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.

Pasted from <http://finance.yahoo.com/blogs/breakout/away-february-finishes-positive-2013-huge-stovall-121953812.html> 

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

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.

Read More At IBD: http://news.investors.com/investing-stock-market-today/022013-645044-stocks-start-lower-in-weak-trade-wednesday.htm#ixzz2LSX31nOV
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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

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.