HI Financial Services
Mid-Week 01-07-2013
On days like today my only goal is to get stronger
and healthier. – Gene
What has been
happening so far this week?
The US market
started the year with a 3 day 3% pullback BUT I do not think this is going to
be the start of a 10 % or more correction because there is NOT a negative
catalyst at this time
Today was the
rebound that we should have had yesterday
The “talking
heads” believe that profits were being taken the first three days of the year
to pay the taxes on those gain in 2014?
Doesn’t really make sense to me why anyone would delay taxes when taxes
appear to be going up. These type of
comments make me wonder if the “talking heads” have any clue to what is really
going on!!!!!
Where will our
market end this week?
In all honesty I
really don’t know because we have the catalyst for the month of January
starting this week –
What Catalysts –
Earnings and Ave Workweek
Nothing else has
changed from the end of last year so I would expect a 2 to 3% growth this month
in the S&P 500 which would put it close to 1900 at the end of January
BUT I think the
growth this year comes from Value stock (blue chips), Individual companies,
Tech, Materials loosely, and Financials
DJIA – Building
a base right now and 16,400
SPX – Also looks
like it is building a base at 1820
COMP – Still heading up and it looks like it had the
typical pullback before the next leg higher
Where Will the
SPX end January 2013?
12-02-2013
1900 or higher – My vote is technically 1883.4 up 3% from
today
1875 –
1850 –
1825 –
1800 or lower –
What is on tap for the rest of the
week?=
Earnings:
Tues: MU, FC
Wed: BBBY, MON, TXI, WDFC
Thur: AA, FDO
Fri:
Econ Reports
Tues: Trade Balance
Wed: MBA, Crude, ADP Employment Report, Consumer Credit
Thur: Initial Claims, Continuing
Claims,
Fri: Ave Workweek, Non- Farm Payroll, Private
Payroll, Hourly Earnings, Unemployment Rate, Wholesale Inventories
Int’l:
Tues – GB: PMI
Wed – JP: All Industry
Index
Thurs – JP: BOJ Announcement
Friday – FR: Business Climate
Sunday – CN: PMI Flash Mfg Index
How I am looking to trade?
Right now I am sitting in mostly
covered calls or plain old stock positions
In real life I will be preparing to
create collar trades in the next 2 to 4 weeks and start to put money that is currently
sitting on the sidelines to work
You should have prepared last week
your stock earnings list. Here is mine
AA 1/09
AAPL 1/21
BA 1/29
BIDU 2/04
C 1/16
CLDX 2/27
D 1/28
DIS 2/05
F 1/29
FB 1/29
GOOG 1/23
LNCO 2/20
MEI 2/27
NVDA 2/12
SNDK 1/22
RIG 2/26
TSLA 2/19
V 2/05
VZ 1/21
ZION 1/27
Questions???
www.myhurleyinvestment.com =
Blogsite
www.KevinMHurley.com = Follow me online
www.customerservice@hurleyinvestments.com
= Email
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1 comment
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