Commentary Pre-Week Review

by EIN on 2009/11/09

in News Service, economy

pNovember 9, 2009 (FinancialWire) emLast weeks commentaries included /ememFord (NYSE: F), Dell Inc (NASDAQ: DELL), Starbucks Corp. (NASDAQ: SBUX) and others:/em/p pstronga title=Permanent Link to FirstAlert(tm) Daily 11/6: Beware The Third Wave Down href=http://www.financialwire.net/2009/11/06/firstalerttm-daily-116-beware-the-third-wave-down/Beware The Third Wave Down/a:/strong (Technical commentary by Frank Kollar) The SP 500 Index (SPX), and its tracking ETF the SP Deposit Receipts (NYSE: SPY), rebounded this week from a sharp sell-off last week. Although the gains this week, culminating in a 2% rally on Thursday, November 5, are a nice boost for the bulls (continued at a href=http://www.financialwire.net/2009/11/06/firstalerttm-daily-116-beware-the-third-wave-down/http://www.financialwire.net/2009/11/06/firstalerttm-daily-116-beware-the-third-wave-down//a).strong/strong/p pstronga title=Permanent Link to FirstAlert(tm) Daily 11/5: Fed Funds Fun href=http://www.financialwire.net/2009/11/05/firstalerttm-daily-115-fed-funds-fun/Fed Funds Fun/a:/strong Market commentary by Philip Holmes Stocks finished mixed on Wednesday on economic news that was rather, uh, mixed. But hey, cable operator Comcast (NASDAQ: CMCSA) sees the economy as improving. Do the unemployed maintain cable service? The Dow Jones industrial average closed at 9,802.14 on Wednesday, up by 30.23 points, while (continued at a href=http://www.financialwire.net/2009/11/05/firstalerttm-daily-115-fed-funds-fun/http://www.financialwire.net/2009/11/05/firstalerttm-daily-115-fed-funds-fun//a).strong/strong/p pstronga title=Permanent Link to Have Shares Of Biotech HOLDRS Reached Support? Asks Market Timer Frank Kollar href=http://www.financialwire.net/2009/11/05/have-shares-of-biotech-holdrs-reached-support-asks-market-timer-frank-kollar/Have Shares Of Biotech HOLDRS Reached Support?/a:/strong Technical commentary by Frank Kollar Shares of Biotech HOLDRS (AMEX: BBH) have taken a heavy hit these past two weeks, but may have reached a short term support level. After breaking to the downside from a pennant formation on October 21, shares of Biotech HOLDRS continued to fall until reaching a low of (continued at a href=http://www.financialwire.net/2009/11/05/have-shares-of-biotech-holdrs-reached-support-asks-market-timer-frank-kollar/http://www.financialwire.net/2009/11/05/have-shares-of-biotech-holdrs-reached-support-asks-market-timer-frank-kollar//a).strong/strong/p pstronga title=Permanent Link to FirstAlert(tm) Daily 11/4: Are Bears Running Out Of Time? href=http://www.financialwire.net/2009/11/04/firstalerttm-daily-114-are-bears-running-out-of-time/Are Bears Running Out Of Time?/a:/strong Technical commentary by Dr. Joe Duarte The SP 500 and the SP 500 SPDR ETF (NYSE: SPY) are dancing between the 20 and 50 day moving averages. Intraday volatility is rising. And we are in the midst of a very important week. That means that anything is possible (continued at a href=http://www.financialwire.net/2009/11/04/firstalerttm-daily-114-are-bears-running-out-of-time/http://www.financialwire.net/2009/11/04/firstalerttm-daily-114-are-bears-running-out-of-time//a).strong/strong/p pstronga title=Permanent Link to Do Or Die For Shares of Starbucks, Says Market Timer Frank Kollar href=http://www.financialwire.net/2009/11/04/do-or-die-for-shares-of-starbucks-says-market-timer-frank-kollar/Do Or Die For Shares of Starbucks/a:/strong Technical commentary by Frank Kollar Shares of Starbucks Corp (NASDAQ: SBUX) are between important support and resistance levels that will determine their course for the weeks ahead. Starbucks has resistance at the $20.00 level, where the current declines picked up downside momentum. Starbucks also has strong support at $18.74 (continued at a href=http://www.financialwire.net/2009/11/04/do-or-die-for-shares-of-starbucks-says-market-timer-frank-kollar/http://www.financialwire.net/2009/11/04/do-or-die-for-shares-of-starbucks-says-market-timer-frank-kollar//a).strong/strong/p pstronga title=Permanent Link to FirstAlert(tm) Daily 11/3: Manufacturing Recovery? href=http://www.financialwire.net/2009/11/03/firstalerttm-daily-113-manufacturing-recovery/Manufacturing Recovery?/a:/strong Market commentary by Philip Holmes Stocks ended Mondays higher after a volatile trading session as investors weighed the lasting impact of the days better-than-expected manufacturing data. As if to boost the bulls case, Ford Motor Co. (NYSE: F) unexpectedly posted a third-quarter profit of $997 million. The Dow Jones industrial average closed (continued at a href=http://www.financialwire.net/2009/11/03/firstalerttm-daily-113-manufacturing-recovery/http://www.financialwire.net/2009/11/03/firstalerttm-daily-113-manufacturing-recovery//a).strong/strong/p pstronga title=Permanent Link to SP 500 SPDR ETF Goes Nowhere, Says Dr. Joe Duarte href=http://www.financialwire.net/2009/11/03/sp-500-spdr-etf-goes-nowhere-says-dr-joe-duarte/SP 500 SPDR ETF Goes Nowhere/a:/strong Technical commentary by Dr. Joe Duarte The SP SPDR ETF (NYSE: SPY) has taken it on the chin lately. And Mondays action was no improvement despite the bounce. Duarte added: Our trading plan calls for daily chart watching, with special attention to key support and resistance levels such as the 20 (continued at a href=http://www.financialwire.net/2009/11/03/sp-500-spdr-etf-goes-nowhere-says-dr-joe-duarte/http://www.financialwire.net/2009/11/03/sp-500-spdr-etf-goes-nowhere-says-dr-joe-duarte//a).strong/strong/p pstronga title=Permanent Link to Dell Breaks Support, Says Market Timer Frank Kollar href=http://www.financialwire.net/2009/11/03/dell-breaks-support-says-market-timer-frank-kollar/Dell Breaks Support/a:/strong Technical commentary by Frank Kollar Shares of computer maker Dell Inc (NASDAQ: DELL) reached important support levels late last week and on Monday, November 2. A week ago we wrote: With the exception of one trading days intra-day lows, the $14.80 level has held all declines since Dell rallied last August. This should (continued at a href=http://www.financialwire.net/2009/11/03/dell-breaks-support-says-market-timer-frank-kollar/http://www.financialwire.net/2009/11/03/dell-breaks-support-says-market-timer-frank-kollar//a).strong/strong/p pstronga title=Permanent Link to FirstAlert(tm) Daily 11/2: Setting Up For A Fall href=http://www.financialwire.net/2009/11/02/firstalerttm-daily-112-setting-up-for-a-fall/Setting Up For A Fall/a:/strong Market commentary by Genevieve Hawkins Investors were spooked last week as volatility climbed, and if news from automaker Ford (NYSE: F) isnt as good as expected, the drop could signal the end of the rally. Last Fridays drop led the Dow down 2.6% for the week, while the SP 500 lost (continued at a href=http://www.financialwire.net/2009/11/02/firstalerttm-daily-112-setting-up-for-a-fall/http://www.financialwire.net/2009/11/02/firstalerttm-daily-112-setting-up-for-a-fall//a).strong/strong/p pstronga title=Permanent Link to Stock Market Reform Advocates Lose Ally And Hero href=http://www.financialwire.net/2009/11/02/stock-market-reform-advocates-lose-ally-and-hero-2/Stock Market Reform Advocates Lose Ally And Hero/a:/strong Editorial commentary by Mark Faulk There will be a lot written and said about Houston attorney John OQuinn over the next few days, as family, friends, and colleagues eulogize the famed attorney who died Thursday in a car accident, along with a longtime employee of his law firm (continued at a href=http://www.financialwire.net/2009/11/02/stock-market-reform-advocates-lose-ally-and-hero-2/http://www.financialwire.net/2009/11/02/stock-market-reform-advocates-lose-ally-and-hero-2//a).strong/strong/p pemFinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (a href=http://www.financialwire.net/disclosures.phphttp://www.financialwire.net/disclosures.php/a). Contact FinancialWire(tm) directly via a href=mailto:inquiries@financialwire.net target=_blankinquiries@financialwire.net/a./em/p pemFree annual reports for companies mentioned in the news are available through the Free Annual Reports Service (a href=http://investrend.ar.wilink.com/?level=279 target=_blankhttp://investrend.ar.wilink.com/?level=279/a)/emem./em/p

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