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Oct 30, 2006 - Issue #030
Dow score card for the week ending 10/27/06.
DJ-30: 12090.26 +87.89 +0.73%. In the Real World: 50.35 +0.37 +0.74%.
UP: 19 (+1), Down: 10 (-2), 1 n/c (+1).
Trends (weekly): This is the subjective part.
Rising 19 (+4):
+*AIG, +*DD, DIS, +*GM, HON, HPQ, INTC, JNJ, JPM, KO, MCD, +*MMM, MO, MRK, +*PG, T, VZ,
Consolidating 7 (-4):
-*AXP, C, GE, -*IBM, -*MSFT, PFE, UTX.
Declining 4 (n/c):
AA, BA, CAT, HD.
* denotes change of category.
+/- denotes change of direction.
The Dow seems to be acting as though it already knows the outcome of the election or it
doesn't care. I can't believe it doesn't care.
When it comes to politics and business, even though they undoubtedly have their
preferences, most major companies are careful to contribute enough money to both sides so
that no matter who wins they have a friend on either side of the isle. It's simply good
business to hedge their bets. There's too much at stake financially.
AA: Although it doesn't show on the weekly chart yet, in my opinion, the daily chart looks
like it may have turned the corner.
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!