The VRTrader.com VR Silver Newsletter - Monday 12/27/2010
"Tools for the High Performance Trader"
Copyright ©2010, All rights reserved.
Redistribution in any form is strictly prohibited.
LEIBOVIT FILES | by Mark Leibovit
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Leibovit Files
Monday, December 27, 2010
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Holiday Trading Continues Including Potential Volatility!
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Commentary below from TIMER DIGEST's #1 Intermediate Market Timer for the 10-year period ending in 2007 AND the #2 Intermediate Market Timer for the 10-year period ending in 2009 - Mark Leibovit
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Link to Amazon.com's offering my new book: 'The Trader's Book of Volume':
http://tinyurl.com/2a494fb
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Current TIMER DIGEST Signals:
Stocks - Bull - Potential upside well into the 1300s or higher near-term and 1400s or higher intermediate term.
Gold - Bull - 1500+ next target here - but we need clear recent highs on volume to confirm.
Bonds - Neutral - Technicals call for a continuing Bear, that is, higher rates
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UPCOMING ECONOMIC RELEASES/MARKET EVENTS
DECEMBER 27 - 31, 2010:
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MONDAY, DECEMBER 27:
PRE-MARKET EARNINGS REPORTS:
Cal-Maine Foods
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
2-Yr Note Auction
1:00 PM ET
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TUESDAY, DECEMBER 28:
Turnaround Tuesday
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
5-Yr Note Auction
1:00 PM ET
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WEDNESDAY, DECEMBER 29:
PRE-MARKET EARNINGS REPORTS:
Imperial Sugar
MBA Purchase Applications
7:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
7-Yr Note Auction
1:00 PM ET
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THURSDAY, DECEMBER 30:
Jobless Claims
8:30 AM ET
Chicago PMI
9:45 AM ET
Pending Home Sales Index
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
Farm Prices
3:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
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FRIDAY, DECEMBER 31:
SIFMA Rec. Early Close
2:00 ET
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STOCKS - ACTION ALERT -
The stock market finished a short holiday week with a whimper, much as it has traded for the last two weeks. A series of economic reports did little to move the market after they produced few surprises and were largely as expected. Nevertheless, the Dow Industrials closed at a two-year high as the trend remains bullish despite the slow action of late. The Dow Jones Industrial Average rose 14 points, or 0.12%, to 11573.49, its highest closing level since August 2008. However, most indexes declined on Thursday. The Nasdaq Composite fell 5.88, or 0.22%, to 2665.60. The Standard & Poor's 500-stock index shed 2.07, or 0.16%, to 1256.77. Volume was extremely light and breadth was mixed.
Bullish sentiment is running high, expectations that stock prices will rise over the next six months, rose 13.1% to 63.3% in the latest AAII Sentiment Survey. This is the highest level of optimism since November 18, 2004. This is also the 16th
straight week that bullish sentiment has been above its historical average of 39%, the longest such streak since 2004. Bearish sentiment fell -10.7% to 16.4%, below its historical average 30%.
Markets topped last week coincident (?) with the Winter Solstice. They are also overbought, but momentum has NOT turned south. Best guess? Market continues higher into January with the S&P 500 crosses through 1300. If we correct first (my preferred scenario), barring an outlier event or extreme negative volume, it will be a gift for traders to position on the long side. A shakeout is coming, but from what level? If the trend is higher, you will need courage and staying power if you get caught in one of the inevitable mini-tsunamis. One safe strategy is to wait for a tsunami before committing any new capital. I would define a tsunami as a correction of 50 or more points in the S&P 500.
The commodity sectors were the top gainers (XLB +0.26% and XLE +0.28%) as oil rallied and metals finished mixed. Both of these indexes pushed their way to better than two-year highs, the only ones to do so on Thursday.
Meanwhile Financials were the worst sector (XLF -0.72%) after Greek CDS rates widened to record levels and Fitch downgraded Portugal (see currency section below).
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DOW TRANSPORTS - ACTION ALERT -
Transportation stocks underperformed again Thursday, a bearish sign for a market that has struggled to rally recently. The Dow Jones Transportation Average fell 19.90 or 0.39% to 5078.92. For the week, the Dow Transports gained 0.55%, less than the Dow Industrials' 0.71% gain and the 1.03% rally in the S&P 500. More important, while the Dow Industrials and S&P 500, along with many other indexes, hit new multi-year highs last week, the Dow Transports failed to do so. Still, they overall target higher as signaled by the IYT (Transports ETF).
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GOLD and METALS - ACTION ALERT -
Precious metals traded with little direction and finished mixed as traders headed out early for the holiday weekend and there was little news to move the market. Gold fell 5.50 to 1379.50 but silver rose 0.05 to 29.28. Platinum declined 11 to 1712 but palladium was up 4 to 753. Copper slipped 0.0165 to 4.2585.
With the strength in the Dollar, traders are caught between a rock and a hardplace. will the metals ignore the Dollar and push higher (along with other commodities) or will we see a further shakeout? As in equities, I think we will see both, but the trick will be to 'time' the swings. A sharp sell-off now would in my opinion afford a good opportunity to get long. If we surge to new highs, that would provide a trading exit point ahead of the inevitable shakeout. Long-term players can sit tight, but be prepared for the possibility of a 20% to 25% correction at some point in 2011!
For more in depth coverage of all the week's action, subscribe to the VR Gold Newsletter. http://www.vrgoldletter.com/
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URANIUM - ACTION ALERT
Ux U3O8 Prices* (Uranium)
December 20, 2010 Posting
Spot: $62.50 UP 0.75. Bull market high in the cash market was $138.00.
The December Uranium Futures closed at $62.50. 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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BONDS - ACTION ALERT-
Treasuries fell a little on Thursday after the economic news came in largely as expected and the economy slowly but surely recovers. The long bond future lost 11/32 to 120 14/32.
The Treasury Department announced it would sell $99 billion in debt this week. The government will auction $35 billion in 2-year notes on Monday, followed by $35 billion in 5-year debt on Tuesday. A sale of $29 billion in 7-year notes on Wednesday will end the sales in what will be another holiday-shortened week. The amounts are unchanged from last month's sales and in-line with analysts' estimates.
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CRUDE OIL - ACTION ALERT -
Oil rose 1.03 to 91.51 and has hit a new two-year high of 91.63 as the US, Europe, and even Australia experienced unseasonably cold weather and the data shows the US economy continues to recover. I am curretly targeting Crude Oil to $94.00 at minimum and possibly $99.00 or higher in the weeks or months ahead.
Natural gas declined 0.069 to 4.083 after the Energy Information Administration reported a weekly drop in natural-gas stockpiles that was slightly deeper than expectations. The EIA said working gas in storage fell 184 billion cubic feet in the week ended Dec. 17. Analysts polled by Platts were expecting a drawdown of between 178 billion and 182 billion cubic feet.
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US DOLLAR - ACTION ALERT -
The US Dollar Index fell after China offered to bail out debt-ridden countries in the euro zone. The US Dollar Index lost 0.231 to 80.496.
The Mail Online reports: "China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7 trillion overseas investment fund. The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4 billion of Portuguese government debt."
Fitch Ratings on Thursday downgraded Portugal's credit rating to A+ from AA-. The agency also downgraded Portugal's short-term currency rating to F1 from F1+. Fitch cited a slow reduction in Portugal's deficit and a tougher financing environment as reasons for the downgrade.
The Greek government is considering a plan to restructure its debt after 2013 when a current loan agreement with the European Union and the International Monetary Fund expires. The report in the daily Ta Nea newspaper, which didn't cite sources, said the government wouldn't seek a discount on the face value of existing bonds nor any kind of restructuring before 2013. The report, however, indicates that a renegotiation of interest payments on existing Greek bonds held by private investors is being weighed for the first time. The report helped push spreads on Greek credit default swaps to record wide levels.
Ireland's High Court on Thursday granted a request allowing the Finance Ministry to inject ?3.7 billion into struggling Allied Irish Banks PLC (AIB -17.3%). "The order allows the Minister to provide capital so as to ensure AIB meets its year-end capital requirement as set by the Central Bank. This capital is essential to allow AIB to fulfill its role in supporting the Irish economy," said the Finance Ministry in a statement. The government of Ireland will now own 92.8% of AIB from the cash injection which will come from the government's National Pension Reserve Fund. The Irish High Court has ordered AIB to cancel its listing of ordinary shares on the main securities market of the Irish Stock Exchange and apply for listing on the Enterprise Securities Market of the Irish Stock Exchange. AIB has been ordered to also cancel trading on the main market of the London Stock Exchange.
The Euro rose 0.11% against the Dollar.
The Dollar has experienced a nice rally and didn't quite make it to the 200 day moving average (at8 2.00). Above that level, however, a more sustainable rally will likely ensue next to 84.00 and possibly 89.00. Regardless, I remain a long-term bear.
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ECONOMIC NEWS:
The number of U.S. workers filing new applications for jobless benefits fell slightly last week to 420,000, the Labor Department reported Thursday. Economists had expected initial claims in the week of Dec. 18 to total about 421,000 on a seasonally adjusted basis. The prior week's number was revised up by 2,000 to 423,000. The four-week average of new claims rose 2,500 to 426,000. The moving average is considered a more accurate barometer of employment trends because it smoothens out quirks in the weekly data. In the week of Dec. 11, meanwhile, the number of people who continued to receive benefits under state unemployment programs dropped 103,000 to a seasonally adjusted 4.06 million. Altogether, 8.88 million people received some kind of state or federal benefits in the week of Dec. 4, on an unadjusted basis. That was down 308,338 from the prior week.
Orders for U.S.-made durable goods declined 1.3% in November, led down by transportation-equipment orders, the Commerce Department reported Thursday. Economists had expected a decline of 0.5%. Excluding transportation, new orders rose 2.4%. Core durable-goods orders, which are orders for capital goods excluding defense and aircraft, rose 2.6% in November after a 3.6% decline in October. Shipments of durable goods fell 0.3% in November, while inventories rose 0.6%. Durable-goods orders in October were revised to a decline of 3.1% from a prior estimate of a 3.4% drop. Durable goods are expensive items designed to last three years or longer, and while the data is volatile from month to month, analysts see a trend in orders as a valuable leading economic indicator.
Year-over-year core inflation remained at 0.8% in November, matching the record low reached in the prior month, the Commerce Department reported Thursday. The data go back to 1960. The core personal consumption expenditure price index excludes food and energy. This core gauge of inflation rose 0.1% in November, as expected by economists. The overall inflation gauge rose 0.1% in November, after a 0.2% gain in October. This overall inflation is up 1% in the past year, the lowest since October of 2009. The government's inflation gauges are broad based, and consumers may be more sensitive to price changes of particular items that are frequently purchased, such as gasoline.
The Commerce Department reported that personal incomes rose 0.3% in November, compared with 0.2% expected by economists. Spending gained 0.4%, while Wall Street had expected a gain of 0.5%. Real disposable incomes rose 0.2% in November.
A gauge of U.S. consumer sentiment rose to 74.5 in late December from 71.6 in November, according to media reports on Thursday of the Reuters/University of Michigan index. The December reading matched expectations of economists. Despite the gain in December, the gauge is below pre-recession levels of more than 80. While there have been some signs of improvement in the economy, consumers remain concerned about jobs.
Sales of new single-family homes climbed 5.5% in November, a government report said Thursday, as the housing market continues to show stability at weak levels. The Commerce Department said new-home sales rose to a seasonally-adjusted annual rate of 290,000, from a downwardly revised 275,000 in October. The sales level missed economists estimate of 295,000, and the initial government report said October sales were 283,000. The pace of sales is 21.2% below that of November 2009. The median sales price of new houses sold in November was $213,000, up 8% on October but 2.6% below year-earlier levels.
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CORPORATE NEWS:
Micron Technology reported a sharp jump in revenue for the first fiscal quarter, though sales for the period came in below Wall Street's estimates. For the quarter ended Dec. 2, Micron reported earnings of $155 million, or 15 cents a share, compared to earnings of $204 million, or 23 cents a share, for the same period the previous year. Revenue grew 29% to $2.3 billion. Analysts were expecting earnings of 29 cents a share on revenue of $2.38 billion. MU fell 4.11%.
Bed Bath & Beyond reported a fiscal third-quarter profit of $188.6 million, or 74 cents a share, up from $151.3 million, or 58 cents a share, a year ago. Sales rose 11.1% to $2.19 billion. Analysts were looking for earnings of 66 cents a share on revenue of $2.1 billion. The company said it expects to post a profit of $2.86 to $2.90 a share for the full year. Wall Street previously forecast earnings of $2.82 a share. Bed Bath & Beyond also said its board of directors authorized a new $2 billion share repurchase program, which is set to start in early fiscal 2011. BBBY rose 5.10%.
Anglo-Australian mining giant Rio Tinto Ltd. said that it will pay 16 Australian dollars a share for Riversdale Mining Ltd., valuing the firm at A$3.9 billion ($3.9 billion). Rio Tinto has made pre-bid agreements in relation to 14.9% of Riversdale's shares. It said that the deal will provide it with a substantial coking-coal development pipeline in the emerging Moatize Basin in Mozambique. RIO slipped 0.82%.
Jo-Ann Stores will be acquired by an affiliate of private-equity firm Leonard Green & Partners LP for about $1.6 billion, or $61 a share, in cash. Jo-Ann's board has approved the deal and is recommending that shareholders adopt the agreement. The acquisition is expected to close in the first half of calendar 2011, subject to customary closing conditions. Under terms of the agreement, the retailer's board will also be allowed to solicit other proposals through Feb. 14. JAS rallied 31.91%.
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Canadian TSX, TSX Venture and Canadian Dollar Commentary for our Canadian clients updated for Monday, December 27:
The Canadian market finished little changed as pressure from a strong Canadian Dollar was offset by the rally in oil. The TSX dropped 9.50 or 0.07% to 13371.20. We posted a new bull market high on Wednesday at 13,397.29. As I mentioned, though I am overall bullish, I cannot offer you a specific upside target at this time. My most recent target mentioned in these columns was 13,400 formed back on October 1.
Gross domestic product grew 0.2 percent to a seasonally adjusted annual rate of C$1.24 trillion ($1.22 trillion) in October following a 0.1 percent contraction in September, Statistics Canada said. Economists forecast a 0.3 percent gain, based on the median of 21 forecasts.
Agrium and Potash Corp. of Saskatchewan Inc. gained after the U.S. reported soybean exports surged ninefold in the week ending Dec. 16 due to demand from China and soybean futures advanced to a 28-month high. Corn completed a fifth straight weekly gain. Agrium advanced 1.7 percent to C$86.87. Potash Corp., the world's largest fertilizer producer by market value, increased 1.4 percent to C$145.91.
Energy 323.68 0.16 (0.05%)
Financials 183.43 -0.47 (-0.26%)
Health Care 50.79 -0.20 (-0.39%)
Industrials 110.08 -0.21 (-0.19%)
Info Tech 31.07 -0.08 (-0.26%)
Metals & Mining 1,440.71 -7.54 (-0.52%)
Telecom 89.99 -0.25 (-0.28%)
Utilities 222.51 -0.83 (-0.37%)
Resistance 13,367, 13,600, 13,771, 13,875, 13,983, 14,157. Support is 13,123, 12,850, 12,501, 12,200, 12,055, 11,750, 11,480, 11,380, 11,065, 10,990, 10,800, 10,600, 10,400, 10,384, 9500, 9300, 9140.
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CANADIAN TSX Venture:
The Venture managed a gain as metals finished mixed Thursday but traders looked for potential takeover candidates amid all the M&A activity recently. The TSX Venture rose 8.02 or 0.37% to 2175.36, a new bull-market high.
Resistance: 2200, 2340. Support: 2070, 1995, 1974, 1902, 1887, 1806, 1788, 1740, 1666, 1630, 1580, 1500, 1439, 1425, 1375, 1343, 1306, 1231.
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THE CANADIAN DOLLAR (using the FXC Exchange Traded Fund):
The Canadian Dollar rallied as the price of Canada's larger export item, oil, rose and following Canadian Finance Minister Jim Flaherty said next year's budget will contain measures to help bolster economic growth while adhering to the longer-term goal of a balanced budget. FXC rose 0.47 to 98.53.
Resistance is 100.00, 102.00, 110.00. Support is 95.96, 93.20, 92.50 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:
http://www.vrtrader..../ViewVRList.asp
THESE WILL SOON BE MADE AVAILABLE THROUGH METASTOCK AS A 'PLUG-IN' INDICATOR. Information from Metastock will be forthcoming early in the first quarter of 2011. Meanwhile, you can contact Metastock at http://www.equis.com/ for more details.
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VOLUME REVERSALS FOR THURSDAY, DECEMBER 23, 2010:
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POSITIVE VRs
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.. CANADIAN STOCKS ... Canadian Stocks
ARX ARC RESOURCES LTD. EX
HJD.UN HORIZONS BETAPRO MSCI
HXD HORIZONS BETAPRO S&P/TSX BP A
IVN.UN IVANHOE MINES
VT.UN VITERRA INC
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U.S. STOCKS:
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AEROSPACE/DEFENSE Aerospace/Defense Products & S
HXL Hexcel Corp
AUTOMOTIVE Auto Manufacturers - Major
GM General Motors Corp
BANKING Regional - Mid-Atlantic Banks
CFFI C&F Financial Corp
CWBS Commonwealth Bankshs Va
BANKING Regional - Midwest Banks
FBMI Firstbank Corp
OVBC Ohio Valley Banc Corp
BANKING Regional - Northeast Banks
ASRV Ameriserv Finl Inc Cap Tr I
PKBK Parke Bancorp Inc
BANKING Regional - Southeast Banks
NBY Nbc Capital Corporation
BANKING Savings & Loans
EFC Efc Bancorp Inc
HFFC Hf Financial Corp
CHEMICALS Specialty Chemicals
BRC Brady Corporation Cl A
CHEMICALS Synthetics
NL Nl Industries Inc
COMPUTER HARDWARE Computer Peripherals
TACT Transact Technologies
COMPUTER HARDWARE Data Storage Devices
DRAM Dataram Corp
COMPUTER SOFTWARE & SERVICES Application Software
NTWK Netsol Tech Inc
PVSW Pervasive Software Inc
COMPUTER SOFTWARE & SERVICES Business Software & Services
PSOF Pansoft Company Limited
WIT Wipro Ltd Ads
COMPUTER SOFTWARE & SERVICES Information Technology Service
NCIT NCI Inc
CONSUMER DURABLES Business Equipment
LYTS Lsi Industries Inc
CONSUMER DURABLES Electronic Equipment
ATA Apogee Tech Inc
CONSUMER DURABLES Housewares & Accessories
LANC Lancaster Colony Corp
CONSUMER DURABLES Sporting Goods
CYB Cybex Internat
CONSUMER DURABLES Toys & Games
LF Leapfrog Enterprises Inc
CONSUMER NON-DURABLES Cleaning Products
ECL Ecolab Inc
CONSUMER NON-DURABLES Packaging & Containers
CNST Constar Internatl
CONSUMER NON-DURABLES Personal Products
CAW Cca Industries Inc
DIVERSIFIED SERVICES Business/Management Services
BDMS Birner Dental Management Servi
DEX Dex Media Inc
DIVERSIFIED SERVICES Education & Training Services
ESI Itt Educational Services
DIVERSIFIED SERVICES Staffing & Outsourcing Service
VOL Volt Info Sciences Inc
DRUGS Biotechnology
ACOR Acorda Therapeutics Inc
MNOV MediciNova Inc.
DRUGS Drug Manufacturers - Major
LLY Eli Lilly & Company
DRUGS Drug Manufacturers - Other
ALT Alteon Inc
PCYC Pharmacyclics Inc
ELECTRONICS Diversified Electronics
LDK LDK Solar Co Ltd
ELECTRONICS Printed Circuit Boards
BHE Benchmark Electronics
ELECTRONICS Scientific & Technical Instrum
ESLT Elbit Systems
LCRY Lecroy Corp
ELECTRONICS Semiconductor - Integrated Cir
SOL ReneSola Ltd.
ELECTRONICS Semiconductor - Specialized
SOLF Solarfun Power Holdings Co Ltd
ELECTRONICS Semiconductor Equipment & Mate
VRGY Verigy Ltd
ENERGY Independent Oil & Gas
SSL Sasol Ltd Adr
ENERGY Major Integrated Oil & Gas
BP Bp Plc
ENERGY Oil & Gas Drilling & Explorati
NE Noble Corp
PBR Petroleo Brasileiro Sa
ENERGY Oil & Gas Equipment & Services
ACGY Acergy S.A. Ads
FINANCIAL SERVICES Closed End Fund - Debt
BBK Blackrock Municipal Bond Trust
BHV Blackrock Va Muni Bond Trust
FINANCIAL SERVICES Closed End Fund - Equity
ADRD BLDRS Developed Markets 100 AD
DES WisdomTree SmallCap Dividend F
FINANCIAL SERVICES Closed End Fund - Foreign
CEE The Central Europe & Russia Fd
DLS WisdomTree International Small
FINANCIAL SERVICES Credit Services
AEA Advance America
LOAN Dag Media Inc
FINANCIAL SERVICES Diversified Investments
AFC Allied Capital
AMTC Ameritrans Capital Corp
FINANCIAL SERVICES Investment Brokerage - Regiona
SIEB Siebert Financial Corp
FOOD & BEVERAGE Farm Products
GRO Agria Corp
FOOD & BEVERAGE Food - Major Diversified
K Kellogg Co
UL Unilever Plc
FOOD & BEVERAGE Processed & Packaged Goods
FLO Flowers Foods Inc
SNAK Poore Brothers Inc
HEALTH SERVICES Home Health Care
KAD Arcadia Resources Inc
HEALTH SERVICES Medical Appliances & Equipment
EXAC Exactech Inc
RSY Recom Managed Systems Inc
HEALTH SERVICES Medical Instruments & Supplies
LUX Luxottica Group Spa Adr
HEALTH SERVICES Medical Laboratories & Researc
ENZ Enzo Biochem Inc
INSURANCE Life Insurance
PUK Prudential Plc Ads Uk
INSURANCE Property & Casualty Insurance
AFFM Affirmative Insurance Hldgs In
AVF American International Group
INSURANCE Surety & Title Insurance
MBI Mbia Inc
INTERNET Internet Software & Services
GSIC Gsi Commerce Inc
MANUFACTURING Diversified Machinery
AIXG Aixtron Aktiengesellschaft Ads
MANUFACTURING Industrial Electrical Equipmen
CECE Ceco Environmental Corp
FELE Franklin Electric Co Inc
MANUFACTURING Industrial Equipment & Compone
MWA Mueller Water Products Inc
MANUFACTURING Small Tools & Accessories
MKTAY Makita Corp Spons Adr
MANUFACTURING Textile Manufacturing
CFI Culp Inc
MATERIALS & CONSTRUCTION General Building Materials
NCS Nci Building Systems Inc
MATERIALS & CONSTRUCTION Heavy Construction
AGX Argan` Inc.
GV Goldfield Corp
MATERIALS & CONSTRUCTION Residential Construction
AXR Amrep Corp
MEDIA Publishing - Periodicals/News
LEE Lee Enterprises Inc
WPO Washington Post Co Cl B
METALS & MINING Industrial Metals & Minerals
NANX Nanophase Technologies C
REAL ESTATE Mortgage Investment
CHC Chartermac
REAL ESTATE Property Management/Developmen
ZIPR Ziprealty Inc
RETAIL Catalog & Mail Order Houses
DLIA dELiA*s Inc
RETAIL Electronics Stores
BBY Best Buy Co Inc
RETAIL Home Furnishing Stores
BBBY Bed Bath & Beyond Inc
HVT Haverty Furniture Cos
SPECIALTY RETAIL Apparel Stores
CBK Christopher & Banks Corp
SPECIALTY RETAIL Sporting Goods Stores
DOVR Dover Saddlery Inc
TELECOMMUNICATIONS Communication Equipment
ANTP Phazar Corp
CLRO Clearone Communications
TELECOMMUNICATIONS Processing Systems & Products
BDR Blonder Tongue Labs
TELECOMMUNICATIONS Telecom Services - Foreign
SKM Sk Telecom Co Ltd
TELECOMMUNICATIONS Wireless Communications
TKC Turkcell Iletisim Hzmt As New
UTILITIES Electric Utilities
ELP Companhia Paranaense De
WHOLESALE Drugs Wholesale
RELV Reliv International Inc
WHOLESALE Medical Equipment Wholesale
AHII Animal Health Intl Inc
OMI Owens & Minor Inc
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NEGATIVE VRs
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.. CANADIAN STOCKS ... Canadian Stocks
CIE.UN CLAYMORE INTL FUNDAMENTALS
CRQ.UN CLAYMORE CANADIAN FUN
FN.UN FIRST NATIONAL FINANC
GTU.UN Central Gold Trust
HBU HORIZONS BETAPRO COME
HXU HORIZONS BETAPRO S&P/
NBD NORBORD INC
TCM.UN THOMPSON CREEK METALS CO
TWF.UN TIMBERWEST FOREST COR
WJA WESTJET AIRLINES COMP
XIC IUNITS COMPOSITE CDN
XIU.UN IUNITS S&P/TSX 60 IND
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U.S. STOCKS:
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AEROSPACE/DEFENSE Aerospace/Defense Major Dive
GR Goodrich Corp
LMT Lockheed Martin Corp
AUTOMOTIVE Auto Parts
MPAA Motorcar Parts of America` Inc
BANKING Foreign Regional Banks
BCA Corpbanca Ads
BANKING Money Center Banks
RBS The Royal Bank of Scotland Gro
BANKING Regional - Mid-Atlantic Banks
ECBE Ecb Bancorp Inc
FBNC First Bancorp Nc
BANKING Regional - Midwest Banks
OSBC Old Second Bancorp Inc
TAYC Taylor Capital Group Inc
BANKING Regional - Northeast Banks
ATLO Ames National Corporation
CAC Camden National Corp
BANKING Regional - Pacific Banks
BBNK Bridge Cap Hldgs
WBCO Washington Banking Co
BANKING Regional - Southeast Banks
AUBN Auburn National Banc Inc
RBCAA Republic Bancorp Inc Cla
BANKING Regional - Southwest Banks
CASS Cass Commercial Corp
BANKING Savings & Loans
ASBI Ameriana Bancorp
CHFN Charter Financial Corp
CHEMICALS Specialty Chemicals
PENX Penford Corp
CHEMICALS Synthetics
AWC Alumina Limited
HUN Huntsman
COMPUTER HARDWARE Computer Peripherals
ELON Echelon Corporation
ELX Emulex Corp
COMPUTER HARDWARE Diversified Computer Systems
CRAY Cray Incorporated
COMPUTER HARDWARE Networking & Communication Dev
JNPR Juniper Networks
SMCI Super Micro Computer
COMPUTER SOFTWARE & SERVICES Application Software
FNDT Fundtech Ltd
PROJ Deltek` Inc. Common Stock
COMPUTER SOFTWARE & SERVICES Business Software & Services
PEGA Pegasystems Inc
TIBX Tibco Software Inc
COMPUTER SOFTWARE & SERVICES Information Technology Service
SRX Sra Intl Inc
CONSUMER DURABLES Appliances
ARCI Appliance Recycling Centers of
IRBT iRobot Corp
CONSUMER DURABLES Electronic Equipment
DTSI DTS Inc
ICOP ICOP Digital Inc
CONSUMER DURABLES Home Furnishings & Fixtures
FLXS Flexsteel Industries Inc
STLY Stanley Furniture Inc
CONSUMER DURABLES Sporting Goods
BC Brunswick Corp
CONSUMER DURABLES Toys & Games
CTIB Cti Industries Corp
HAS Hasbro Inc
CONSUMER NON-DURABLES Packaging & Containers
GEF-B Greif Brothers Corp B
CONSUMER NON-DURABLES Paper & Paper Products
BKI Buckeye Technologies Inc
CONSUMER NON-DURABLES Rubber & Plastics
CSL Carlisle Companies Inc
JAH Jarden Corp
CONSUMER NON-DURABLES Textile - Apparel Clothing
RL Polo Ralph Lauren Corp
DIVERSIFIED SERVICES Business/Management Services
ORS Orsus Xelent Technologies Inc.
SVM Servicemaster Co The
DIVERSIFIED SERVICES Consumer Services
SFLY Shutterfly Inc
STAN Standard Parking
DIVERSIFIED SERVICES Education & Training Services
MMS Maximus Inc
SCIL Scientific Learning Corp
DIVERSIFIED SERVICES Research Services
DCTH Delcath Systems Inc
REFR Research Frontiers Inc
DIVERSIFIED SERVICES Staffing & Outsourcing Service
KFY Korn Ferry International
DRUGS Biotechnology
ATHX Athersys Inc
BNVI Bionovo Inc
DRUGS Diagnostic Substances
DDD SCOLR Pahrma Inc
ROSG Rosetta Genomics Ltd Ord
DRUGS Drug Manufacturers - Major
NVS Novartis Ag Ads
DRUGS Drug Manufacturers - Other
AGN Allergan Inc
ALO Alpharma Inc
DRUGS Drug Related Products
DDSS Labopharm Inc
USNA Usana Health Science Inc
ELECTRONICS Diversified Electronics
CPII CPI International Inc
ELECTRONICS Printed Circuit Boards
SMTX Smtc Corporation
ELECTRONICS Scientific & Technical Instrum
ANEN Anaren Inc
OYOG Oyo Geospace Corp
ELECTRONICS Semiconductor - Integrated Cir
IPGP Ipg Photonics Corp
SMI Semiconductor Manufacturing
ELECTRONICS Semiconductor Equipment & Mate
BTUI Btu International Inc
LTXC Ltx Credence Corp
ENERGY Independent Oil & Gas
BEXP Brigham Exploration Co
EOG Eog Resources Inc
ENERGY Oil & Gas Drilling & Explorati
MVO MV Oil Trust
ENERGY Oil & Gas Equipment & Services
CAM Cooper Cameron Corp
MDR Mcdermott Internat Inc
ENERGY Oil & Gas Pipelines
GEL Genesis Energy (L.P.)
FINANCIAL SERVICES Asset Management
AMG Affiliated Managers Grp
EV Eaton Vance Corp
FINANCIAL SERVICES Closed End Fund - Debt
BFZ Blackrock Ca Municipal Inc Tr
BIF Boulder Growth & Inc Fund
FINANCIAL SERVICES Closed End Fund - Equity
AGG Aggregate Bond
AIA iShares S&P Asia 50 Index Fund
FINANCIAL SERVICES Closed End Fund - Foreign
ASA Asa Ltd
EPI WisdomTree India Earnings Fund
FINANCIAL SERVICES Credit Services
GCA Global Cash Access Holdings In
MXT Metris Companies Inc
FINANCIAL SERVICES Diversified Investments
ADJ SPX Acclerated Return Note
AINV Apollo Investment Corp
FOOD & BEVERAGE Dairy Products
LWAY Lifeway Foods Inc
FOOD & BEVERAGE Processed & Packaged Goods
OFI Overhill Farms Inc
HEALTH SERVICES Home Health Care
FVE Five Star Quality Care Inc
HEALTH SERVICES Long-Term Care Facilities
KND Kindred Healthcare Inc
SKH Skilled Healthcare Group Inc
HEALTH SERVICES Medical Appliances & Equipment
ELT Elscint Ltd
STAA Staar Surgical Co
HEALTH SERVICES Medical Instruments & Supplies
ANGO Angiodynamics
HEALTH SERVICES Medical Laboratories & Researc
GHDX Genomic Health Inc
INSURANCE Accident & Health Insurance
AMSF Amerisafe Inc
INSURANCE Life Insurance
FFG Fbl Financial Group
INSURANCE Property & Casualty Insurance
SGZ Selective Insurance Group Inc
INSURANCE Surety & Title Insurance
STC Stewart Info Services Cp
INTERNET Internet Information Providers
CHINA CDC Corp Class A
YHOO Yahoo! Inc
INTERNET Internet Software & Services
SNDA Shanda Interactive Ent Ltd
VOCS Vocus Inc
LEISURE Gaming Activities
MNTG Mtr Gaming Group Inc
PTEK PokerTek Inc
LEISURE Lodging
HMIN Home Inns and Hotels Managemen
LEISURE Resorts & Casinos
FLL Full House Resorts Inc
STN Station Casinos Inc
LEISURE Restaurants
BNHN Benihana Inc
YUM Yum! Brands Inc
MANUFACTURING Diversified Machinery
MX Metso Corp
MANUFACTURING Industrial Electrical Equipmen
BGC General Cable Corp
MANUFACTURING Small Tools & Accessories
CVR Chicago Rivet & Machine
MATERIALS & CONSTRUCTION General Building Materials
RPM Rpm International
MATERIALS & CONSTRUCTION Residential Construction
ITB iShares DJ US Home Construct
KBH Kb Home
MATERIALS & CONSTRUCTION Waste Management
SRCL Stericycle Inc
MEDIA Advertising Services
VCLK Valueclick Inc
MEDIA CATV Systems
CMCSA Comcast Corp Cl A
CMCSK Comcast Corp Cl A Spcl
MEDIA Entertainment - Diversified
DISCK Discovery Communications Inc
MEDIA Marketing Services
HHS Harte-Hanks Inc
SGK Schawk Inc
MEDIA Publishing - Periodicals/News
BLC Belo Corp
MDP Meredith Corp
METALS & MINING Gold
AUY Yamana Gold Inc
METALS & MINING Industrial Metals & Minerals
BBL Bhp Billiton Plc Ads
REAL ESTATE Mortgage Investment
NLY Annaly Mortgage Mngt Inc
REAL ESTATE Property Management/Developmen
DFT DuPont Fabros Technology
IRS Irsa Inversiones Y Repre
REAL ESTATE REIT - Diversified/Industrial
FAC First Acceptance Corp
MAA Mid America Apartment
REAL ESTATE REIT - Healthcare Facilities
CSA Cogdell Spencer Inc
REAL ESTATE REIT - Hotel/Motel
HOT Starwood Hotel&Resort Ww
IHT Innsuites Hospitality Tr
REAL ESTATE REIT - Residential
AGNC American Capital Agency Corp.
SUI Sun Communities
REAL ESTATE REIT - Retail
IRET Investors Real Estate Tr
NNN Commercial Net Lease Rty
RETAIL Catalog & Mail Order Houses
PCCC Pc Connection Inc
VVTV Valuevision Media Inc Cl A
RETAIL Grocery Stores
VLGEA Village Super Market A
SPECIALTY RETAIL Sporting Goods Stores
BGFV Big 5 Sporting Goods Corp
TELECOMMUNICATIONS Communication Equipment
VSAT Viasat Inc
TELECOMMUNICATIONS Diversified Communication Serv
LINTB Liberty Media Interactive Clas
VG Vonage Holdings Corp
TELECOMMUNICATIONS Telecom Services - Foreign
CHA China Telecom
TELECOMMUNICATIONS Wireless Communications
MBT Mobile Telesys Ojsc Ads
SBAC Sba Communications Corp
TRANSPORTATION Major Airlines
LCC US Airways Group Inc
TRANSPORTATION Railroads
NSC Norfolk Southern Corp
TRANSPORTATION Shipping
EXM Excel Maritime Carriers
HRZ Horizon Lines Inc
TRANSPORTATION Trucking
PATR Patriot Transportaion
UTILITIES Diversified Utilities
SCG Scana Corp
UTILITIES Electric Utilities
CPN Calpine Corp
WHOLESALE Auto Parts Wholesale
GPC Genuine Parts Co
WHOLESALE Computers Wholesale
INXI INX Inc
WHOLESALE Industrial Equipment Wholesale
CHNR ChinaNatural Resources
DXPE Dxp Enterprises Inc
WHOLESALE Wholesale
IGI Imagistics International Inc
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Money Show - Las Vegas, May 13, 2010 interview:
http://tinyurl.com/2aopqdd
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My PBS 'Nightly Business Report' interview September 24, 2010:
http://tinyurl.com/29jp28x
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Worth Watching: Being A Tea Partier Explained
http://tinyurl.com/3xtz4yc
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Kitco.com interview December 17, 2010:
http://www.kitco.com...eC_outlook.html
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Harry Schultz Retires With a Bang: Warns of Hyperinflation; Says World War 3 is Over
The dean of investment newsletter writers, Harry Schultz, age 87, has announced that he is retiring at end of the year and closing down his letter, The International Harry Schultz Letter.
Schultz has always been an original--way ahead of the pack. Decades before anyone ever heard of Twitter, Schultz wrote his newsletter with an abbreviated spelling and he told us all that it would be the wave of the future. He used "u" for you and "c" for see, among many other abbreviations. Decades ago! Huh, I though he was off on that one.
He was also one of the original promoters of the multiple-flag life style: Live in one country, work in another, be a citizen of a third.
Here are the forecasts that Schultz is making as he prepares to ride off into the sunset, wherever that maybe: Schultz specializes in big ideas. Currently, he is fascinated by the possibility that hyperinflation might be triggered quickly, by a sort of global financial traffic accident...Schultz describes this scenario as "a genuine risk" and comments:
"Hyperinflation can be triggered in several other ways. Trust failure is the controlling element, which triggers Fearlation, for example, a Comex gold delivery default or a major Too-Big-To-Fail bank failure or a self-propelling domino bank-run are all possible triggers. A bond market implosion will result from any of the above, even if it isn't itself the trigger."
Schultz believes in active trading and his recommendations are often dauntingly complex and conditional. He seems to be expecting gold to stall, temporarily, writing "Wait to re-buy strength after a dip that clearly holds 1200.00-1182.00."
Although he recommends only an 8%-10% exposure to non-gold stocks, he allows for "a potentially fiery rally leg --which would hint today's deflationary forces may succumb "directly" to future (high-speed) inflation. i.e., the resulting debasement of the dollar could manifest itself via a rising "nominal" value of the stock market."...
Schultz also recommends an asset allocation of 30-45% gold stocks; bullion; 20-30% notes/bills/bonds in diversified denominations; 20-25% commodities; 1-5% cash in hand ("stored privately"); 0-5% bear stock market protection in a variety of 200% inverse Exchange Traded Funds like ProShares UltraShort Dow30...
Schultz may be worried about his health but he has not lost his knack for eccentric, possibly prescient, edginess.
He leads his current issue:
"I'm happy to announce the end of World War III. The Iran war, which triggered World War Three, planned by the Pentagon and Mossad, has ended, actually before they began. It's a first in history!
"How do I know this? Follow the money, not the propaganda. Four US banks are to open branches in Iran!...Citibank and Goldman Sachs are among the first applicants! Since Goldman Sachs is the alternate, or behind the scenes US government, as we all know, that name/news assured me of the good news."
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Suggestions? Comments? on the newsletter service. We would like to hear from each and everyone of our subscribers. Our email is mark.vrtrader@gmail.com.
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DISCLAIMER
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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
, Dec 27 2010 07:24 AM
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