StreetOne Technical Analysis, LLC Market Summary 1/19/2012

Jan. 19, 2012 8:01 AM ET
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Street One Financial LLC (S1F or Street One) is an independent entity affiliated with Precision Securities, LLC., a full service registered broker dealer and a member of FINRA/SIPC. Street One specializes in educating, evaluating and trading ETFs, equities and options. Our firm assists portfolio managers in constructing their portfolios and identifying which ETF products may provide the best desired exposure by specific manager objective, fees and liquidity. The ETF/ETP landscape is evolving rapidly and has diversified quickly beyond passive equity index ETFs. Now actively managed strategies, fundamental and quantitative ETFs, as well as those that offer exposure to fixed income, commodities or even volatility indexes are available to all investors. Street One believes the key to understanding this rapidly changing environment is to learn how specific products work and where they may fit within a manager's portfolio. In addition to ETFs, options, and equities, we also handle closed end funds (CEF) trade execution and access to liquidity. All Street One Financial trades are executed by Precision Securities, LLC.
Market Summary
David Chojnacki S1F Market Technician

This time the Market started out flat, but gradually built upward momentum through-out the session and finishing moderately higher. The DJIA was up .78%, the S&P gaining 1.1%, and the Nasdaq100 with a 1.3% gain. Breadth was positive, 4 to 1, on volume that was average to slightly above. The Market showed some renewed momentum yesterday when the S&P closed above the 1300 level for the first time since July ’11 and the Nasdaq100 moved through and closed above a recent high of 2401. Near and short term technicals remain strong and RSI’s are beginning to move close to oversold territory. Since the end of November, the S&P and Nasdaq100 have gained close to 13%. The strength in the Nasdaq100, which has a bevy
of tech stocks, is exemplified by the recent performance of Intel. Intel had closed yesterday at a level not seen since the end of 2007. The DJIA moved through some key levels and now has support at 12500 and 12400. It now targets its recent July ’11 high of 12724, but we see some resistance near 12674. The S&P is also on target to test its July closing high of 1353. Before that level we have resistance at 1312 and 1325. Support is at 1300 and 1285. The Nasdaq100 as noted, moved through a recent high and closed right at a resistance level of 2425, which will become support along with 2401. Resistance is now set at 2429, which was a July ’11 high and 2009 bull rally high.  The VIX pulled back 5.9% to close at 20.89. Futures are slightly higher early this morning, suggesting some strength to the upside.   

Major Economic Reports Today
Initial/Continuing Claims-8:30am     CPI-8:30am    Housing Starts/ Building Perrmits-8:30am              Phila Fed-10:00am      Crude Inv.-11:00am                                                                           

This publication is neither an offer to sell nor a solicitation to buy any securities mentioned herein. The information contained herein is based on data obtained from recognized sources that are believed to be reliable. Street One Financial LLC (S1F) have not independently verified the facts, assumptions and estimates contained in this publication. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this publication. The information contained in this publication is not and does not purport to be a complete analysis of every material fact respecting any company, industry, ETF or other security. Additional information concerning this publication may be available on request, if available. Many of the securities mentioned in this publication involve a higher degree of risk and more volatility than the securities of more established securities. For these and other reasons, the investments discussed in this publication may be unsuitable for investors depending on their specific investment objectives and financial position. Each investor should complete his or her own additional investigation and assessment prior to making investments in any securities. Transactions in securities mentioned herein may be effected only in those states where such securities are qualified for sale. Street One Technical Analysis LLC is an independently owned Company from Street One Financial LLC (S1F). S1F is an independent Company specializing in ETF’s, equities, and options. S1F specializes in agency ETF/ETP, equities, and options trade execution. On the ETF/ETP end, S1F may work with the ETF issuers to understand their products more thoroughly and how they can complement an investor's portfolio

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