Thursday, February 28, 2013

Up, Up & Away in 2013

Up, Up & Away! If February Finishes Positive, 2013 Will Be a Huge Year: Stovall

Click the link below to view this brief video on Sam Stovall' s outllook for the market this year.

Thursday, February 21, 2013

I have moved to all cash in all GWM accounts

The market is following through to the downside today. In order to preserve capital I have moved to all cash in all portfolios.  I can always get reinvested if things change. For now I prefer to remain safely on sidelines.

Nasdaq Composite Index Chart
Major Sell Signal

Sell signal generated yesterday.
(Red line = 5 bucket skip down)
Expect market turmoil

Wednesday, February 20, 2013

Market Gets a Major Shot Across the Bow

The minutes from the Fed's January meeting showed many officials voiced concern last month over potential costs of more asset purchases, suggesting that the program, known as QE, may slow before the pickup in hiring it was intended to deliver. This news was the primary catalyst for today's sell off. The market still seems dependent on a steady flow of money from the Federal Reserve.

Big volume selling was extremely strong across most markets. This generated a sell signal in our market direction model. It's been a great run, but it was getting a little long in the tooth.

Market Snapshot

Market Gave Up Ground Today

Market Direction Model

Market Under Pressure

Chart View
Nasdaq Composite Index

Bearish Move

The late day sell-off was rather unexpected today. But it is what it is. The depth and breadth of the move is a real reason for concern. We had multiple blips of bad news as the day wore on. Furthermore, sequestration is now going to begin dominating the news. I will move to cash in a big way tomorrow. 

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Celgene (CELG) jumped 3% in firm trade GWM Core Equity folio Holding

Celgene (CELG) jumped 3% in firm trade after announcing an accelerated share repurchase agreement with an investment bank to buy $600 million of the company's common shares.

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Lumber Liquidators (LL) Beats Earnings Estimates GWM New America/New Economy Holding

Lumber Liquidators Holdings, Inc. (NYSE:LL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.64%.

Market in Confirmed Uptrend

Thursday, February 14, 2013

Google (GOOG) A GWM Core Equity Holding

By Andy Batts
Google (GOOG) is developing Google Glass, a wearable computing device. Google Glass will have a display and a camera, situated over the right eye, as well as audio input and output. It will feature a touch pad on the side and multiple sensors. The product can connect to the Internet via Wi-Fi radio and Bluetooth. Google Glass is rumored to be released publicly in 2014.
It's been three weeks since the company reported its fourth-quarter earnings. Since then the shares have soared almost 15% to reach an all-time high of $786. Google clearly has very high ambitions. The company has pushed itself into operating systems, smartphones, tablets, and most recently hardware.

Google Inc. is a technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. It serves corporate clients, including advertisers, content publishers and site managers with cost-effective advertising and a wide range of revenue generating search services. Google Inc. is headquartered in Mountain View, California.

Japan Hedged ETF (DXJ) A GWM Global folio holding

Japan Hedged ETF Gets Another Supporter

By Benzinga News

The WisdomTree Japan Hedged Equity Fund (NYSE: DXJ), already one of 2013's best ETFs both in terms of performance and asset-gathering, can add another superlative to its list as S&P Capital IQ rated the fund Overweight in a new research note.

A large part of DXJ's allure has been its ability to hedge exposure to fluctuations between the value of the U.S. dollar and the Japanese yen. While DXJ has gained 30 percent over the past 90 days, the rival iShares MSCI Japan Index Fund (NYSE: EWJ), which does not hedge USD/JPY fluctuations, is up just 11.8 percent.

The correlation between Japanese stocks and price action in USD/JPY speaks to another unique attribute possessed by DXJ. That being the ETF's constituents are Japanese stocks that derive the bulk of their revenue outside of Japan, an added bonus when considering Japan's domestic economy is still struggling and that the weaker yen can provide immediate benefits to the country's exporters.

"We expect Japan's equity markets to underperform in 2013 as increasing government fiscal stimulus, BoJ quantitative easing, and increased investor risk appetite stemming from improving global growth serve to weaken the yen's safe-haven appeal, diluting U.S. dollar-denominated Japanese performance," S&P said in the note.

Tuesday, February 12, 2013

DR Horton (DHI) Upgraded - A New America folio holding

Barclays Upgraded D.R. Horton, Inc. (DHI) to Overweight, Maintains $27.00 Price Target.

DR Horton is up 4.7% today (as I write) on the Barclays Upgrade

Fundamental Analysis
DR Horton (DHI)

(click on chart for easier viewing)

D.R. Horton, Inc. is an American publicly held home building company. ... D.R. Horton Home Builders is considered to be one of the largest home builders in the United States.

Lionsgate Tops Street Estimates GWM New America holding

Lionsgate Tops Street Estimates

Click Video link below (30 second Fox video)

Update 7:57 am Tuesday morning

Lionsgate (LGF) is selling-off about 2% on very high projected volume. Maybe this is a shakeout after delivering better than expected earnings. I don't know, but I am out of here. I sold our position. In a case like this I shoot first and ask questions later.


LGF being sold off on very high volume

Micheal Kors (KORS) A GWM Core Equity folio holding

After the market's close on 02/11/2013 Micheal Kors reported Fiscal 3rd Quarter earnings.

Michael Kors Holdings Ltd.'s KORS +10.33% fiscal third-quarter earnings surged as the high-end specialty retailer posted sharply higher same-store sales and added new stores.
Shares were up 11% at $63.45 in premarket trading as earnings and revenue beat expectations and Michael Kors raised its fiscal year guidance. 

Fundamental Analysis
Micheal Kors (KORS)

(click on chart for easier viewing)

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos. The Company operates its business in three segments: retail, wholesale and licensing. Retail operations consist of collection stores, lifestyle stores, including concessions and outlet stores located primarily in the United States, Canada, Europe and Japan. Wholesale revenues are principally derived from department and specialty stores located throughout the United States, Canada and Europe. The Company licenses its trademarks on products, such as fragrances, cosmetics, eyewear, leather goods, jewelry, watches, coats, footwear, men’s suits, swimwear, furs and ties.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Monday, February 11, 2013

GWM Return by Folio Year to Date

GWM Return by Folio Year to Date

Core Equities = Mostly U.S. Large Cap individual leading stocks  

Equity Sector Rotation = ETFs that represent U.S. sectors and industry groups showing the best relative strength

Flexible Income = a combination of income producing assets, including high dividend equity ETFs (lower risk in nature)

Global Markets =  Equity ETF(s) that represents the best one or two performing international / global market(s)

Major Markets = Equity ETFs that may include international, as well as domestic markets segments, I.E., small caps or midcaps

New Economy / New America = Mostly U.S. Small and Mid-Cap individual leading stocks (higher risk in nature)

GWM Model Portfolios are diversified by security selection and strategy. All portfolios include both higher risk and lower risk positions. Overall risk is determined by the model portfolio you have chosen.

GWM Model Portfolios  (Asset Allocation)

Golden Year     30% Equities / 70% Flex Income

In Betweener    50% Equities / 50% Flex Income

Go Getter        70% Equities / 30% Flex Income

A simple way to choose a suitable model is to subtract your age from 100, i.e., if you are around 70, you would choose Golden Years, a 70/30 Flex Income - Equities mix. These are very general guide lines. Only you can know what is best for you.

You can change your chosen GWM model at any time by completing a new "Risk Tolerance Questionnaire". The RTQ can be found under the [Clients] tab on the GWM web-site.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Saturday, February 9, 2013

Friday, February 8, 2013

Linkedin (LNKD) Pops UP over 18% on Earnings Report

The market is giving it's approval to Linkedin.  The stock is up over 18% as I write after delivering stellar performance as evidenced by their 2012 4th quarter earnings report. The fundamentals are very strong.

(click on chart for easier viewing)

Chart by Market Smith

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Thursday, February 7, 2013

Linkedin (LNKD) GWM Core Equity Folio

Linkedin's earnings report blew away estimates this evening. It is now up about 10% in after hours trading. I have to acknowledge HGSI forum member Gil Morales for suggesting that the stock be held going into today's earnings report.

LinkedIn Corporation operates an online professional network. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. Its platform also offers members with solutions, including applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information.

Wednesday, February 6, 2013

WisdomTree Japan Hedged Equity Fund (DXJ) GWM Global Markets folio position

WisdomTree Japan Hedged Equity Fund

Investors are snapping up shares in a big way. I am expecting very nice returns this year from DXJ., Contributor
We have detected an approximate $335.6 million dollar inflow — that’s a 14.2% increase week over week in outstanding units (from 59,600,000 to 68,050,000).

WisdomTree Japan Hedged Equity Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index.
The Fund employs an investment approach designed to track the performance of the WisdomTree Japan Hedged Equity Index. The Index and the Fund are designed to provide exposure to equity securities in Japan, while at the same time hedging exposure to fluctuations between the value of the U.S. dollar and the Japanese yen. The Index and the Fund seek to track the performance of equity securities in Japan that is attributable solely to stock prices without the effect of currency fluctuations.

LIONSGATE Entertainment Corp (LGF) GWM New America folio position

LIONSGATE is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.

Tuesday, February 5, 2013

Lumber Liquidators (LL) GWM New America Folio Position

2/5/2013 by

Lumber Liquidators Holdings, Inc. operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories in the United States.

Monday, February 4, 2013

Markets do not go straight up

The markets declined today, but volume was lighter on all exchanges, except the Nasdaq. This is the first large decline since the recent rally began. A pull back was expected as markets do not go straight up. At this point we are still in an intermediate term uptrend.

Market in Uptrend

Nasdaq suffered the most damage