Commentary Pre-Week Review
November 9, 2009 (FinancialWire) — Last week’s commentaries included Ford (NYSE: F), Dell Inc (NASDAQ: DELL), Starbucks Corp. (NASDAQ: SBUX) and others:
Beware The Third Wave Down: (Technical commentary by Frank Kollar) — The S&P 500 Index (SPX), and its tracking ETF the S&P Deposit Receipts (NYSE: SPY), rebounded this week from a sharp sell-off last week. Although the gains this week, culminating in a 2% rally on Thursday, November 5, are a nice boost for the bulls… (continued at http://www.financialwire.net/2009/11/06/firstalerttm-daily-116-beware-the-third-wave-down/).
Fed Funds Fun: Market commentary by Philip Holmes — Stocks finished mixed on Wednesday on economic news that was rather, uh, mixed. But hey, cable operator Comcast (NASDAQ: CMCSA) sees the economy as improving. Do the unemployed maintain cable service? The Dow Jones industrial average closed at 9,802.14 on Wednesday, up by 30.23 points, while… (continued at http://www.financialwire.net/2009/11/05/firstalerttm-daily-115-fed-funds-fun/).
Have Shares Of Biotech HOLDRS Reached Support?: Technical commentary by Frank Kollar — Shares of Biotech HOLDRS (AMEX: BBH) have taken a heavy hit these past two weeks, but may have reached a short term support level. After breaking to the downside from a pennant formation on October 21, shares of Biotech HOLDRS continued to fall until reaching a low of… (continued at http://www.financialwire.net/2009/11/05/have-shares-of-biotech-holdrs-reached-support-asks-market-timer-frank-kollar/).
Are Bears Running Out Of Time?: Technical commentary by Dr. Joe Duarte — The S&P 500 and the S&P 500 SPDR ETF (NYSE: SPY) are dancing between the 20 and 50 day moving averages. Intraday volatility is rising. And we are in the midst of a very important week. That means that anything is possible… (continued at http://www.financialwire.net/2009/11/04/firstalerttm-daily-114-are-bears-running-out-of-time/).
Do Or Die For Shares of Starbucks: Technical commentary by Frank Kollar — Shares of Starbucks Corp (NASDAQ: SBUX) are between important support and resistance levels that will determine their course for the weeks ahead. Starbucks has resistance at the $20.00 level, where the current declines picked up downside momentum. Starbucks also has strong support at $18.74… (continued at http://www.financialwire.net/2009/11/04/do-or-die-for-shares-of-starbucks-says-market-timer-frank-kollar/).
Manufacturing Recovery?: Market commentary by Philip Holmes — Stocks ended Monday’s higher after a volatile trading session as investors weighed the lasting impact of the day’s better-than-expected manufacturing data. As if to boost the bulls’ case, Ford Motor Co. (NYSE: F) unexpectedly posted a third-quarter profit of $997 million. The Dow Jones industrial average closed… (continued at http://www.financialwire.net/2009/11/03/firstalerttm-daily-113-manufacturing-recovery/).
S&P 500 SPDR ETF Goes Nowhere: Technical commentary by Dr. Joe Duarte — The S&P SPDR ETF (NYSE: SPY) has taken it on the chin lately. And Monday’s action was no improvement despite the bounce. Duarte added: Our trading plan calls for daily chart watching, with special attention to key support and resistance levels such as the 20… (continued at http://www.financialwire.net/2009/11/03/sp-500-spdr-etf-goes-nowhere-says-dr-joe-duarte/).
Dell Breaks Support: Technical commentary by Frank Kollar — Shares of computer maker Dell Inc (NASDAQ: DELL) reached important support levels late last week and on Monday, November 2. A week ago we wrote: “With the exception of one trading day’s intra-day lows, the $14.80 level has held all declines since Dell rallied last August. This should… (continued at http://www.financialwire.net/2009/11/03/dell-breaks-support-says-market-timer-frank-kollar/).
Setting Up For A Fall: Market commentary by Genevieve Hawkins — Investors were spooked last week as volatility climbed, and if news from automaker Ford (NYSE: F) isn’t as good as expected, the drop could signal the end of the rally. Last Friday’s drop led the Dow down 2.6% for the week, while the S&P 500 lost… (continued at http://www.financialwire.net/2009/11/02/firstalerttm-daily-112-setting-up-for-a-fall/).
Stock Market Reform Advocates Lose Ally And Hero: Editorial commentary by Mark Faulk — There will be a lot written and said about Houston attorney John O’Quinn over the next few days, as family, friends, and colleagues eulogize the famed attorney who died Thursday in a car accident, along with a longtime employee of his law firm… (continued at http://www.financialwire.net/2009/11/02/stock-market-reform-advocates-lose-ally-and-hero-2/).
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