WizzWatch Weekly Newsletter

To end the week of trading in the financial markets there was a pullback in the price of all three major indices in the holiday shortened week. Stocks declined due to economic concerns in the United Arab Emirates State of Dubai that may put the worldwide economic recovery in danger. The Dow Jones Industrials, Nasdaq, and S&P 500all ended the week trading on the downside. There was also a pullback in the price of oil as well as gold as the dollar advanced due to the Dubai debt crisis. The top sectors that moved higher this week were AMEX Airlines up 2.76%, Biotechnology up 2.23%, Telecommunications up 1.55%, Healthcare up 1.33% and Pharmaceuticals up 1.31% as Insurance, Networking, and Financials declined. The top stocks that pushed higher for the week were (SEED) Origin Agritech, (DDRX) Diedrich Coffee, (IWA) Iowa Communications, (APWR) A-Power Energy Generation, and (SIGA) Siga Technologies.

The Dow Jones Industrials started the week trading at 10,320.13 but ended slightly lower as the week came to an end. The biggest movers in the Dow 30 were (VZ) Verizon Communications up 3.94%, (T) AT&T, Inc. up 3.73%, (GE) General Electric Co. up 2.25%, (CVX) Chevron Corp, up 1.84%, and (HD) Home Depot up 1.58%. The Dow Industrials have been on the upside for several weeks since March of this year as it continues to move higher. Many analysts feel that the market moved too far too fast and the end of the momentum is near. A correction will take place at some point but many don’t know when. For now downside support for the Dow Jones Industrial Average is at 9,191.10 with upside resistance at 10,495.61. The index ended the week trading at 10,309.92 -8.24 or -0.08% downside on lighter than average trading volume of 2.37 billion, its average weekly volume is 4.44 billion.

The tech weighed Nasdaq Composite Index declined for the second week in a row after many weeks of upside momentum. The Nasdaq started the week trading on the upside in the 2,168.95 area but pulled back as the week came to an end. As for now the index is currently trading above its 5, 10, 32, and 50 week moving averages but slightly below the 200 week moving average at 2,210.63. As for now downside support is at 1,953.87 with upside resistance at 2,205.32. The biggest movers in the Nasdaq 100 this week were (ILMN) Illumina up 6.75%, (WCRX) Warner Chilcott 6.48%, (NIHD) NII Holdings up 4.17%, (VRSN) VeriSIgn up 3.43% and (DISH) Echo Star Communications up 3.31%. The Nasdaq closed to end the week trading at 2,138.44 -7.60 or -0.35% on the downside. The average weekly trading volume for the Nasdaq is 10.4 billion as the index ended the week trading with lighter than average volume of 6.06 billion.

The Standard and Poors 500 also declined to end the week on the downside. The index has been on the upside the past 24 of 38 weeks since March of this year. The S&P 500 is currently up 4.93% for the month but may move lower in the week ahead if it breaks below its 10 week moving average in the 1,068.60 area. Downside support for the S&P 500 is at 989.19 with upside resistance at 1,113.69. The top movers in the S&P this week were (ADI) Analog Devices up 8.26%, (WHR) Whirlpool Corp. up 7.09%, (NSM) National Semiconductor Co. up 6.32%, (STJ) St. Jude Medical up 6.09%, and (SWN) Southwestern Energy up 5.71%. The S&P 500 ended the week trading at 1,087.27 -4.11 or -0.38% on lighter than average downside volume of 10.4 billion. The average weekly trading volume for the Standard and Poors 500 is 19.92 billion.


In the gold markets the index continued to make higher highs and higher lows as it once again advanced to its 6th straight new price high in the past few weeks. Gold stated the week trading at $1,153.80 per ounce and moved as high as $1,191.80 before closing to end the week slightly lower. The price of gold has been on a huge uptrend since October of 2008 trading from a price low of $681.00 per troy ounce. The price of gold is up approximately 74.8% from its price low in October of 2008. To end this week of trading the price of gold ended the week trading at $1,191.20 up $40.70 or 3.53%. At the (NYMEX) New York Mercantile exchange there was a drop in prices over night and the index is currently down from its closing price currently trading at $1,174.20 per troy ounce down $12.80.

The oil index has been moving in a sideways consolidation for the past 6 weeks closing tightly. Oil has been trading from a price low in the $72 area to a high in the $79 area for the past few weeks. In order for the index to move higher it would need to break above its previous price high at $82.00 per barrel. Downside support for the oil index is at $69.02 with upside resistance at $82.05 per barrel. The oil index ended the week trading at $76.05 per barrel down -$1.42 or -1.83

By: Marlin Rolle

*** Please have a close look at the charts below. ***

On the Radar

The stocks to keep on your radar for this week are stocks in the gold sector. The stocks to watch are , (RGLD) Royal Gold, (ANO) Anoorag Resources Corp. , (ABX) Barrick Gold, (EGO) El Dorado Gold, (AUY) Yamana Gold, (SA) Seabridge Gold, (ETQ) Corriente Resources, (KGC) Kingross Gold, (BVN) Compania de Minas Buenaventura, (KRY) Crystallex International, (CCJ) Cameco Corp, and (LIHR) Lihir Gold Ltd., (TRE) Tanzanian Royalty Exploration , and (RTP) Rio Tinto PLC and to name a few.

Market Lesson – Technical Analysis

Technical Analysis is a financial market tool used by many traders to forecast future price direction of securities through past performance. Technical analyst use indicators and tolls such as relative strength, volume, candlestick charts, trend lines, pivot points, line charts, bar charts, moving averages, fibonacci, gan lines, as well as money flow in order to find the best stocks. Technical analysis is applicable to commodities, forex, stocks, indices and futures trading.

This technique is one of many used to find stocks but it is not a holy grail. Technical traders are usually concerned with two factors, what is the current price of the security and the historical price movement. The only thing that technical analysis can do for the average investor is to help find out what might be the next most likely move to take place in a security over time. Just like a weather man predicting the weather there is always a possibility that he can be wrong. The time frames used can be based on intraday to monthly or yearly charts. Prices can be determined by the open to the close of trading.

Technical analysts believe that long or short term trends can be found using technical analysis. They can then invest or trade the trend and make money. Like most traders say the trend is your fiend until it ends. Other investors choose fundamental analysis over technical analysis in order to find stocks based on the fact that they think it’s a much better tool. By using both technical and fundamental analysis together is the best tool for investors to make money in the financial markets. It might take a few years to understand how to use both fundamental and technical analysis together but in the end it will be worth it.

By: Marlin Rolle

Economic Calendar

Nov. 30 – 9:45am Chicago PMI for November
Dec. 01 – 10:00am Construction Spending for October
Dec. 01 – 10:00am ISM Index for November
Dec. 01 – 10:00am Pending Home Sales for October
Dec. 01 – 2:00pm Auto Sales for November
Dec. 01 – 2:00pm Truck Sales for November
Dec. 02 – 7:30am Challenger Job Cuts for November
Dec. 02 – 8:15am ADP Employment Report for November
Dec. 02 – 10:30am Crude Inventories for 11/27
Dec. 02 – 2:00pm Fed Beige Book for November
Dec. 03 – 8:30am Initial Claims for 11/28
Dec. 03 – 8:30am Continuing Claims for 11/21
Dec. 03 – 8:30am Productivity – Rev. for Q3
Dec. 03 – 8:30am Employment Cost Index for Q3
Dec. 03 – 10:00am ISM Services for November
Dec. 03 – 8:30am Nonfarm Payrolls for November
Dec. 03 – 8:30am Unemployment Rate for November
Dec. 03 – 8:30am Average Workweek for November
Dec. 03 – 8:30am Hourly Earnings for November
Dec. 03 – 8:30am Factory Orders for October

WizzWatch IPO Outlook

GTEC - Global Defense Technology & Systems
CLD - Cloud Peak Energy
FTNT - Fortinet, Inc.
RUE - Rule 21, Inc.
DG - Dollar General Corporation
STRI - STR Holdings
H - Hyatt Hotel Corporation
VSI - Vitamin Shoppe

Top Performing IPO’s

DGW - Duoyuan Global Water, Inc. 148%
LIWA - Lihua International 117%
CYOU – Changyou.com Limited 110%
MJN - Mead Jonson Nutrition Company 87%
BPI – Bridgepoint Education 56%
SWI – Solar Winds 50%
OPEN - Open Table 35%
RUE - Rule 21, Inc. 28%
DGI - Digital Globe 27%
STRI - STR Holdings, Inc. 26%

Percentage gains/loss is based on a 52 week period

Top 15 Sectors

Household – Appliances
Flour & Grain – Food
Regional Dept. Stores – Retail
Gold – Mining
Silver - Mining
Jewelry / Precious Metals
Industrial Robotics
Non Ferrous – Mining
Home Furniture - Retail
Commercial Printing
Mining – Misc.
Paper Products – Paper
Storage Devices – Computer
Fertilizers
Ecommerce – Retail
Drug Stores – Retail

Stocks 2 Watch

SEED – Origin Agritech Ltd.
BONT – Bon-Ton Stores
KMGB – KMG Chemicals
MGPI – MGP Ingredients
DEER – Deer Consumer Products
MSPD – Mindspeed Technologies
CTIC – Cell Therapeutics
APWR – A – Power Generation System
VMED – Virgin Media
RINO – RINO International

In The Zone

BONT – Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., through its subsidiaries, operates department stores in the mid-size and metropolitan markets of the United States. Its stores offer brand-name apparel and accessories for women, men, and children, as well as provide cosmetics, home furnishings, footwear, intimate apparel, and junior’s apparel.

As of January 31, 2009, the company operated 280 stores under various nameplates, including the Bon-Ton, Bergners, Boston Store, Carson Pirie Scott, Elder-Beerman, Herbergers, and Younkers in 23 northeastern, midwestern, and upper Great Plains states; and under the Parisian nameplate in the Detroit, Michigan. The Bon-Ton Stores, Inc. was founded in 1898 and is headquartered in York, Pennsylvania.

As of the close of trading on Friday November 27, 2009 the stock ended the week trading at $14.30 up $1.23 or 9.41% on heavier than average trading volume of 1.1 million. The average weekly trading volume for Bon- Ton Stores is 867,000.

The company has a market cap of 25.38 million, 18.56 million shares outstanding and its last quarter earnings were up 81% compared to the same quarter a year earlier. Sales were down 3% but its next quarter earnings per share estimate is expected to increase by 105%. As of the close of trading on Friday November 27, 2009 the stock ended the week trading at $14.30 up $1.23 or 9.41% on heavier than average trading volume of 1.1 million. The average weekly trading volume for Bon-Ton Stores is 867,000.

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

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