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Paul Ebeling on Wall Street

RUTX

Again this week we will see, beginning Tuesday, lots of US econ data

Earnings will be the focus this week. So far what we are seeing is top line revenues beats missed in Q-3. Yet there is chatter about a disappointing earnings season. Let’s let it unfold and see.

Key components to watch this week are the RUTX and the S&P 400. Both backed off last week, expect a pullback, watching.

The tech sector has improved should it continue that will augur well for the market, and money flowed into drugs, watch to see if that continues.

Last week stock mutual funds, domestic and international, saw big inflows. $4-B into domestic, $3.6-B into international, money came out of bonds.

Stocks are at new market post-Bear Market highs in terms of S&P 500, the small and mid cap indices, waiting on the retail sector to liven, because when happens it signals that the top is in.

Check this out from one analyst I read, “there is the thought that all that money kept bonds running much longer than many smart people thought. Bill Gross’ funds lost millions and millions because he bet the bond run was over, but that money just kept pushing it higher and higher. Thus, even if the switch does ultimately mark the top of this stock rally, it could take months for that to manifest in a reversal and the market can rally nicely higher in the interim.”

That said, the US market could see more bids to stocks when the participants sense the timing is right.

Earnings may the catalyst to post more gains, stocks have rallied ahead of them. After that we will have to see.

Red’s Bull and Bear Trade Alerts

Options Trading Alert: Goldcorp NYSE: GG

Profile: Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. The company’s principal mining properties include Red Lake, Porcupine, and Musselwhite gold mines in Canada; Peñasquito gold/silver/lead/zinc mine, and Los Filos and El Sauzal gold mines in Mexico; Marlin gold/silver mine in Guatemala; Alumbrera gold/copper mine in Argentina; and Marigold and Wharf gold mines in the United States. Goldcorp Inc. was founded in Y 1954 and is HQ’d in Vancouver, Canada

Website: http://www.goldcorp.com

A record number of Goldcorp Call contracts were traded last Friday. There were 3.7 Calls traded for each Put contract yielding a 0.27 Put/Call Ratio PCR, where 5,438 Put and 20,267 Call contracts exchanged hands.

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift in here.

Options can provide significant leverage if the stock moves in the right direction but also finish worthless if it does not.

PCR statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock.

A high PCR suggests that the investment sentiment is Bearish and that investors expect the underlying stock to decrease in value.

A low PCR implies that investor sentiment is Bullish based on the large amount of Call options.

Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Shares of Goldcorp finished off 0.40 (-1.07%) at 36.88 last Friday.

Friday’s daily price range: 36.65 – 37.32.

The 52 wk trading range is: 31.54 – 50.74.

Volume: 5.5-M/shrs Friday was more that the 3 month average volume of 5.1-M/ shares.

GG is trading above its 20-Day MA, and below its 50 and 200 Day MAs.

Next Earnings Date: 24 February 2013

Analysts Recommendation: Buy

1 yr Price Target Estimate: 52.00

PE: 20.37

EPS: 1.83

Divi Yield

1.45%

Performance Metric

Week Month Quarter Half Year Year

+4.69% -0.45% -18.66% +2.14% -15.52%

LTN Analysis: Overall Short Intermediate Long

Bearish (-0.41) Bearish (-0.26) Very Bearish (-0.53) Bearish (-0.46)

Disclaimer: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates are responsible for any errors or for results obtained from the use of this information. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in Good Faith, are subject to change without notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

                      Re-cap of the US Markets for the Week ended 11 January 2013

                             US Stocks: Wall Street Finishes Mixed Friday, S&P 500 at 5 yr Highs

DJIA 13488.43+17.21 (0.13%) NAS 3125.63+3.87 (0.12%) S&P 5001472.05-0.07 (-0.00%)

Volume and Breadth: trade was below the Y 2012 daily average of 6.42-B/shares, with roughly 5.93-B/shares changing hands on the NYSE, the NAS, and the NYSE MKT. Advancers outpaced decliners on the NYSE by 1,578 to 1,393, advancers’ outnumbered decliners on the NAS by 1,228 to 1,223..

The major averages were little changed Friday, the S&P 500 held its 5 yr high. US equities softened on the open as data out of China indicated the country’s consumer price index rose by 2.5% Y-Y.

The news put a damper on expectations for future stimulus and China’s Shanghai Composite fell 1.8%.

US traders looked to Wells Fargo NYSE:WFC 35.10, -0.30, the 1st financial to report Q-4 results.

Industry Watch

Strong: Energy, Technology, Consumer Staples

Weak: Financials, Materials, Telecoms

The financial sector was the weakest performer and Wells Fargo slid 0.9%. The bank’s quarterly report topped the earnings and revenue forecast, but turned out to be less upbeat on review. During Q-4, Wells Fargo saw its margins compress to a multi-year low. In addition, mortgage originations dropped from $139-B in Q-3 to $125-B during Q-4.

The materials sector lagged due to under performance from miners and steelmakers following hotter-than-expected Chinese inflation data.

BHP Billiton NYSE:BHP 76.66, -2.03, and Rio Tinto NYSE:RIO 55.65, -1.64 were downgraded to ‘Neutral’ from ‘Outperform’ at Macquarie. The 2 miners settled lower by 2.6% and 2.9% respectively.

The consumer staples space was the top performing sector and the SPDRConsumer Staples Select Sector ETF NYSEArca:XLP 35.92, +0.16 ended higher by 0.5%. Though most components were mixed, tobacco stocks led the sector higher.

Philip Morris NYSE:PM 89.23, +1.94 was the top industry performer after Goldman Sachs added the stock to its Conviction Buy List. Philip Morris gained 2.2% and other cigarette producers saw strength as well. Reynolds American NYSE:RAI 42.62, +0.36, and Lorillard NYSE:LO 117.02, +0.93 both gained near 0.9%.

The market is receiving early reports concerned with Holiday spending in the US.

Yesterday, Aeropostale NYSE:ARO 12.38, -0.86 lowered its earnings guidance which weighed on rival teen retailers. Though the stock proved to be resilient during yesterday’s session, it ended lower by 6.5% today. Piper Jaffray downgraded the stock to ‘Neutral’ from ‘Overweight.’ Additionally, Imperial Capital has cut its price target for Aeropostale to 15 from 18. American Eagle Outfitters NYSE:AEO 19.14, -0.80 and Buckle NYSE:BKE 43.85, -0.33 lost 4.0% and 0.8% respectively.

Best Buy NYSE:BBY 14.21, +2.00 rose 16.4%, the electronics retailer reported flat domestic comparable store sales while international sales declined by 6.4% Y-Y. With lowered expectations going into the Holiday period, the market is receiving Friday’s update as better than thought.

Dendreon Corp NASDAQ:DNDN rose 21% to 6.17 after Sanford C. Bernstein upgraded the drug maker’s stock to “outperform” from “market-perform” and said it could be one of the best performers in Y 2013.

                                        US Major Market Indexes Technical Analysis

Overnight, aircraft manufacturer Boeing NYSE: BA 75.16, -1.93 was back in the headlines, reports from Reuters indicated that 2 more Dreamliner 787 jets have experienced structural issues. In response, the United States Federal Aviation Administration has ordered a review of the aircraft’s electrical systems.

There was some economic data points were reported Friday; the trade deficit widened to $48.7-B during November after a downwardly revised prior month deficit of $42.1-B. Economists polled expected that the deficit would come in at $41.8-B.

Export prices, excluding agriculture, decreased by 0.2% in December after they had decreased by 0.7% during the prior month. Excluding Crude Oil, import prices decreased by 0.1%, which follows the 0.2% decrease experienced in the prior month.

The December US Treasury Budget showed a deficit of $260-M, which was narrower than the deficit of $1.0-B expected by the consensus. The equity indices did not respond to the news.

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                       This Week on the Economic Front in the USA

Monday, 14 January

None

Tuesday, 15 January

Retail Sales, December (8:30a): 0.2% expected, 0.3% past
Retail Sales ex-auto, December (8:30a): 0.3% expected, 0.0% past
PPI, December (8:30a): 0.0% expected, -0.8% past
Core PPI, December (8:30a): 0.2% expected, 0.1% past
Empire Manufacturing, January (8:30a): 2.0 expected, -8.1 past
Business Inventories, November (10:00a): 0.3% expected, 0.4% past

Wednesday, 16 January

MBA Mortgage Index, 01/12 (7:00a): 11.7% past
CPI, December (8:30a): 0.0% expected, -0.3% past
Core CPI, December (8:30a): 0.1% expected, 0.1% past
Net Long-Term TIC Fl, November (9:00a): $1.3-B past
Industrial Production, December (9:15a): 0.2% expected, 1.1% past
Capacity Utilization, December (9:15a): 78.5% expected, 78.4% past
NAHB Housing Market , January (10:00a): 48 expected, 47 past
Crude Oil Inventories, 01/12 (10:30a): 1.314-M past

Thursday, 17 January

Initial Claims, 01/12 (8:30a): 370-K expected, 371-K past
Continuing Claims, 01/05 (8:30a): 3100-K expected, 3109-K past
Housing Starts, December (8:30a): 889-K expected, 861-K past
Building Permits, December (8:30a): 905-K expected, 899-K past
Philadelphia Fed, January (10:00a): 5.2 expected, 4.6 past

Nat Gas Inventories, 01/12 (10:30a): -189 BCF past

Friday, 18 January

Michigan Sentiment, January (9:55a): 75.0 expected, 72.9 past

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This Week on the Earnings Front in the USA

Below is the earnings calendar for the companies that LTN views as Key market or sector players.

These estimates are the Thomson Reuters consensus for earnings per share EPS and revenue R$ abbreviated for millions or billions.

Monday, 14 January

Consolidated Edison Inc (NYSE: ED)… $0.73 and R$3.35-B

Tuesday, 15 January
Forest Laboratories Inc (NYSE: FRX)… -0.14 and $765.3-M
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)… $0.77 and R$4.63-B
Lennar Corp. (NYSE: LEN)… $0.43 and R$1.32-B
Linear Tech Corp. (NASDAQ: LLTC)… $0.40 and R$310.5-M
M&T Bank Corp. (NYSE: MTB)… $2.18 and $1.12-B
Northern Trust Corp. (NASDAQ: NTRS)… $0.75 and R$988.2-M
The Wendy’s Co. (NYSE: WEN)… $0.04 and R$637.9-M

Wednesday, 16 January
Bank of New York Mellon Corp. (NYSE: BK)… $0.54 and R$3.6-B
Charles Schwab Corp. (NYSE: SCHW)… $0.15 and R$1.21-B
Comerica Inc. (NYSE: CMA)… $0.65 and R$620.1-M
eBay Inc. (NASDAQ: EBAY)… $0.69 and R$3.97-B
Goldman Sachs Group Inc. (NYSE: GS)… $3.66 and R$7.83-B
JP Morgan Chase & Co. (NYSE: JPM)… $1.19 and R$24.44-B
Kinder Morgan Energy Partners LP (NYSE: KMP)… $0.66 and R$2.45-B
Kinder Morgan Inc. (NYSE: KMI)… $0.35 and R$3.02-B
US Bancorp (NYSE: USB)… $0.74 and R$5.16-B

Thursday, 17 January
Bank of America Corp. (NYSE: BAC)… $0.02 and R$21.1-B
BB&T Corp. (NYSE: BBT)… $0.71 and R$2.46-B
BlackRock Inc. (NYSE: BLK)… $3.69 and R$2.5-B
Capital One Financial Corp. (NYSE: COF)… $1.61 and R$5.88-B
Citigroup, Inc. (NYSE: C)… $0.96 and R$18.8-B
Intel Corporation (NASDAQ: INTC)… $0.45 and R$13.76-B
Morgan Stanley (NYSE: MS)… $0.29 and R$7.07-B
UnitedHealth Group Inc. (NYSE: UNH)… $1.19 and R$28.1-B

Friday, 18 January

General Electric Co. (NYSE: GE)… $0.43 and R$38.7-B

Schlumberger NV (NYSE: SLB)…. $1.08 and R$10.85-B

*All earnings estimates are from Thomson Reuters; they can change and may have already changed.

For the complete list go to: http://biz.yahoo.com/research/earncal/today.html

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                          The Most Asked Question again last Week

The Big Q: Red, do I need Gold, do I need it now?

The Big A: the world’s central banks are buying Gold, decide what is best for you.

Gold prices gained 6.70 0.4% during the last week, as the precious Yellow metal’s value was supported by Chinese Gold imports which rose to a 7 month high in November 2012, said Gerhard Schubert, head of precious metals at bank Emirates NBD Saturday.

In his weekly published commentary, Mr. Schubert said there was general expectation in the market that in China the demand for gold generally picks up before Christmas and will last till the Lunar New Year, February 2013.

In addition, Chin

a reported a 14.1% Y-Y growth in exports for the month of December 2012. Rising trade figures usually trigger worries over an inflation rise which translates to higher Gold prices.

Saturday, Gold was trading at around 1,662 oz. That is1.8% high than on 6 January but slightly lower than 1, 680 the precious Yellow metal tapped on 9 January.

Mr. Schubert said that the precious Yellow metal, is on a rebound, could not sustain early Y 2013 momentum because of inflation data from China, which was highest in the last 7 months. “This led investors to book gains on Gold,” said Mr. Schubert in his report.

Other factors that supported Gold, regarded as an investment for protection against inflation, are the European Central bank’s decision to keep interest rates steady.

We read and hear a lot of misinformation in the mainstream media about nuclear energy and its use

PS: We here at LTN are focused on natural resources, agriculture, the Singapore $, and quality stocks that offer steady returns and high dividends, we call them Aristocrat Stocks (and the events that shape the market prices) and profile them weekly on www.livetradingnews.com . They are not priced to make investors a fortune, but they are priced to give approximately 4 to 5% real return on capital, that beat the bank deposit rates soundly and risk is avoided.  Pay attention and Cheer up.

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!

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Red’s Edge and in the Trenches

                                            Reflect and Resolve to Make Money

The area that I believe to be of great importance to those of us who have a keen interest in trading markets is how to better Play the Game of trading and investing.

The 1st thing to do, IMO, is to reflect on what was done last year and how well it was done. I believe it will be the common denominator that some stuff was done well and some not so well. That said it would be a good plan to work to be better at what was not done so well in this New Year.

Looking into the past may be helpful to put together Resolutions that will bring positive changes that bode well for future action in the markets, in order to set up for continuing success.

The common areas that most all traders/players work on to improve in order to continuously post good Percentage and Money records are:

1. Formulate a Trading Plan for their business; this is a business, though many of refer to it as a Game.

2. Follow and fine-tune the Trading Plan along the way.

3. Learn to Cut Losses

4. Stop Cutting Profits

5. Manage your money; remember Your Money and Your Responsibility.

6. Education, Education and more Education, Knowledge is Power.

7. Last but not least are; never enter a position without a Way Out (aka Exit Strategy)

Lumped into 1 Key Trader/Player Resolution and followed will likely lead to improved trading results.

That said, always strive to do your best, use the best tools, be patient with yourself and be happy.

Each new day comes with new opportunities, challenges, and changes.

All the best,

Paul A. Ebeling, Jnr.

PS:  if you look at yourself as a player/trader, and you like doing it, then it is Key to understand what makes you “tick”; plus it is very helpful to understand the motivations for your actions and their timing in the entering and exiting positions. It is very important to strive to remove the emotion and focus on the business of trading the markets to win. When you acquire the discipline and the tools to remove the emotion you are on the way to winning and perhaps winning Big. PE

To succeed in trading, a Player needs Knowledge; Gain it and use it wisely

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The Key to Stock Market Understanding

We all know that markets and stocks go up and they go down. Players will have winning trades and losing trades.

Individual trades do not determine if a trader is a success or failure. A losing trade can be a successful trade if the trader has followed the disciplined Plan and cut a loss timely.

So, that being said, and knowing that there will be times of drawdown for even the best trader, how is success measured in this business?

Well, one way is to go back and look at steps along the path that brought you to trading. This will likely help you understand how well you are doing.

Example: one of the first steps along the path to trading success was your learning how to use the computer, a basic skill that makes the work easier, faster and hopefully better, and it follows that improvements made in the steps along the path would likely improve overall success.

Next is, have you completed and do you use a well-defined and controlled trading plan? And have you learned strategies to trade up down or sideways markets? Have you developed an exit strategy, whether you have a discipline to cut losses-whether you are dedicating time to education through reading, or seminars and/or have you structured your time to permit regularly attending to the business of trading? Hopefully you are getting more knowledgeable, as knowledge is Key.

So, then take the time to look back from where you are now, so you can analyze the steps that you have taken so far, looking at what you have done you can see what you have not done as well and that may lead you to improve our trading.

You might look back and see that you have closed losing positions only after losses have mounted to the point where you feel hopeless.

That revelation could lead you to establishing a more disciplined exit strategy. Instead of waiting for hopeless, instead decide to use the reversal of some indicator, or the break through a moving average as a more disciplined way to cut losses more quickly and more efficiently. I tell people this all the time when they call to ask.

So, if you are not satisfied with your trading, look and see what actions can be improved going forward?

Success is not static and can become better than you ever thought when you are willing to examine how you got where you are, with a look to how you can make the necessary changes to get where you want to be.

Again, there are many ways to make and lose money in the markets. It is clearly worthwhile to learn how to make money and how to reduce or avoid losses if one is going to venture into this game.

For if you are not armed with Knowledge, it is better to forget the possibility of financial gain in the markets and simply live life on the sidelines. The risks for the ignorant are huge, and in this action, Ignorance is not bliss.

Safety

Safety is an illusion. You have all heard and experienced that, ask yourself, Is it safe to walk down steps, take a walk, cross the street, drive your car, sail your boat, swim in the ocean, fly your plane, ski and scuba dive, etc, etc, etc. So it is fair to say that it is not likely to have complete safety in life.

In the investment world, highly rated bonds were considered safe in the past, but that has been proved not necessarily so.

In the world of stock trading, safety is established with the exit strategy, and like most safety, it is imperfect at best. But it does work pretty well if you have established a good plan. And as a player/trader, you must begin with a clear understanding what is adequate safety for you. This column talks about the “Plan” throughout the year, Plan Your Work and Work Your Plan is a recurring theme here. It is your money, so for sure it is your responsibility.

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 in; it is the “Greed” factor; then come the Risk factors that give 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 of 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 until 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.

                My pal Wally Stein’s Words of Wisdom

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

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

Red’s Favorite Quote for this Week

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                                                 Hot Topics

See all of the Latest World News on www.livetradingnews.com up-dated hourly 24/7

In View:  White House will not mint US Platinum coins to avoid debt crisis

Saturday, the Obama administration killed the idea of minting platinum coins in the denomination of US$1-T to generate revenue and avoid the looming battle with Republicans on raising the federal government’s debt ceiling.

“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” Treasury Department spokesman Anthony Coley said.

Some Democrats and economists, including Nobel Prize-winning economist Paul Krugman, contended that the US Treasury could mint a Platinum coin with a face value of US$1-T and deposit it at the US Federal Reserve, which would credit the sum to the government’s account and continue the government’s normal operations.

The US federal government reached its debt limit of US$16.4-T on 31 December 2012 and the Treasury was taking extraordinary measures to temporarily postpone the date that the United States would otherwise default on its legal obligations.

Democrats and Republicans struck a deal on 1 January to avoid the “Fiscal Cliff,” a combination of tax hikes and automatic government spending cuts.

Raising the federal government’s debt ceiling may be the next “Flash Point” between Democrats and Republicans, as Republicans were urging for steep government cuts in line with a debt ceiling increase.

EU Watch: New EU Rescue Plan Asks Nations to Contribute More

There is a proposal circulating among Eurozone finance ministry officials calls for Eurozone countries to assume a large portion of future bank bailouts in return for aid from the zone’s rescue fund, it was reported in London late Sunday evening.

The plan, which was sent to the finance ministry officials last year, and it calls for countries facing banking system collapse to either invest with the European Stability Mechanism in the failing banks or agree to guarantee any losses which the fund, or ESM, might incur.

The report also said the proposal might offer some relief to Ireland, although it is likely to be only a small part of the money that nation used to bail out banks.

ASEAN Watch:  Singapore government announced a fresh comprehensive set of stringent measures on Friday to cool the city state’s residential property market.

The latest measures, which will take effect on 12 January include higher buyer’s stamp duty, tighter loan-to-value limits, higher minimum cash down payment for 2nd and subsequent housing loans, as well as seller’s stamp duty for industrial properties.

Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam said that the government had to take further measures to check recent market trends and avoid a more serious correction in prices further down the road.

“The reality we face is that interest rates are extraordinarily low, globally and in Singapore, and continue to add fuel to our property market,” he said.

The government said the latest measures might be temporary and subject to reviews depending on the market conditions.

With the latest measures, the additional buyer’s stamp duty will be raised by between 5 and 7% across the board, including those for permanent residents buying their first and subsequent residential property and Singaporeans buying their 2nd property onwards.

Foreign or non-individual buyers of private property will have to pay an additional buyers’ duty of 15%, up from the 10% announced as part of a round of cooling measures earlier.

The loan-to-value limit will be lowered for individuals obtaining their 2nd and subsequent housing loans, and the minimum cash down payment for individuals will also be raised significantly.

Permanent residents, or foreigners who have been granted permanent residency, will not be allowed to sublet their whole public housing units. The maximum strata floor area for new executive condominium units will be capped at 160 sq. meters.

In addition, a new sellers stamp duty of 5 to 15% will be imposed on industrial property, depending on when it is sold.

Singapore buyers of their first property will not be affected by most of the measures.

Local media said it was the seventh and most comprehensive round of cool-down measures announced by the government since the housing prices began to rise quickly along with the rebound of the economy in Y 2009.

Nevertheless, the housing prices in Singapore still rose to record highs in Q-4 of Y 2012 despite the cooling measures. The public housing units, which are built and sold by the government to local households, account for 76% of the total number of residential units in Singapore. The rest are private properties that are less stringently regulated.

The government has also significantly increased the supply of public housing units over the past two years. Each household is allowed to buy only one unit of public housing unit, which the government has been trying to keep affordable.

“A large supply of public and private housing, up to 200,000 units in total will be completed in the coming years. Coupled with the new measures, we will be better placed to ensure that housing remains affordable to Singaporeans,” Minister for National Development Khaw Boon Wan said.

BRICS Watch:  China’s Economy to gather momentum in Y 2013

Official data suggests China’s economy will pick up in Y 2013, as the global economy is stabilizing and government measures and reforms have come into play, analysts said.

The government announced Thursday that exports gained 14.1% in December from one year earlier, up from November’s unexpectedly weak 2.9% rise. The value of imports rose 6% Y-Y last month, improving from November, when there was no growth.

Combined with other strengthening indicators revealed last month, including industrial profits and output figures for November and a preliminary HSBC reading on December’s manufacturing activity, the figures have made many hopeful for an economic turnaround.

China’s import volume recovered in October and remained robust through the fourth quarter, indicative of a further recovery of quarter-on-quarter GDP growth, said Royal Bank of Scotland’s chief China economist Louis Kuijs.

The country’s economic growth is likely to accelerate to 8.5% this year from around 7.8% in Y 2012, said Lian Ping, chief economist at the Bank of Communications.

A slight improvement in the world economy will contribute to mildly stronger growth in exports this year, as the financial situation in the EU is expected to stabilize, while the US and emerging markets will recover somewhat, Lian said.

“The economy will grow briskly in Y 2013 if we look at the infrastructure projects fast-tracked by the government in recent months and the momentum of economic reforms,” he said.

The government sped up approvals for the construction of new highways, ports, railways and sewage networks in the second half of 2012, with investment in infrastructure projects “Green lit” by the country’s top economic planner exceeding CNY 5-T (US$795-B in Q-3.

Lian said he expects fixed-asset investment to increase 23% in Y 2013, compared with growth of less than 21% in Y 2012.

Local governments will boost urbanization, a major driver of growth advocated by Chinese leaders, to generate stronger investment demand this year, he said.

In addition, anticipated reforms for the income distribution mechanism and structural tax cuts will likely create more domestic consumption, Lian said.

Zhuang Jian, a senior economist with the Asian Development Bank, said China’s growth bottomed out in Q-3 of Y 2012 and will probably pick up in Q-4 due to increased infrastructure construction and frequent open market operations by the central bank to ease liquidity during 2-H of Y 2012.

There remain some uncertainties for the economy’s recovery, as the export outlook is still shaky and higher inflationary pressure may reduce the chances of further monetary loosening, Zhuang said.

“However, compared with last year, this year will see slightly better performance, with both domestic and external demand picking up a bit,” he said. “Economic growth will at least continue on an upward trajectory in the first half.”

China’s economic growth slowed for seven consecutive Quarters until Q-3 of Y 2012, when it reached a rate of 7.4%, because of the global economic downturn and cooling domestic property investment.

The government targeted growth of 7.5% last year, a decrease from the Y 2011 target of 8%.

Authorities have vowed to focus on high-quality and efficient growth this year, as well as make efforts to ensure sustainable and healthy development.

A steady recovery in Y 2013 will create more room for the government to transform the country’s economic development pattern, as it will offset the negative side effects of stimulus measures, Lian said.

He said the government should be cautious in boosting infrastructure construction and preventing overheated investment.

Zhuang said policymakers should not allow the improving economic indicators to make them complacent, as reforms that are needed to make growth more consumption- and technology-driven must not be deferred.

US Watch:  Big Pick Up Trucks a ‘Highlight” at Detroit Auto Show

Big pickup trucks will be in the spotlight at the 2013 North American International Auto Show in Detroit as the 3 US auto giants, Ford, Chrysler and GM have raced for buyers.

“There is nothing more core to our business than trucks, and we think we’re timing this very well,” Detroit News quoted Mark Reuss, President of GM’s US operations, as saying when he promoted new Silverado and Sierra during a Auto Show preview for automotive journalists.

Automakers are hoping for better days ahead for their full-size pickups, after some very rough years. They even anticipate the full-size pickups’ share could surge to 13% or more in the next year or 2.

Sales of pickups in the US peaked at 2.46-M in Y 2005, accounting for 14.5% of the total US new vehicle market. By Y 2012, they accounted for only 11.3% of the market, according to AutoData Corp. data.

After hitting a low of 1.12-M in Y 2009, sales of full size pickups have seen a modest rebound, with 1.64-M sold last year.

Besides new models, fuel economy has become as important as cargo and payload capacity for buyers of full-size trucks.

GM claims new Silverado and Sierra remakes will offer significant improvements in mileage by adopting such advanced power-train technologies as direct injection and cylinder deactivation.

Chrysler Group is expected to present its redesigned Y 2013 Ram 1500 and Ford its next-generation F-150 at the Detroit Auto Show scheduled to open to the public on 14 January.                                 ______________________________________________________           

                                 At the Movies with Monica Petrucci

Domestic Box Office Report: ‘Zero Dark Thirty’ tops with $24-M; ‘Haunted House’ shoots ‘Gangster Squad’

The hunt-for-Osama bin Laden flick gets a boost after getting an Oscar nomination for Best Picture; star studded “Gangster Squad” under fire finishes # 3.

Kathryn Bigelow’s Zero Dark Thirty beat the competition at the domestic weekend box office, grossing a better-than-expected $24-M expanding nationwide after being nominated for an Academy Award for Best Picture.

Zero Dark Thirty’s #1 finish is a victory for Sony and Megan Ellison’s Annapurna Pictures, the pair are experiencing heavy criticism that the film about the US hunt for Osama bin Laden overemphasizes the role torture played in tracking him down.

Zero Dark Thirty earned $29.5-M since opening 19 December in New York and Los Angeles.

The film scored an A- CinemaScore from audiences. Males made up nearly 60% of ticket buyers, the film has become a “lightning rod” on the CIA torture issue.

Zero Dark Thirty, financed and produced by Annapurna, was scripted by Mark Boal, who teamed with Bigelow on the Oscar-winning The Hurt Locker. That Y 2008 film failed to garner much interest at the box office, grossing only $17-M.

The ZDT earned 5 AA noms, including a best picture nom for Jessica Chastain. Receiving the top Academy Award nom greatly can improve a film’s fortunes if the timing is right, which is why Sony waited until now to unleash Zero Dark Thirty nationwide.

Haunted House outpaced expectations to gross a hearty $18.8-M for Open Road Films, IM Global and Endgame Entertainment. Coming in at # 2, the movie starring Marlon Wayans is a parody of the Paranormal Activity franchise and other found-footage pics.

IM Global financed Haunted House through its Octane label, while Jim Sern’s Endgame put up the marketing money. According to exit surveys, 48% of ticket buyers were African-Americans, Latinos made up 30%.

Warner Bros.’ Gangster Squad, placed # 3, grossed a soft $16.7-M while receiving a B+ CinemaScore. Directed by Ruben Fleischer, Gangster Squad revolves around a special task force formed by the Los Angeles Police Department during the late 1940s to fight mobsters. Josh Brolin, Ryan Gosling, Sean Penn, Michael Pena and Emma Stone star.
.
Other Best Picture contenders, the Weinstein Co.’s Silver Linings Playbook, from director David O. Russell, was the big winner. The film is + 38% from the prior weekend, the most of any film grossing $5-M for a total $41.3-M. The movie ups its theater count to 2,500 locations next weekend.

Steven Spielberg’s Lincoln, from DreamWorks and Disney, fell less than 17%, grossing $6.3-M in its 10th weekend for a domestic take of $152.6-M.

Ang Lee’s Life of Pi, playing in 757 theaters, was down just 5% after the nominations were announced, grossing $2.7-M domestically for a take of $94.8-M. Overseas, the 20th Century Fox continued to defy expectations, grossing $33.2-M from 67 markets for an international total of $357.2 and worldwide take of $452-M.

Best picture candidates Django Unchained and Les Miserables did not see much bump, but are big grossers.

Django came in # 4, grossing $11.1-M for a domestic take of $125.4-M so far.

Universal’s Les Miserables fell 37% from the prior weekend, grossing $10.1-M for a total $119.2-M. Overseas, the musical took $25.5-M during the weekend from 22 markets for an international take of $115.1-M, worldwide the total is $234.3-M so far..

Sony Pictures Classics’ best picture contender Amour, playing in 15 theaters, scored the 2nd best location average of the weekend, grossing $270,575 in its 4th weekend for a theater average of $18,038 and take of $651,852.

Amour, directed by Dustin Hoffman and starring Maggie Smith, came with the best theater average of the weekend. Debuting in 2 theaters in New York and LA, the Weinstein Co. title grossed $50,333 for an average of $25,166 each.

Have some fun, see a movie this week.

All the best,

Monica Petrucci from Tinsel Town

_________________________________________________________________________________

                            US Major Market: Support and Resistance

DJIA close: 13,488.43

Resistance

13,653 the Sept 2012 high
13662 the Oct 2012 intra-day high
13,668 from the Dec 2007 high
13,692 from the Jun 2007 high

14,022 from the Jul 2007 high
Support

13,413 the late Sept 2012 low
The 10-Day EMA:13,363
13,331 the Aug 2012 high
13,297 the Apr 2012 high
The 50-Day EMA: 13,194
13,058 the May 2008 high
13,056 the Feb 2012 high

The 200-Day SMA: 13,024
12,716 the Apr 2012 closing low
12,524 support from the Summer of Y 2012

S&P 500 close: 1472.05

Resistance

1471 the Oct 2012 intra-day high
1475 the Sept 2012 high
1499 from Jan 2008
1539 from Jun 2007

Support
1466 the Sept 2012 high
The 10-Day EMA:1457
1441 from the Sept 2012 high
1440 from the Nov 2007 closing lows
1434 from Nov 2012
1433 from Aug 2007 lows
The 50-Day EMA: 1429
1427 the Aug 2012 high
1425 the Oct 2012 low
1408 the late Oct 2012 closing low
1406 the early May 2012 high

1402.22 the Aug 2012 closing low
The 200-Day SMA: 1393
1378 the Feb 2012 high

1375 the early Jul 2012 high

NAS close: 3125.64

Resistance

3134 the Mar 2012 high
3171 the Oct 2012 intra-day high
3197 the Sept 2012 high
3227 the Apr 2000 intra-day low
3401 the May 2000 closing low

Support

3112 the mid-Oct 2012 high.
3101 the Aug 2012 high
3090 the mid-Mar 2012 interim high
The 10-Day EMA:3088
3076 the late Apr 2012 high
3062 the Dec 2012 high
3050 the Y 2011 up trend line

3042 from the May 2000 low
The 50-Day EMA: 3029
3024 the Gap mark from early May 2012

3000 the Feb 2012 high
2999 the bottom of the Aug 2012 consolidation
The 200-Day SMA: 2992
2988 the Jul 2012 high
2980 the Jul 2012 high

______________________________________________________________________

                    US Major Market Sentiment: the Bulls Vs the Bears

Sentiment Indicators

VIX: 13.36; -0.13
VXN: 15.87; -0.21
VXO: 13.32; +0.03

Put/Call Ratio (CBOE): 0.72; -0.06

Bulls Vs Bears

The Bulls are at 51.1% Vs 47.8%. The Bulls are charging toward the September high that preceded a market adjustment, the Bears are alert.

For your reference: 35% is the threshold for Bullishness, it tapped 34% in early June, the market rallied. . To be really Bearish it needs to get up to the 60 – 65% mark.

The Bears are at 23.4% Vs 24.5% Content to watch in here as they have been for weeks now.

For your reference: 35% + is the threshold to be really be a good Northside signal.

Note: Bearishness hit a 5 yr high at 54.4% the last week of October 2008. The move over 50 took Bearish sentiment to its highest level since Y 1995, extreme negative sentiment for sure.

NB: Watching the VIX.  It always tells us when we are moving back to a more rational market. *The 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 19**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.

                         Focus on FX:  Trade Idea: EUR/USD pair – 1.3338

Chart: ProRealTime

Most recent candlesticks pattern: N/A

Trend: Up

Tenkan-Sen level:1.3307
Kijun-Sen level:1.3270
Ichimoku cloud top:1.3114
Ichimoku cloud bottom:1.3113

Original strategy: Buy at 1.3205, Target: 1.3305, Stop: 1.3170

New strategy: Buy at 1.3250, Target: 1.3355, Stop: 1.3215

As the EUR has risen after its brief pullback and resumed an early up move, it is suggesting further gain to 1.3375-80, but near term overbought condition should limit any Northside action to 1.3400, the 61.8% Fibo projection of 1.3038-1.3284 measuring from 1.3248, and then the price would fade below 1.3440-50, risk from there is seen for a minor correction later on.

This being the case, I would not chase the rise here, and would buy EUR on pullback as intra-day support at 1.3249 should limit any Southside decline.

A clear break below 1.3215-20 would change the play, and risk correction to 1.3190-00, but the price should stay well above previous resistance at 1.3140, now support, bring on another rally sooner or later. Stay tuned…

                                 Focus on Precious Metals and Energy

The Overall Fundamentals

Commodities posted modest gains last week on a few optimistic headlines related to Europe and China.

The Basel Committee of banking supervisors announced that they will delay the time that global banks should acquire designated liquid capitals to weather future crisis by 4 yrs to Y 2019. The Committee also broadened the range of acceptable collaterals that are eligible to meet a bank’s “Liquidity Coverage Ratio”, allowing liquid bank assets to include corporate bonds rated as low as BBB-, some Blue-Chip equities and some mortgage-backed securities rated AA or above.

Crude Oil

Brent Crude Oil contract fluctuated within a range of 90 and 130 in Y 2012 but only gained +3.5% on annual basis. Average Brent Crude price last year was 110.

Geopolitical tensions and supply disruption, mainly in the North Sea, led to rises in Brent Crude Oil prices last year, although these gains were offset by global economic concerns with the most prominent ones the US Fiscal Cliff and sovereign debt problems in peripheral European economies. Against the backdrop of US economic recovery, recession in Europe and a relatively stronger outlook in the emerging market, together with accommodative bias in global central banks, Brent Crude Oil is expected to maintain moderate gain, averaging around 120-130, in Y 2013.

Crude Oil demand from OECD countries should drop further Y 2013, but at the lesser rate than Y 2012. European consumption should remain weak as a result of its economic contraction.

Demand from emerging markets such as China and other Asian countries could pick up more quickly. Concerning non-OPEC supply, the biggest contributor would be the US. Its strong performance has been driven by shale Oil. Year to date, onshore crude oil production has risen +830-K BPD, or +23%, from Y 2011.

Natural Gas

The DOE/EIA reported that Nat Gas storage fell -201 bcf to 3316 bcf in the week ended 4 January. Stocks were +88 bcf higher than the same period last year and +320 bcf above the 5-yr average of 2 996 bcf.

Baker Hughes NYSE:BHI reported that the number of Gas rigs slipped -5 units to 434 in the week ended 11 January. Oil rigs increased +5 unit to 1 323 and Miscellaneous rigs slipped -4 units and the total number of rigs fell -1 unit to 1 761.

Directionally oriented combined Oil, Gas, and Miscellaneous rigs added +12 units to 182 units while horizontal rigs gained +7 units to 1 119 units and vertical rigs slid -20 units to 460 during the week.

The Overall Technicals

Comex Gold (GC)

Gold’s recovery from 1626 extended last week as consolidation continued. But with resistance at 1695.4 holding, a deeper fall is expected. A break below 1626 will extend the whole decline from 1798.1 to the support zone at 1478.3/1577.4.

On the upside: a clear break of 1695.4 indicates a reversal and bring on stronger rebound back to the resistance at 1755.0 and above.

The Big Picture: price actions from the high at 1923.7 are seen as a medium term consolidation pattern. There is no indication that the consolidation is complete, and more range trading is in store. The Southside of any falling leg should be contained by the support zone at 1478.3/1577.4, and bring on a rebound. But, a clear break of the resistance zone at 1792.7/1804.4 augurs that the long term up-trend is resuming for a new high above 1923.7.

The Long Term Picture: support at 1478.3 is intact, so there is no change in my long term Bullish outlook for Gold. Some more medium term consolidation cannot be ruled out, nevertheless I see an eventual break of the psych mark at 2000 in the long run. Stay tuned…

Comex Gold Continuous Contract Daily Chart

Comex Silver (SI)

Silver’s recovery from 29.24 continued last week as the consolidation continued. However, the resistance at 31.535 is intact, so near term outlook remains Bearish, and another fall is seen. A break below 29.24 will extend current fall from 34.42 to 161.8% Fibo projection of 35.44 to 30.65 from 34.42 at 26.67. A break of 31.535 augurs that a short term bottom has formed, and bring rebound back to 55-Day EMA now at 32.01.

The Big Picture: as long as resistance at 37.58 holds, Silvers price actions from 26.105 are seen as a consolidation pattern, meaning, that the downtrend from the high at 49.82 is not over, and a new low below 26.105 is favored. But, a clear break of 37.58 will dampen this Bearish POV, and could bring on a stronger rise back to the high at 49.82 and above.

The Long Term Picture: the Big Q remains; is 49.82 a medium term or long term Top. With the 61.8% Fibo retracement of 8.4 to 49.82 at 24.22 intact, price actions from 49.82 could turn out to be a consolidation pattern. And a break of the resistance at 37.58 increases the odds of a new high above 49.82. Stay tuned…

Comex Silver Continuous Contract Daily Chart

Nymex Crude Oil (CL)

Crude Oil rose to 94.70 last week cracking the 61.8% Fibo retracement of 100.42 to 84.05 at 94.17 before fading some. The near term outlook is Bullish as long as the minor support at 91.52 holds. Sustained trading above 94.17 shows the way for a retest of the Key resistance at 100.42.

Note: Bearish divergence condition in 4 hrs MACD. Break of 91.52 signals that a short term Top formed, and bring a pullback to the psych mark at 90, and below.

The Big Picture: price actions from 114.83 are still seen as a triangle consolidation pattern, no change in this POV. Fall from 100.42 is likely the 5th and the last leg of this consolidation. That said, any Southside action should be contained above 77.28 and bring on a Northside breakout eventually. A clear break of the resistance at 100.42 suggests that rebound from 33.29 has resumed for move to 114.83 and higher.

The Long Term Picture: Crude Oil is in a long term consolidation pattern from 147.27, with the 1st wave completed at 33.2. The corrective structure of the rise from 33.2 indicates that it is the 2nd wave of the consolidation pattern. While it could make another high above 114.83, I see strong resistance ahead of 147.24 to bring on a reversal for the 3rd leg of the consolidation pattern. Stay tuned…

Nymex Crude Oil Continuous Contract Daily Chart

                                                LTN Hot List

The LTN “Hot List” contains potential investment opportunities suitable small, mini and micro cap portfolios.

American Estates Management Company (PK: AEMC) provides mining and mineral processing engineering services; geological and environmental services; marketing, project development, project management, and mineral resource management services. American Estates Management Company markets mineral and metal products and equity in mineral and metal projects, and partners in the development of mineral assets and metal production facilities. American Estates Management Company has developed business activity in North America, South America and Asia.

Marketing Mineral Real Estate & Mineral Resources
Mineral Lease & Mineral Resource Sale Negotiation
Mineral Lease Management
Monitor Exploration & Mining Activity
Verify Royalty Payments
Develop Real Estate & Mineral Resource Databases, Estimates & Maps
Valuation of Mineral Real Estate & Mineral Resources

Target Price: 0.50

http://www.livetradingnews.com/hot-charts-mjna-pfno-trth-aemc-92961.htm#.UKB9bIcsmh0

http://www.livetradingnews.com/indonesias-mining-mess-a-bonus-for-aemc-pinkaemc-86967.htm#.UHIYRU3Mi88

Trai Thien USA Inc (PINK: TRTH)

Trai Thien USA is a fast-growing Vietnam-based dry bulk shipping company operating a 21,990 DWT fleet comprised of six geared bulk vessels specializing in providing ocean transportation services for raw material input items such as coal, ore, grain, lumber, cement, steel and fertilizer throughout the Southeast Asia region.

After China, the primary sources of future bulk demand are India, Brazil and Vietnam. The region contains three of the four global BRICs (Brazil, Russia, India, China), seen by economists as the future growth leaders in the world economy.

The Asia Pacific region accounts for 60% of the world’s population and almost 70% of world sea-borne trade in bulk commodities.

In order to meet anticipated continued growth in demand from an expanding base of overseas and domestic Vietnamese customers, as well as to expand the geographic regions that it can service to include potentially more profitable routes in East and South Asia.

The Company’s Vietnam-based operations are located in Ho Chi Minh City, which together with the surrounding areas, accounts for more than seventy percent of Vietnam’s total annual cargo traffic.

Pink Sheets: TRTH

Current Price: 0.10

Current PE: 4.0

Revenue Growth: 148%

1 yr Target Price: 1.00

Analysts Rating: Strong Buy

http://www.traithienusa.com

http://www.livetradingnews.com/hot-charts-mjna-pfno-trth-aemc-92961.htm#.UKB9bIcsmh0

            Red’s Bull Trade Alerts and Option’s Alerts are suitable for Big Cap portfolios

Goldcorp NYSE: GG

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, and this perhaps this the best investing scenario since the early 80′s.  It is happening now and savvy players and investors are positioned and in the action. Remember to always be nimble and take what the market gives.