MISSION ACCOMPLISHED

Today the Dow broke through 13,000 for the first time ever, reaching that psychological level this week that I said we would. I am also going to make a bold statement here and say that I do not feel that we will ever see a real bear market again (unless something catastrophic and unpredictable happens). With the trillions of dollars invested in the stock market, I do not think the big money will let the markets go under since that would cost a plethora of jobs, money, businesses, and most importantly the economy.

Furthermore, investing has become very popular. College students are even investing in stocks now, something that was only done by the most sophisticated of individuals only a decade or so ago. Also, television shows and broadcasts concentrating on stocks have become very popular. Shows like On the Money and Mad Money even get the couch potato interested in putting their money in the markets.

Of course, a correction and consolidation is possible and probably healthy in most cases, but I do not think we see the markets ever go under 12,000 again, and after it sits above 13,000 for a while, I do not think it will go under that number.

MISSED THE STREET'S ESTIMATES....WHO CARES???

UCTT missed the street's estimates even though it doubled its profits and broke records. The stock fell over 18% today. I believe this is a great value play and picked up some shares for myself. A growth of 100% is outstanding, even if it does not meet the expectations of the street. Furthermore, the company is solid, and can prove to be a great trade and a long-term investment.

AFTERHOURS WATCH

FTEK is up 7% afterhours because of Cramer's recommendation as the ultimate speculative "green" play. I feel that it has more room to run. For those who want to jump on board, you should wait a few days since Cramer's recommendation of the stock has caused a high run up in the price. This run up will probably correct throughout the week, giving investors a chance to buy in on any pullbacks.

THE NEW MAGIC NUMBER - 13,000!!!

The Dow Jones held above 12,000 this year just as was predicted on this blog. In fact, I believe it is safe to say the Dow Jones will not go under 12,000 for a very long time unless something very dramatic happens (war, terrorist attack, etc.). The Dow closed today at 12961.98 and I believe we will see 13,000 early next week. I am so confident because since the markets are driven by emotions such as fear and greed, numbers that are psychologically easy on the eyes (such as those that end in 0's, and the reason why we round our numbers to 0's) actually become psychological and literal support levels.

TECHNICAL BREAKOUT ALERT

INVESTORS SHOULD WATCH STOCK SYMBOL Q AS IT IS SHOWING SIGNS OF A BREAKOUT.














This stock has always had trouble at $9.00 and today it broke through it on great volume. Although the company's fundamentals are not the greatest (Q has more current debt than current assets and weak free cash flow per share), I think it serves as a great technical play at this point.

GET READY FOR THE RIDE OF YOUR LIFE!!!

After a huge tumble in February, the markets have recovered all their losses. In fact, the Dow Jones set a record high today. I believe there is probably a short term rally ahead of us (in the next few weeks) and investors should put their cash to work on any pullbacks. The next stop for the Dow Jones is probably going to be 13,000 which will then be the new psychological support level.

If any investors are too busy to invest themselves and would like a stockbroker to help manage their investments, please feel free to contact me at artman3211@gmail.com.

Big Wig at Pimco is Still Renting!

Here is an interesting article by Mark Kiesel who is a top dog at the bond giant Pimco. The article has great charts and is easy to read.

Click below for link to article:
Pimco Still Renting

WHAT ARE YOU BUYING AND SELLING?

Just in case the readers were wondering, this is what I am watching lately:

BULLISH: MICC, POT, FTEK, CPRX

CAUTION: AXR, BTJ

AXR - Although this is my 2nd highest ranked stock, it has been finding no support and I will not argue with the market because even though the company is great, the market determines winners and losers.

BTJ - This stock has moved up 50% in a little over a month and may be encountering resistance. However, this is good for the long term as any such run needs to see a correction first before it can move on in a healthy fashion.

THE FEARSOME FIVE

Here is a list of the top 5 rated stocks on the MGR Coefficient as of 04/08/07:


1. GRMN - 1.35

2. AXR - 1.68

3. GIGM - 1.92

4. VDSI - 2.07

5. AOB - 2.18

NO NEED TO CHANGE THAT CHANNEL

One type of stock that seems to be predictable are stocks that move in a certain "channel". These are stocks that always find support and resistance at a small deviation creating a visible and predictable channel. Some examples of such are:

SUNH - support at $10 and $12, resistance at $13
LCRD - support at $10 and $11, resistance at $13
EZPW - support at $14.50, resistance at $15.50

As for the MGR Coefficient scores (in which a score of 1.00 is the perfect score and 5.00 is the worst score) of these stocks:

SUNH - 3.20
LCRD - 3.24
EZPW - 2.28

As for these three stocks, EZPW is the only one which is in a good buying range right now.