Market Update for Week Ending
March 5, 2010



Our members who followed the recommendations from SOME this past week would have enjoyed a 275% gain.

Here are the gains on some of the stock options recommended by SOME during the last week:-

Sprint Nextel Corp. (S) ……..40%

Suntech Power Holdings Co.Ltd. (STP) ……..55%

Fuel Systems Solutions Inc. (FSYS)…….28%

Auto Zone (AZO) ……..48%

Apple (APPL)………36%




Overview of the Past Week



Monday saw gains in the markets as the bulls were determined to continue their February march, with good economic news from the Commerce Department in regard to personal spending in January, and improvement in the manufacturing related employment as revealed by the Institute for Supply Management(ISM).

Tuesday and Wednesday saw a slump in the bull run with the Dow Jones Industrial Average (DJIA) closing flat on Tuesday and Wednesday fractionally lower.

The Friday employment data report seemed to be the cause of hesitation for the three days prior to Friday, even though the ADP reported better-than-expected data on job losses in the private sector on Wednesday. President Obama didn’t help market confidence with his statement that he wanted to wrap up health care reform legislation within "the next few weeks."

Thursday ended the day in the black, with a small gain of 0.46% due to a steeper-than-forecast decline in weekly initial jobless claims which built up hopes for a better jobs report on Friday.

Friday saw better-than-expected jobless numbers, and along with a report that consumer borrowing unexpectedly climbed in January, sent the market upwards to finish the week with good gains.

By the close of the week, the Dow Jones Industrial Average (DJIA) was up 2.3%, the S&P 500 Index (SPX) was also up for the week, with a bigger gain of 3.1%, whilst the Nasdaq Composite (COMP) soared to a gain of 3.9%.

The end result, for the week, is as follows:-

• The Dow Jones Industrial Average (DJIA – 10,566.20).

• The S&P 500 Index (SPX – 1,138.70).

• The Nasdaq Composite (COMP – 2,326.35).

Some notable news for the week was that Ford Motor (F) outsold General Motors (GM) in February for the first time since February 1998.


Next Week’s Reports



Monday – There are no economic reports today.

Tuesday – Again, there are no economic reports today.

Wednesday - January's wholesale inventories and the February Treasury budget as well as the weekly report on U.S. petroleum supplies.

Thursday – Weekly initial jobless claims and the January trade balance.

Friday - February's retail sales, the March University of Michigan consumer sentiment index, and the January business inventories report.


Outlook



In the short-term it seems that the market will continue to favor the bulls as it has done in the last few weeks. However, it is interesting to note that in the equity option buyer’s arena there is still a display of caution which is similar to July, 2009, with the percentage of bulls continually remaining at about 36%. Even with the SPX rallying 5.5% and the Russell 2000 Index (RUT) rallying 10% during the past four weeks, there has been no increase in the bulls, which represents a potential opportunity for future buying which is essential to push the market above the chart resistance levels.


Companies to Keep an Eye On



Companies that are looking promising for the short-to-mid-term future. Consider buying shares in these companies after checking them out thoroughly.

BLOGGERWAVE (BLGW)

Li3 Energy(LIEG)

Amarok Resources (AMOK)

WikiLoan (WKLI)

Crowdgather (CRWG)

iShares Silver Trust ETF (SLV)




Take control of your future prosperity the Easy way. Become a member of Stock Options Made Easy today!



Back to Stock Options Made Easy from Market Update March 5, 2010



Search Stock Options
Made Easy



Enjoy Relaxed or Fast-Paced Trading? Choose your Membership Style...

Whether you prefer to take a laid-back approach to your trading,

or to charge ahead in your options trading,

 Stock Options Made Easy Armchair Trader and Cut-to-the-Chase Trader Memberships put everything you need to succeed at your fingertips for just  $39 or $79 per month.





Search Stock Options
Made Easy




newsletter-free


Subscribe to our FREE
newsletter for all the latest options news!


Enter Your Email Address

Enter Your First Name











Follow S_O_M_E on Twitter











Subscribe to our FREE
newsletter for all the latest options news!


Enter Your Email Address

Enter Your First Name











Follow S_O_M_E on Twitter