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From: The Wall Street Shuffle Radio Show <becca@thewallstreetshuffle.com>
Sender: "The Wall Street Shuffle Radio Show" <becca=thewallstreetshuffle.com@mail35.atl71.mcdlv.net>
Date: Tue, 6 May 2014 12:30:21 +0000
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ReplyTo: The Wall Street Shuffle Radio Show <becca@thewallstreetshuffle.com>
Subject: [New Layout!] NorAm Asset's The Wall Street Shuffle- May 6, 2014
| | | Tim Reazor Chief Investment Strategist NorAm Asset Management | | Leading Off… Where Gold Appears to be Headed Gold found a bottom recently at the $1,288 price level. This was a key level to hold. After the anemic GPD report last week, coupled with a non-farm jobs- report that included the lowest labor participation rate in 30 years – gold is now off on running. Running to where? Gold needs to now hold the $1,300 price level and conquer the $1,315 price level If this occurs the stage is set for a move up to $1,332. If the perception of the economy gets worse than gold has the potential to run up to $1,350. ...Read More | | | Jim Jubak President/Portfolio Manager Jubak's Picks | | This fully-intergrated engine maker continues to take costs out of its business, raise margins, and improve revenue, which is why MoneyShow's Jim Jubak consistently gravitates towards it and other companies doing the same. Execution, execution, execution....Read More | | | | | Dan Stewart CFA® President/Chief Investment Officer NorAm Asset Management | | Markets Rebound Off Lows, but Weakness Continues The markets rebounded off of the early morning selloff to finish moderately in the green. At one point, the DOW was down over 130 points. My biggest problem with yesterdays 'rally' was volume. Total volume was anemic. It dropped double digit on both major exchanges. Buyers simply weren't out, at least not in force, as Up Volume was also anemic. Up Volume was just 43% on the NYSE. It was a little stronger on the NASDAQ registering 54% helped by a bounce in the biotechs...Read More | | | | | | |
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