The Red Roadmaster’s US Market Monthly Re-cap + Stock Talk ™

11 April 2010 Date Line: Hong Kong (SAR) China

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Red’s Bull Alert: The Dow briefly surpassed the Key 11,000 level late in the session Friday for the first time since September 26, 2008 though it closed a bit below the Mark.

Re-cap of the US Stock Market Action for the Week ending 9 April 2010                                             Wall Street gains with energy sector, Dow touches 11,000 The three major US stock indexes scored a 6th straight week of gains, a positive run not seen since stocks rebounded from more than 12 year lows in March 2009.The S&P energy sector up 1.1%, led the market's advance. Leaders in the sector included ConocoPhillips, up 2.6% at US$55.32, and Exxon Mobil Corp, up 1.3% at us$68.76/shr.                 The S&P 500 has gained 76.5% since it hit a 12 year closing low March 9, 2009                                      The US Dollar index slipped 0.8% on the session

On the Day: The DJIA rose 70.28 pts, or 0.64%, to 10,997.35, the S&P 500 gained 7.93 pts, or 0.67 %, to close at 1,194.37, and the NAS tallied up + 17.24 pts, or 0.71%, to end the session at 2,454.05.

On the Week: the DJIA rose 0.6 percent, the S&P 500 gained 1.4 percent and the NAS advanced 2.1 percent.

 Data showed US wholesale inventories rose more than expected in February and sales at wholesalers reached their highest level in 16 months, brightening prospects for Q-1 economic and earnings growth.

Shares of technology companies, which are often among the first to benefit from economic strength, also outperformed the broader market.

Though stocks finished on the session highs with broad based gains, the move was not as strong as what was booked abroad.

The Dow Jones World Index, excluding the US, finished Friday 1.2% higher. The S&P 500 finished the week with a 1.4% gain, which marked its 6th straight weekly advance. The Dow Jones World Index Ex US finished the week a more modest 0.8% higher, its 2nd straight weekly gain.

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You watching the VIX: The CBOE Volatility Index .VIX, the implied volatility measure of the S&P 500 stock index fell 2.1% to close at its lowest level since early October 2007. When the VIX, known as Wall Street's fear gauge, is at a low level, it suggests investors are complacent about market momentum.

Advancing Sectors: Energy (+1.1%), Telecom (+0.9%), Consumer Discretionary (+0.9%), Tech (+0.8%), Utilities (+0.6%), Consumer Staples (+0.6%), Financials (+0.5%), Industrials (+0.5%), Health Care (+0.4%), Materials (+0.3%)

Declining Sectors: (None)

Volume and Breadth: Advancers outnumbered declining ones on the NYSE by about 7 to 3, and on the NAS, about 7 stocks rose for each 6 that fell.

Red Alert: The DJIA is nearing 11,000 and S&P 500 is approaching 1,200, these are two technically important milestones, and as such it will be interesting to see if stocks can cut through those levels, or if they stall, some analysts think the biggest problem facing the market is that it is not yet clear whether or not average investors are ever going to buy into the Rally. It is my belief that there is plenty of liquidity in the market to fuel it up and through the resistance in here. Further, it is worth noting that the VIX is currently heading South.

Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance

Apr-09-2010 QQQQ 49.03 Bullish (0.48) 48.71 49.06

Apr-09-2010 DIA 110.06 Neutral (0.22) 109.51 111.13

Apr-09-2010 SPY 119.55 Neutral (0.23)103.56

Gold Focus Report (Weekend Up-date) w/Technical Outlook

 The price of Gold rose to its highest level this year Friday rallying above US$1,160 oz.

The precious Yellow metal closed the week about 3% higher marking the biggest weekly gain since the week of January 10.

Rising investment demand underpinned the market, as holdings of the World's largest Gold-backed exchange-traded fund, SPDR Gold Trust, often referred to by its GLD stock symbol, rose to a record of more than 1,100 tonnes.

Spot Gold hit a 4 month high at US$1,164.35 oz, the firmest since December 8, 2010.

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June Gold futures settled up US$9 at US$1,161.90 oz on the COMEX division of the New York Merc.

Potential currency volatility increases bullion's appeal, and in addition to a choppy EUR, the New York Times  reported this week that China was close to announcing a shift in currency policy, a sign that Beijing could let the value of the Yuan rise.

Gold has benefited from a flight to hard assets on concerns over the fiscal health of debt-laden Greece and other smaller EuroZone economies such as Portugal, Italy and Ireland, helping it shrug off strength in the Greenback this week.

Other precious metals climbed with Gold, Silver rose to US$18.41 oz, the highest price since January 20, 2010.

Platinum traded near its highest level since August 2008, it was last at US$1,722 oz, vs US$1,711.50 on Thursday, while palladium also neared a two-year high, and was last at US$510.50, vs US $501.50 Thursday.

                                                       The Overall Technicals

Gold's rally is still in progress and reaches as high as 1160+ Friday and the Intra-day bias remains on the Northside, and Gold is now targeting the 1163 resistance level next. A break above that level will augur a retest of 1227.5 high.

On the Downside: a break below 1144.0, the minor support, will augur that a temporary top has formed, and bring a decline that will set up another rally.

The Big Bicture: price actions from 1227.5 are treated as correction to rise from 931.3 only. The lack of impulsive structure on the rise from 1044.5 suggests that it is possibly part of consolidation from 1227.5, rather than resumption of the long term up-trend. The move above 1145.8 will bring retest of 1227.5 high, but the upside will likely be limited in that area, and bring at least one more decline before the consolidation concludes.

On the Downside: A move below the 1084.8 support will shift the POV to the case that the correction from 1227.5 is developing into a 3 wave move that will target another low below 1044.5. Stay tuned...Paul A. Ebeling, Jnr. www.livetradingnews.com

Crude Oil Focus Report

Crude Oil fell for a 2nd day on disappointing inventory report and weak economic data. Success in Treasury auction dragged equities down, which pressured energy prices. Currently trading at US$85.2, the front-month contract slipped to as low as US$84.88 earlier, representing a minus 2.53% decline from the 18 month high made 2 days ago.

The Overall Technicals

Crude Oil made a temporary top at 87.09 after hitting 86.92 my projected target, and then pull back from there, said pullback is still in progress.

More decline could be seen towards 4 hours 55 EMA (now at 84.40) and below. But, a break of the 78.56 support is needed to indicate that Crude Oil has topped in here.

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So, for now my outlook will remain Bullish, and sustained trading above 86.92 will target 90 the next Key level.

The Big Picture: the strong break thru the 83.95 high confirmed that medium term rally from 33.2 has resumed.

But, there is no change in POV that it is the 2nd wave of the correction that started in 2008 at 147.27. So , I do continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring reversal.

On the Downside: a break below the 78.56 support will be the 1st signal of topping, and will turn focus back to 69.50 support for confirmation. Stay tuned….Paul A. Ebeling, Jnr. www.livetradingnews.com

Stocks to Watch Monday

ConocoPhillips (COP), California Pizza Kitchen (CPKI), International Business Machines Corporation (IBM), and Yahoo (YHOO).

ConocoPhillips (COP) Up-date 13 Last Look: November 4, 2009

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April 11, 2010

Paul A. Ebeling, Jnr. Analyst

Today, let’s look at ConocoPhillips (COP), the # 3 integrated oil and gas company in the USA, from a Technical POV. The overall analysis after Friday’s (April 9) market action is Bullish: in the near term Very Bullish, mid-term Bullish, and long term Bullish. The recent Candle Stick analysis is: Bullish

**Chart by: http://www.stockta.com

Latest News and Opinion: Wall Street gains with energy sector, Dow touches 11,000

http://finance.yahoo.com/news/Wall-Street-gains-with-energy-rb-3573753647.html?x=0&.v=11

Friday’s Market Action Close 55.32 + 1.38 Volume 14,922,100/shrs

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There is a Bullish Engulfing Candle on April 8 and four Gaps open up between March 2 and April 9 at 48.99/54.21, the near term resistance is NIL, support at 54.19, and the 50 day (EMA) exponential moving average is 51.27.

This is ConocoPhillips: This integrated oil industry giant was formed by the merger of Conoco and Phillips Petroleum, ConocoPhillips is the #3 integrated oil and gas company in the US, behind Exxon and Chevron, and consolidated that position by buying Burlington Resources for a reported US$35B. The company explores for crude oil and gas in more than 30 countries and has estimated proved reserves of 11.2 billion bbls of crude oil and equivalent, excluding its Syncrude, Canadian oil sands assets. COP has a refining capacity of more than 2.7MM bbls per day and sells gasoline and petroleum products at 8,750 retail outlets in the USA under the 76, Conoco, and Phillips 66 brands. Other operations include chemicals, gas gathering, fuels technology, and power generation.

The Competitive Landscape

Consumer and commercial driving trends drive demand. The profitability of individual stores depends on competitive pricing, effective merchandising, and the ability to secure high-traffic locations. Large companies have advantages in purchasing and finance. Small companies can compete effectively by acquiring superior locations or offering specialized merchandise or services. Average annual revenue per worker is about US$500,000 for gas station/c-store combinations and US$150,000 for c-stores without gas.

ConocoPhillips (HQ)

Chairman and CEO James J. (Jim) Mulva

600 N. Dairy Ashford Rd. Houston, TX 77079United States 

Phone: 281-293-1000

http://www.conocophillips.com

ConocoPhillips Subsidiaries CFJ PropertiesChevron Phillips Chemical Company LLCConocoPhillips Alaska, Inc.

California Pizza Kitchen Inc. (CPKI) Up-date 2 Last Look: July 9, 2009

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April 11, 2010

Paul A. Ebeling, Jnr. Analyst

Today let’s look at California Pizza Kitchen (CPKI), the Company that put a West Coast twist on the old favorite, Pizza, from a Technical POV. The overall indications, after Friday’s (April 9) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Bullish. Recent Candle Stick analysis is: Neutral

**Chart by: http://www.stockta.com

Latest News and Opinion: California Pizza Kitchen Is Said to Seek Buyer

http://online.wsj.com/article/SB10001424052702304222504575174262042721410.html?ru=yahoo&mod=yahoo_hs

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Friday’s Market Action Close 20.74 + 2.56 Volume 1,500,600/shrs

There is a Bearish Harami on April 6 and one Gaps open up on April 7 at 17.22/17.43, the near term resistance is NIL, support at 18.66, and the 50 day (EMA) exponential moving average is 16.26.

This is California Pizza Kitchen (CPKI): CPK puts a West Coast twist on an old favorite, Pizza. The company operates a chain of more than 250 casual-dining restaurants in more than 30 states and 10 other countries offering pizzas with a variety of unique topping combinations, including duck, barbecued chicken, and grilled shrimp. It also serves Neapolitan pizzas from Italy, as well as American-style pies. CPK rounds out its menu with pastas, soups, salads, and desserts. The company owns more than 200 of its locations, while the rest are franchised. In addition to its full-service establishments, CPK has about 20 quick-service kiosk locations. The company also markets a line of frozen pizzas with through Kraft Foods.

Competitive Landscape

Demographics, consumer tastes, and personal income drive demand. The profitability of individual companies can vary: while QSRs rely on efficient operations and high volume sales, FSRs rely on high-margin items and effective marketing. Large companies have advantages in purchasing, finance, and marketing. Small companies can offer superior food or service. The industry is highly labor-intensive: annual revenue per worker is between US$40,000 and US$45,000.Restaurants Industry Forecast

The output of US eating and drinking places is forecast to grow at an annual compounded rate of 2% between 2008 and 2013. Data Sourced: December 2009

California Pizza Kitchen Inc. (HQ)

Co-Chairman, Co-Chief Exec. Officer and Co-President: Larry S. Flax Co-Chairman, Co-Chief Exec. Officer and Co-President: Richard L. Rosenfield

6053 West Century Boulevard11th FloorLos Angeles, CA 90045-6438United States Phone: 310-342-5000Fax: 310-342-4743

http://www.cpk.com

International Business Machines Corp. (IBM) Up-date 13 Last Look: March 7, 2010

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April 11, 2010

Paul A. Ebeling, Jnr. Analyst

Today let’s look at “Big Blue”, International Business Machines Corporation (IBM), the World’s #1 provider of computer products and computer services, from a Technical POV. The overall indications, after Friday’s (April 9) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Bullish. The recent Candle Stick analysis is: Bullish.

**Chart by: http://www.stockta.com

Latest News and Opinion: IBM Wins on New Initiative

http://finance.yahoo.com/news/IBM-Wins-on-New-zacks-3056784286.html?x=0&.v=1

Friday’s Market Action Close 128.76 + 1.15 Volume 5,186,500/shrs

There a DOJI on April 6, and one Gap open up on February 16 at 124.05/124.11, the near term resistance is 129.93, support at 128.04, and the 50 day (EMA) exponential moving average is 127.70.

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This is IBM (IBM): “Big Blue” is the world's top provider of computer products and services. IBM is a leader in every market in which it competes, the company makes mainframes and servers, storage systems, and peripherals. Though perhaps still best known for its hardware, IBM's growing services business now accounts for more than half of its sales. Its IT services arm is the largest in the world and the company is also one of the largest providers of software, ranking #2, behind Microsoft, and semiconductors.

The Competitive Landscape

Demand for IT services is driven by rapid technological advances, but spending for these expensive products depends on the health of the US economy. The profitability of companies in the industry depends on maintaining technical expertise and on good marketing. Small companies can compete effectively by specializing in market niches or by partnering with larger companies that want to offer a broad array of services. Only the large companies can provide outsourcing services to big corporate customers. Average annual revenue per employee is close to US$200,000.

Information Technology Industry Forecast

The output of US computer and data processing is forecast to grow at an annual compounded rate of 6.1% between 2008 and 2013.

IBM (HQ)Chairman, President, and CEO Samuel J. PalmisanoNew Orchard Rd. Armonk, NY 10504United States  Phone: 914-499-1900Toll Free: 800-426-4968

http://www.ibm.com

IBM Subsidiaries

Cognos ULCIBM Australia LimitedIBM Canada Ltd.

Yahoo! Inc. (YHOO) Up-date 11 Last Look: February 11, 2010

April 11, 2010

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Paul A. Ebeling, Jnr. Analyst

Today let’s look at Yahoo! Inc. (YHOO), a leading global Internet brand, from a Technical POV. The overall indications, after Friday’s (April 9) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Neutral. The Recent Candle Stick analysis is: Neutral.

**Chart by: http://www.stockta.com

Latest News and Opinion: Yahoo sale of HotJobs gets closer scrutinyhttp://www.marketwatch.com/story/yahoo-sale-of-hotjobs-gets-closer-scrutiny-2010-04-09?siteid=yhoof

Friday’s Market Action Close 17.52 + .17 Volume 47,723,700/shrs

There is one Gap open up on March 5 at 15.85/15.89, the near term resistance is 17.98, support at 17.24, and the 50 day (EMA) exponential moving average is 16.27.

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This is Yahoo! Inc. (YHOO): Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California.

The Competitive LandscapeDemand comes largely from corporations that sell consumer products, and telecommunications, entertainment, and financial services. The profitability of individual companies depends on creative skills and good marketing. Large companies are advantaged in being able to serve the varied needs of large customers, but small companies can be competitive through special talent or lower pricing or through special services. The industry is labor-intensive, but the high value of the product produces annual revenue per employee of about US$150,000.

Advertising and Marketing Industry Forecast

The output of US advertising services is forecast to grow at an annual compounded rate of 5.5 % between 2008 and 2013.

Where Yahoo! Competes

Media

Internet Search & Navigation Services (primary)

Business ServicesAdvertising & MarketingTelecommunications ServicesData Services

Yahoo! Inc. (HQ)

Jerry Yang  Co-Founder, Chief Yahoo and Exec. Director701 1st Ave.Sunnyvale, CA 94089 United States

www.yahoo.com

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