Monday Morning Chartology-11/1/10
Steve Cook on Disciplined Investing


Have You Seen This?


  • Make money by accessing all our Portfolios, the supporting research and Price Disciplines using our paid subscription blog, Strategic Stock Invetments. Our work is focused on making money for our Portfolios not as some academic exercise in Internet investing. Check our performance (audited)--our Dividend Growth Portfolio has beaten the S&P by 500 basis points per year for the last seven years but with a beta of only .62. (Mandatory Disclaimer: past performance is not a guarantee of future results.) We give you everything you need to duplicate our results, in particular, a strict price discipline for both Buying and Selling.

Have You Seen This?

The Market

     Monday Morning Chartology

    Nothing has really changed since last week.  You can see the short term up trend, the intermediate term trading range and the blue line at the top of the chart is the upper boundary of the long term up trend.

    Gold tested the lower boundary of its short term up trend last week and bounced hard.


    The VIX rallied last week and closed right on the upper boundary of its current down trend.


    Update on earnings ‘beat’ rate (chart):

    News on Stocks in Our Portfolios

    More third quarter earnings reports:

                                     Reported         Expected

Quality Systems              $.46            $.49
Federated Investors         .42              .38
Micorsoft                            ,62              .55
CME Group                      3.66            3.66
3M                                     1.53            1.51       
ExxonMobil                       1.44            1.39
Chevron                            1.85            2.15


   This Week’s Data

    September personal income fell 0.1% versus expectations of a 0.2% increase; September personal spending rose 0.2% versus estimates of plus 0.4%.


    M2 velocity and fourth quarter GDP (medium):

Posted 11-01-2010 8:27 AM by Steve Cook