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Hey: I'm looking to hook up with a Hedge Fund(s) as a consultant. If you're a Hedge Fund who could use my talents as a stock analyst or would like some research done on various stocks, then I may just be exactly the person you need. Please contact me at: Robert Christopher rchristo@vt.edu... More
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Ricks Cabaret International - Time to take it all off!
  • ETF's, Major Indices, QQQ, Market Outlook 1 comment
    May 24, 2012 2:18 PM

     

     

         

    EQUITY MARKET OUTLOOK

       
         

    MAJOR INDICES

        
         

    MAY 24 2012

        
     

    ETF

    PRICE

    52WKLO

    52WKHI

    %CHGFLO

    %CHG01

    200-DMA

    TREND

    OPINION

     
     

    QQQ

    $62.47

    $49.93

    $68.55

    25.12%

    10.00%

    $58.75

    6.33%

    UP

     
     

    DIA

    $124.91

    $103.84

    $133.14

    20.29%

    0.00%

    $122.00

    2.39%

    FLAT

     
     

    SPY

    $132.61

    $107.43

    $142.21

    23.44%

    0.00%

    $127.00

    4.42%

    FLAT

     
     

    IWM

    $76.41

    $60.09

    $85.97

    27.16%

    -6.00%

    $75.00

    1.88%

    FLAT

     
               
               

    Major indices could be attempting to edge up, as the above referenced ETF's are all significantly up from their 52-week lows; however, these indices are relatively flat thus far in 2012, with the exception of QQQ. Generally, QQQ would tend to move substantially in either direction in response to comparatively modest moves in the overall market, as represented by the S&P 500 Index (ETF symbol SPY). In addition, QQQ is up significantly from its 200-day moving average. In my opinion, QQQ should continue to perform well for the remainder of the year, provided that the general trend in the overall market remains flat to up. I'm guessing that with the US Presidential Election approaching in November as well as the Greek debt situation, US Federal Reserve Monetary Policy would likely remain fairly expansive.

    D I S C L A I M E R

    Neither the author of this report (the analyst) nor his family own or beneficially own any shares of common stock, investment securities or have any other financial interest in the above referenced securities. The analyst was not compensated by any interested parties thereto for writing this report.

    Although some information contained in this report is derived from sources believed to be true, I make no representation as to the truthfulness, correctness or accuracy of anything written in this report, and this report contains opinion and even speculation, as to the report as a whole, as well as in various statements and implications made herein. Furthermore, all information and representations made in this report are subject to change without notice. Neither this report nor anything written in it are to be construed as investment advice, and nothing written in this report is to be considered a recommendation or solicitation to purchase, hold or sell securities. Finally, I make no representation as to the suitability or appropriateness of the company described herein to any particular financial purpose. Any prospective investor must do all of his own due diligence and consult with his own financial services professional, as to the nature, suitability and appropriateness of these shares to possibly fit any suggested purpose.

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  • Author’s reply » It's Monday, November 12, 2012, and the Dow Jones Industrial Average is down roughly 1000 points from its 52-week high, or a market correction of less than ten percent. This would not be an alarm bell, but could signal the end of this Bull Market cycle to a flat market.
    The Fiscal Cliff has already been priced into the Market to a large extent, and major budget cuts and significant tax increases are to be expected. The two wars plus the previous financial crisis are primarily responsible for the recent escalation in the National Debt, but measures must be taken to control the Debt. Looking at Greece, this should cease to be a major factor that otherwise would likely continue to increase the cost of capital and thereby diminish real growth in Europe.
    Some real growth, if only modest, would be anticipated for the US in 2013, based on an outlook for a stimulative monetary policy as well as improving consumer sentiment. In view of upward sloping to flat trends in the Dow Jones Industrial Average over the last 12 and six months, respectively, the Market should trend relatively flat over the next six months.
    12 Nov 2012, 12:20 PM Reply Like
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