Issue 316
Posted: July 26th, 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
July 26, 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
Positive earnings reports from major companies plus Fed Chairman Ben Bernanke stating the Fed is prepared to take unusual steps to bolster the economy, caused dollar weakness which buoyed equities. The Fed Chairman went on to say the future remains “ unusually uncertain .” Meanwhile, jobless benefits were extended putting money back in the pockets of 3 million long-term unemployed. When benefits hit probably next month, about $ 4 billion in back pay will help spur a rebound in retail sales.
Apple, on Tuesday reported blow-out numbers. AT&T, eBay, Ford, Verizon, Qualcomm and Morgan Stanley exceeded expectations, while Amazon and IBM disappointed.
Basic Materials surged 8.38%, one if its best performances the whole year followed by Industrials, up 6.90%. Telecommunications gained 4.43% and Consumer services 4.16%; Oil and Gas was up 3.89% followed by Technology, gaining 3.66%. Financials also had a good week, up 3.47%. Consumer Goods gained 3.29%. Utilities added 2.97% rounding out the winners. Health Care was the lone loser off 0.49% on the week.
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CONTACT
Please Direct All Inquires To:
Mike King
Princeton Research
3887 Pacific Street, Las Vegas, Nevada 89121
Phone: (702) 650-3000
Fax: (702) 697-8944
mike@princetonresearch.com
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