Red’s Bull Alert: The DJIA and the S&P 500 are tapping up against levels last seen in October 2009, on the rebound from a mid-January sell-off that  sent the S&P 500 down 8.1% through early February from the 15-month high of January 19, and last week it broke out of its Key overhead resistance at 1,150.

Re-cap of the US Stock Market Action for the Week ending 18 March 2010

On the Day: Wall Street edged lower Friday.  The DJIA lost 26.60 pts, or 0.25%, to close at 10,752.57, the S&P 500 gave up 4.78 pts, or 0.41%, to close at 1,161.05, and the NAS tallied up a minus 15.13 pts, or 0.63%, to end the session at 2,376.15.

On the Week: The S&P 500 is now up 71 percent from the March 9, 2009 bottom, and scored a 0.9% gain on the week. The DJIA rose 1.1% on the week, as did the NAS by 0.3%.

Quadruple Witching Explained (Short): Friday marked the 2^nd day of a convergence known as Quadruple Witching, when 4 types of options and futures contracts expire, often triggering volatility and higher volumes. Contracts for stock index futures, stock index options, stock options, and single stock futures all expire during the session.

In this instance the QW drove both trade volume and volatility sharply higher, as trade volume on the NYSE hit its highest level of the year as nearly 2B/shrs exchanged hands, and the Volatility Index (VIX) fell 1% in the opening minutes of the session to a 52-week low, but then spiked North to a gain of more than 5% before it closed the day with a 2.2% increase.

A stronger USD dampened the mood on the Street Friday as the “Greenback” gained 0.6% against the other Key currencies on the day. That on top of its 0.7% advance in Thursday’s session combining for the US$’s best back to back action since January. The USD’s recent strength comes amid continued headlines about proposed financial support for Greece.

Gains by the “Greenback” dragged down commodities Friday, such that the CRB Commodity Index fell to a 1.1% loss. Contracts for Crude Oil closed trade with priced 1.8% lower at US$80.68 bbl. Some additional pressure came on the precious metals on news that India’s central bank increased the repo rate by 25 bps to 5.0% and its reverse repo rate by 25 bps to 3.5%. Gold prices closed minus 1.8% at US$1107.60 oz, and Silver settled the session 2.2% lower at US$17.03 oz..

The confluence of weaker commodity prices and broader market pressure made natural resource plays this session’s worst performers, a the materials sector dropped 1.0%, and the energy sector fell 0.9%.

The EU’s monetary affairs chief urged leaders to agree on a standby aid package for Greece next week,  investors are fearful of German reluctance might hinder the effort, not really likely though IMO.

In the coming week, housing will be a Key theme with the release of February existing home sales Tuesday and a report on February new home sales Wednesday.

The US Congressional vote to overhaul the US healthcare system will keep health sector stocks in focus next week.

Players will pay close attention to home sales because the housing sector is struggling with a tide of foreclosures after the sub-prime mortgage crisis that surfaced in Y 2007. A stronger housing market is crucial to the US economy’s health.

On Friday, the focus will turn to the government’s final reading on Q-4 gross domestic product and the final word on March consumer sentiment from the Reuters/University of Michigan surveys.

Advancing Sectors: Telecom (+0.4%)

Declining Sectors: Materials (-1.0%), Energy (-0.9%), Tech (-0.8%), Financials (-0.7%), Consumer Discretionary (-0.6%), Industrials (-0.4%), Utilities (-0.2%), Consumer Staples (-0.1%)

Unchanged: Health Care

Volume and Breadth: Trade has been thin during the week and volatility has dropped considerably, with the CBOE Volatility Index .VIX down roughly 5 percent this week and hitting its lowest mark since May 2008.

Market Indexes Technical Analysis

Major companies tentatively scheduled to report quarterly earnings this week:

Monday Tiffany & Co. releases quarterly financial results.

Tuesday Adobe Systems Inc. releases quarterly financial results, Carnival Corp. releases quarterly financial results, KB Home releases quarterly financial results and Walgreen Co. releases quarterly financial results.
Wednesday General Mills Inc. releases quarterly financial results. Lennar Corp. releases quarterly financial results.

Thursday: Best Buy Co. releases quarterly financial results, ConAgra Foods Inc. releases quarterly financial results, and,

Friday: Oracle Corp. releases quarterly financial results.

Stocks to Watch Today

General Mills, Inc. (GIS), KB Homes (KBH), Tiffany & Company (TIF), W Walgreen Co. (WAG), and Williams-Sonoma, Inc. (WSM).

Mini Gold Report

Gold futures on the COMEX Division of the New York Merc went down Friday on uncertainty about Greek debt crisis helped lift the USD higher, Sliver and Platinum followed Gold South.

The most active Gold contract for April delivery declined US$19.9, or 1.8 percent, to close  at US$1,107.6 oz.

The US Dollar Index, a gauge measuring the greenback’s value against major currencies, soared 0.6%  in the morning trading. Gold moves inversely against USD as players generally purchase the yellow metal, priced in USDs, to hedge against declines in the US currency.

May Silver dropped 39c to US$17.032 oz, and April Platinum declined US$22.4 to US$1,608.6 oz.

Mini Crude Oil Report

Crude futures fell Friday as the USD rose against the EUR, as India raised interest rate unexpectedly.

Commodities fell after India’s Central Bank raised interest rates unexpectedly. India’s central bank hiked its Key borrowing and lending rates by 0.25 bp.

Light, Sweet Crude Oil for April delivery fell US$1.52 to US$80.68bbl on the New York Merc. In London, Brent Crude for May delivery f

_____________________________________________________________

This Week on the Economic Front

March 23^rd Tuesday

Existing Home Sales, February (10:00): 5.00M expected, 5.05M past

FHFA Home Price Index, January (10:00): -0.9% expected, -1.6% past

March 24^th Wednesday

Durable Orders, February (08:30): 0.5% expected, 2.6% past

Durable Orders ex Au, February (08:30): 0.5% expected, -1.0% past

New Home Sales, February (10:00): 315K expected, 309K past

Crude Oil Inventories, 03/20 (10:30): 1.01M past

March 25^th Thursday

Continuing Job Claims, 03/13 (08:30): 4560K expected, 4579K past

Initial Job Claims, 03/20 (08:30): 450K expected, 457K past

March 26^th Friday

GDP – 3^rd Estimate, Q-4 (08:30): 5.9% expected, 5.9 past

GDP Deflator – 3^rd, Q-4 (08:30): 0.4% expected, 0.4% past

Michigan Sentiment -, March (09:55): 73.0 expected, 72.5 past

This Week on the Earnings Front

Major companies tentatively scheduled to report quarterly earnings this week:

Monday Tiffany & Co. releases quarterly financial results.

Tuesday Adobe Systems Inc. releases quarterly financial results, Carnival Corp. releases quarterly financial results, KB Home releases quarterly financial results and Walgreen Co. releases quarterly financial results.
Wednesday General Mills Inc. releases quarterly financial results. Lennar Corp. releases quarterly financial results.

Thursday: Best Buy Co. releases quarterly financial results, ConAgra Foods Inc. releases quarterly financial results, and,

Friday: Oracle Corp. releases quarterly financial results.

The Most Asked Question Last Week

The Big Q: How about giving us some Keys to successful trading?

The Big A: OK, see below in Red’s Edge

Red’s Edge and in the Trenches

Dear Reader, ask yourself what can I do to improve my trading, and what elements do I imagine will likely lead to success or more success?

There may be lots of things so begin by prioritizing your list.

There are three things to learn when looking for success: Simplicity, Patience and Compassion for yourself.

I am a believer in simplicity in trading, but once more simple does not mean easy. It means creating a approach that fits your trading personality, testing it for success, and then practicing it.

Essentially hat means learning what to do first, remember that Knowledge is Power, and putting the knowledge to work to create your trading plan, and your plan for each trade.

That then is one of the important keys to trading success from my POV. And I have said it over and over in this column: Plan Your work and work Your plan. It is You money so it is Your responsibility.

This week set your priorities in place, and no more than 7 items please.

Examples: Where do I find trading candidates, do I use of technical and/or fundamental analysis or both? What does it come down to?

In my own list there I have learned 4 general requirements and 3 necessary one for each trade.

It is essential for you to make and prioritize your list as this exercise will likely lead you to greater successes in trading.

Next week I will share my list with you and you can compare.

Knowledge of Yourself -Your Plan is very helpful, and is used by professional traders to help them Win in a game where most lose. Knowledge is Power!

Again the Reminder on Risk

Risk is everywhere including trading the markets; you must learn to manage risk.

When you seek profits in trading markets there is a certain factor that creeps; it is the “Greed” factor; then comes the Risk factor that gives rise to the Fear factor in trading.

Likely, many bad trades are the results of a misunderstanding of/or an initial failure to pay attention to risk.

Once that risk becomes real for many folks, it can turn into fear and panic. Risk means we can lose something we have, and often traders fail to realize just how much is at risk until it is too late for them

One of the most compelling facts regarding risk of loss in the market is that if a position loses 50%, it must then double, i.e. move up 100% to get back to even.

It is important to note that risk in the buying stock in the market is one of the riskiest things on the planet.

When buying a stock the total investment is at risk. And as we have seen recently, formerly great companies can fall to Zero.

You ask, Red, Are there ways to reduce the risk of losing my entire investment when buying stocks?

Sure, we have discussed them in previous articles. One is employ stop loss orders in place or trailing stop loss orders.

In most situations, these orders can work to prevent losing everything. It is unlikely that a stock will drop from USUS$50 to US$ Zero overnight and most stocks that fail often post warning signs; and while they often fall fast, they usually take a bit of time to hit Zero bottom. In such circumstances, the stop loss may work to preserve capital.

Here is another way to protect an asset (some of us call it Insurance): That is to buy a protective Put. A Put option is a contract whereby the buyer of the Put has the right, but not the obligation, to force someone to buy his stock at a pre-determined price called the strike price any time before the option expires.

To obtain that right, the buyer of a Put pays a premium. The situation is at least analogous to an insurance policy where the insured (stock owner) pays a premium in order to assure that a loss is limited to the premium plus any deductible.

You can learn about managing risk with options but the major risk in options strategies is that options expire so your puts and calls only have value expiration, and assuming no change in the price of the stock, the call becomes less and less valuable as time passes until there is no time left. Insurance…

Another thought that is often espoused is to diversify. There are differing schools of thought regarding diversification and there are many ways to diversify.

The above discussion lists some of the ways traders reduce and manage risk in a stock purchase transaction.

All of the above is intended to motivate you to seek a greater understanding of Risk and in doing so help you Win.

Again, think Education First.

For news and information please go to www.livetradingnews.com,  www.paulebeling.com and www.aseanaffairs.com sign up for RSS feeds on the latest US Market News, ASEAN and World News, Twitter, and the Hot List, its Free 

Some ask, Red what is the reason for writing Red’s Edge?

Simple; I wish to help people succeed in the business of trading markets. And the proof is that I do not sell books or subscriptions to my markets reports or newsletters; it is all Free.

This business is fun, challenging and rewarding in more ways than making money. My mates know that I do “my thing” to keep be sharp in my own endeavors.

The Key is that a person can choose to believe or not believe, trust or not. The fact is that it is all just common sense and when applied diligently the risk is managed and lessened. The rest is up to you!

Download “Knowledge is Power,” Red’s Road to Riches, It is Free.

The difference between winners and losers is that the winners take it seriously and they always add to their knowledge. They read, study, learn nuances, attend seminars, and sometimes use a coach or a mentor.

Successful traders are not those who say coaching or seminars are too expensive. They understand that they can recoup such costs in a single trade.

The unsuccessful folks have the opposite POV, shying away from and ignoring the benefits of a trading education because of the minimal cost. Remember, Knowledge is Power; it will change your life for the better. Red

My pal Wally Stein’s Words of Wisdom

Buy Low, Sell High, or at least in the Middle, Wally’s Lullaby

Sooner or later, those who win are those who believe they can!

Red’s Quote of the Week: “I never know what the next lesson is going to be, because I am supposed to know; I am supposed to trust myself to discover it.” — Paul A. Ebeling, Jnr. AKA The Red Roadmaster.  And, “I lived in solitude in the country and noticed how the monotony of quiet life stimulates the creative mind.”– Albert Einstein

_________________________________________________________

This Week’s In View

ASIAN HIGH-YIELD MARKETS WILL BENEFIT FROM CASH RICH INVESTORS

A spectacular rebound in global credit markets and risk appetite jump-started Asia’s high-yield debt market last year. However, the rally has made investors much more selective about what they will buy in Y 2010. Borrowers need to position themselves accordingly I believe.

The international bond market remains an important source of funding for rapidly growing companies in Asia, particularly those looking to raise large amounts of money for the long term.

The return of new bond issuance in Y 2009 followed a broad based recovery in global financial markets. As liquidity measures introduced by central banks freed up the flow of credit, investors began to move away from overweight, but low-yielding, cash holdings into heavily discounted assets.

The result was one of the most spectacular rallies seen in credit market history, culminating in the return of first sovereign, then investment grade corporate, and finally high-yield bond issuance.

However, rising valuations have also made investors much more selective in what they will buy.

Last year, the rally provided a level of support to most new bond issues, provided they were well-executed.

While savvy strategists are still positive on Asian credit in Y 2010, last year’s rally may not matched. This means investors must discount the equivalent level of market support and look even more closely at the unique fundamentals of each borrower.

The good news for borrowers here is that investors remain attracted to Asia’s economic potential, while emerging market investors also remain relatively under-invested.

Since April 2009, total fund flows into emerging markets sits at just under US$3B, according to EPFR Global, a provider of fund flows and asset allocation data. With strong cash positions as of early October 2009 and relatively light bond issuance toward the end of last year, we think investors have entered Y 2010 with surplus cash to invest.

Successfully raising money in today’s market environment requires borrowers to clearly and effectively sell their credit story to investors.

Along with financial openness, companies have think about how they are positioned within their sectors, countries and in relation to competitors, and finding the right bank to manage this process is crucial.

I believe that the cost of debt will continue to be determined by investor appetite and, for USD bonds, and Key interest rates in the USA.

The consensus is for interest rates in the US to rise in the 2^nd half of this year, something potential borrowers should consider even though it may not happen that soon.

Because of this, one can expect issuance of international bonds from Asia to remain busy in the 1^st half of this year, as issuers move to take advantage of historically low interest rates.

Overall, keen strategists expect further upside to Asian credit in Y 2010 as economic conditions improve and higher bond prices see investors look toward lower-rated names to generate returns.

Issuance of bonds in US Dollars, Euros and Japanese Yen is expected to remain at last year’s record levels at US$56.7B on issuance, with M&A financing, corporate expansion and continued efforts by borrowers to improve their maturity profiles as the Key drivers.

Overall the we should expect Indonesia, and Chinese property sector to dominate the new issue high-yield market in Y 2010. International bond markets remain open to Indonesian companies looking for medium-term financing in large amounts.

Emerging market funds are rich in cash, and credit markets have reached a level of relative stability.

Although investors will be much more selective in Y 2010, financial openness and the right marketing strategy continue to be the key elements for a transaction’s success. —Paul A. Ebeling, Jnr. www.livetradingnews.com

____________________________________________________________

Chartists Plot Your Points

Support and Resistance

DJIA: Close 10,741.89

Resistance:

NIL

10,963 is the July 2008 low

Support:

10,730 the January 2010 high

10,609 the Mid-September 2008 interim low

10,496 the November 2009 high

10,430 the 50 day EMA

10,365 the late September 2008 low

10,285 the late December consolidation high

10,120 the October 2009 high

9829 the September 2008 closing high

9918 the September 2008 high

9855 the early September high in its lateral range

9835 the late September 2009 high

9779 the 200 day SMA

S&P 500: Close 1159.90

Resistance:

1185 from late September 2008

1200 from the July 2008 low

Support:

1156 is the Sept 2008 low

1151 is the January 2010 high

1151 the 10 day EMA

1133 from a September 2008 intra-day low

1119 is the early December intra-day high

1120 the 50 day EMA

1114 is the November 2009 high

1106 is the September 2008 low

1101 is the October 2009 high

1084 September 2009 high

1078 is the October range low

1070 is the late September 2009 high

1051 the 200 day SMA

NAS: Close 2374.41

Resistance:

2382 resistance from 2008

2415 high from 2008

2453 the August 2008 high

Support:

2370 resistance from early 2008

2360 the 10 day EMA

2320 is the January high

2319 the September 2008 high

2292 a low from January 2008

2273 bottom of January 2010 lateral high

2278 April 2008 lows

2273 the 50 day EMA

2212 the July 2008 closing low

2205 the November 2009 high

2191 the October 2009 high

2177 a low from March 2008

2169 the March 2008 closing low: Double Bottom

2168 the September 2009, intra-day high

2167  the July 2008 intra-day low

2155 the March 2008 intra-day low

2143 the October 2009 range low

2099 the mid-September 2008 closing low

2099 the 200 day SMA

________________________________________________________

Hot Topics for this Week

US House Democrats win Healthcare Vote

The Democratic leadership in the US House of Representatives Sunday received 219 of the 216 votes necessary to enact President Obama’s historic healthcare legislation.

This legislation, which dominated and defined Obama’s first 15 months in office, overcame last minute changes of mind within his party, and complex procedural maneuvering on The Hill.

Nancy Pelosi, the Speaker of the House, led the Democratic effort to gain the majority in favor of the US$940B 10 yr bill. In addition to cajoling, and pleading with her Dem wafflers, and made a breakthrough with a group of anti-abortion Democrats led by Bart Stupak of Michigan.

Congressman Stupak, who Sunday  came round to saying he would vote in favor of the bill, sought assurances that President Obama would issue an executive order guaranteeing that no federal subsidies would be diverted to fund abortions. Divisions between US Catholic groups, with the Bishops urging Pro-life legislators to oppose the Bill, and an association of Nuns urging the opposite, shed light on the cultural differences that were re-kindled by the healthcare debate.

On Saturday, an emotional Barrack Obama reached deep and urged his colleagues to show statesmanship and pass the most significant piece of social domestic reform in a generation.

Quoting President Abraham Lincoln, he said: “I am not bound to win, but I’m bound to be true.” Then switching to contemporary idiom ,  he added: “This is one of those times where you can honestly say to yourself, doggone it, this is exactly what I came here to do.”

Following the passage of the Bill in the House, the Senate will week be expected to vote through the package of amendments via the budget “reconciliation” process, which enables them to pass it with just 51 votes and bypass an opposition filibuster.

The Senate vote may be held up by planned Republican amendments and procedural matters. The word is that President Obama will sign the un-amended Bill into law promptly on Monday morning—Paul A. Ebeling, Jnr. www.livetradingnews.com

Bangkok’s Kasikorn Research expects Thai stocks (the Hottest Market) to rise this week

Thailand’s research powerhouse Kasikorn Research Center and Kasikorn Securities Plc released results of their survey underscoring optimistic speculation that the Thai stock market will likely continue to rise for on the this week’s sessions on the premise that the global economic recovery will continue driving fresh capital infusion into the country.

The Chinese companies are investing heavily in Thailand’s infrastructures no matter the domestic political uncertainties and recent street demonstrations.

Kasikorn Research Center said the most important factors to influent to market this week are likely to be the movements of the USD, Crude Oil prices, and the economic data released by both the US and the Europe.

Kasikorn Securities expects the market may move thru 780, a Key resistance point, and around 780-790 pts as a top on the week

During last week sessions, the Stock Exchange of Thailand (SET) closed at 5.62% higher to 774.59 points, a 22 month high since June 2008.

Trade surged 73.76% from last week’s action of 78.15B baht to 135.80B baht on the electronic foreign board.

Foreign investors remain a net buyer of 11.55B baht while the domestic individual investors bought 15.58B baht. —Paul A. Ebeling, Jnr. www.livetradingnews.com

Many of China’s SOEs barred from property development

China’s government is preparing to order some central state-owned enterprises (SOEs) to quit the real estate development business as their land acquisitions are blamed for fueling the rise of urban housing prices, spokesman of the state assets watchdog Du Yuanquan said last week.

The State-owned Assets Supervision and Administration Commission (SASAC) would require 78 centrally-administered SOEs, whose major business was not property development, to withdraw from the business, Du said in a SASAC press conference Thursday in Beijing.

The SASAC gave no specific timetable for the withdrawal, but Du said it would require the 78 enterprises to step up business restructuring and gradually pull out of property development after all current real estate projects were finished.

Housing prices in China’s 70 large and medium-sized cities grew 10.7% in February from a year earlier, and were up 0.9% compared to the previous month, according to official figures.

However, a total of 16 central SOEs, who have property development as major business, such as the China National Real Estate Development Group Corp. and the China Poly Group Corp., will be allowed to continue in real estate.—Paul A. Ebeling, Jnr. www.livetradingnews.com

The Big Q: What is Google’s future in China?

Google’s legal structure in China will allow the company to continue operations even if it closes its local search engine, local employees, industry and legal experts say. The comments come on speculation that Google is on the verge of carrying out its January threat to retreat partly or fully from China.

The company operates google.cn, its China-registered website, under a joint venture with a domestic partner because Chinese law bars foreign investors from holding controlling stakes in the Internet content business. But most of Google’s workforce in the country is employed by a separate company wholly owned by the US parent. “Research and development staff all work with us,” said an employee at Google Information Technology (China), a wholly foreign-owned company according to the Beijing Administration for Industry and Commerce.

Another employee in sales said most of Google’s sales force in China was also employed by the same company and not by Beijing Guxiang Information Technology, the J-V. “They have their R&D firewalled off, so they can continue to keep those people at work even if google.cn closes down,” said Duncan Clark, chairman of BDA, a Beijing-based telecoms and media consultancy.

Speculation about an imminent announcement from Google continued Friday. A state-owned newspaper, quoting an unnamed employee, reported that the company could make an announcement as early as Monday on closing google.cn. Eric Schmidt, Google chief executive, said earlier that the company would seek to keep some of its operations in the country.

Last week, a person familiar with the situation said Google had drawn up detailed plans for the closure of the Chinese search engine and hoped to manage an orderly exit. But negotiations with the Chinese government had not brought any breakthrough.

Google said it had more than 600 employees in China, half in research and development and the other half in sales.

Closing a joint venture in China can take months or even years because the law requires a range of audits including tax and customs issues, according to corporate lawyers.—Paul A. Ebeling, Jnr. www.livetradingnews.com

At the Movies with The Hollywood Reporter (THR)

‘Alice’ three-peats weekend Win

‘Wimpy Kid’ stands strong at No. 2 with US$21.8 million

Disney’s “Alice in Wonderland” pulled off an impressive three-peat win at the weekend boxoffice, with the 3D fantasy ringing up an estimated $34.5 million in its third domestic session.

The Johnny Depp starrer posted a modest 45% dip from its previous session for a 17-day tally of $265.8 million. Launched simultaneously in many foreign markets, “Alice” has fetched $565.8 million in worldwide coin to date.

Fox’s family comedy “Diary of a Wimpy Kid” flexed its muscles most notably of the weekend’s three wide openers. Its $21.8 million performance outpaced pre-release projections to nail down the weekend’s silver medal position.

Sony’s action comedy “The Bounty Hunter,” starring Gerard Butler and Jennifer Aniston, also bowed strongly with $21 million. That was good for third place on the frame and roughly in line with expectations.

But Universal’s scifi thriller “Repo Men,” toplined by Jude Law and Forest Whitaker, underperformed modest expectations with $6.2 million in fourth place. Universal’s Matt Damon starrer “Green Zone” dropped a big 58% in its sophomore session to register $6 million in sixth place, with $24.7 million in cumulative boxoffice.

Elsewhere among holdover titles, Paramount’s youth comedy “She’s Out of My League” fell a modest 39% to register $6 million in fifth place with a 10-day cume of $20 million, while Fox Searchlight drama “Our Family Wedding” slid 50% from its week-earlier opening to $3.8 million in ninth place and a $13.7 million cume. Summit Entertainment’s Robert Pattinson drama “Remember Me” tumbled 59% in its second weekend to $3.3 million in 10th place with a $13.9 million cume.

On an industrywide basis, the $122 million weekend represented a 21% improvement over the same frame last year.

Among several notable limited bows, Focus Features unspooled Noah Baumbach’s Ben Stiller starrer “Greenberg” in two New York theaters and one in L.A. and grossed $120,432. That represented an auspicious $40,144 per venue ahead of a scheduled expansion to about 160 theaters on Friday.

IFC Films’ Italian bio-drama “Vincere” — the story of Mussolini’s lover, Ida Dalser — opened with a pair of New York playdates and grossed $18,000, or a solid $9,000 per engagement.

Music Box bowed Swedish crime thriller “The Girl with the Dragon Tattoo” in 34 theaters and grossed $340,408, or a pleasing $10,012 per venue.

Apparition debuted rock biopic “The Runaways” in 244 locations and grossed $803,629, or an acceptable $3,294 per site.

And Anchor Bay Films bowed dramedy “City Island” with solo engagements in New York and L.A. to gross $35,000, or an encouraging $17,500 per playdate.

Elsewhere in the specialty market, Summit expanded Roman Polanski’s “The Ghost Writer” by 595 theaters to a barely wide 819 and grossed $2.1 million, or a so-so $2,547 per venue. “Ghost” cume reached $6.8 million.

Sony Pictures Classics’ French thriller “A Prophet” added 17 locations for a total 77 and grossed $206,223, or $2,678 per site, as cume climbed to $1.1 million.

Based on the first book in a kids’ literary series, PG-rated “Kid” drew audiences evenly divided between males and females, and comprised 59% of patrons under age 25.

“It’s a testament to the fan base this property enjoys,” Fox senior vp distribution Chris Aronson said.

Rated PG-13, “Bounty Hunter” captured audiences skewing 58% female, with 50% of patrons aged 30 or older.

“We’re happy with the results,” Sony distribution president Rory Bruer said.

R-rated “Repo” attracted audiences comprised 60% of males, with 50% of patrons aged 30 or older.

“It’s disappointing,” Uni distribution maven Nikki Rocco said of the pic’s poor bow. “We had modest expectations, but unfortunately it didn’t get there.”

Looking ahead, two pics open in wide release on Friday. Paramount debuts 3D animated feature “How to Train Your Dragon,” while MGM unspools the R-rated comedy “Hot Tub Time Machine.”

_____________________________________________________________________________________

Current US Stock Market Sentiment + Bulls vs. Bears

MARKET SENTIMENT

Are you watching the VIX?

The VIX gapped lower Wednesday to below the January low. This tells me and you can look for yourself and see that it is a bit the above levels hit in Y’s 2004, 2005, 2006, and  2007.

The US market was in Rally Mode the whole time, hence low volatility does not always mean low stock prices or that a corrective sell-off is coming.

The fact is that your the long term, when the VIX rise with the market it begins to get dicey.

Remember the US economy topped out in Y 2007, and the struggle began. Nevertheless, stocks continued their move North, and so did the volatility (VIX).

In the near term, the low volatility behind the 6-week run perhaps indicates a short-term pullback, not a correction, the trend is North and the trend is your friend.

The Sentiment Indicators

1. VIX: 16.97; +0.35 2

2. VXN: 17.87; +0.63

3. VXO: 16.51; +0.33

4. Put/Call Ratio (CBOE): 0.97; +0.2

NB: Are you watching the VIX?   It always tells us when we are moving back to a more rational market.

*The Market Volatility Index (VIX) measures the volatility of the market. A recent news story described it as “the options market’s gauge of investor fear.” Traders use VIX as a general inverse indicator of market volatility and sentiment. High numbers mean that there’s excess bearishness, and low numbers indicate excess bullishness. The VIX is updated intra-day by the Chicago Board Options Exchange (CBOE), using Standard & Poor’s 500 Index (SPX) bid/ask quotes. It was created in 1993.

**The CBOE NAS Volatility Index (VXN) employs the same formula used to calculate US$VIX, which is based on the implied volatility of S&P 500 index options. This formula is derived from a basket of put and call options. Some are out of the money, some in the money, and some at the money. The resulting US$VXN represents the implied volatility of a hypothetical 30-day option that is at the money.

***The VXO is the ticker created to track the “original VIX” that was calculated using the prices of S&P 100 options. The new VIX uses the ticker US$VIX and is calculated using the prices of S&P 500 options. The fundamental nature of the VXO is the same as the VIX, but it is less robust and not as simple as the VIX.

Bulls vs. Bears

This is a reading of the number of Bullish investment advisors vs. Bearish advisors.  This indicator gives us a look at Bullish investors: too bullish then everyone is in, and a Top is shaping up and visa-a-versa.

Bulls: are at 46.1% are charging, up from 44.9% last week, that since hitting 35.6% the February low, the lowest it has been since July 2009. Remember a number over 35% suggests Bullishness. After peaking at 53 on this move the Bulls lost some steam, falling to a new low post- July 2009.  The Bulls have tapping at 50% since late August 2009, falling to 45%, and bouncing back up to the Mark. They hit a high of 47.7% mid-June on the Run off of the March 2009 low. Note: to be really Bearish the Bulls needs to charge up to 60%- 65%.

For your reference: The Bulls are over the 35% level that is the Key level for a Bullish climate.

Bears: are at 21.3%. Bears are indecisive, trading in a the low 20%, and down from 23.6% last week. The Bears have been pessimistic of this move and they are down sharply from 27.8%. Over 35% is considered Bullish for the market, so they have room in here even though Bulls are at a Bullish level. The Bears came off of 16 odd % and peaked near 28% last November, thus falling short of the 35.6% hit in July 2009.

For you reference: a break through the 35% threshold is considered Bullish, and the Bears hit a high on this run of 47.2%.  Bearishness hit a 5 yr high at 54.4% the last week of October 2008.

What to expect this week and down the line…

The Big Q: The test, will there be one, when and how deep?

The Big A: Many analysts I read are talking about it this weekend. My believe is that Friday’s selling was expiration related and then when it was over the market started to buy into the close as the  S&P 500 headed to its January high.

From my POV the market has the power to move farther North the momentum that has been building, and many stocks are positioned to continue the  6 week charge North in here.

Having said that a small pullback is healthy and not out of the question in the first 3 days of this week, there are strong bids under this market, strong buyers are stacked up there. That has been the case throughout this New Bull Market we are in that kicked off on March 9, 2009. Each and every pullback has been met as a buying opportunity. Sure it looks like there was some profit taking on Thursday and Friday, but again from my POV it was position squaring at Quadruple Witching and the VIX is telling me that the market is healthy in here, that the Bull took a pause to refresh…The liquidity is there, the leadership is strong in the Key leading sectors, and the trend is North.

If you have to look for Southside plays they appear in the energy, metals, and materials sectors to me for now. But they are lagging now and setting up for the next leg of the Bull’s run. But you have to be nimble and not get too pessimistic. The USD’s action affects the action in these sectors and it has been strong on the Greek debt matter that will not last IMO.

It will be interesting to see how the market interprets the House vote on US President Obama’s Key issue, healthcare reform, and if the Bill passes is sent to the Hill tomorrow. I am watching the debate in the House now, it is lively indeed.

We know that the market does not like indecision…

On the economic front: Friday, there will be another look at Q-4 GDP. No changes expected and no indication of any significant change.

Have a great week!

All the best, Red

PS: Savvy market observers say, “play the wrong side of an Obama Administration initiative (healthcare reform) and you are likely to lose.” Red

The Overall Technical Outlook for Gold and Crude Oil

Comex Gold (GC)

Gold rebounded to as high of 1133.3 last week, but subsequent sharp decline dampened the Bullish POV and mixed up the outlook.

So for now I will stay Neutral in here, and wait for confirmation on whether rise from 1044.5 is over.

On the Downside: a break of 1097.3 will complete a head and should top reversal pattern, ls: 1131.5, h: 1145.8, rs: 1133.3, and will suggest that move from 1044.5 is completed. This will also augur that the correction from 1227.5 is still in progress. And if so in such case a deeper decline should be seen to retest the 1044.5 low 1^st .

On the Upside: a break above 1133.3 will suggest that rise from 1044.5 remains in progress, and a break of 1145.8 will target a test of the 1163 level resistance 1^st .

The Big Picture: Price actions from 1227.5 are treated as correction to rise from 931.3 only. The Big Q is whether such correction is finished or not. As long as the 1097.3 Key support holds, I favor the Bullish case that the correction from 1227.5 is completed and rise from 1044.5 is resuming a larger up0trend to another high above 1227.5.

On the Downside: A break of 1097.3 will shift favor to the case that correction from 1227.5 is not completed and fall from 1145.8 would be developing into the 3^rd wave of the correction for another low below 1044.5 before longer term up-trend resumes.

The Long Term Picture: the rise from 681 is treated as resumption of the long term up-trend from 1999 low of 253 after the interim consolidation from 1033.9 has completed in the form of an expanding triangle. Hence, the next long term target is 100% projection of 253 to 1033.9 from 681 at 1462 level. I will hold on to that Bullish view as long as 931.3 structural support holds. Stay tuned….

Nymex Crude Oil (CL)

Crude Oil failed to take out the 83.16 resistance last week, and subsequent sharp decline is in-line with my view that more consolidation will come in here.

Initial bias is mildly on the Southside this week for 38.2% retracement of 69.50 to 83.16 at 77.94.

The downside should be contained there and bring resumption of the rally from 69.50.

A break of 83.16 will target 83.95 as the high.

Note:  sustained trading below 77.94 will augur that the  rise from 69.50 is completed, and deeper decline may likely be seen to retest the Key support.

The Big Picture: Crude Oil is trading inside medium term rising channel, and the rise from 33.2 may still be in progress, as such the rise from 33.2 is treated as a correction to whole decline from 147.27 only, even in case of another high above 83.95, I will continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring a reversal.

On the Downside: a break of 69.50 support will augur that Crude Oil has topped out in medium term already and turn the outlook Bearish.

The Long Term Picture: there is no change in my POV that the fall from 147.27 is part of the correction to the 5 wave sequence from 98 low of 10.65, and the rebound from 33.2 is strong and could continue, there is no solid evidence that suggest fall 147.27 is completed and I am preferring the case that rebound from 33.2 is merely a corrective rise only.

Having said that, I see strong resistance between 76.77/90.24, the fibo resistance zone, and that brings reversal for another low below 33.2 before completing the whole correction from 147.27. Hummm….Stay tuned…

FOREX Currency Trading

This Week’s Technical Analysis for the EUR/USD

The EUR/USD’s consolidation from 1.3443 has likely completed at 1.3817 after failing to1.3852, the resistance.

The initial bias is on the Southside this week for a test of  the 1.3435 low 1st. A break there will confirm that whole decline from 1.5143 has resumed and should target 61.8% projection of 1.4578 to 1.3443 from 1.3817 at 1.3116 next.

On the Upside: a break above 1.3626, the minor resistance, will turn intra-day bias Neutral, and delay the Bearish POV. Otherwise, even in case of another rise, the upside is expected to be limited by 1.3852 (38.2% retracement of 1.4578 to 1.3443 at 1.3861) and bring another decline.

The Big Picture, the outlook remains unchanged. The 3 wave rise from 1.2329 is treated as consolidation to fall from 1.6039 only and should have completed at 1.5143 already. The fall from 1.5143 is tentatively treated as resumption of the whole downtrend form 1.6039, and should target a new low below 1.2329. A break of the 1.4217 support turned resistance is needed to invalidate this Bearish view. Otherwise, I expect the decline from 1.5143 to continue even in case of strong rebound from here.

The Long Term Picture: the long term up-trend from the Y 2000 low of 0.8223 has made an important top at 1.6039 in 2008. Subsequent price actions are so far viewed as a correction only, in form of 3 waves. The 1^st wave completed at 1.2329, and the 2^nd should have completed at 1.5143. Fall from 1.5143, as the 3^rd wave of correction, is in progress and should extend to 1.1639 support, and possibly further to 100% projection of 1.6039 to 1.2329 from 1.5143. None the less I expect strong support from 61.8% retracement of 0.8223 to 1.6039 at 1.1209 to conclude the correction and bring another long term up-trend. Stay tuned…

Disclaimer: This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are the author’s own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the author incur any responsibility. The does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report.

To learn more about Forex Currency trading check out http://ads.easy-forex.com/Gateway.aspx?gid=110222 the platform of choice for the Red Roadmaster.

Small Cap Stocks to Watch this Week

Archer Entertainment Media Corporation (AEMC)

Archer Entertainment co-presented the Miss Thailand World Pageant in Bangkok, Thailand, in October, where it announced at a press conference it was outlining plans for construction of a US$250 million USD state-of-the-art film studio-theme park 30 minutes from Bangkok, with hotels, restaurants and its own airstrip. Archer is building a strong brand emanating from Asia to Worldwide. Beginning as a builder of digital cinemas converted from analog, in china, it is emerging as an internet-focused entertainment-media hub, with the unusual addition of its own production and distribution activities. Several Asian and European film funds are being raised, aimed at a total of USUS$500M to begin filming its slate. Archer co-sponsored the 1^st Worldwide Comedy Film Festival, in Phuket, Thailand, this past June. The company has 9 feature films in development, as well as a number of TV series, to be cast with American, Canadian, British, Australian and Asian stars and other support actors, international directors, and below-the-line staff. It is introducing getonline.com, a global database of actors, writers, directors, designers, and other personnel, initially from Asia, introducing thousands of new talent to the worldwide employment market. Preparations are well advanced for a large-budget motion picture, “Kings of the Seas,” a high-adventure comedy- drama about the 16th century meeting of East and West in the China Seas, to star actors like Hugh Jackman and Jet Li, The global entertainment market is set to explode with the growing wealth of countries like China and India, whose own films and television projects are becoming more international, if not westernized. The success of recent Chinese films, like “Crouching Tiger,” “Hero,” and others, and the huge recent hit from Danny Boyle set in Mumbai, India, “Slum Dog Millionaire,” presage success for Archer Entertainment Worldwide. www.archeremc.com

Trading at US$0.095/shr. -.005  Support..9.  Resistance .12  The 50 Day EMA is .31   Technicals are overall Neutral to Bearhis. The recent Candle Stick analysis is: Very Bullish.

Latest News and Opinion: N/A

Hythiam, Inc. (HYTM): This Company is doing good work and closing in on the answer to addiction of drugs and alcohol through its patented Prometa® therapy, a protocol that is designed to reset dysfunctional receptors in the brain to a pre-substance abuse state while integrating medical, behavioral, and nutritional components. Hythiam has 21 patents issued or allowed and 95 applications pending. Q-1 Y 2008 revenues grew to USUS$11.3 million, with 60% increase in contributions from anti-addiction services. Hythiam recently signed an Agreement with Ford Motor Corp. to offer its services to Ford’s employees worldwide. Hythiam provides comprehensive behavioral health management services to health plans, employers, and criminal justice and government agencies. In May 2008, Hythiam announced reimbursement agreement with CIGNA HealthCare for Prometa based treatment program. Its CATASYS™ Integrated Substance Dependence Solution is the only program of its kind dedicated exclusively to chemical dependence. The company also researches, develops, licenses and commercializes innovative and proprietary physiological, nutritional, and behavioral treatment programs. This market represents 180 million lives, and over 22 million Americans suffer from dependence on illicit drugs or alcohol, with only 18% seeking treatment. Direct medical costs in the US are over USUS$42B. Cocaine/stimulant addiction therapy is a multi-billion dollar market opportunity that was previously without effective treatment. www.hythiam.com

Currently trading at .25   +.005 on the week.  Support .22  Resistance .26.  The 50-Day EMA is .35. There is a Inverted DOJI on March 19 Technicals are overall Bearish.  The recent Candle Stick analysis is: Very Bearish

Latest News and Opinion: Hythiam to Present at the Roth 22nd Annual OC Growth Stock Conference

http://finance.yahoo.com/news/Hythiam-to-Present-at-the-bw-1598652828.html?x=0&.v=1

PSYS Up 21%; Confirms Offers

http://blogs.barrons.com/stockstowatchtoday/2010/03/10/psys-halted-after-18-jump-bain-takeout/?mod=yahoobarrons

Hythiam Announces Peer-Reviewed Publication of Randomized, Double-Blind, Placebo-Controlled Study

Study of the Medical Component of PROMETA^® Treatment Program Demonstrated Statistically Significant Result on Cravings of Methamphetamine Dependent Subjects

http://finance.yahoo.com/news/Hythiam-Announces-bw-2983188793.html?x=0&.v=1

Neah Power Systems, Inc. (NPWZ): NEAH has developed and successfully tested a patented, silicon-based, micro fuel cell, which recently passed 2000 hours of continuous energy production. The Company claims it will eventually replace batteries. It recently successfully completed a second round of tests for U.S. Navy Office of Naval Research, which has invested US$3 million into the Company, which expects to offer its products to the entire range of the US and global military. The self-contained fuel cell also has a large market in police, and fire departments, and other first responders, including ambulance, paramedic and emergency room personnel, as well as power solutions for notebook PCs PDAs, mobile phones, camcorders, digital cameras and other portable electronic devices. NEAH’s fuel cell fits within a notebook PC’s internal battery cavity instead of outside the computer, and uses methanol, a renewable resource, which delivers continuous untethered power. NEAH recently received a cash infusion from Agile Opportunity Fund, and also acquired SolCool One, LLC, and a leader in the solar air conditioning industry. NEAH recently announced a joint venture with Hobie Cat boats to develop a fuel cell propelled craft, and also revealed another with EKO Vehicles of Bangalore, India, to develop a fuel cell charger for their line of motorcycles and scooters sold around the world. http://www.neahpower.com The iHubbers are also talking about Neah.

Currently trading at .38 shr   -.005   Support  .37 .  Resistance  .40.   The 50 Day EMA is .55.  There is a Bearish Kicking Candle on March 19, Technicals overall are Bearish. The recent Candle Stick analysis is: Bearish

Latest News and Opinion: Zacks Investment Research Rates Neah Power Systems as Outperform, Sees $1.75 Price Target Over Next 12 Months

http://finance.yahoo.com/news/Zacks-Investment-Research-pz-2998727857.html?x=0

ZACKS says NPWZ: Speculative Buy on Fuel Cells

http://finance.yahoo.com/news/NPWZ-Speculative-Buy-on-Fuel-zacks-3397207042.html?x=0&.v=1

Neah Power Systems Renewable Energy On and Off the Grid

http://finance.yahoo.com/news/Neah-Power-Systems-Renewable-pz-3580606113.html?x=0&.v

Neah Power to Offer Green Electricity Solution to Asia

http://finance.yahoo.com/news/Neah-Power-to-Offer-Green-pz-353142790.html?x=0&.v=1

Neah Power to Acquire CyVolt Energy Systems With Proprietary Fuel Cell Technology to Recharge Lithium Batteries

http://finance.yahoo.com/news/Neah-Power-to-Acquire-CyVolt-pz-151555427.html?x=0&.v=1

TOMI Environmental Solutions, Inc. (TOMZ). “TOMI” is an infectious disease control company, which uses one of the most powerful disinfectants known to man: ozone. The Ministry of Health, in Thailand, has invited TOMI to demonstrate its prowess in eliminating pathogens in a military hospital, similar to its success in September, in a Baltimore hospital operating room, in which it killed 99.999% of all viruses, bacteria, mold spores, and pathogens. TOMI’s technology can be used against all forms of pathogens, including Swine Flu. Hospitals can be a significant hazard to sick people, and TOMI may come to be the only answer to a real problem in healthcare. TOMI remediated a high school in Brooklyn, NY after a flu outbreak, and outperformed any other known treatment method, killing 99.999 percent of all bacteria, viruses, and mold spores, using TOMI’s Ultraviolet Ozone Generators. The EPA reports that indoor air pollution is in the top five risks to public health. The American Medical Association (AMA) says that indoor levels of pollutants are between 25 and 200 times higher than outdoors.  TOMI-ES has an exclusive distribution agreement with Advanced Disinfection Technologies, LLC to market their MRA Technology to over 300 Hospitals with its alliance partners. Magnetic Resolution Activation (MRA™) is a revolutionary breakthrough disinfection process that effectively kill microorganisms, is not harmful to people or animals, is non-allergic, inexpensive and convenient to use. 2.4 million people each year require additional hospital care. Hospital-acquired infections (HAIs) account for more than 120,000 deaths annually in the US.  ADTec’s research and development company and TOMI’s complete air remediation for all forms of disinfection for many industries, solves this problem with the ability to kill 99.99% of harmful bacteria, viruses and spores in a hospital room in 15 minutes at a very economic price. Unlike harmful chemicals, the Reactive Oxygen Species fog (ROS) does no damage to any known material. www.tomiesinc.com

Currently trading at .43   +.03  Support .42  Resistance 1.08.  The 50-Day EMA is 1.21   There is a Bullish Kicking Candle on March 18 + a gap open up on March 19 at .35/.38. The overall technical indicators are: Bearish/Neutral The recent Candle Stick analysis is: Bearish

Latest News and Opinion: TOMI (ES) Confirms Breakthrough Healthcare Technology

http://finance.yahoo.com/news/TOMIES-Confirms-Breakthrough-pz-2463785547.html?x=0&.v=1

On The Watch List

BWI HOLDINGS INC (BWIH) Last Look: March 16, 2009

Preview: Looking at BWI Holdings Inc (BWIH), the fast growing Western Canada waste management firm, from a Technical POV. The overall analysis after Friday’s (January 29, 2010) market action is Neutral; in the near term Neutral, mid-term Neutral, and long term Neutral. The recent Candle Stick analysis is: Neutral.

“On the Watch List” contains potential investment opportunities for suitable small, mini and micro cap portfolios.

___________________________________________________________

Red’s Rules to Always Play by…

Do what they do on Wall St. and not what they say; that means tune out the “Noise”.

Some folks like to buy stocks because they are upgraded, or sell stocks because they are downgraded; that’s the wrong approach. Learn how to evaluate stocks for yourself. It is not a difficult process; the steps are 1) check the volume for a buying or selling patterns, 2) recognize support and resistance levels and utilizing key charting patterns. I use www.stockta.com for my data. Knowledge is Power (and Money)

Over my 30+ yrs playing the stock market in earnest, I have learned that there are winning stocks that most traders and investors completely ignore and abhor. And when played right, these overly unappreciated issues often lead to huge gains, but it is all about timing.

There is no mystery here; you all know and/or have heard about “penny stocks” i.e. those that trade under USUS$5.00/shr on US markets (10’s of thousands of stocks trade on other world markets under USUS$5.00/shr and are not referred to in the same pejorative manner). This is just a label (designed to diminish their value and keep you away, IMO).

The fact is that there are many, many studies made over the years that prove that these stocks outperform the overall market, and when there is a steady new Bull Market, the little stocks (small caps, micro and mini caps) lead the Charge.

As a class, they are the most undiscovered and underappreciated sector of stocks and the sector where the biggest chance ends up big winners on a consistent basis. I call them Little Gems; they are indeed Wall Street’s buried treasure for those who wish to go treasure hunting.

Here, in the RedRoadmaster, I work to uncover solid, moneymaking companies whose shares are grossly undervalued and virtually undiscovered, and they sell for USUS$5 or less a share.

And do not forget to always include some small, mini and micro cap (pennies and juniors) sues in your sights; they can give you explosive percentage returns like no others.

Savvy traders do not wait for the stock market to hit bottom, recover or get toppy; they do not double down or resort to tricky, desperation moves.  They make simple moves on good data and bank some gains.

Do not think get rich – think get rich slowly; it works.

Even if you know absolutely nothing about how to start making a living in the stock market, and want to learn how to do it, the first step is to learn from someone who knows how to do it successfully. The stock market is about success, and the lifestyle that comes with it, but it must be done carefully, both by picking the issues and in the trading of them, because one wants to make money doing it independently and without stress.

You can’t reverse your “bad plays”. Breathe through your nose, count to 10 and move ahead. Go forward, and only focus on what the opportunities are in front of you to win in the stock market game. You do not live in the scrapbook, and always take what the market gives.

A journey of a thousand miles begins with the first step (Confucius); Download and read and study “Knowledge is Power,” my e-Book, its Free.

Always remember that we look at the risk first and decide how to manage it before ever entering a position. Yes, losses will be incurred; it is part of this and any business, and not a bad thing if they are controlled.

Again, think “get rich steady” and not “get rich quick” and think Education!

The Bull is charging again, and perhaps this the best investing scenario since the early 80′s.  It is happening now and savvy traders and investors are positioned and in the action.

Have a great week, and stay tuned.

All the best as the leaves turn…

Red

PS: Some of you know that I am the founder and non-Executive Chairman of Archer Entertainment Media Communications, Inc., www.archeremc.com, also that I am the Co-Founder of www.livetradingnews.com Check it out please, let me know your thoughts. Please reply to Redroadmaster@aol.com

Disclaimer:

The foregoing is commentary for informational purposes only. It is designed to help the reader learn the fine art of technical analysis. Links are provided to articles and stories referenced in this Report. Some statements and expressions are the points of view and/or opinions of Red Roadmaster™, aka Paul A. Ebeling, Jr. and the contributors. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. I am not licensed or registered in the securities industry. The information presented herein has been obtained from readily available sources believed to be reliable, but its accuracy is not guaranteed. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. I do not receive compensation in any manner from any of the companies that are discussed in this Report. Please feel free to print and/or send The Red Roadmaster’s Technical Report on the US Major Market Indices ™ to your friends and associates, no permission is necessary.

©2002/2009 Paul A. Ebeling, Jnr.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE OR IN OUR NEWSLETTERS. Red Roadmaster is not registered as a securities broker-dealer or an investment advisor either within the US Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. The information contained on our website or in any of our newsletters should be viewed as commercial advertisement and is not intended to be investment advice. Any information found on our website, or in any of our newsletters is not provided to any particular individual with a view toward their individual circumstances. The information contained on our website, and in any newsletter we distribute, is not an offer to buy or sell securities. We distribute opinions, comments, and information free of charge exclusively to individuals who wish to receive them. Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies’ profiled based solely on information contained in our report. Individuals should assume that all information contained on our website or in one of our newsletters about profiled companies is not trustworthy unless verified by their own independent research. Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stockbroker before investing. Information contained in the Red Roadmaster Market Report will contain “forward looking statements” as defined under section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward-looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. Red Roadmaster is committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable. To the fullest extent of the applicable law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org

Click below to read the full report:

Posted by Shayne Heffernan on Mar 22nd, 2010and filed underOil, USA.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site