at 457.
Volume slowed to the downside last week when Spot Gold traded at 1184.00 and if Friday's volume exceeded 137.000 contracts on the COMEX, a Positive Volume Reversal ™ would have formed suggesting we could see futher price gains. Whether this is the beginning of a bigger move at this juncture I cannot say, but we did decline from 1266.35 to 11.84.00 and in a bull market that may have been enough. Next resistance is around th 1230 level and we'll take it from there.
Subscribers to my VR GOLD LETTER understand the cyclic swings in Gold moving forward. Go to www.vrgoldletter.com!
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BONDS - ACTION ALERT -
Treasuries fell again Friday. The long bond future fell 16/32 to 126 9/32, but had traded as low as 126 5/32.
The 30-year bond yield rose above 4 percent and the 10-year yield exceeded 3 percent for the first time this month as stocks and commodities climbed, damping bonds' haven appeal. A report next week is forecast to show a U.S. retail sales decline slowed last month, adding to data that showed unemployment claims down and wholesale inventories up.
The 10-year note yield rose 8 basis points yesterday, the most since the five days ended April 2, to 3.05 percent, from 2.98 percent on July 2, according to BGCantor Market Data. It dropped to 2.8793 percent on July 1, the lowest level since April 2009. The price of the 3.5 percent security due in May 2020 fell 23/32, or $7.19 per $1,000 face amount, to 103 23/32.
The 30-year bond yield climbed 9 basis points to 4.04 percent. Two- and three-year note yields were little changed at 0.63 percent and 1.01 percent, respectively.
Though we may see a further retracement in bond prices (higher interest rates) very short-term, I view this as only a correction in the uptrend. I remain in the deflation (lower interest rate) camp despite the current fireworks in stocks and the current pullback in bonds.
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CRUDE OIL - ACTION ALERT -
Crude oil rose a third day after an increase in consumption of distillate fuel, a category that includes heating oil and diesel, bolstered speculation that supplies will drop.
Technical support lies at last Monday's low of 71.09. There is resistance at Friday's high of 76.48. Above that we could test 79.38, the June 28 peak. I am offically on the sidelines here.
Demand for distillate fuels rose 11 percent to 3.95 million barrels a day last week, the biggest gain since Dec. 11, the Energy Department reported yesterday. Inventories of the fuel advanced 321,000 barrels last week. Heating oil stockpiles fell for the first time in five weeks, the report showed.
Crude oil for August delivery rose 64 cents, or 0.9 percent, to $76.08 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Oil is set for a 5.5 percent increase this week, the most since the week ended May 28.
Heating oil for August delivery increased 2.08 cents, or 1 percent, to $2.0261 a gallon in New York. The contract is up 5.8 percent this week.
Total U.S. fuel demand rose 3.2 percent to 19.6 million barrels a day in the week ended July 2, according to the department. It was the biggest weekly gain since April 30.
Oil in New York has traded within about an $8 price range for the past month, between $71.09 and $79.38 a barrel.
Natural gas futures may fall as milder weather reduces demand and as gas supplies will be ample to meet consumption, a Bloomberg News survey showed.
Seven of 15 analysts, or 47 percent, said gas futures on the New York Mercantile Exchange will decline through July 16. Five, or 33 percent, said gas will rise and three said there would be little change in price. Last week, 64 percent of participants said prices would rise.
Cooler air bringing rain and thunderstorms is expected to move through New York this weekend, according to the National Weather Service. New York broke daily temperature records and reached above 100 degrees for two days in a row for the first time since 1999. Central Park posted 100 degrees on June 7 and 103 on June 6.
Natural gas for August delivery on the New York exchange dropped 28.5 cents, or 6.1 percent, to $4.402 per million British thermal units this week.
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US DOLLAR - ACTION ALERT -
The dollar was slightly stronger today as the U.S. Dollar Index was up .123 at 83.947. We reversed ('Key Reversal') off a new correction low of 83.622 Friday morning. Recall, we have declined from 88.708 from June 7. I've told you that there could be important trading support in the 83.00 level. If not, we're going to see 81.00 and possibly 77.00. With the euro getting stronger, I am leaning to a modest bounce in the Dollar and then a resumption of the decline.
The euro climbed to an eight-week high against the dollar as European Central Bank President Jean- Claude Trichet said the economic recovery is gathering momentum.
The yen and dollar dropped this week against most of their major counterparts as stocks rallied on evidence the world is weathering Europe's sovereign-debt crisis, spurring demand for riskier assets. Canada's currency rose the most in almost a month before the central bank's policy meeting later in July as job creation was almost five times what economists forecast.
The euro appreciated 0.6 percent to $1.2641 yesterday, from $1.2566 on July 2. It touched $1.2722 yesterday, the highest level since May 12. The euro rallied 1.6 percent to 112.01 yen, from 110.27. The dollar advanced 1 percent to 88.62 yen, from 87.75 yen.
The yen typically strengthens in times of financial uncertainty because Japan's trade surplus frees the nation from dependence on overseas capital. The dollar benefits as the world's main reserve currency.
The International Monetary Fund raised its forecast for global growth this year, reflecting a stronger-than-expected first half, while warning that financial-market turmoil has increased the risks to the recovery.
The world economy will expand 4.6 percent in 2010, the biggest gain since 2007, compared with an April projection of 4.2 percent, the Washington-based IMF said in revisions this week to its World Economic Outlook. Growth next year is projected to be 4.3 percent, unchanged from the April forecast.
ECB policy makers held the main refinancing rate at a record low 1 percent, as forecast by 55 economists in a Bloomberg News survey.
The shared currency was supported this week on speculation stress tests for European banks assumed smaller losses on Greek bonds than some investors anticipated.
European regulators have told lenders their planned tests may assume a loss of about 17 percent on Greek debt and 3 percent on Spanish bonds, according to two people briefed on the talks. Credit markets are pricing in losses of about 60 percent on Greek bonds should the government default.
The euro has dropped 16 percent against the dollar since the beginning of December on concern Europe's sovereign-debt crisis will slow the economic recovery.
The Chinese yuan was little changed at 6.7730 against the dollar after U.S. Treasury Department pledged on July 8 to monitor what it called an "undervalued" currency in the next three months, seeking signs that China is meeting commitments to help rebalance the global economy.
Australia's dollar advanced 5.3 percent to 77.76 yen and the South African rand gained 1.8 percent to 7.60 against the dollar as evidence of a global economic recovery reduced demand for relative safety.
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URANIUM - ACTION ALERT
Ux U3O8 Prices* (Uranium)
July 5, 2010 Posting
Spot: $41.75 UNCHANGED. Bull market high in the cash market was $138.00.
The July Uranium Futures closed at $41.25. Uranium futures recent his a new bear market low of 40.00. June 13, 2007 hosted the bull market high of 154.95. Major support lies well under the market at $36.00.
The spot price of uranium quadrupled from 2004 to 2007. When it hit $138/lb, uranium became a certified bubble, which has now burst.
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Canadian TSX, TSX Venture and Canadian Dollar Commentary for our Canadian clients updated for Monday, July 12.
Toronto's main stock index rose more than 1 percent on Friday, rallying for a fourth straight session, helped by confidence in the economy from stunning jobs data, while firm resource prices helped materials lead all sectors higher. The Toronto Stock Exchange's S&P/TSX composite index climbed 137.08 points, or 1.2 percent, to end at 11,570.45. Eight of the index's 10 main groups were up.
Volume has slowed to the upside the past two trading sessions - not an ideal situation. That said, if we can hold the July 5 low (big stop for traders), we have potential back to the 12,000 level or higher this summer.
Materials were up 2.3 percent, rebounding from Thursday's selloff, as the price of gold moved back above $1,200 US an ounce. As well, copper prices advanced to their highest in nearly two weeks on improving global demand signals.
Among key gainers No. 1 producer Barrick Gold Corp. was up 1.42 percent at $45.04 Cdn, while diversified miner Teck Resources rose 3.37 percent to $35.60.
Financials were also among the solid gainers, rising 1.37 percent on confidence in the domestic economy. Royal Bank of Canada was up 2.4 percent at $54.37.
Data released early on Friday showed Canada's economy created six times more jobs than forecast in June to a near-record gain.
But so-called defensive sectors such as utilities, up 1.75 percent, and consumer staples, up 0.92 percent, also posted strong gains.
hoppers Drug Mart was up 2.13 percent at $35.89, while power generation company TransAlta Corp. gained 2.3 percent to $20.50.
Energy 142.95 +0.42
Financials 174.14 +2.35
Health Care 40.19 -0.31
Industrials 95.73 +0.50
Information Technology 27.79 +0.38
Metals & Mining 893.30 +27.50
Telecommunications 84.17 -0.12
Utilities 195.14 +3.36
Resistance 12,077, 12,210, 12,322, 12,375, 12,875, 12,968, 13,771, 13,875, 13,983, 14,157. Support is 10,990, 10,800, 10,600, 10,400, 10,384, 9500, 9300, 9140.
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CANADIAN TSX Venture:
The Venture rallied 16.54 points or 1.22% Friday closing at 1353.70 aided by strength in natural resources. My hunch is that we're going to see the 1390 level tested real soon.
Resistance is 1392, 1497, 1514, 1536, 1636, 1688, 1691, 1730, 1780, 1830. Support is 1343, 1306, 1231.
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THE CANADIAN DOLLAR (using the FXC Exchange Traded Fund):
Canada's currency rallied 2.8 percent to C$1.0337 per U.S. dollar after touching C$1.0296 yesterday, the strongest level since June 23. This equates to 96.59 in the FXC Exchange Traded fund. It was the biggest five-day gain since June 11.
Employers added 93,200 jobs in June following an increase of 24,700 in the previous month, Statistics Canada said yesterday. The median forecast of 23 economists in a Bloomberg News survey was for a gain of 20,000. The jobless rate fell to 7.9 percent.
Canada has restored most of its job losses since 2008, bolstering the case for the central bank to raise borrowing costs for a second month.
The Bank of Canada increased its target lending rate to 0.50 percent from a record low 0.25 percent on June 1 after the nation's economy grew at a 6.1 percent annualized pace in the first quarter. Policy makers meet again July 20.
Resistance is 96.32, 98.11, 99.29, 100.00, 102.00, 110.00. Support is 91.82, 91.00, 89.75, 87.50 and 85.18.
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DAILY VR LIST:
Editors note: The Daily VR List here is abbreviated with the full list only available to Platinum subscribers by clicking on 'Current VR List' on the Home Page of VRtrader.com.
Canadian shares are listed at the bottom of each section with the title: 'XXX CANADIAN STOCKS XXX'.
Silver subscribers who find this useful should upgrade to Platinum where you can pull down VR charts for many securities and watch the patterns unfold for yourself. There is no technical service on the planet that posts Positive and Negative VR! Why? Because they are proprietary to VRtrader.com!
How do you use this list?
Volume Reversals ™ are buy and sell triggers and are traders find them particularly useful, especially coming off market extremes as an indication of a change of direction. Use the VRs in conjunction with your other technical indicators and you've added a unique technical tool to your arsenal.
To see a visual representation of Volume Reversals ™, please go our Current Portfolio section and click on any recommended stock. Or, if you would like to get a VR Chart for a specific symbol, please click here. Please note that the list of symbols available is limited at this time.
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VOLUME REVERSALS FOR FRIDAY, JULY 9:
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POSITIVE VRs:
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XXX CANADIAN STOCKS XXX Canadian Stocks
CRU CREW GOLD CORP
CS.UN CAPSTONE MINING CO
MXL MONTEREY EXPLORATION
RON.UN RONA INC
SLW.UN SILVER WHEATON CORP
VEM VENA RESOURCES INC
WJA WESTJET AIRLINES COMP
XGD ISHARES CDN S&P/TSX G
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U.S. STOCKS:
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AEROSPACE/DEFENSE Aerospace/Defense Products & S
AIM Aerosonic Corp
AUTOMOTIVE Auto Manufacturers - Major
SORL SORL Auto Parts Inc
BANKING Regional - Mid-Atlantic Banks
SHBI Shore Bancshares Inc
BANKING Regional - Midwest Banks
LNBB Lnb Bancorp
MCBF Monarch Community Bancorp Inc
BANKING Regional - Pacific Banks
BMRC Bank of Marin
BSRR Sierra Bancorp
BANKING Regional - Southeast Banks
FBMS First Bancshares Inc (The) (MS
FBSS Fauquier Bankshares Inc
BANKING Regional - Southwest Banks
MFNC Mackinac Financial Corp
BANKING Savings & Loans
CBNK Chicopee Bancorp Inc
HARL Harleysville Svngs Fincl
COMPUTER SOFTWARE & SERVICES Business Software & Services
LNUX Va Software Corp
COMPUTER SOFTWARE & SERVICES Information Technology Service
TIER Tier Technologies Inc B
CONSUMER DURABLES Home Furnishings & Fixtures
BSET Bassett Furniture Ind
CONSUMER NON-DURABLES Textile - Apparel Clothing
EVK Ever-Glory Intl Group
DIVERSIFIED SERVICES Business/Management Services
CIDM Access Integrated Tech Inc
DIVERSIFIED SERVICES Research Services
NTSC National Technical Systs
DRUGS Biotechnology
CVM Cel-Sci Corp
DSCO Discovery Labs Inc
ELECTRONICS Semiconductor - Integrated Cir
PXLW Pixelworks Incorporated
ELECTRONICS Semiconductor - Specialized
MEMS Memsic Inc
ENERGY Independent Oil & Gas
GMXR Gmx Resources Inc
YPF Ypf Sociedad Anonima
ENERGY Oil & Gas Drilling & Explorati
AREX Approach Resources Inc.
ENERGY Oil & Gas Refining & Marketing
IOC Interoil Corporation
FINANCIAL SERVICES Asset Management
EPHC Epoch Holding Corp
FINANCIAL SERVICES Closed End Fund - Debt
BGT Blackrock Global Fltg Inc
BKT Blackrock Income Trust
FINANCIAL SERVICES Closed End Fund - Equity
CIF Colonial Inter High I F
DGL PowerShares DB Gold Fund
FINANCIAL SERVICES Credit Services
LOAN Dag Media Inc
FINANCIAL SERVICES Diversified Investments
CRT Cross Timbers Royalty Tr
DFR Deerfield Triarc Capital Corp
INTERNET Internet Information Providers
HSWI HSW International Inc
LEISURE General Entertainment
ORCD Orchard Enterprise Inc
LEISURE Resorts & Casinos
STN Station Casinos Inc
LEISURE Restaurants
BAGL Einstein Noah Restaurant Group
DAVE Famous Dave's Of America
LEISURE Sporting Activities
CLUB Town Sports International Hold
MANUFACTURING Industrial Equipment & Compone
TRS TriMas Corp
MANUFACTURING Pollution & Treatment Controls
PCYO Pure Cycle Corp
MATERIALS & CONSTRUCTION General Building Materials
CUO Continental Materials Cp
MATERIALS & CONSTRUCTION Residential Construction
XIN Xinyuan Real Estate Co Ltd
MEDIA Broadcasting - Radio
RC Grupo Radio Centro
SBSA Spanish Brdcstng Sys A
MEDIA Broadcasting - TV
TVL Lin Tv Corp
MEDIA Movie Production
NOOF New Frontier Media Inc
METALS & MINING Gold
THM International Tower Hill Mines
METALS & MINING Industrial Metals & Minerals
USEG U.S. Energy Corp Wyo
REAL ESTATE Property Management/Developmen
AQQ American Spectrum Realty
GBE Grubb & Ellis Co
TRANSPORTATION Air Services
PHIIK Petroleum Helicopter Nv
TRANSPORTATION Trucking
XPO Express-1 Expedited Solutions
UTILITIES Foreign Utilities
CWCO Consolidtd Water Co Inc
HNP Huaneng Power Intl Inc
WHOLESALE Computers Wholesale
WSTG Wayside Technology Group Inc
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NEGATIVE VRs
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XXX CANADIAN STOCKS XXX Canadian Stocks
AER.UN GROUPE-AEROPLAN, INC.
GIB.A CGI GROUP INC CL A SU CL A
HGD.UN HORIZONS BETAPRO GLB TU-A
HRG HIGH RIVER GOLD MINES
SLF.UN SUNLIFE FINANCIAL SERTVICES
YLO.UN YELLOW PAGES INCOME F
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U.S. STOCKS:
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AEROSPACE/DEFENSE Aerospace/Defense Products & S
TASR Taser Intl
AUTOMOTIVE Trucks & Other Vehicles
NAV Navistar Internat Corp
BANKING Regional - Midwest Banks
FPFC First Place Fincl Corp
MBR Mercantile Bancorp
BANKING Regional - Pacific Banks
AMRB American River Bankshares
UBFO United Security Bancshares CA
BANKING Savings & Loans
COLB Columbia Banking System
CSBC Citizens South Banking Corp
COMPUTER SOFTWARE & SERVICES Business Software & Services
DWCH Datawatch Corp
SONS Sonus Networks Inc
COMPUTER SOFTWARE & SERVICES Healthcare Information Service
HMSY Hms Holdings Corp
COMPUTER SOFTWARE & SERVICES Multimedia & Graphics Software
DIVX Divx Inc
CONSUMER DURABLES Electronic Equipment
KOSS Koss Corp
CONSUMER NON-DURABLES Packaging & Containers
ATRO Astronics Corp
NTIC Northern Technology
DIVERSIFIED SERVICES Business/Management Services
ABCO Advisory Board
CDZI Cadiz Inc
DIVERSIFIED SERVICES Technical Services
KTOS Kratos Defense & Sec Sol. Inc.
DRUGS Biotechnology
CRXL Crucell Nv Ads
DRUGS Diagnostic Substances
DDD SCOLR Pahrma Inc
ILI Interleukin Genetics Inc
ELECTRONICS Scientific & Technical Instrum
ESLT Elbit Systems
LCRY Lecroy Corp
ELECTRONICS Semiconductor - Broad Line
GSIT GSI Technology Inc
STM Stmicroelectronics Nv
ELECTRONICS Semiconductor - Specialized
ACTS Actions Semiconductor Co Ltd
MPWR Monolithic Power Systems
ELECTRONICS Semiconductor Equipment & Mate
IMOS Chipmos Technologies Bermuda
ENERGY Independent Oil & Gas
NFX Newfield Exploration
UPL Ultra Petroleum Corp
ENERGY Oil & Gas Drilling & Explorati
CXO Concho Resources Inc
ESV Ensco International Inc
ENERGY Oil & Gas Refining & Marketing
HES Hess Corp
FINANCIAL SERVICES Asset Management
PNSN Penson Worldwide Inc
FINANCIAL SERVICES Closed End Fund - Debt
APX Apex Municipal Fund
BAF Blackrock Fl Ins Muni Inc Trus
FINANCIAL SERVICES Closed End Fund - Equity
BWX SPDR Lehman International Trea
ETB Eaton Vance Tax-Managed Buy-Wr
FINANCIAL SERVICES Credit Services
FMD First Marblehead Corp
FINANCIAL SERVICES Diversified Investments
NRT North European Oil Rl Tr
FINANCIAL SERVICES Investment Brokerage - Nationa
SCHW Charles Schwab Corp
FOOD & BEVERAGE Beverages - Wineries & Distill
ROX Castle Brands Inc
FOOD & BEVERAGE Processed & Packaged Goods
GLDC Golden Enterprises Inc
HEALTH SERVICES Medical Appliances & Equipment
ALGN Align Tech Inc
CYBX Cyberonics Inc
HEALTH SERVICES Specialized Health Services
PSYS Psychiatric Solutions Inc
INSURANCE Property & Casualty Insurance
MKV Markel Corp
INTERNET Internet Information Providers
BIDU Baidu.com Inc
EDGR Edgar Online Inc
LEISURE Resorts & Casinos
NYNY Empire Resorts Inc
MANUFACTURING Industrial Electrical Equipmen
HEV Ener1 Inc
HOLI Hls Systems International Ltd
MANUFACTURING Metal Fabrication
PKOH Park-Ohio Holdings Corp
MANUFACTURING Pollution & Treatment Controls
ERII Energy Recovery Inc.
MANUFACTURING Textile Manufacturing
HWG Hallwood Group Inc
MEDIA CATV Systems
SNI Scripps Networks Interactive`
MEDIA Marketing Services
ECGI Envoy Communications Grp
MEDIA Publishing - Periodicals/News
SPRO Smartpros Ltd
METALS & MINING Steel & Iron
NWPX Northwest Pipe Co
REAL ESTATE Mortgage Investment
CXS Crexus Investment Corp
REAL ESTATE REIT - Diversified/Industrial
UBP Urstadt Biddle Props Inc
REAL ESTATE REIT - Healthcare Facilities
LTC Ltc Properties Inc
WRS Windrose Medical Prop Tr
REAL ESTATE REIT - Hotel/Motel
FCH Felcor Lodging Trust Inc
RETAIL Catalog & Mail Order Houses
LIVE Live Deal Inc.
RETAIL Department Stores
SKS Saks Holdings Inc
RETAIL Discount
CPWM Cost Plus Inc California
FRED Fred's Inc
RETAIL Home Improvement Stores
LOW Lowe's Companies Inc
SPECIALTY RETAIL Auto Dealerships
ABG Asbury Automotive
TELECOMMUNICATIONS Communication Equipment
MOT Motorola Inc
TELECOMMUNICATIONS Telecom Services - Foreign
PT Portugal Telecom Sa
SI Siemens Aktien
TRANSPORTATION Shipping
TNP Tsakos Energy Navigation
TRANSPORTATION Trucking
PATR Patriot Transportaion
UTILITIES Electric Utilities
ORA Ormat Technologies Inc
UTILITIES Foreign Utilities
NGG National Grid Group Plc
UTILITIES Gas Utilities
EQT Equitable Resources Inc
RGCO Rgc Resources Inc
WHOLESALE Auto Parts Wholesale
KAR Adesa Inc
WHOLESALE Electronics Wholesale
UUU Universal Security Instruments
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My 'Annual Forecast Model' (VR Forecaster Report) is now posted on the VRtrader.com website and covers cyclical projections for the Dow Industrials, the TSX, Gold, Crude Oil, Ten Year Interest Rate Yields and the US Dollar Index. The Model has been published since 1987 and has garnered a respectable following among traders and investors seeking an overall 'timing' tool for the major markets. Remember, there is no price too high for good information!
Here is the link: Now at 50% off!
https://www.vrtrader...cribe/index.asp
If you have any questions, please don't hesitate to call me and leave a voice mail message at 928-282-1275 or email me at mark.vrtrader@gmail.com.
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What is our true national debt?
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