Monday, January 09, 2012

The Morning Call-Monday Morning Chartology + Subscriber Alert



The Market
Technical
Monday Morning Chartology


It sure looks like the S&P can go higher.


The good news is that GLD has made a second higher high; the bad news is that it still has broken over its 200 day moving average.


The VIX continues to drop--a plus for stocks.


Fundamental

Foreigners dumping US government paper. This clearly contradicts the current notion that the dollar is the lesser of all evils. It is also very likely a big plus for gold (re: the recently mentioned decoupling of the dollar and gold):
http://www.zerohedge.com/news/record-consecutive-treasury-dump-feds-custody-account

Subscriber Alert

The stock price of Target (TGT-$46) has fallen below the lower boundary of its Buy Value Range. Therefore, it is being Removed from the Dividend Growth Buy List. However, the stock has not traded at its Stop Loss Price; so the Dividend Growth Portfolio will continue to Hold TGT.


Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.