About Our Newsletter
Weekly Market Strategies is a weekly on-line market letter commenting on the economy, economic indicators and the fundamental and technical aspects of the stock market.
Technical indicators and cycles are used to analyze the stock market and to predict the expected direction of the market during the next week and also the next few weeks and months.
We accurately predicted weeks in advance the October 2007 top and warned our subscribers about the coming sell-off. We recommended the purchase of put options to protect one’s portfolio. We also accurately predicted months in advance that the market would bottom late February/early March 2009 (actual date was March 9).
We also predicted in advance most of the tops and bottoms in the market during the past two years. Our past predictions can be found in our past news letters located in the past news letter file.
Issue 300
Posted: April 4th, 2010 | Author: WMS
Market Strategies
Covering Investing Success Strategies For
Stocks – Bonds – Interest Rates – Natural Resources – Currencies – Venture Capital – Gold
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
Contributing Staff: Michael King and Dr. Jan Vandersande
April 5, 2010; Market Strategies Guide To Successful Trading
We give great entries
Trading Options are a timely event , Since we can only report weekly, Your
Own Money Management on Options Trading may be more timely to Take your Profits/Losses
FUNDAMENTAL NEWS
Both the Dow and S&P 500 posted solid gains for the seventh week consecutively while the Transportation index, in gaining 1.21%, made a lower high and low than the previous week indicating a “down’ week for the first out of the last seven. Both the Russell and Nasdaq enjoyed up weeks for the sixth event out of the last seven.
The gains all came amid low volume in subdued sessions in expectation of the jobs report which came on a day ( Good Friday ) when markets were closed.
The jobs report was modestly friendly and will be further explained in the “economic” section.
Research in Motion ( RIMM: $ 68.48 ) lost 7.47% as earnings missed and fears of competition from Apple increased. Apple shares soared 2.2% last week on reports it is creating a new phone available on other carriers besides AT&T. However, expectations of sales this week of the Ipad, which costs just about as much as a laptop might be disappointing.
Oil and Gas made the biggest jump out of the 10 Dow Industrial Groups, benefitting from Prez Obama’s announcement of lifting a ban on some offshore drilling. Crude prices helped rallying to $ 84.87/bbl .,up 6.1% for the week and the highest prices in several months notwithstanding the halcyon days of September 2008.. The CBOE OIX Index and ETF can be traded. Basic Materials was second best, up 3.70% followed by Utilities gaining 2.26% last week. Industrials gained 1.66% and Telecommunications 1.30%. Consumer Services was sixth up 1.04% followed by Financials plus 0.56%. Health Care rose 0.50% and Technology 0.39%. Consumer Goods were up 0.35%