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Dec 15, 2008 - Issue #141



Risk Averse



Risk averse as in don't even try to make money during the last two weeks of the year. Many professional traders take off this time of the year till after New Year's. They've made their profits and are looking forward to enjoying the holidays.

CNBC, however, will still have plenty of analysts to interview but I expect the markets to be thin and volatile.

Will Detroit still have an auto industry by the time President-elect Obama takes office?

CBS's '60 Minutes' last night warned of yet another real estate mortgage default crisis due to hit immediately. The list goes on and on.

If, as, and when the markets indicate that the next major move will be 'up', it will be obvious to the well trained eye. At any rate, that time is not now.

While the government decides who's 'too big to fail or too small to bail', the markets are bound to be chaotic. Cash is still King.

Heads Up

During the next two weeks, the following Dow components report earnings. Keep a sharp eye out for possible price swings leading up to 'earnings day' (Subject to revision):

12/18 FDX (Transportations).

Dow score card for the week ending 12/12/08.

DJ-30: 8629.68 -5.74 -0.07%. The Real World (arithmetical) DJ-30: 36.12 -0.02 -0.07%.

UP: 11, Down: 19.

Trends (weekly charts): This is the subjective part.

Rising (Generally Higher Highs/Higher Lows) 6 (+2) 20%:

+*CAT, +*CVX, +*HPQ, +*INTC, +*PFE, +*XOM.

Consolidating (Generally Lower Highs/Higher Lows) 22 (-4) 73%:

AA, AXP, BA, BAC, C, DD, DIS, GE, GM, -*HD, IBM, JNJ, JPM, KFT, KO, -*MCD, MRK, MSFT, T, UTX, -*VZ, -*WMT.

Declining (Generally Lower Highs/Lower Lows) 2 (+2) 7%:

-*MMM, -*PG.

+/- denotes change of direction.

* denotes change of category.





Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!

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