A reversal of sorts today as the Dow fell 99 points on average volume.  The advance/declines were about even.  Headline risk is going to be the norm from now on until Washington sorts out the tax deal.  Today the news was negative and down we went.  The stock indices were short term overbought anyway, so some decline could be expected.  Some of the technicals, such as the trin, were and are very overbought.  Things can turn on a dime now as we head closer to the end of the year.  I'm still going to be looking for some type of Santa Claus rally next week.  GE fell 2/3 on very heavy volume.  This was a pretty big move for GE.  If GE is a harbinger of things to come, we could see a nasty decline in the overall market.  I would expect to see some support here at the $20 level if the fall continues.  Gold fell a couple of bucks on the futures as the US dollar finished the day little changed.  The XAU was off 1 2/3.  ABX, GG and NEM all had fractional losses on light volume.  I'm considering trading a basket of the gold shares, GDX, when I'm ready to try gold again.  Perhaps at the beginning of next year.  The gold shares remain oversold.  Mentally I'm doing OK, considering having to book yesterdays loss.  I should be done for this years trading with less than 2 weeks to go in 2012.  We are at the mercy of Washington even more so than usual until a tax deal is settled.  I do think some kind of agreement will be reached before the end of the year.  The market reaction will be key.  We will all have to be ready to trade off of that news when it happens.  Gold continues to languish as it is holding at the 200 day moving average.  A break of that level could take us down to $1620 in a hurry.  Hasn't happened yet.  We'll keep our eyes and ears open for the next sound bite out of Washington.

The rally continues as the Dow gained 115 points on good volume.  The advance/declines were almost 3 to 1 positive.  The up move has legs.  Overbought and staying there.  The summation index is now moving higher.  Whatever negative chart patterns we had last week have been negated.  The transports have broken out above some longer term resistance and that bodes well for the near future.  Closer to a tax deal in Washington has been the excuse for the move up.  You can't fight price action one way or the other.  GE fell 1/4 on heavy volume, bucking the trend.  There was some specific news on GE today that was considered bearish.  GE finished well off of its lows though.  Gold got clobbered today as it fell over $25 on the futures and broke the support level of $1680.  The US dollar was lower as well.  This relationship between the dollar and gold has been going on for a while now.  They are moving lower together and that is the inverse of what is usually suspected.  It isn't bullish for gold.  The XAU held up rather well considering.  It dropped 2 1/2.  ABX, GG and NEM all had fractional losses again on average volume.  I dumped the January ABX calls that I had for an 80% loss.  This trade was never in the black and it was one of the bigger losers of the year.  I added to it on lower prices and that is usually always a recipe for disaster.  This trade will also increase my trading loss for the year.  I'll tally the final numbers there before the end of the year.  Gold continues to be dead money here.  Even worse it is losing value.  Mentally I'm feeling OK despite the loss.  The stock indices are in rally mode.  It is expiration week and the usual positive bias is evident.  Throw in some good news out of Washington and we are heading higher.  Gold had a horrible day and we are at the 50 day moving average.  The precious metal will need to stop its decline here or things could get ugly.  I still do like the gold shares.  They are oversold on a short and medium term basis.  However my biggest losses in the past year have been there so I will probably be steering clear of them for a while.  Money is leaving both gold and the US dollar lately.  The flight to safety play is off for now.  I probably won't be making any more trades this year.  There are only 3 days left on the December option cycle and next week is a holiday week.  We'll see what tomorrow brings.  

Debt Free Stocks with High Yields

If you look at the companies that have gone out of business over the last several years, you will notice that one thing that most of them have in common is that they had debt, and usually a lot of debt. Investors who want income, and want to play it safe, may want to look for stocks that are debt free and pay decent dividends.

WallStreetNewsNetwork.com has turned up over a dozen no debt high yield stocks, with yields ranging from 4% to above 10%.

One example is the Texas based company A. H. Belo Corporation (AHC), which is in the newspaper publishing business, pays dividends quarterly and provides shareholders with a generous yield of 5.1%. The company owns The Dallas Morning News, The Providence Journal, The Press-Enterprise, and The Denton Record-Chronicle, plus some Spanish language newspapers. The stock trades at 32 times forward earnings. The stock sells below book value and has $1.87 in cash per share.

Simulations Plus, Inc. (SLP) creates pharmaceutical simulation software. The stock pays a CD beating yield of 4.6%. The stock trades at 15.8 times forward earnings. Earnings for the latest quarter skyrocketed by 88.1% on a 14.9% rise in revenues.

Universal Technical Institute, Inc. (UTI) is in the postsecondary education field providing programs in the areas of professional automotive, diesel, collision repair, motorcycle, and marine. The stock pays a yield of 4.1% and trades at 29.9 times forward earnings. This debt free company has $3.90 per share in cash.

For a free list of no debt high yield stocks, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted and updated.

By Stockerlblog.com

A positive start to option expiration week as the Dow gained 100 points on light volume.  The advance/declines were 2 to 1 positive.  This should send the summation index higher.  No technical reason for the rally.  The tax problem in Washington looks like it is almost being solved.  Of course that could change tomorrow but some kind of deal will be reached.  We will see if todays action has some legs.  GE was up 1/3.  Short term overbought here.  Gold and the US dollar both didn't do much today.  The XAU was up 1/3.  ABX, GG and NEM all had fractional gains on light volume.  Unless we get some type of rally in ABX, I will have to dump the January calls that I own at a loss.  That is the most likely outcome.  Mentally I'm feeling OK.  The stock indices continue higher and are getting short term overbought again.  We have a holiday week next week.  All of the major trading for the year will be done in the next 4 days.  Perhaps we will run things up into the expiration but that is just a guess.  Gold at around $1700 remains dead money and I don't see a catalyst in the near future.  We'll keep an eye on the action overseas and go from there.

Great Stock Market Book Gifts

Don't put off your holiday gift shopping. Below are some excellent investment, finance, and stock market books that I have read, reviewed, and enjoyed reading over the last few years. They are in no particular order, except that they are separated by categories. Categories include fiction, business and investing, hedge funds, and real estate. You can click on the title of each book to get more info about them. And if you aren't sure what books are right for a gift, how about an Amazon.com Gift Card.


Fiction

A Conspiracy of Paper by David Liss

The Day Trader by Stephen Frey

The Set-Up by Paul Erdman

Something Wild by Linda Davies

Nest of Vipers by Linda Davies

Wilderness of Mirrors by Linda Davies

The Life and Times of the Thunderbolt Kid: A Memoir, by Bill Bryson

The Power Broker: A Novel by Stephen Frey

The Protégé: A Novel (The Protege) by Stephen Frey



Non-Fiction Business and Investing

Trade Like Warren Buffett by James Altucher

Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits by James Altucher

The Only Three Questions That Count: Investing by Knowing What Others Don't By Ken Fisher

Jim Cramer's Real Money: Sane Investing in an Insane World by Jim Cramer

Jim Cramer's Mad Money: Watch TV, Get Rich
by James J. Cramer, Cliff Mason

Confessions of a Street Addict
by James J. Cramer

Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market by Steve McClellan

The Ten Roads to Riches: The Way the Wealthy Got There (And How You Can Too!) by Ken Fisher

The Drunkard's Walk: How Randomness Rules Our Lives, by Leonard Mlodinow

The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits) by Peter Schiff

Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century by Brian Hicks and Chris Nelder

The Essays of Warren Buffett : Lessons for Corporate America
by Warren E. Buffett, Lawrence A. Cunningham

The Little Book That Beats the Market
by Joel Greenblatt

The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)
by Jason Kelly

The Second Great Depression
by Warren Brussee

The Only Three Questions That Count: Investing by Knowing What Others Don't by Ken Fisher

Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor (Agora Series)

Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant

The Essays of Warren Buffett : Lessons for Corporate America

The Little Book That Beats the Market

When Genius Failed: The Rise and Fall of Long-Term Capital Management

The Intelligent Investor Rev Ed. (Collins Business Essentials)

The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)

Trade Like Warren Buffett

How to Pick Stocks Like Warren Buffett: Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor

The Buffettology Workbook: Value Investing The Warren Buffett Way

J. K. Lasser's Pick Stocks Like Warren Buffett

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits)

Liar's Poker: Rising Through the Wreckage on Wall Street

The Little Book That Beats the Market

The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)

Reminiscences of a Stock Operator (Wiley Investment Classics)

How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition

Grande Expectations: A Year in the Life of Starbucks' Stock

One Up On Wall Street : How To Use What You Already Know To Make Money In The Market

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

The Google Story: Inside the Hottest Business, Media, and Technology Success of Our Time by David Vise and Mark Malseed

Apple Confidential 2.0: The Definitive History of the World's Most Colorful Company by Owen Linzmayer and Owen W. Linzmayer

Billy, Alfred, and General Motors: The Story of Two Unique Men, A Legendary Company, and a Remarkable Time in American History by William Pelfrey

Losing Faith: How the (Andy) Grove Survivors Led the Decline of Intel's Corporate Culture by Bob Coleman & Logan Shrine

Entering Emerging Markets: Motorola's Blueprint for Going Global by Guenter Schoenborn

Softwar: An Intimate Portrait of Larry Ellison and Oracle by Matthew Symonds and Larry Ellison

The Real Thing: Truth and Power at the Coca-Cola Company by Constance L. Hays

Inside Yahoo! Reinvention and the Road Ahead by Karen Angel

The Perfect Store: Inside eBay by Adam Cohen

Amazon.com: Get Big Fast by Robert Spector

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

The Only Three Questions That Count: Investing by Knowing What Others Don't by Kenneth L. Fisher

Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything

Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich

Jim Cramer's Mad Money: Watch TV, Get Rich

The Only Three Questions That Count: Investing by Knowing What Others Don't

Options, Futures and Other Derivatives (6th Edition)

SuperCash: The New Hedge Fund Capitalism (Wiley Trading)

Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything

Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich

Jim Cramer's Mad Money: Watch TV, Get Rich

Options, Futures and Other Derivatives (6th Edition)

SuperCash: The New Hedge Fund Capitalism (Wiley Trading)

The Neatest Little Guide to Stock Market Investing (Revised Edition) by Jason Kelly

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits) by John C. Bogle

How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by Joel Greenblatt

The Little Book That Beats the Market by William J. O'Neil

Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits

Trade Like Warren Buffett

SuperCash: The New Hedge Fund Capitalism

An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund by Timothy Sykes

Active Value Investing: Making Money in Range-Bound Markets (Wiley Finance), by Vitaliy N. Katsenelson, CFA

100 Minds That Made the Market by Ken Fisher

Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer) by Jim Cramer

Joe Wilson and the Creation of Xerox
by Charles D. Ellis

Little Black Book of Connections: 6.5 Assets for Networking Your Way to Rich Relationships
by Jeffrey Gitomer

The Power of Nice: How to Conquer the Business World With Kindness
by Linda Kaplan Thaler

Your Leadership Legacy: Why Looking Toward the Future Will Make You a Better Leader Today
by Robert M. Galford

Dream Careers: How to Quickly Break Into a Fab Job!
by Tag Goulet

Covert Persuasion: Psychological Tactics and Tricks to Win the Game
by Kevin Hogan

Good to Great: Why Some Companies Make the Leap... and Others Don't
by Jim Collins

The Tipping Point: How Little Things Can Make a Big Difference
by Malcolm Gladwell

Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everythingby Steven D. Levitt

The Essays of Warren Buffett : Lessons for Corporate America
by Warren E. Buffett, Lawrence A. Cunningham (Editor)

How to Win Friends & Influence People
by Dale Carnegie

Trade Your Way to Financial Freedom
by Van K. Tharp

The Little Book That Beats the Market
by Joel Greenblatt

The Intelligent Investor Rev Ed. (Collins Business Essentials)
by Benjamin Graham, Jason Zweig

Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant
by W. Chan Kim, Renée Mauborgne


Hedge Funds

SuperCash: The New Hedge Fund Capitalism by James Altucher

All About Hedge Funds : The Easy Way to Get Started by Robert A. Jaeger

Investment Strategies of Hedge Funds by Filippo Stefanini

How to Create and Manage a Hedge Fund: A Professional's Guide by Stuart A. McCrary

Funds of Hedge Funds: Performance, Assessment, Diversification, and Statistical Properties by Greg N. Gregoriou

Vault Career Guide to Hedge Funds by Aditi A. Davare and Holly Goodrich

Managing a Hedge Fund by Keith Black

Hedge Fund of Funds Investing: An Investor's Guide by Joseph G. Nicholas

Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance by Ari Kiev


Real Estate

The Wall Street Journal. Complete Real-Estate Investing Guidebook
by David Crook

Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors)
by Ken McElroy

Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
by Sharon L. Lechter, Garrett Sutton

Find It, Fix It, Flip It!: Make Millions in Real Estate--One House at a Time
by Michael Corbett

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
by Thomas Lucier

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
by Thomas Lucier

The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy!
by Warren Boroson

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
by Robert T. Kiyosaki, Sharon L. Lechter

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
by Thomas Lucier

The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market
by Frankie Orlando

The Complete Guide to Investing in Foreclosures
by Steve Berges

Buying Real Estate Foreclosures
by Melissa S. Kollen-Rice

How To Buy Foreclosed Real Estate
by Theodore J. Dallow

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction

The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction


By Stockerblog.com