WizzWatch Weekly Newsletter

For the week that passed in the market it was a very rough week as the bulls and bears battled for supremacy. The Dow Jones Industrial Average, the Nasdaq and the S&P 500 all moved slightly higher to end the week. The top sectors in the market was gold and silver, airlines, biotechnology,internet as well as commodities. The unemployment rate advanced to a 26 year high as the pace of job losses slowed in comparison to the prior month. Based on U.S. Department of Labor statistics there were fewer job lost in October than in the month of September. There were a total of 558,000 jobs lost in October brining the year to date total to 15.7 million.

At the Dow Jones Industrial Average there was a continued move to the upside as the index closed above the 10,000 area ending the week higher. The index began trading the week trading at 9,712.13 before moving to a price low at 9,678.95. As for now the index is above 5, 10, 32, and 50 week moving average but below its 200 week moving average at 11,206.51. The biggest movers in the Dow 30 were (STX) Seagate Technology up 8.12%, (DTV) Direct TV Group up 7.68%, (GE) General Electric Co. up 5.94%, (ADP) Automatic Data Processing up 4.67% and (MCD) McDonalds up 4.33%. The Dow Jones Industrial Average has been on the upside 23 of the past 35 weeks. Downside support is at 8,982.78 with upside resistance is at 10,119.47. To end the week the index closed at 10,023.42 up 310.69 points or 3.20% on lighter than average volume of 4.36 billion. The average weekly trading volume for the Dow Jones Industrial average is 4.88 billion.

The Nasdaq Composite Index began the week trading at but ended the week on the upside after pulling back to a low in the 2,024 area. The Nasdaq is above its 5 week moving average but below its 10, 32, 50 and 200 week moving averages. The index is poised to continue higher but needs to break above its 10 week moving average in order to confirm a move higher. The top Nasdaq 100 movers for the week were (WYNN) Wynn Resorts up 11.17%, (CTSH) Cognizant Technology Solutions up 10.82%, (DISH) Echo Star Communications up 9.18%, (BIDU) Baidu.com up 9.13%, and (SBUX) Starbucks up 9.03%. The Nasdaq ended the week trading at 2,112.44 up 67.33 points or 3.29% on lighter than average volume of 10.80 billion. As for now upside resistance for the Nasdaq is at 2,212.18 above it 200 week moving average with downside support at 1,906.75.

The Standard and Poors 500 moved higher to end the week after 2 prior weeks of price declines. Upside resistance is at 1,101.36 with downside support at 867.21. The index is above its 5, 10, 32, and 50 week moving averages but below its 200 week moving average at 1,243.55. The biggest movers in the S&P 500 this week were (BDK) Black and Decker Corp. up 28.96%, (BNI) Burlington Northern Santa Fe up 27.82%, (RX) IMS Health up 25.80%, (JDSU) JDS Uniphase up 17.03%, and (EK) Eastman Kodak Co, up 14.95%. All indicators are pointing to a higher as the index ended the week trading at 1,069.30 up 33.11 points or 3.20% on the upside on lighter than average volume of 21.36 billion. The average weekly trading volume for the S&P 500 is 21.73 billion.

In the precious metals markets the price of gold continued its advance to the upside after moving lower the week prior. The Gold Index is above all of its major moving averages as the dollar continues to tumble to the downside. Three weeks ago the index broke out above its multi-year price high in the $1,030.00 area. This week there was a similar event that took place as the index once again moved higher breaking through the $1,100.00 area for the first time. If the dollar continues to fall apart we will continue to see the price of precious metals advance in the near term. As the week came to an end the price of gold moved higher ending the week trading at $1,095.20 per troy ounce up $49.50 or 4.73%.

As for the oil markets there was a slight advance to the upside after a pullback in the price of the index the week prior. The oil index began the week trading at $77.02 per barrel. The index moved as high as $81.06 before ending the week higher. Margins are getting hurt at many oil related companies due to the fact that there is a lot of supply but little demand. Downside support for the oil index is at $66.81 with upside resistance at $82.00. The oil index ended the trading week with a shooting star candle stick price pattern in which represents that there were more sellers than buyers of oil for the week. The index is currently above it 5, 10, 32, 50, and 200 week moving averages. The oil index ended the week trading at $77.43 per barrel up $0.43 or 0.56% on the upside.

By: Marlin Rolle
*** Please have a close look at the charts below. ***

On the Radar

On the radar for this week are stocks in the airline industry. As oil declines due to less demand going forward stocks in the airlines sector as well transports will move higher. The stocks to watch are (UAUA) United Airlines, (LCC) US Airways Group, (PNCL) Pinnacle Airlines, (DAL) Delta Air Lines, (JBLU) Jet Blue, (AAI) Airtran, (AMR) AMR Corp. (GOL) Gol Linhas Aereas Inteligentes, (ALGT) Allegiant Travel Co., and (LUV) Southwest Airlines to name a few..

Market Lesson – When to sell stocks

Many investors purchase stocks but become stuck-holders after their initial purchase. The easiest thing for any investor to do is to pull the trigger. It’s very easy to buy stocks but when should you sell. That is one of the biggest questions asked by many investors. The right time to sell stocks would be no more than 8 to 10 percent from the initial buy point. If a stock pulls back 8 to 10 percent from the buy point would mean that the stock was purchased at the wrong time. After the purchase of a stock an investor should always take profits after the stock moves up 50 percent or more. Selling shares after a 50 percent rise in price would guarantee profits and limit losses. The whole idea of purchasing stocks is to make money, in other words make money take money.

By: Marlin Rolle

WizzWatch Top 50 Small Caps

Economic Calendar

Nov. 12 – 8:30am Initial Claims for 11/07
Nov. 12 – 8:30am Continuing Claims for 10/31
Nov. 12 – 11:00am Crude Inventories for 11/06
Nov. 12 – 2:00pm Treasury Budget for October
Nov. 13 – 8:30am Export Prices ex-ag for October
Nov. 13 – 8:30am Import Prices ex-oil for October
Nov. 13 – 8:30am Trade Balance for September
Nov. 12 – 9:55am Mich Sentiment-Prel for November

WizzWatch IPO Outlook

H - Hyatt Hotel Corporation
ADUS - Addus Home Care Corporation
VSI - Vitamin Shoppe
DOLE - Dole Food Company
AGAM - AGA Medical Holdings

Top Performing IPO’s

DGW - Duoyuan Global Water, Inc. 146%
LIWA - Lihua International 106%
CYOU – Changyou.com Limited 96%
MJN - Mead Jonson Nutrition Company 79%
LOPE - Grand Canyon Education 54%
BPI – Bridgepoint Education 53%
SWI – Solar Winds 40%
OPEN - Open Table 33%
AONE – A123 Systems 31%
DGI - Digital Globe 27%

Percentage gains/loss is based on a 52 week period

Top 15 Sectors

Flour & Grain – Food
Household – Appliances
Jewelry / Precious Metals
Silver - Mining
Non Ferrous – Mining
Gold – Mining
Commercial Printing
Industrial Robotics
Regional Dept. Stores – Retail
Food items – Wholesale
Home Furniture - Retail
Drug Stores – Retail
Cable TV
Paper Products – Paper
Ecommerce – Retail

Stocks 2 Watch

PWOIF – Power Oil & Gas
OPTT – Ocean Power Technologies
FRPT – Force Protection
UAUA – UAL Corp.
CVM – Cel-Sci Corp.
USEG – U.S. Energy Corp.
ACLS – Axcelis Technologies
INO – Inovio Biomedical
ALTH – Allos Therapeutcis
NCOC – National Coal Corp.
ARIA – Ariad Pharmaceuticals
CSII – Cardiovascular Systems
AMR – AMR Corp.
ONTY – Oncothyreon, Inc.
CYTR – CytRx Crop.

In The Zone

LIWA – Lihua International, Inc.

Lihua International, Inc., through its subsidiaries, operates as a manufacturer of copper replacement products for magnet and fine wire markets in the Peoples Republic of China. It designs, develops, manufactures, markets, and distributes alternatives to pure copper magnet wire, including copper-clad aluminum wire and recycled scrap copper wire.

The company offers its products in various diameters ranging from 0.03 mm to 1.18 mm. It produces copper-clad aluminum wire in various forms, including magnetic wire, tin plated wire, and raw wire. The company sells its products directly to manufacturers or through distributors in the wire and cable industries, as well as to manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications, and specialty cable industries.

Lihua International, Inc. was founded in 1999 and is headquartered in Danyang City, the Peoples Republic of China. Lihua International ended trading on Friday at $8.51 up $1.52 or 21.75% on the upside with volume of 881,568.

*** Please have a look at the chart below ***

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