The VRTrader.com VR Silver Newsletter - Monday 7/26/2010
"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 26, 2010
--------------------------------------------------------------------------------
I Repeat. Don't Fight The Tape. July/August Rally Still In Force.
Commentary below from TIMER DIGEST's #1 Intermediate Market Timer for the 10 year period ending in 2007 - Mark Leibovit
--------------------------------------------
UPCOMING ECONOMIC RELEASES/MARKET EVENTS
JULY 26 - 30, 2010:
---------------------------------------------
MONDAY, JULY 26:
PRE-MARKET EARNINGS:
Lorillard, RadioShack
New Home Sales
10:00 AM ET
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
POST-MARKET EARNINGS:
Health Management, Reinsurance Group of America, Universal Health
---------------------------------------------
TUESDAY, JULY 27:
'Turnaround Tuesday'
PRE-MARKET EARNINGS:
AK Steel, AmerisourceBergen, BP, CIT Group, DuPont, Lockheed Martin, Teva Pharma, U.S. Steel
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
S&P Case-Shiller HPI
9:00 AM ET
Consumer Confidence
10:00 AM ET
State Street Investor Confidence Index
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
52-Week Bill Auction
11:30 AM ET
2-Yr Note Auction
1:00 PM ET
POST-MARKET EARNINGS:
Aetna, AFLAC, Norfolk Southern
---------------------------------------------
WEDNESDAY, JULY 28:
PRE-MARKET EARNINGS:
Boeing, ConocoPhillips, Corning, Eastman Kodak, General Dynamics, Newmont Mining, Southern Co, Sprint Nextel
MBA Purchase Applications
7:00 AM ET
Durable Goods Orders
8:30 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
Beige Book
2:00 PM ET
POST-MARKET EARNINGS:
Agnico-Eagle Mines, Goldcorp, Lincoln National, LSI Logic, Owens-Illinois, Symantec, Visa
---------------------------------------------
THURSDAY, JULY 29:
PRE-MARKET EARNINGS:
Automatic Data, Avon Products, Barrick Gold, Checkpoint Systems, CME Group, Colgate-Palmolive, Dr Pepper Snapple, Exxon Mobil, Goodyear Tire, Kellogg, Motorola, Northrop Grumman, Potash, Raytheon, Sony, Southwest Air, Waste Mgmt
Jobless Claims
8:30 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
7-Yr Note Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
POST-MARKET EARNINGS:
Amgen, Expedia, MetLife
---------------------------------------------
FRIDAY, JULY 30:
PRE-MARKET EARNINGS:
Aon, Chevron, Simon Properties, Weyerhaeuser
GDP
8:30 AM ET
Employment Cost Index
8:30 AM ET
Chicago PMI
9:45 AM ET
Consumer Sentiment
9:55 AM ET
Farm Prices
3:00 PM ET
---------------------------------------------
STOCKS - ACTION ALERT -
That stock market rallied Friday afternoon after Committee of European Banking Supervisors announced that just seven of 91 European banks failed its stress test, five of them in Spain, one in Greece, and one in Germany. The Dow rallied 102.32 to 10424.62, the S&P gained 1102.66 to 8.99, and the NASDAQ rose 23.58 to 2269.47. Breadth was positive and volume was good.
The Friday afternoon rally was a fitting end to a week in which the markets rallied (SPX +3.55%) and the indexes broke through some of the initial resistance levels (SPX 1100). I mentioned many times that the odds favor a rally into August, but cautioned that this rally has lots of overhead resistance (SPX 1113.40 representing the 200 day moving average and 1131.23 from the June high) and should be seen as a bear market rally and a good opportunity to go short at the appropriate time.
Looking at the S&P 500 by virtue of its ability to cross above 1100 (touched 1103.73), the door is now open to 1120-1130 and perhaps 1160-1180. If volume turns south before then, so be it. I'll be eager to re-establish inverse index ETF positions. Overall, I have written that a July/August rally was cyclically in the stars, but it will be a prelude to the next market washout which could easily result in new lows, i.e., under the July 1 1010 low in the S&P 500 with potential into the mid 900s.
Remember 'Sell May and Go Away'? Well, that adage still applies. Come the fall which will like host a somewhat seasonal market correction, we will have an opportunity to revisit the equity markets on a more intermediate basis.
"There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling stocks daily-or sufficient knowledge to make his play an intelligent play." ~ Reminiscences of a Stock Operator
Another word of caution: Earnings results last week were strong, but top-line growth has been largely absent. The better than expected earnings have largely been the result of cost cutting. Furthermore, data suggests the economy has slowed recently. The economy was recovering from very depressed levels in quarters one and two which helped companies beat expectations. But now these companies will have to beat raised expectations at a time when the economy may be weakening again.
The news is being controlled by the Wall Street and government 'gangsters' (which is really the truth even though it appears to be sour grapes on my part). In my view, the economic outlook will continue to deteriorate in the months ahead and if we do get a rally into August, that would again present one heck of an opportunity to again play inverse ETFs.
Although most investors apparently interpreted this past week's earnings reports as indications that the U.S. economy and corporate operating results will continue to improve during the months ahead, a closer review of those reports and of some earnings reports issued this week paint somewhat of a different picture. It's called 'smoke and mirrors'. At the same time I recognize what I've often stated, i.e., bear market rallies can look better than bull markets simply because they are so vicious to the upside.
Having said all the above, the FTSE in London, the Nasdaq Composite and the Dow Transports (all leading indexes) are now trading above their respective 200 day moving averages. This is bullish unless they break back under.
The market saw a clear move to risk on Friday. Small Caps (IWM +2.46%) did much better than Large Caps (SPY +0.87%) and Consumer Discretionary (XLY +1.45%) beat out Consumer Staples (XLP +0.93%), even though Kimberly-Clark, a Consumer Staple stock, announced strong earnings.
Material stocks (XLB +2.20%) are the top performers as industrial metal prices continue to rise. Industrials (XLI +2.00%) was the second best performer after strong earnings from Honeywell and as traders bet on economic recovery.
Health Care (XLV -0.04%) was the only decliner, and it was barely down.
--------------------------------------------
DOW TRANSPORTS - ACTION ALERT -
Transportation stocks outperformed again on Friday with the Dow Jones Transportation Average rising 66.46 or 1.54% to 4369.71. While the S&P rose 3.55% and Dow Industrials rose 3.24% last week, the Dow Transports gained 6.09% for the week. Strong earnings from UPS (+6.69% last week), Union Pacific (UNP +7.40%), and the airlines (^XAL +5.37%) sparked the rally.
We're trading above both the 50 day and 200 day moving average. A 'Key Reversal' pattern to the upsdie set the bullish tone this past Tuesday. With the Dow Transports in an uptrend, I have to lean more to the bull side short-term, especially as the Transports have been such an important leading and coincident barometer to market action over the years. It may only be a bear market bounce, but until it reverses I wouldn't want to fight the tape.
--------------------------------------------
GOLD and METALS - ACTION ALERT -
Gold fell on Friday as traders abandoned their safe-haven positions and moved their funds to riskier plays, such as equities, and bet on a growing economy by buying industrial metals. Gold fell 4.80 to 1189.70, silver inched up 0.01 to 18.12, platinum jumped 15 to 1539, palladium rallied 8 to 462, and copper settled up 0.0205 at 3.1850. Gold has shown support off this past Tuesday's 1174.80 Spot market low. We may have very well already hit bottom, but I need further evidence as discussed in my VR GOLD LETTER. A special discount is offered to Silver and Platinum subscribers: www.vrgoldletter.com!
---------------------------------------------
BONDS - ACTION ALERT -
Bonds fell right after the announcement of the stress test results as traders sold their Treasuries to move funds into the equity market or overseas to Europe after the reassurance that most large banks there are unlikely to fail. The long bond future declined 30/32 to 127 5/32. Did you ever suspect for even a moment that the stress test announcements would be nothing less than 'managed news' to keep the markets highere? Of course not. Meanwhile, bonds are still positive in my work as the deflationary spiral continues to spread its tentacles.
---------------------------------------------
CRUDE OIL - ACTION ALERT -
Oil hit a 4-week high on Friday but then fell as traders realized Tropical Storm Bonnie wouldn't be strong enough to disrupt production in the Gulf of Mexico. Crude oil declined 0.32 to 78.98 after touching 79.60, its highest level since June 28. Natural gas is down 0.009 to 4.634.
Investors are exiting the oil- futures market at the fastest pace since the collapse of Lehman Brothers Holdings Inc. amid evidence the global economic recovery is slowing. Bets on West Texas Intermediate crude slumped 13.2 percent in the 60 days through July 20 to the lowest level since November, data from CME Group Inc.'s New York Mercantile Exchange and London's ICE Futures Europe exchange show. The last time open interest fell more was the 13.7 percent decline over the similar period through Oct. 7, 2008, three weeks after Lehman filed for the biggest bankruptcy in U.S. history.
Technical action, however, is reasonably positive as volume is creeping in on the long side. We could easily see a further 5% to 10% gain in Crude in coming weeks if present patterns persist.
---------------------------------------------
US DOLLAR - ACTION ALERT -
The US Dollar was up Friday morning as traders grew nervous about the stress test results, but then the Euro rallied and the Dollar fell after it was announced that only seven banks were at risk, most of those in weak Spain and Greece. The US Dollar Index finished Friday down 0.131 at 82.464 after trading as high as 83.028 earlier in the session.
The Dollar Index traded as low as 82.085 on July 16 following the 88.708 peak of June 7. Recall, I told you look for the 83.00 zone as a first target followed by 81.00-82.00. Next big objective could be as low as 77.00 if present patterns persist. So far, no upside volume, but if can cross above 83.451 on volume we can start talking about a possible trading bottom. Overall, I'm a bear on the U.S. Dollar for many of the same reasons I am bearish on the U.S. and its future. If there is a dramatic shift, however, in political outlook away from Socialism/Marxism and the general politically correct attitude of 'appeasement' to our enemies around the world, I may be swayed away from this position. There is no question in my mind over the long haul (next 10 years) I would rather be a holder of physical commodities especially Gold versus the U.S. Dollar. Alternatively, holding the Canadian Dollar, the Australian Dollar and even perhaps the Chinese Yuan makes greater sense.
---------------------------------------------
ECONOMIC NEWS:
Seven out of 91 European banks failed the region's long-awaited stress tests and may need to raise more than 3.5 billion euros ($4.5 billion) of additional capital, the Committee of European Banking Supervisors said Friday. Five of the lenders that failed were unlisted Spanish savings banks, with Germany's nationalized Hypo Real Estate and Greece's ATEBank also unable to maintain a Tier 1 capital ratio of more than 6% under the most severe scenario tested. The total losses of all the lenders tested would have been ?566 billion under the most severe scenario in the tests, CEBS said in a statement. But those banks that failed still only had a ?3.5 billion capital shortfall, it added.
COMPANY NEWS:
Amazon.com posted second-quarter earnings of $207 million, or 45 cents a share, well below the estimate for 53 cents a share. Higher costs in the most recent period resulted in the earnings miss, although earnings were up from $142 million or 32 cents a share a year ago. AMZN slipped 1.00%.
Microsoft's quarterly results came in better than analysts anticipated. Fiscal fourth-quarter net income was $4.5 billion, or 51 cents a share, from $3 billion or 34 cents a share in the same period last year. Revenue rose to $16.04 billion from $13.1 billion. Analysts had expected earnings of 46 cents a share on $15.2 billion in revenue. Nevertheless, MSFT was down 0.12%.
American Express said second-quarter net income came in at $1 billion, or 84 cents a share, up from $337 million, or 9 cents a share, a year ago. Consolidated total revenues, net of interest expense, were $6.9 billion, up 13% from the same period last year, the credit card giant said. American Express was expected to make 75 cents a share. AXP rose 3.70%.
Capital One Financial said late Thursday that second-quarter net income came in at $608 million, or $1.33 per common share. That compares with a loss of $277 million, or 66 cents a share, in the second quarter of 2009. Revenue in the second quarter of 2010 was $3.9 billion. COF declined 2.95%.
E-Trade Financial reported its first quarterly profit in three years late Thursday. Second-quarter net income came in at $35 million, or 12 cents a share. That compares to a net loss of $143 million, or $2.16 a share, in the same period a year earlier, the discount broker said. Net revenue was $534 million, down from $621 million in the year-ago period. E-Trade was expected to lose 11 cents a share in the most-recent period. ETFC gained 7.57%.
Fast food giant McDonald's said that its second-quarter profit rose 12% to $1.23 billion, or $1.13 a share, from $1.09 billion, or 98 cents a share, a year earlier. Total revenue rose to $5.95 billion from $5.65 billion. Global comparable sales rose 4.8%. Analysts estimated the company to earn $1.12 a share on sales of $5.92 billion. MCD fell 2.10%.
Ford Motor said its second-quarter net income rose to $2.6 billion, or 61 cents a share, from $2.3 billion, or 69 cents a share, in the year-ago period. Adjusted net income in the latest period totaled 68 cents a share. Revenue rose to $31.3 billion, from $26.8 billion. Excluding year-ago sales of its now-sold Volvo unit, revenue increased more than 30%. Wall Street analysts expected the auto giant to earn 40 cents a share, on revenue of $29.5 billion. Ford expects third-quarter production to rise by 126,000 units from year-ago levels, "reflecting continued strong demand for Ford products, maintenance of competitive stock levels, and the non-recurrence of prior-year stock reductions." F gained 5.21%.
Verizon Communications said it lost $198 million, or 7 cents a share, compared to earnings of $1.48 billion, or 52 cents a share, in the year-ago period. The latest quarter included 65 cents a share in charges related to a $2.3 billion employee severance program. Excluding the charge, the telecommunications giant earned 58 cents a share. Operating income fell to $2 billion from $4.4 billion. Revenue fell slightly to $26.8 billion, from $26.9 billion. Wall Street analysts expected earnings of 56 cents a share and revenue of $27 billion. VZ jumped 3.78%.
Honeywell International said its second-quarter earnings rose to $468 million from $450 million in the year-earlier period. On a per-share basis, quarterly earnings were flat at 60 cents, due to a rise in the weighted average number of shares outstanding. Excluding noncash pension expense, earnings in the latest period were 78 cents a share. Net sales increased to $8.16 billion from $7.57 billion. Analysts were expecting a profit of 57 cents a share on revenue of $7.99 billion. For the full year, Honeywell expects to report a profit of $2.40 to $2.50 a share, or $3.14 to $3.24 on an adjusted basis, on $32.4 billion to $32.9 billion in sales. HON was up 1.97%.
Kimberly-Clark said that its second-quarter profit rose 24% to $498 million, or $1.20 a share, from $403 million, or 97 cents a share, in the year-earlier period. Sales at the maker of Kleenex and Huggies diapers increased to $4.86 billion from $4.73 billion. Analysts were expecting a profit of $1.13 a share and sales of $4.94 billion. The company said it still expects to report adjusted earnings of $4.80 to $5 a share for the full year, though profit will likely come in closer to the low end of the range. Kimberly-Clark also said that it now sees net sales increasing 3% to 5% in 2010 versus previous expectations of 4% to 6%. KMB rallied 1.08%.
In non-earnings news:
Treasury Department announced Friday that it intends to sell more Citigroup Inc. shares as the agency moves toward closing out a chapter of the government's $700 billion bank bailout. The Treasury said it intends to sell 1.5 billion additional common shares of Citigroup, about 30% of the remaining 5.1 billion shares that it owns. The government has already sold 2.6 billion of the Citigroup shares in return for $10.5 billion in gross proceeds. C lost 1.71%.
---------------------------------------------
URANIUM - ACTION ALERT
Ux U3O8 Prices* (Uranium)
July 19, 2010 Posting
Spot: $41.75 UP 0.25. Bull market high in the cash market was $138.00.
The July Uranium Futures closed at $41.75. 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.
---------------------------------------------
Canadian TSX, TSX Venture and Canadian Dollar Commentary for our Canadian clients updated for Monday, July 26.
The Canadian market rallied on Friday, but underperformed, weighed down by a decline in gold and a rising currency. The TSX rose 46.45 or 0.40% to 11714.21.
You have to be impressed by the resiliency of the TSX which is only 4.8% off its bull market high (12,321.76 of April 15) versus the S&P 500 in the U.S. which is down 9.6% off its 1219.80 high from April 26.
Unless we break under 11,065, the July 5 low, the bull still appears to be in charge. If volume shifts dramatically to the downside before then, I will likely turn more cautious.
Canadian National Railway Co., the country's largest railroad, advanced 2.0 percent after its second-quarter profit topped the average analyst estimate by 13 percent.
Agrium Inc., Canada's second-biggest fertilizer producer, increased 2.5 percent after Mosaic, a US based fertilizer producers, announced earnings beat analyst forecasts.
The June Consumer Price Index fell 0.4% versus a gain of 0.3% in May. Consensus was a decline of 0.1%. The year-over-year rate rose 1 percent in June, the slowest in seven months, after a 1.4 percent gain in May, Statistics Canada said. The core rate that excludes eight volatile items slowed to 1.7 percent from 1.8 percent. Economists forecast the inflation rate would be 1 percent and the core rate 1.9 percent.
Energy 146.83 +1.41
Financials 172.42 +0.62
Health Care 40.97 +0.15
Industrials 100.07 +1.09
Information Technology 28.89 -0.22
Metals & Mining 959.80 +14.78
Telecommunications 86.53 +0.40
Utilities 198.06 +0.31
Resistance 11,742, 12,077, 12,210, 12,322, 12,375, 12,875, 12,968, 13,771, 13,875, 13,983, 14,157. Support is 11,065, 10,990, 10,800, 10,600, 10,400, 10,384, 9500, 9300, 9140.
---------------------------------------------
CANADIAN TSX Venture:
The Venture rallied a small amount as industrial metal prices rose but gold fell on Friday. The TSX Venture gained 6.56 or 0.47% to 1394.98.
Volume is positive here! I would be looking for a push into the 1430s or 1440s based on what I'm seeing at this time.
Resistance is 1442, 1497, 1514, 1536, 1636, 1688, 1691, 1730, 1780, 1830. Support is 1343, 1306, 1231.
--------------------------------------------
THE CANADIAN DOLLAR (using the FXC Exchange Traded Fund):
The Canadian Dollar rallied against the US Dollar and Japanese Yen as traders moved to riskier currencies, but slipped against the Euro as the Euro was particularly strong after the stress test results. FXC rose 0.31 to 95.97.
Resistance is 96.77, 98.11, 99.29, 100.00, 102.00, 110.00. Support is 91.82, 91.00, 89.75, 87.50 and 85.18.
---------------------------------------------
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.
---------------------------------------------
VOLUME REVERSALS FOR FRIDAY, JULY 22:
---------------------------------------------
POSITIVE VRs:
---------------------------------------------
.. CANADIAN STOCKS ... Canadian Stocks
ARZ AURIZON MINES LTD
CIE.UN CLAYMORE INTL FUNDAMENTALS
XCB ISHARES CDN DEX ALL C
---------------------------------------------
U.S. STOCKS:
---------------------------------------------
BANKING Money Center Banks
CS Credit Suisse Group
BANKING Regional - Mid-Atlantic Banks
ANCX Access National Corp
CCBG Capital City Bank Group
BANKING Regional - Midwest Banks
ASBC Associated Banc-corp
CHFC Chemical Financial Corp
BANKING Regional - Northeast Banks
ATLO Ames National Corporation
CBU Community Bank Systm Inc
BANKING Regional - Pacific Banks
BSRR Sierra Bancorp
SIVB SVB Financial Group
BANKING Regional - Southeast Banks
FCFL First Community Bank Corp
PBIB Porter Bancorp Inc
BANKING Regional - Southwest Banks
BOKF Bok Financial Corp
BANKING Savings & Loans
ASBI Ameriana Bancorp
FBC Flagstar Bancorp Inc
CHEMICALS Specialty Chemicals
SRDX Surmodics Inc
COMPUTER HARDWARE Computer Peripherals
SIGM Sigma Designs Inc
COMPUTER HARDWARE Data Storage Devices
DRAM Dataram Corp
COMPUTER HARDWARE Diversified Computer Systems
SGI Silicon Graphics Inc
COMPUTER SOFTWARE & SERVICES Application Software
BITS Bitstream Inc
WZE Wizzard Software Corp
COMPUTER SOFTWARE & SERVICES Business Software & Services
ISYS Integral Systems Inc
COMPUTER SOFTWARE & SERVICES Healthcare Information Service
MDAS Medassets` Inc. Common Stock
COMPUTER SOFTWARE & SERVICES Information Technology Service
SFE Safeguard Scientific Inc
TIER Tier Technologies Inc B
COMPUTER SOFTWARE & SERVICES Multimedia & Graphics Software
GLUU Glu Mobile Inc
CONSUMER NON-DURABLES Cleaning Products
CHD Church & Dwight Co Inc
CONSUMER NON-DURABLES Paper & Paper Products
SON Sonoco Products Company
CONSUMER NON-DURABLES Rubber & Plastics
FORD Forward Industries Inc
CONSUMER NON-DURABLES Textile - Apparel Clothing
APP Endeavor Acquisition Corp
DIVERSIFIED SERVICES Business/Management Services
ATHN Athenahealth
CRAI Cra International Inc
DIVERSIFIED SERVICES Consumer Services
HDSN Hudson Technologies Inc
DIVERSIFIED SERVICES Education & Training Services
APOL Apollo Group Inc Cl A
CECO Career Education Corp
DIVERSIFIED SERVICES Personal Services
JTX Jackson Hewitt
DIVERSIFIED SERVICES Rental & Leasing Services
WLFC Willis Lease Finance Cp
WSC Wesco Financial Corp
DIVERSIFIED SERVICES Research Services
EXEL Exelixis Inc
DIVERSIFIED SERVICES Staffing & Outsourcing Service
DHX Dice Holdings Inc
DRUGS Biotechnology
ANDS Anadys Pharmaceuticals
CADX Cadence Pharmaceuticals Inc
DRUGS Drug Manufacturers - Other
DVAX Dynavax Tech
SIGA Siga Pharmaceuticals Inc
DRUGS Drug Related Products
NAII Natural Alternatives Int
ELECTRONICS Diversified Electronics
BELFA Bel Fuse Inc Cl A
ELECTRONICS Scientific & Technical Instrum
CLRT Clarient Inc
CYBE Cyberoptics Corp
ELECTRONICS Semiconductor - Specialized
SOLF Solarfun Power Holdings Co Ltd
ELECTRONICS Semiconductor Equipment & Mate
BTUI Btu International Inc
TER Teradyne Inc
ENERGY Independent Oil & Gas
ATPG Atp Oil & Gas
KWK Quicksilver Resources
ENERGY Oil & Gas Drilling & Explorati
KRU Crusader Energy Group Inc
ENERGY Oil & Gas Equipment & Services
LUFK Lufkin Industries Inc
TRMA Trico Marine Services Inc
ENERGY Oil & Gas Refining & Marketing
CLMT Calumet Specialty Products Par
EROC Enroc Inds Inc
FINANCIAL SERVICES Asset Management
PJC Piper Jaffray Companies
FINANCIAL SERVICES Closed End Fund - Debt
CMK Colonial Intermarket I T
GCF Global Income & Currency Fund
FINANCIAL SERVICES Closed End Fund - Equity
BOM PowerShares DB Base Metals Dou
CCA Colonial Ca Insd Muni Fd
FINANCIAL SERVICES Closed End Fund - Foreign
BIE Blackrock Fl Municipal Bond Tr
FINANCIAL SERVICES Credit Services
CACC Credit Acceptance Corp
PLUS Eplus Incorporated
FINANCIAL SERVICES Diversified Investments
III Information Services Group Inc
MLG MetLife Inc
FINANCIAL SERVICES Investment Brokerage - Nationa
LTS Ladenburg Thalmann Finl
FINANCIAL SERVICES Investment Brokerage - Regiona
BLK Blackrock Incorporated
SWS Sws Group Inc
FOOD & BEVERAGE Beverages - Brewers
FMX Fomento Economico Mex
FOOD & BEVERAGE Beverages - Soft Drinks
JSDA Jones Soda Co
SPU Skypeople Fruit Juice
FOOD & BEVERAGE Dairy Products
SYUT Synutra International
FOOD & BEVERAGE Processed & Packaged Goods
FARM Farmer Brothers Co
FLO Flowers Foods Inc
HEALTH SERVICES Health Care Plans
CNC Centene Corp
HEALTH SERVICES Home Health Care
KAD Arcadia Resources Inc
HEALTH SERVICES Long-Term Care Facilities
CSU Capital Senior Living Cp
SKH Skilled Healthcare Group Inc
HEALTH SERVICES Medical Appliances & Equipment
DYNT Dynatronics Corp
HNSN Hansen Medical Inc
HEALTH SERVICES Medical Instruments & Supplies
BCR C.R. Bard Inc
BEAT Cardionet Inc.
HEALTH SERVICES Medical Laboratories & Researc
ARRY Array Biopharma Inc
HEALTH SERVICES Medical Practitioners
LCAV Lca-vision New
HEALTH SERVICES Specialized Health Services
ASGR America Service Group
NBS Neostem Inc
INSURANCE Life Insurance
CIA Citizens Inc
KCLI Kansas City Life Insur
INSURANCE Property & Casualty Insurance
AFE American Financial Group Inc
ALL Allstate Corporation
INTERNET Internet Information Providers
LOCM Local.Com Corp
REDF Rediff.Com India Ltd Ads
INTERNET Internet Software & Services
ADAT Authentidate Holding Corp
CTXS Citrix Systems Inc
LEISURE Resorts & Casinos
FLL Full House Resorts Inc
LEISURE Restaurants
BAGL Einstein Noah Restaurant Group
MANUFACTURING Industrial Electrical Equipmen
ENR Energizer Holdings
GB Greatbatch Inc
MANUFACTURING Metal Fabrication
GEG Gbl Power Inc
MANUFACTURING Small Tools & Accessories
CVR Chicago Rivet & Machine
MATERIALS & CONSTRUCTION Lumber
POPE Pope Resources Udr L.P.
MEDIA Broadcasting - Radio
ETM Entercom Communications
SGA Saga Commununications
MEDIA Publishing - Periodicals/News
PRM Primedia Inc
METALS & MINING Industrial Metals & Minerals
PLG Platinum Group Metal
METALS & MINING Nonmetallic Mineral Mining
CHBT China-Biotics Inc
METALS & MINING Steel & Iron
FRD Friedman Industries Inc
SHLO Shiloh Industries Inc
REAL ESTATE Property Management/Developmen
INTG Intergroup Corp
REAL ESTATE REIT - Diversified/Industrial
AMB Amb Property Corp
RETAIL Department Stores
BONT Bon-Ton Stores Inc
RETAIL Discount
CM Coles Myer Ltd
DUCK Duckwall-Alco Stores Inc
RETAIL Grocery Stores
VLGEA Village Super Market A
WFMI Whole Foods Market Inc
RETAIL Home Improvement Stores
BLDR Builders FirstSource Inc
SPECIALTY RETAIL Specialty Retail
PERF Perfumania Hlds Inc
SPECIALTY RETAIL Sporting Goods Stores
WINA Winmark Corp
TELECOMMUNICATIONS Communication Equipment
SATS Echostar Corporation Common St
TELECOMMUNICATIONS Diversified Communication Serv
QMM Q Comm International Inc
TRANSPORTATION Air Services
AIRM Air Methods Corp
TRANSPORTATION Shipping
ACLI American Commercial Lines Inc
UTILITIES Electric Utilities
DUK Duke Energy Corp
GAT Georgia Power Company
WHOLESALE Auto Parts Wholesale
KAR Adesa Inc
WHOLESALE Computers Wholesale
NAVR Navarre Corp
WHOLESALE Food Wholesale
DIT Amcon Distributing Co
NAFC Nash-finch Co
---------------------------------------------
NEGATIVE VRs
---------------------------------------------
.. CANADIAN STOCKS ... Canadian Stocks
MRU.A METRO INC CLASS A SUB CL A
---------------------------------------------
U.S. STOCKS:
---------------------------------------------
AEROSPACE/DEFENSE Aerospace/Defense Products & S
TASR Taser Intl
AUTOMOTIVE Auto Parts
JCI Johnson Controls Inc
BANKING Foreign Regional Banks
BCA Corpbanca Ads
BANKING Money Center Banks
UBS Ubs Ag Ord. Shares
BANKING Regional - Mid-Atlantic Banks
ABCB Abc Bancorp
ANNB Annapolis National Bncp
BANKING Regional - Midwest Banks
IBNK Integra Bank Corporation
MCBC Macatawa Bank Corp
BANKING Regional - Northeast Banks
MFLR Mayflower Co-Oper Bank
BANKING Regional - Pacific Banks
AMRB American River Bankshares
BANKING Savings & Loans
BKMU Bank Mutual Corporation
KFFB Kentucky First Federal Bancorp
COMPUTER HARDWARE Computer Peripherals
ELX Emulex Corp
TACT Transact Technologies
COMPUTER HARDWARE Data Storage Devices
BRCD Brocade Communications
COMPUTER HARDWARE Networking & Communication Dev
INPH Interphase Corp
COMPUTER SOFTWARE & SERVICES Application Software
CPWR Compuware Corp
QADI Qad Inc
COMPUTER SOFTWARE & SERVICES Business Software & Services
DSGX Descartes Systems Group
COMPUTER SOFTWARE & SERVICES Information & Delivery Service
GRU Gurunet Corporation
COMPUTER SOFTWARE & SERVICES Information Technology Service
HDY HyperDynamics Corp
CONGLOMERATES Conglomerates
CBE Cooper Industries Inc
CONSUMER DURABLES Electronic Equipment
RWC RELM Wireless Corporation
CONSUMER DURABLES Home Furnishings & Fixtures
LEG Leggett & Platt Inc
SCSS Select Comfort Corp
CONSUMER NON-DURABLES Paper & Paper Products
NP Neenah Papers Inc
CONSUMER NON-DURABLES Personal Products
ACV Alberto-Culver Cl B
CONSUMER NON-DURABLES Rubber & Plastics
GRN Greenman Technologies Inc
MYE Myers Industries Inc
CONSUMER NON-DURABLES Textile - Apparel Footwear & A
SKX Skechers Usa Inc
DIVERSIFIED SERVICES Business/Management Services
CTT Competitive Technologies
LPS Lender Processing Services` In
DIVERSIFIED SERVICES Personal Services
WOOF Vca Antech
DIVERSIFIED SERVICES Rental & Leasing Services
FLY Babcock & Brown Air
DIVERSIFIED SERVICES Research Services
CVD Covance Inc
ICLR Icon Plc Ads
DRUGS Biotechnology
ACAD Acadia Pharmaceuticals
AMGN Amgen Inc
DRUGS Diagnostic Substances
IDXX Idexx Laboratories Inc
PARD Poniard Pharmaceuticals
DRUGS Drug Manufacturers - Major
AZN Astrazeneca Plc
BMY Bristol-Myers Squibb Co
DRUGS Drug Manufacturers - Other
SCR Simcere Pharmaceutical Group
SNY Sanofi-Aventis
DRUGS Drug Related Products
NATR Nature's Sunshine Prods
DRUGS Drugs - Generic
PRX Par Pharmaceutical Co Inc
WPI Watson Pharmaceuticals
ELECTRONICS Diversified Electronics
DPW Digital Power Corp
ELECTRONICS Printed Circuit Boards
CLS Celestica Inc
FLEX Flextronics Internat Ltd
ELECTRONICS Scientific & Technical Instrum
BRKR Bruker Biosciences Corp
MOCO Mocon Inc
ELECTRONICS Semiconductor - Broad Line
STM Stmicroelectronics Nv
ELECTRONICS Semiconductor - Integrated Cir
IRSN Irvine Sensors Corp New
LAVA Magma Design Automation Inc
ELECTRONICS Semiconductor - Memory Chips
RMBS Rambus Inc
SNDK Sandisk Corp
ELECTRONICS Semiconductor - Specialized
LSI Lsi Logic Corp
MPWR Monolithic Power Systems
ELECTRONICS Semiconductor Equipment & Mate
ASMI Asm Internat N.V.
NVMI Nova Measuring Instrmts.
ENERGY Independent Oil & Gas
CHK Chesapeake Energy Corp
EOG Eog Resources Inc
ENERGY Major Integrated Oil & Gas
E Eni Spa Ads
ENERGY Oil & Gas Drilling & Explorati
ATLS Atlas America Inc
ESV Ensco International Inc
ENERGY Oil & Gas Equipment & Services
CLB Core Laboratories N.V.
SII Smith Internat Inc
ENERGY Oil & Gas Pipelines
BWP Boardwalk Pipeline Partners LP
DEP Duncan Energy Partners L.P.
ENERGY Oil & Gas Refining & Marketing
ETP Energy Transfer Pntr Lp
HOC Holly Corp
FINANCIAL SERVICES Asset Management
AB Alliance Bernstein Holding LP
PNSN Penson Worldwide Inc
FINANCIAL SERVICES Closed End Fund - Debt
BAF Blackrock Fl Ins Muni Inc Trus
BYM Blackrock Insured Muni Income
FINANCIAL SERVICES Closed End Fund - Equity
ALM Allmerica Securities Tr
BME Blackrock Health Sciences Trus
FINANCIAL SERVICES Closed End Fund - Foreign
FFD Morgan Stanley Frontier Emergi
FXF Rydex CurrencyShares Swiss Fra
FINANCIAL SERVICES Credit Services
COF Capital One Financial Cp
LOAN Dag Media Inc
FINANCIAL SERVICES Diversified Investments
CVA Covanta Holding Corp
HEK Heckmann Corp
FINANCIAL SERVICES Investment Brokerage - Nationa
IBKR Interactive Brokers Group Inc
FOOD & BEVERAGE Beverages - Soft Drinks
AKOA Embotelladora Andina A
CCH Coca-cola Hellenic Bottling Co
FOOD & BEVERAGE Food - Major Diversified
CPB Campbell Soup Co
FOOD & BEVERAGE Processed & Packaged Goods
GLDC Golden Enterprises Inc
JBSS John Sanfilippo & Son
HEALTH SERVICES Health Care Plans
CI Cigna Corp
HUM Humana Inc
HEALTH SERVICES Medical Appliances & Equipment
RSY Recom Managed Systems Inc
SNN Smith & Nephew Plc Ads
HEALTH SERVICES Medical Instruments & Supplies
ACU Acme United Corp
AIS Antares Pharma Inc
HEALTH SERVICES Specialized Health Services
FMS Fresenius Med Care Ag
INSURANCE Property & Casualty Insurance
MKV Markel Corp
INSURANCE Surety & Title Insurance
KMR Kinder Morgan Mgmt Llc
INTERNET Internet Information Providers
LEDR Market Keader Inc
INTERNET Internet Service Providers
NAVI Navisite Incorporated
INTERNET Internet Software & Services
AMZN Amazon.Com Inc
OTEX Open Text Cp
LEISURE General Entertainment
PRXI Premier Exhibitions Inc
LEISURE Restaurants
CAKE Cheesecake Factory Inc
DAVE Famous Dave's Of America
LEISURE Sporting Activities
ISCA Internat Speedway Corp A
MANUFACTURING Diversified Machinery
PRST Presstek Inc
MANUFACTURING Farm & Construction Machinery
ASTE Astec Industries
MANUFACTURING Metal Fabrication
MLI Mueller Industries Inc
MANUFACTURING Pollution & Treatment Controls
PCYO Pure Cycle Corp
MATERIALS & CONSTRUCTION Cement
CX Cemex Sa De Cv Ads
MATERIALS & CONSTRUCTION General Building Materials
DHR Danaher Corp
MATERIALS & CONSTRUCTION General Contractors
CAEI China Architectural
MATERIALS & CONSTRUCTION Manufactured Housing
CVCO Cavco Industries
MEDIA Advertising Services
VCLK Valueclick Inc
MEDIA Broadcasting - Radio
CCU Clear Channel Comm Inc
MEDIA Broadcasting - TV
CETV Central European Media
SBGI Sinclair Broadcast Gp A
MEDIA CATV Systems
CABL China Cablecom Holdings Ltd
MEDIA Publishing - Books
NED Noah Education Holdings` Ltd.
MEDIA Publishing - Periodicals/News
NYT New York Times Co The
METALS & MINING Copper
SLT Sterlite Industries
METALS & MINING Gold
HMY Harmony Gold Mining Co
PMU Pacific Rim Mining Corp
METALS & MINING Industrial Metals & Minerals
PVR Penn Va Resource Partners Lp
ZINC Horsehead Hldg Corp.
METALS & MINING Nonmetallic Mineral Mining
ARLP Alliance Rsrce Partners
HWD Harry Winston Diamond Corp
METALS & MINING Silver
MVG Mag Silver Corp
TRE Tan Range Exploration Inc
METALS & MINING Steel & Iron
NUE Nucor Corp
REAL ESTATE Property Management/Developmen
WPC Wp Carey & Co Llc
ZIPR Ziprealty Inc
REAL ESTATE REIT - Diversified/Industrial
DLR Digital Realty Trust Inc
REAL ESTATE REIT - Healthcare Facilities
CSA Cogdell Spencer Inc
REAL ESTATE REIT - Residential
PPS Post Properties Inc
REAL ESTATE REIT - Retail
KRG Kite Realty Grp Tr
RETAIL Electronics Stores
HGG HHGregg Inc
RETAIL Grocery Stores
DEG Etablissements Delhaize Freres
GAP Great Atlantic & Pac Tea
SPECIALTY RETAIL Apparel Stores
NWY New York & Company Inc
SPECIALTY RETAIL Specialty Retail
CLCT Collectors Universe Inc
PETM Petsmart Inc
TELECOMMUNICATIONS Communication Equipment
AWRE Aware Inc
CRNT Ceragon Networks Ltd
TELECOMMUNICATIONS Processing Systems & Products
ITI Iteris Inc
LIFE Lifeline Systems Inc
TELECOMMUNICATIONS Telecom Services - Domestic
EONC Eon Communications Corp
TELECOMMUNICATIONS Telecom Services - Foreign
CTEL City Telecom Hk Ltd Ads
MTA Magyar Tavkozlesi Ads
TELECOMMUNICATIONS Wireless Communications
DCM Ntt De Co Mo Adr
TOMO Tom Online
TRANSPORTATION Shipping
TMM Grupo Timm` S.a.
TRANSPORTATION Trucking
FWRD Forward Air Corporation
UTILITIES Diversified Utilities
NVE Nv Energy Inc
UTILITIES Electric Utilities
AEP American Electric Power
AYE Allegheny Energy Inc
UTILITIES Foreign Utilities
CPL Cpfl Energia Sa
HNP Huaneng Power Intl Inc
UTILITIES Gas Utilities
EQT Equitable Resources Inc
NFG National Fuel Gas Co
WHOLESALE Auto Parts Wholesale
CRV Coast Distribution Systs
GPC Genuine Parts Co
WHOLESALE Drugs Wholesale
ABC Amerisourcebergen Corp
WHOLESALE Medical Equipment Wholesale
MWIV MWI Veterinary Supply Inc
WHOLESALE Wholesale
AE Adams Resources & Energy
IGI Imagistics International Inc
---------------------------------------------
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.
---------------------------------------------
What is our true national debt?
http://www.truthin08.org/
---------------------------------------------
Judge scoffs at pre-emption argument in Arizona lawsuit.
Living here in Arizona and hearing that my state is a hotbed of 'rascists' when I travel, I am eager to present arguments for the truth as appears below.
It didn't take long for federal judge Susan Bolton to zero in on the holes in the Obama administration's argument in their lawsuit against Arizona and its new must-enforce policy on immigration violations. Bolton, a Democratic appointee, shot holes in the Department of Justice's pre-emption argument immediately, and in a broader sense wondered why the federal government concerned itself at all over Arizona's get-tough policy on illegal immigration:
"Why can't Arizona be as inhospitable as they wish to people who have entered or remained in the United States?" U.S. District Judge Susan Bolton asked in a pointed exchange with Deputy Solicitor General Edwin S. Kneedler. Her comment came during a rare federal court hearing in the Justice Department's lawsuit against Arizona and Gov. Jan Brewer ®.
Bolton, a Democratic appointee, also questioned a core part of the Justice Department's argument that she should declare the law unconstitutional: that it is "preempted" by federal law because immigration enforcement is an exclusive federal prerogative.
"How is there a preemption issue?" the judge asked. "I understand there may be other issues, but you're arguing preemption. Where is the preemption if everybody who is arrested for some crime has their immigration status checked?"
Answer: there is none. Even the DoJ recognizes that. They have a BIET program that is designed to help local law enforcement personnel do exactly what the White House complains Arizona is doing. Checking people who are arrested or detained for valid ID, and probing their status if they fail to have it, is so basic to law enforcement that Bolton must feel as though she's slipped into the Twilight Zone.
The answer to her first question will undoubtedly be that Arizona can't discriminate against people in their desire to be inhospitable. But SB1070 contains language specifically prohibiting discrimination, and sets objective measures on identification that will constitute a positive assumption of legal status. If the DoJ wants to argue that Arizona is applying the law in an unconstitutional manner, then they would have reason to take Arizona to court but not before the law goes into effect.
Based on the initial reactions of Bolton, the White House may get laughed out of court more quickly than first thought.
---------------------------------------------
Focusing on Wall Street Earnings Reports? Don't forget about North Korea.
A massive nuclear-powered U.S. supercarrier began maneuvers Sunday with ally South Korea in a potent show of force, four months after the sinking of a South Korean warship. North Korea threatened the exercises could lead to nuclear war.
The military drills, set to run through Wednesday, involve about 8,000 U.S. and South Korean troops, 20 ships and submarines and 200 aircraft. The USS George Washington, with several thousand sailors and dozens of fighter jets aboard, was deployed from Japan.
The exercises will be the first in a series of U.S.-South Korean maneuvers conducted in the East Sea off South Korea's east coast, and in the Yellow Sea closer to China's shores in international waters. The exercises also are the first to employ the F-22 stealth fighter which can evade North Korean air defenses in South Korea.
The American and South Korean defense chiefs announced last Tuesday in Seoul they would stage the military drills to send a clear message to North Korea to stop its "aggressive" behavior.
Washington and Seoul blame Pyongyang for the sinking of the 1,200-ton Cheonan warship in late March near the Koreas' maritime border. A five-nation team of investigators concluded a North Korean torpedo sank the Cheonan, considered the worst military attack on the South since the 1950-53 Korean War.
North Korea, which denies any involvement in the sinking, has warned the United States against attempting to punish it. The regime called the drills an "unpardonable military provocation" aimed at preparing an invasion.
"Our military and people will squarely respond to the nuclear war preparation by the American imperialists and the South Korean puppet regime with our powerful nuclear deterrent," the North's government-run Minju Joson newspaper said in a commentary headlined, "We also have nuclear weapons."
The commentary was carried by the official Korean Central News Agency.
The North's powerful National Defense Commission issued a similar threat Saturday, saying the country "will start a retaliatory sacred war . based on nuclear deterrent any time necessary in order to counter the U.S."
Pyongyang's rhetoric regarding using nuclear deterrence was seen by most as bluster, but its angry response to the maneuvers underscores the rising tension in the region.
The North routinely threatens attacks whenever South Korea and the U.S. hold joint military drills, which Pyongyang sees as a rehearsal for an invasion. The U.S. keeps 28,500 troops in South Korea and another 50,000 in Japan, but says it has no intention of invading the North.
South Korea was closely monitoring North Korea's military but spotted no unusual activity Sunday, the Defense Ministry said.
Though the impoverished North has a large conventional military and the capability to build nuclear weapons, it is not believed to have the technology needed to use nuclear devices as warheads.
U.S. Secretary of State Hillary Rodham Clinton announced Wednesday, after visiting the Demilitarized Zone dividing the two Koreas, the U.S. would slap new sanctions on the North to stifle its nuclear ambitions and punish it for the Cheonan sinking.
On Friday, the European Union said it, too, would consider new sanctions on North Korea.
In an apparent bow to China, the George Washington will participate in the exercise in the East Sea, but there are no plans for it to enter the Yellow Sea for subsequent exercises.
China, a traditional North Korean ally, has voiced concerns that military drills in the Yellow Sea could inflame tensions on the Korean peninsula and also fears exercises too close to its own shores could breach Chinese security.
The Nimitz-class George Washington had been expected to join in exercises code-named "Invincible Spirit" off South Korea sooner, but the Navy delayed those plans as the United Nations Security Council met to deliberate what action it should take over the Cheonan sinking.
The council eventually condemned the incident, but stopped short of naming North Korea as the perpetrator.
---------------------------------------------
--------------------------------------------------------------------------------
DISCLAIMER
--------------------------------------------------------------------------------
This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of VRTrader.com may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. VRTrader.com staff makes every effort to provide timely information to its subscribers but cannot guarantee s pecific delivery times due to factors beyond our control.
Copyright © 2010 VRTrader.com.
Do not duplicate or redistribute in any form.
VRTrader Update
Started by
TTHQ Staff
, Jul 26 2010 06:26 AM
No replies to this topic
