Market Trends 25/04/2011

1. US 10-Yr T-Note yield – Is in an uptrend channel, recommend staying out for the coming week.

2. S&P 500-  Is in an uptrend channel with a target of 1385 for the short term and 1555 for the long term, has a strong resistance around 1340, if it will fail to cross 1340 it will have to correct to 1325, the support level, before rising again.

3. EUR/USD – Reached the target last week (1.455), didn't pass it, difficult to analyze the direction now. It is possible it will stay in those levels this week.

4. GOLD – The target for now is 1540-1560 for short term, it reach 1600 but needs to have a little correction before.

5. Volatility Index – reached a new low since July 2007, looks "too good to be true", this week is a critical test for these levels.

6. Crude oil – Is in an uptrend channel with a target of 122-123, has resistance at 114 before reaching the target.

Stocks to follow 25/04/2011

	Price	Target
AU	50.5	55
EOG	112.25	125
ALXN	102	109
CLH	98	111
CVX	108.5	115
GTLS	50.25	59
MET	44.5	47.5
MUR	75.5	82
SIVB	57.75	63
TWX	36.75	42
WLT	136.5	154
XEC	109.5	119

Recommended stocks 25/04/2011

EOG Resources, Inc. (EOG)

 

·         Above the price  112.5 the new target will be 125

·         Check the resistance around 120

SVB Financial Group (SIVB)

 

·         Above the price 57.75 the new target will be 63

·         Check the resistance around 58.5-59

8 Stocks Guru Paul Tudor Jones Recently Bought

Here is my opinion about the stocks for short term investment: 

1. Apache Corporation (APA) - The stock looks very good for short term investment with a target of 139-140, the trigger buy will be 125, the only problem is that the earnings report will be published this week, and according to one of my roles I do not buy stocks a week before the earnings report.

2. Peabody Energy (BTU) - Looks good with a target of 75-76, but I recommend waiting for the first small correction and then buy.

3. Citi (C) – According to the chart I don't find this stock interesting right now, I think it is better to wait to see how it will react around 4.65, meantime the target is 4.8.

4. Cisco (CSCO) - I don't find this stock interesting at the moment, i need to see a real jump in the stock price before considering buying.

5. Microsoft (MSFT) - The stock continues to stay above a major support line, but it is better to wait and see if it will pass the coming resistance before buying.

6. Noble Energy (NBL) - Looks very good but the problem is the earnings report published this week, the target is 102.

7. Starwood Property Trust (STWD) – this stock doesn't look interesting at the moment for the short term investment; it has a great support line, I will consider the investment after the first correction.

8. AT&T (T) - looks good but according to the chart it is near to its target of 31.5, and the major jump already has been done, I believe it is better to wait.

In U.S., 54% Have Stock Market Investments, Lowest Since 1999

Following the article in the link attached, I believe this is not a good sign for the markets.

In my opinion, the reasons leading to this low rate are:

1. The people that haven't bought stocks until now will not do so now, because of the heights in the markets.

2. Most of the money that lifted the stock market came from the fed's money through the "quantitative easing"

3. Most of The public didn't enjoy the gains in the markets in the last 2 year but they "enjoyed" selling their stock into the crash.

But as always only time will say..

In U.S., 54% Have Stock Market Investments, Lowest Since 1999