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MORNING MARKET COMMENTARY

Wednesday, March 10, 2010

Recovery Continues On 1-Year Anniversary of Bear Market Lows
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Amid speculation the economy will continue to recover from the worst recession since WWII, the major averages ended slightly higher on the session marking the one year anniversary of the 2009 bear-market low close for the benchmark S&P 500 Index.  Volume, a critical gauge of institutional demand, was reported higher than the prior session on the Nasdaq exchange and on the NYSE. Advancers led decliners by about a 5-to-4 margin on the NYSE and on the Nasdaq exchange.

The benchmark S&P 500 is up a very impressive +69% since hitting a 12-year low of 666.79 last March. This has been the largest 12-month rally for the benchmark average since the Great Depression. Despite that impressive feat, the S&P 500 is still down -28% from its October 2007 high of 1,576. It is also important to note that the vast majority of stocks that helped the major averages enjoy strong gains last year were low ranked stocks that bounced from egregiously oversold levels (i.e. Citigroup went from $0.97 to $5.43).

Only recently have we begun to see a large number of high-ranked stocks trigger fresh technical buy signals as they breakout of solid bases which is a very healthy sign. Here is an interesting fact: As of Monday's close, 489 of the 500 stocks in the S&P 500 Index are higher since the March lows. The average gain: +115.6%. In addition, all 30 of the Dow Jones Industrial Average components are up, and a whopping 99 of the 100 stocks in the Nasdaq 100 Index are up.

Since last the March 1, 2010 follow-through-day (FTD) the market averages and a batch of leading stocks have steadily rallied, which is a healthy sign. The fact that we have not seen any serious distribution days since the FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.






Making Headlines

· The Instantaneous Collapse Of Social Network Values
· Office Depot gets a lifeline
· The bloodbath at MySpace continues
· Chart Alert: Wal-Mart (WMT, TGT, COST)
· Saudi Prince & $8 Billion in Losses
· 3M Joins the Renewable Energy Parade (MMM)
· Coal is Hot (ACI, CNX, BTU)
· China: More Indications Of Recession
· Facebook Breaks Into Top Ten Websites
· Pending Home Sales No Cause For Celebration, Not Yet
· Typhoid Mary And Finding The Man Who Started The Global Recession
· Is Obama Harder on Autos Than Banks?
· OPEC Ready To Take Crude Prices To The Mat
· Morgan Stanley, Stating The Obvious, Says Stocks Ran Up Too Fast
· The Car Rental Business Want Money To Buy Cars (CAR)(HTZ)(F)(GM)
· Peanut butter recalls creep: crackers, nutrition bars...now dog biscuits
· Finally, a chance to make money on Ford
· Apple iPhone owners to get Skype
· Saving The Car Industry By Tearing It To Pieces
· Ten banks repay $68 billion in bailout funds to exit TARP
· Portland, Ore. mayor headed for foreclosure?
· Bill Gates Keeps Adding To Republic Services Stake (RSG, WMI)
· Banks get stingy with credit card rewards, but maybe that's good for your wallet
· Club Mediterranee increases profits with its new business model
· Automobile brands set to disappear forever?
· Eddie Bauer makes it official, files for bankruptcy
· Whole Foods playing dirty pool against local competitor
· Senators Accused of Protecting Imports
· More Homeowners Challenge Tax Bills
· Events may conspire to raise oil prices
· Credit card companies about to get burned twice
· Is the U.S. entering a new 'frugal consumer' era?
· Iraqi shoe thrower has a profitable future
· New York City Drivers Become Vicious
· Is That Inflation In Your Pocket, Or Are You Just Happy?
· Don't feel like paying off your credit-card debt? How about half?
· The dark side of Warren Buffett
· Chuck E. Cheese way worse than biker bars: Fist Fights 'R Us?
· Yahoo! (YHOO) Sneaks By The Hangman, A Little Slip In Q2 Could Push Firm To Only Break Even
· A bright side of the recession: Piggy bank sales are rising
· As China Lectures The West, Its Own Economic Statistics Are Almost Certainly Wrong
· Creating 50 Million Jobs
· Starbucks Spills Hot Coffee Over Earnings & Workers (SBUX)
· California Dreaming
· Memo To Congress: "Buy Land, They Ain't Making Any More Of It"
· Economic pain to be ‘worst for 60 years’
· How The Government Missed All Those Wall St. Bonuses
· Restricting GE (GE) Salaries: Regulating Compensation Of Firms That Help Build The Economy
· As Saab Moves To Bankruptcy, Concerns About Detroit Rise
· March Will Be The Tipping Point Of The Recession
· Ten Large American Companies That Won’t Cut Jobs
· Next Blow To Banks: Credit Card Write-Offs (C)(BAC)
· As Feds Even Look at 9% Unemployment, Jobless Claims Keep Mounting
· Cell Phones And Connections Faster Than Lightning
· The European Perspective On The Economy Can’t Look Worse
· Toyota Can Finally Take Over The US Car Market
· The Government Crackdown on Peer-to-Peer Lending
· Facebook Takes A Dive: Social Networks Never Had A Future
· As Google’s (GOOG) Growth Falters, Microsoft (MSFT) Has Chance To Regain Momentum
· Internet Advertising: After First Quarter Disaster, Industry May Throw In The Towel On Q2
· FriendFinder Still Pursuing IPO
· Diamonds May Not Be Forever (RTP, KGC, TIF, BRK-A)
· Ford Learns Lesson From Hyundai (F)
· Solarfun Renegotiates Hoku Payments (SOLF, HOKU)
· The Unemployment Crossroads



Profiles: TechniScan Inc. (TSNI)
Sunday, February 28 @ 13:23:07 MST by admin (144 reads)
Company Profiles


Based in Salt Lake City, TechniScan, Inc. is a medical device company engaged in the development and commercialization of a non-invasive imaging tool designed to provide physicians with automated ultrasound images of the human breast.

The system uses a process called Warm Bath Ultrasound (WBU ™) to provide physicians with automated, 3D, ultrasound images of the physical structures within the breast. TechniScan's WBU™ imaging device is limited by U.S. law to investigational use unless, and until, cleared by the FDA.

For more information, please visit www.techniscanmedical.com

(Read More... | 6701 bytes more | comments? | Profiles | Score: 0)

Evcarco Inc (EVCA)
Friday, February 19 @ 13:25:21 MST by admin (180 reads)
Company ProfilesEVCARCO (OTCBB: EVCA) (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles.

EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, pre-owned hybrids, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO is developing a dealer network allowing growth into most US States by 2012.

(Read More... | 2292 bytes more | comments? | Score: 0)

Profiles: Nexicon Inc New (NXCO)
Wednesday, February 17 @ 09:04:46 MST by admin (144 reads)
Company ProfilesNexicon Inc New (NXCO) 








Headquartered in Los Angeles, CA, Nexicon (PNK: NXCO) delivers next-generation digital media protection and business intelligence solutions to many industries, including the motion picture and music industries, software and games, publishing, ISPs, financial services and government.

(Read More... | 1588 bytes more | comments? | Profiles | Score: 0)

Profiles: Asyst Technologies Inc. (ASYTQ)
Monday, February 08 @ 07:42:34 MST by admin (208 reads)
Company ProfilesAsyst Technologies Inc.  (ASYTQ) 




The Company develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.(Crossing Automation, Inc.)

(Read More... | 4239 bytes more | comments? | Profiles | Score: 0)

Profiles: RMD Entertainment Group (RMDM)
Thursday, February 04 @ 17:51:50 MST by admin (123 reads)
Company ProfilesRMD Entertainment Group (RMDM)

Beijing Innotrek Technology Co., Ltd, located in the high technological industrial park of Beijing, is an advanced technological enterprise recognized by Beijing Municipal Science and Technology Commission. Beijing Innotrek specializes in the research and development of advanced broadband technology, especially in the area which does not require massive wiring construction

(Read More... | 2461 bytes more | comments? | Profiles | Score: 0)

Profiles: Raven Biofuels International Corp. (RVBF)
Thursday, January 28 @ 07:56:53 MST by admin (116 reads)
Company Profiles
Raven Biofuels is a clean energy technology company focused on developing technologies to produce transportation fuels and green chemicals from waste or biomass. Raven plans to build integrated biorefineries using proprietary technology.



(Read More... | 1227 bytes more | comments? | Profiles | Score: 0)

Signature Devices Inc. (SDVI)
Saturday, January 16 @ 15:43:07 MST by admin (1479 reads)
Company Profiles

Based in Redwood City, Calif., Signature Devices, Inc. creates, develops and manufactures advanced information technology, including computer systems, software and electronics products. One of the Company's premier technologies includes a blend of hardware and software for image generation technology used in video games and simulations.


(Read More... | 4930 bytes more | 374 comments | Score: 0)

Profiles: Chromocure Inc. (KKUR)
Wednesday, January 06 @ 10:16:29 MST by admin (216 reads)
Company ProfilesChromocure Inc. 

ChromoCure develops and provides proprietary cancer detection systems. The Company owns its technology and provides its systems on a revenue sharing basis.

(Read More... | 2295 bytes more | Profiles | Score: 0)

  
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