Wizzwatch Weekly Newsletter

As we closed the books on the best January ever in the stock market and began the first week of February 2012 all three major averages continued to advance. The top Indexes for the month of January 2012 were Airlines +18.98%, Computer Hardware +14.17%, Gold & Silver +14.00%, Disk Drives +13.70%, and the Philadelphia Semiconductor Index +12.73%.

The Nasdaq Composite Index ended the month of January 2012 up +8.01% @ 2,813.84 followed by the Standard & Poors 500 up +4.36% @ 1,312.41, and the Dow Jones Industrial Average up +3.40% @ 12,632.91.

As for the week that passed the Dow Jones Industrial Average, the Nasdaq Composite Index as well as the Standard and Poors 500 all moved higher to end the first week of February 2012. The top industry groups for the week were Disk Drives +10.11%, Airlines +8.37%, Computer Hardware +6.85%, Brokers +5.50%, Networkers +5.44%.

As for stocks the top percentage gainers were(THLD) Threshold Pharmaceuticals +131.78%, (ZOLT) Zoltek Companies +67.66%, (PWER) power One +38.44%, (CTCT) Constant Contact +16.23%, and (TUDO) Todou Holdings Limited +15.99%.

The Dow Jones Industrial Average began the week trading at 12,659.17 and declined to a to a price low at 12,529.41 before ending the week higher. The Dow has been advancing higher to the upside for 6 of the past 9 weeks. The index is currently above its 5, 10, 32, 50, and 200 week moving averages.

Downside support for the index is at 11,885.79 with upside resistance at 12,876.10. The top percentage gainers in the Dow 30 this week were (BAC) Bank of America +7.45%, (AXP) American Express +4.81%, (UTX) United Technologies +4.42%, (HPQ) Hewlett-Packard +4.27%, and (TRV) travelers +3.57%.

The Dow Jones Industrial Average ended the week trading at 12,862.23 +201.77 or +1.95% on lighter than average trading volume of 3.89 billion. The average weekly trading volume for the Dow Jones Industrial Average is 3.99 billion.

The tech weighed Nasdaq Composite Index began the week trading at 2,790.40 and declined to a price low at 2,782.44 before breaking above its April 2011 price high at 2,887.75 to end the week at an 11 year price high as it continued to advance for the fifth consecutive week in a row.

The Nasdaq Composite Index is 77.73% or 2,244.77 points away from its all time price high. The index is currently above its 5, 10, 32, 50, and 200 week moving averages. Downside support for the Nasdaq is at 2,633.11 with upside resistance at 2,905.78.

The top percentage gainers In the Nasdaq 100 were (STX) Seagate Technologies +27.15%, (GMCR) Green Mountain Coffee +26.11%, (NIHD) NII Holdings +12.33%, (GILD) Gilead Sciences +12.25%, and (LOGI) Logitech +9.34%.

The Nasdaq Composite Index ended the week trading at 2,905.66 up +89.11 or 3.16% on heavier than average trading volume of 9.56 billion. The average weekly trading volume for the Nasdaq is 8.67 billion.

At the Standard and Poors 500 there was also a price move to the upside as the index continued to advance for 8 of the past 10 trading weeks. The S&P 500 began the week trading at 1,316.16 before moving to a price low at 1,300.49 before ending the week trading higher.

The S&P 500 is currently above its 5, 10, 32, 50 and 200 week moving averages. Downside support for the index is at 1,240.87 with upside resistance at 1.370.69.

The top percentage gainers in the Standard and Poors 500 were (WHR) Whirlpool +26.75%, (GNW) Genworth +17.11%, (GPS) Gap, Inc. +14.69%, (LNC) Lincoln National Corp +13.63%, and (CME) CME Group +13.51%.

The Standard and Poors 500 ended the week trading at 1,344.90 +28.57 or +2.17% on heavier than average trading volume of 15.27 billion the average weekly trading volume for the S&P 500 is 14.75 billion.

By: Marlin Rolle

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