Us 30 for the week feb 11
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Transcript of Us 30 for the week feb 11
The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancial Brokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Current Level 13981.2
Target 13725
Stop Loss 14235
Recommendation Sell for the week
US 30 Weekly Outlook.
10th February, 2013
(For the Week Feb 11– Feb 15)
US 30Weekly Outlook.
The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancial Brokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
US 30 has been trading in a narrow band during the past week. It is trading near all time highs and there is
a very high possibility of break out towards the downside.
Insider selling has been rising at a record pace and the ratio of selling to buying is almost 9 which is a very
high level. Last week Factory orders were a little light, Productivity was lower, implying slower growth
and Initial jobless claims moved higher.
Moreover there is a general apprehension that the tax rises that will be there as a part of the debt ceiling
negotiations will be affecting the economic growth and thus affecting corporate earnings in the coming
quarters.
With these factors in mind we recommend a sell on US 30.