MidWeek Commentary

HI Financial Services Mid-week 01-08-2014

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

 

Article Links
can be followed by being a twitter follower

 

You Can’t Stop Market
Rigging by Ignoring It

http://bloom.bg/1dRioQN

 

Plosser Warns Fed
Shouldn’t Try to Offset Potential GDP Loss

http://bloom.bg/JATv2L

 

Feldstein to Summers
Forecast Quickening U.S. Growth This Year

http://bloom.bg/JS38tt

 

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1 comment

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