As the week that passed came to a close in the stocks market all three major market indices continued to advance. Since the last week of December the market shave been in a confirmed uptrend.
The Dow Jones Industrial Average, the Nasdaq and the Standard and Poors 500 have continued to move higher to the upside despite the European Debt Crisis or the turmoil in the Middle East between Iran and Israel.
The top stocks to help take the markets higher were (VVUS) Vivus +84.57% followed by, (THLD) Threshold Energy +72.24%, (GRH) Greehunter Energy +58.66%, (CORT) Corcept Therapeutics +43.56%, and (ONVI) Onvia.com +36.30%.
The top market industrial indexes for the week were Gold & Silver +3.78%, Oil Services +2.30%, Commodity Related Equities +1.83%, Brokers +1.82% and North American Telecommunications +1.77%. As for the overall commodity picture the price of Silver was up +6.43%, S&P Industrial Metals +5.66%, Platinum +5.37%, Crude Oil +5.04% and the S&P GSCI Energy Index +4.80%.
The Dow Jones Industrial Average began the week trading at 12,949.34 and declined to a price low in the 12,882.67 area before ending the week trading higher to the upside. The index is currently above its 5, 10, 20, 32, 50 and 200 week moving averages as it continues to make higher highs and higher lows. The index has been moving higher for 14 of the past 21 weeks.
The top percentage gainers in the Dow 30 this week were (AA) Alcoa +2.86% followed by, (PG) P&G +2.77%, (CVX) Chevron +2.27%, (IBM) IBM +2.24%, and (XOM) Exxon Mobile +2.01%.
The Dow Jones Industrial Average ended the week trading at 12,982.95 +33.08 or +0.26% on lighter than average upside trading volume of 2.64 billion. The average weekly trading volume for the Dow Jones Industrial Average is 3.78 billion.
The Nasdaq Composite Index has also been on a huge run currently up 28.92% from its October 2011 price low at 2,298.89. The Nasdaq has been moving higher to the upside for 12 of the past 22 trading weeks. The index is poised to continue its run up in price in the week ahead but must break above the 2,970.88 area in order to do so.
As for now the index is above its 5, 10, 20, 32, 50 and 200 week moving averages with downside support in the 2,644.17 area and upside resistance above the price high made earlier this week at 2,970.89.
The top percentage gainers in the Nasdaq 100 this week were (SHLD) Sears Holdings +25.27%, (GRMN) Garmin +8.76%, (MNST) Monster Beverage +5.98%, (WYNN) Wynn Resorts +4.80%, and (ALXN) Alexion Pharmaceuticals +4.48%.
The Nasdaq ended the week trading at 2,963.75 +11.97 or +0.41% on lighter than average upside trading volume of 6.85 billion. The average weekly trading volume for the tech weighed Nasdaq Composite Index is 8.61 billion.
As for the Standard and Poors 500 index there was an increase in its price as the index advanced to break above the previous price high from the week earlier at 1,370.58. The S&P 500 is currently above all of its major moving averages as it continues to advance. The S&P 500 has been making higher highs and lows for the past few weeks as the market continues to move higher to the upside.
Downside support for the Standard and Poors 500 is at 1,243.06 with upside resistance in the 1,368.95 area. The top percentage gainers that helped to push the index advance higher to the upside this week were (SHLD) Sears Holdings +25.27%, (PCS) Metro PCS +16.15%, (CRM) Salesforce.com +11.22%, (S) Sprint Nextel +7.39%, and (IPG) Interpublic +7.29%.
The Standard and Poors 500 ended the week trading at 1,365.74 up +4.51 points or +0.33% on lighter than average upside trading volume of 10.63 billion. The average weekly trading volume for the Standard and Poors 500 is 14.32 billion.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****
In order to have an in depth view of each chart, please double click
Sunday, February 26, 2012
Market Lesson – How To Buy Stocks
In order to purchase stocks the first thing an investor would need to do is research the market. You can find corporate information on websites such as msn.com, yahoo.com, google.com, or cnbc.com to name a few. If you have never traded stocks before you can practice by paper trading in order to get a general perspective of the market.
The next step is to find a broker. There are many brokers to choose from such as ameritrade, scottrade, or fidelity investments to name a few but the best broker that I recommend for any trader is suretrader.com.
Investors can either open an account online or go into a local office. Your account will depend on your investment objectives. Most brokerage firms require that initial funding be placed in your account by check or wire transfer. Initial deposits vary depending on the brokerage firm. Once the account is open you can begin trading.
By: Marlin Rolle
The next step is to find a broker. There are many brokers to choose from such as ameritrade, scottrade, or fidelity investments to name a few but the best broker that I recommend for any trader is suretrader.com.
Investors can either open an account online or go into a local office. Your account will depend on your investment objectives. Most brokerage firms require that initial funding be placed in your account by check or wire transfer. Initial deposits vary depending on the brokerage firm. Once the account is open you can begin trading.
By: Marlin Rolle
Economic Calendar
Feb. 27 - 10:00 AM Pending Home Sales for January
Feb. 28 - 8:30 AM Durable Orders for January
Feb. 28 - 8:30 AM Durable Orders -ex Transportation for January
Feb. 28 - 9:00 AM Case-Shiller 20-city Index for December
Feb. 28 - 10:00 AM Consumer Confidence for February
Feb. 29 - 7:00 AM MBA Mortgage Index for 02/25
Feb. 29 - 7:00 AM MBA Mortgage Purchase Index for 02/25
Feb. 29 - 8:30 AM GDP - Second Estimate for Q4
Feb. 29 - 8:30 AM GDP Deflator - Second Estimate for Q4
Feb. 29 - 9:45 AM Chicago PMI for February
Feb. 29 - 10:30 AM Crude Inventories for 02/25
Feb. 29 - 2:00 PM Fed's Beige Book for February
Mar. 01 - 8:30 AM Initial Claims for 02/25
Mar. 01 - 8:30 AM Continuing Claims for 02/18
Mar. 01 - 8:30 AM Personal Income for January
Mar. 01 - 8:30 AM Personal Spending for January
Mar. 01 - 8:30 AM PCE Prices - Core for January
Mar. 01 - 10:00 AM ISM Index for February
Mar. 01 - 10:00 AM Construction Spending for January
Mar. 01 - 2:00 PM Auto Sales for February
Mar. 01 - 2:00 PM Truck Sales for February
Feb. 28 - 8:30 AM Durable Orders for January
Feb. 28 - 8:30 AM Durable Orders -ex Transportation for January
Feb. 28 - 9:00 AM Case-Shiller 20-city Index for December
Feb. 28 - 10:00 AM Consumer Confidence for February
Feb. 29 - 7:00 AM MBA Mortgage Index for 02/25
Feb. 29 - 7:00 AM MBA Mortgage Purchase Index for 02/25
Feb. 29 - 8:30 AM GDP - Second Estimate for Q4
Feb. 29 - 8:30 AM GDP Deflator - Second Estimate for Q4
Feb. 29 - 9:45 AM Chicago PMI for February
Feb. 29 - 10:30 AM Crude Inventories for 02/25
Feb. 29 - 2:00 PM Fed's Beige Book for February
Mar. 01 - 8:30 AM Initial Claims for 02/25
Mar. 01 - 8:30 AM Continuing Claims for 02/18
Mar. 01 - 8:30 AM Personal Income for January
Mar. 01 - 8:30 AM Personal Spending for January
Mar. 01 - 8:30 AM PCE Prices - Core for January
Mar. 01 - 10:00 AM ISM Index for February
Mar. 01 - 10:00 AM Construction Spending for January
Mar. 01 - 2:00 PM Auto Sales for February
Mar. 01 - 2:00 PM Truck Sales for February
IPO Outlook
BV - Bazaar Voice, Inc.
PRLB - Proto Labs, Inc.
CERE - Ceres, Inc.
BCOV - Brightcove, Inc.
HMST - Home Street, Inc.
GSE - GSE Holding, Inc.
CEMP - Cempra, Inc.
CCXI - Chemo Centryx, Inc.
SYNC - Synacor, Inc.
FX - FX Alliance, Inc.
CZR - Ceasars Entertainment Corp.
PRLB - Proto Labs, Inc.
CERE - Ceres, Inc.
BCOV - Brightcove, Inc.
HMST - Home Street, Inc.
GSE - GSE Holding, Inc.
CEMP - Cempra, Inc.
CCXI - Chemo Centryx, Inc.
SYNC - Synacor, Inc.
FX - FX Alliance, Inc.
CZR - Ceasars Entertainment Corp.
Top 25 Market Sectors
Engines - Internal Combustion
Auction Valuation Services
Leisure & Recreational Products
Oil Refining & Marketing MLP
Tobacco
Medical - HMO
Building Products Retail - Wholesale
Building - Maintainance & Service
Retail - Wholesale Auto Parts
Retail - Home Furniture
Retail - Wholesale Auto & Trucks
Consumer Services - Miscellaneous
Retail - Convenience Stores
Financial Transaction Services
Retail - Miscellaneous & Diversified
Uniform & Related
Paint & Related Products
Auto - Truck Replacement Parts
Retail - Discount
Medical - Generic Drugs
ETFs - Biotech
Retail - Jewelry
Electrical Construction
Retail - Drug Stores
Oil Gas Production Pipeline MLP
Auction Valuation Services
Leisure & Recreational Products
Oil Refining & Marketing MLP
Tobacco
Medical - HMO
Building Products Retail - Wholesale
Building - Maintainance & Service
Retail - Wholesale Auto Parts
Retail - Home Furniture
Retail - Wholesale Auto & Trucks
Consumer Services - Miscellaneous
Retail - Convenience Stores
Financial Transaction Services
Retail - Miscellaneous & Diversified
Uniform & Related
Paint & Related Products
Auto - Truck Replacement Parts
Retail - Discount
Medical - Generic Drugs
ETFs - Biotech
Retail - Jewelry
Electrical Construction
Retail - Drug Stores
Oil Gas Production Pipeline MLP
Stocks 2 Watch
KORS - Micheal Kors Holdings, Ltd.
DLPH - Delphi Automotive PLC
AAPL - Apple, Inc.
PM - Phillip Morris Int'l., Inc.
ZNGA - Zynga, Inc.
TDC - Teradata Corp.
SHLD - Sears Holdings Corp.
AVAV - Aero Vironment, Inc.
BVSN - Broad Vision, Inc.
MELI - Mercardo Libre, Inc.
ROYL - Royale Energy, Inc.
* Please note that the stocks listed are not buy recommendations please do your own due diligence or get help from a professional before trading. *
DLPH - Delphi Automotive PLC
AAPL - Apple, Inc.
PM - Phillip Morris Int'l., Inc.
ZNGA - Zynga, Inc.
TDC - Teradata Corp.
SHLD - Sears Holdings Corp.
AVAV - Aero Vironment, Inc.
BVSN - Broad Vision, Inc.
MELI - Mercardo Libre, Inc.
ROYL - Royale Energy, Inc.
* Please note that the stocks listed are not buy recommendations please do your own due diligence or get help from a professional before trading. *
In the Zone
$VVUS - Vivus, Inc.
VIVUS, Inc., a biopharmaceutical company, engages in the development and commercialization of therapeutic drugs for underserved markets worldwide.
The company focuses on developing drug candidates for the treatment of obesity and related morbidities, such as sleep apnea, diabetes, and men's sexual health.
Its lead investigational product in clinical development include QNEXA, which has completed Phase III clinical trials for obesity; and Phase II clinical trials for type 2 diabetes and obstructive sleep apnea.
The company’s drug candidates also comprise Avanafil, an oral PDE5 inhibitor that has completed Phase III trials for erectile dysfunction. VIVUS, Inc. has a licensing agreement with Mitsubishi Tanabe Pharma Corporation for the development and commercialization of Avanafil.
The company was founded in 1991 and is headquartered in Mountain View, California.
As this week in the stock market came to a close (VVUS) Vivus, Inc. ended the week trading at $22.13 up $10.14 or 84.57% trading on heavier than average volume of 99.58 million. The average weekly trading volume for (VVUS) Vivus, Inc. is 16.75 billion million. The surge in its stock price was due to FDA approval of its diet pill that will give hope to many persons worldwide who may be overweight and obese.
Please note that this is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****
WizzWatch Charts List Link
Below is a link to the wizzwatch stock charts list. All charts listed below cover all major market indices, and sectors. Please copy and paste the link below into your web browser.
http://thechartspot.blogspot.com/
To subscribe to the wizzwatch 100 please send an email to wizzwatch@gmail.com. The list will be sent via email each and every Sunday. You will also receive our weekly newsletter and stocks market alerts. You can also follow the Wizz on Twitter with up to the minute trading data and analysis 24/7.
Twitter Link: http://twitter.com/wizzwatch
If you are interested in stock charts please have a look at our stock charts list with over 70 charts covering Oil, Gold, the Nasdaq, the Dow Jones Industrial Average, as well as the U.S. Dollar to name a few.
http://thechartspot.blogspot.com/
To subscribe to the wizzwatch 100 please send an email to wizzwatch@gmail.com. The list will be sent via email each and every Sunday. You will also receive our weekly newsletter and stocks market alerts. You can also follow the Wizz on Twitter with up to the minute trading data and analysis 24/7.
Twitter Link: http://twitter.com/wizzwatch
If you are interested in stock charts please have a look at our stock charts list with over 70 charts covering Oil, Gold, the Nasdaq, the Dow Jones Industrial Average, as well as the U.S. Dollar to name a few.
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