29th June, 2009
Paul A. Ebeling, Jr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highlyregarded financial market letter, read by opinion makers, business leaders and organizations around the world. Ebeling has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/ Support Levels.
Paul A. Ebeling, Jr. firstname.lastname@example.org
The Red Roadmasterâ€™s US Market Recap
June 29, 2009 Alert: The Red Roadmaster looks Hythiam Inc. (HYTM), Warner Music Group (WMG), and Oppenheimer Holdings (OPY), at for the 1st time.
Recap of the US Stock Market Action for the Week Ending 26 June 2009 Consumers are saving more than they're spending; banks happy, investors worried. Index
DJIA NAS S&P 500 Russell 2000
US Stocks finished mixed Friday after the Commerce Department reported that personal spending, incomes and savings all rose in May as the savings rate soared to a 15 yr high of 6.9% on modest spending of + 0.3 %; consumers are being very careful with their money in here. US GDP dropped at an annual rate of 5.5% in Q-1/ The University of Michigan reported a rise in consumer sentiment in June, better than the flat reading expected by analysts. US Government bond prices edged higher. The yield on the benchmark 10-year T-Note slipped to 3.53% late Friday from 3.54% late Thursday. Advancers outnumbered decliners 3-to-2 on the NYSE, where consolidated volume came to 5.1B/shrs, up from 4.9B/shrs on Thursday. Volume was heavy on the annual reconstitution of the Russell 2000 index causing investors to buy and sell hundreds of stocks to match the new makeup of the indexes. Crude Oil fell US$1.07 to settle at US$69.16 bbl on the New York Mercantile Exchange. The US$ was mixed against other major currencies. Gold prices rose. Overseas Markets: Britain's FTSE 100 fell 0.3%, Germany's DAX index fell 0.5%, France's CAC-40 fell 1.1 % and Japan's Nikkei average rose 0.8%. Stocks to Watch Today
Cell Therapeutics, Inc. (CTIC), Hythiam Inc. (HYTM): JDS Uniphase Corporation (JDSU), Oppenheimer Holdings (OPY), Palm, Inc. (PALM), and Warner Music Group (WMG), XCORPOREAL INC (XCR),
Cell Therapeutics, Inc. (CTIC) Up-date 3 June 29, 2009 Paul A. Ebeling, Jr. Analyst Today, letâ€™s look at Cell Therapeutics, Inc. (CTIC), the toxic avenger biotech company, from a Technical POV. The overall indicators, after Fridayâ€™s (June 26, 2009) market action, are Bullish: in the near term Neutral, mid-term Bullish and long term Neutral. The recent candlestick analysis is Very Bullish
**Chart by: http://www.stockta.com
Latest News: FDA Extreme Trades: 16 Stocks under US$ 5.00 http://seekingalpha.com/article/145741-fda-extreme-trades-16-stocks-under-5bucks?source=yahoo
Fridayâ€™s Market Action Close 1.85
There is a Bullish Engulfing Candle on June 25 and five Gaps open up on between Feb 18 and May 29, 2009 at .01/1.26, the near term resistance is 1.79, support at 2.10, and the 50 day (EMA) exponential moving average is 1.22. This is Cell Therapeutics, Inc. (CTIC): This is a biopharmaceutical company that develops, acquires, and commercializes oncology products for cancer treatment. Its development portfolio includes Pixantrone, a phase III trial product, for non-Hodgkinâ€™s lymphoma; Brostallicin, which is in first-line Phase II study for the treatment of sarcoma; and OPAXIO, a chemotherapeutic agent for the potential treatment of non-small cell lung, ovarian, and other cancers. It has collaboration and licensing arrangements with Novartis International Pharmaceutical, Ltd.; and PG-TXL Company, L.P. The company was founded in 1991 and is headquartered in Seattle, Washington. Competitive Landscape Demand for biotechnology products and services are driven primarily by the willingness of insurers to pay for new medical treatments. The profitability of individual companies depends on the discovery and effective marketing of new products. Because the market for potential products is so large, small biotechnology companies can co-exist successfully with large ones if they have expertise in a particular line of research. Biotechnology Sector Industry Forecast The output of US scientific research and development, an indicator of biotechnology activity, is forecast to grow at an annual compounded rate of 9 % between 2008 and 2013. Data Sourced: December 2008 Cell Therapeutics, Inc. (HQ) James A. Bianco, M.D., Principal Founder, Chief Exec. Officer 501 Elliott Avenue West Suite 400 Seattle, WA 98119 United States b Phone: 206-282-7100 Fax: 206-284-6206 http://www.cticseattle.com
& Exec. Director
Hythiam Inc. (HYTM) June 29, 2009 Paul A. Ebeling, Jr. Analyst Today, let’s look at Hythiam Inc. (HYTM), from a Technical POV. The overall indications, after Friday’s (June 26, 2009) market action, are Neutral: in the near term Neutral, mid-term Neutral, and long term Neutral. Candle The recent candlestick analysis is Bearish.
**Chart by: http://www.stockta.com
Latest News: Hythiam Changes Certifying Accountant http://biz.yahoo.com/e/090612/hytm8-k.html Friday’s Market Action Close .26
There is a Bearish Engulfing Candle on June 26, and no Gaps open up or down on the Chart, the near term resistance is .28, support at .25, and the 50 day (EMA) exponential moving average is 31.. This is Hythiam Inc. (HYTM): This company specializes in researching, developing, and licensing medical protocols for the treatment of alcohol and drug addiction. The company's PROMETA treatment programs utilize a combination of medication, nutritional supplements, and counseling to treat drug and alcohol addiction. Hythiam' PROMETA Centers are operated through management or licensing agreements with health care providers in the US. PROMETA also provides maintenance support by offering individualized care programs following medically supervised treatment. Its Catalyst program offers disease management services. The company owns a controlling stake in managed behavioral health provider Comprehensive Care. Competitive Landscape Demand is driven by the rising costs of providing medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully only by providing special coverage plans, or in small markets. The industry is highly automated: annual revenue per employee is close to US$1 million. Managed Healthcare Industry Forecast US personal consumption expenditures on health insurance premiums, an indicator for managed healthcare services, are forecast to flatten with an annual compounded growth rate of 1% between 2008 and 2013. Data Sourced: December 2008 Hythiam Inc. (HQ) Terren S. Peizer Founder, Chairman and Chief Exec. Officer 11150 Santa Monica Boulevard Suite 1500 Los Angeles, CA 90025 United States Phone: 310-444-4300 Fax: 310-444-5300 http://www.hythiam.com
JDS Uniphase Corporation (JDSU) Up-date 1 June 29, 2009 Paul A. Ebeling, Jr. Analyst Dear Reader, Letâ€™s have a look at JDS Uniphase Corporation (JDSU), suppliers of network monitoring and test instruments, from a Technical POV. The overall analysis after Fridayâ€™s (June 26, 2009) market action is Neutral: in the near term Neutral, mid-term Very Bullish, and long term Neutral. The recent candlestick analysis is Neutral
**Chart by: http://www.stockta.com
Latest News: JDSU Introduces First Centralized Remote PON Test System for Faster Turn-up and Restoration of IPTV and Other Broadband Services http://finance.yahoo.com/news/JDSU-Introduces-First-prnews-3288974839.html?x=0&.v=1 Fridayâ€™s Market Action Close 5.70
There are no Gaps open up or down on the Chart, the near term resistance is 6.33 , support at 5.45 , and the 50 day (EMA) exponential moving average is 5.26. This is JDS Uniphase Corporation (JDSU): Through a series of acquisitions, primarily suppliers of network monitoring and test instruments, the company reorganized into three main businesses. Communications Test & Measurement consists of JDSU's test and measurement instruments acquisitions. Optical Communications makes components, modules, and equipment used to build fiberoptic telecommunications, data, and cable television networks. Advanced Optical Technologies contains JDSU's Flex Products and Custom Optics businesses. JDSU sells to customers in the communications, commercial, consumer, and military markets. The Competitive Landscape The industry depends on purchases from businesses, telephone companies, cable companies, data communications providers, and TV and radio broadcasters. Profitability for individual companies is linked to technical innovation and the ability to secure high-volume contracts from large customers. Small companies can be successful if they make highly specialized products. There are large economies of scale in manufacturing standard products, but many products are specialized and produced in small manufacturing plants. Annual revenue per employee in a large plant varies from US$500,000 to US$1MM. Telecommunications Equipment Manufacturers Industry Forecast The output of US communication equipment manufacturing is forecast to grow at an annual compounded rate of 2% between 2008 and 2013. JDS Uniphase Corporation (HQ) Chairman Martin A. (Marty) Kaplan 430 North McCarthy Boulevard Milpitas, CA 95035 United States Phone: 408-546-5000 Fax: 408 546-4300 http://www.jdsu.comt JDS Uniphase Subsidiaries
American Bank Note Holographics, Inc. da Vinci Systems, LLC
Oppenheimer Holdings (OPY) June 29, 2009 Paul A. Ebeling, Jr. Analyst Today, letâ€™s look at Oppenheimer Holdings (OPY), the large international wealth management firm, from a Technical POV. The overall indications, after Fridayâ€™s (June 26, 2009) market action, are Bullish: in the near term Very Bullish, mid-term Bullish, and long term Neutral. The recent candlestick analysis is Neutral.
**Chart by: http://www.stockta.com
Latest News: Oppenheimer Broadens Opportunities - Adds Pennsylvania Municipal Note Public Finance Department http://finance.yahoo.com/news/Oppenheimer-Broadens-prnews-2885851089.html?x=0&.v=1
Fridayâ€™s Market Action Close 22.83
There are no open Gaps on the Chart, the near term resistance is NIL, support at 20.94, and the 50 day (EMA) exponential moving average is 15.67. This is Oppenheimer Holdings (OPY): this company specializes in wealth management, asset management, trust, and investment banking services for institutional and wealthy individual clients. (Private-client services -- about US$62B in assets under management -- make up the bulk of sales.) Offerings include brokerage, annuities, and estate planning. The company's asset management group -about US$17B in assets under management -- covers the bases from research to alternative investments. Its capital markets unit provides equities and debt market products and services. The formerly Toronto-based Canadian company re-chartered as a US company in 2009, moving its headquarters to New York. Competitive Landscape Demand is driven by consumer income and wealth and demographics. The profitability of individual firms depends largely on effective marketing. Large companies have some advantages in providing expertise in a wider range of investment options, and may charge lower fees. Small companies can compete successfully by providing better service and advice. In small and large firms, annual average revenue per employee is about US$200,000. Financial Planners and Investment Advisors Industry Forecast The output of US securities, commodity contracts, and investments, an indicator for financial planners and investment advisors, is forecast to flatten with an annual compounded growth rate of 0% between 2008 and 2013. Data Sourced: December 2008 Oppenheimer Holdings (HQ) Albert Grinsfelder Lowenthal Chairman, Chief Exec. Officer
20 Eglinton Avenue West Suite 1110 Toronto, ON M4R 1K8 Canada Phone: 416-322-1515
Palm, Inc. (PALM) Up-date 1 June 29, 2009 Paul A. Ebeling, Jr. Analyst Today letâ€™s look at Palm, Inc. (PALM), the historic leader in hand held computers, from a Technical POV. The overall analysis after Friday (June 25, 2009) market action is Very Bullish in the near term Very Bullish, mid-term Very Bullish, and long term Very Bullish. The recent candlestick analysis is Bullish
**Chart by: http://www.stockta.com
Latest News: Fridayâ€™s Market Action Close
There is a DOJI on Mar 13, 2009 and two Gaps open up on Jan 6 and 8, 2009 at 3.25/5.20, the near term resistance is 8.57, support at 7.97, and the 50 day (EMA) exponential moving average is 6.70. This is Palm, Inc. (PALM): The Company provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its mobile products include smartphones and handheld computers, which provide various business productivity tools, and personal and entertainment applications. The company offers Centro and Treo 755p smartphones on the Palm operating system platform and the Treo 700wx, 750, 500, and 800w smartphones powered by Windows Mobile operating system. It provides Palm and Tungsten handheld computers, including Palm Z22, Tungsten E2, and Palm TX that incorporate data synchronization technology, enabling the devices to synchronize with desktop applications, such as Outlook, and an infrared port for exchanging information between devices. The company also offers various add-ons and accessories, including portable keyboards, memory expansion cards for storage and content, modems, headsets, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through its sales force, as well as to end users through its Web site. Competitive Landscape Demand is tied to consumer and business income. The profitability of individual computer companies depends on purchasing and production efficiencies, and on technological expertise. Large companies have economies of scale in purchasing and production. Small companies can compete successfully by specializing in certain products or by developing superior technology. The industry is capital-intensive and highly automated: annual revenue per employee is about US$500,000. Computer Manufacture Industry Forecast The output of US computer manufacturing is forecast to grow at an annual compounded rate of 4% between 2008 and 2013. Data Sourced: December 2008 Palm, Inc. (HQ) Chief Exec. Officer, President; Edward T. Colligan 950 West Maude Avenue Sunnyvale, CA 94085 United States Phone: 408-617-7000 Fax: 408-617-0100 http://www.palm.com
WARNER MUSIC GROUP (WMG) June 29, 2009 Paul A. Ebeling, Jr. Analyst Today, let’s look at Warner Music Group (WMG), one of the largest recording companies, from a Technical POV. The overall indications, after Friday’s (June 26, 2009) market action, are Bullish: in the near term Very Bullish, mid-term Bullish, and long term Neutral. The recent candlestick analysis is Very Bullish.
**Chart by: http://www.stockta.com
Latest News: Uncertainty surrounds Jackson estate
http://www.ft.com/cms/s/0/087be2d2-6261-11de-b1c900144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058&nclick_check=1 Fridayâ€™s Market Action Close 6.17
There is a DOJI on June 25, and one Gap open up on Apr 13, 2009 at 3.11/3.18, the near term resistance is 7.75, support at 5.65, and the 50 day (EMA) exponential moving average is 5.47. This is Warner Music Group (WMG): Warner Music is one of the largest recording companies in the world and ranks #3 in terms of US market share (behind Universal Music Group and Sony Music Entertainment). It operates through two businesses: Recorded Music and Music Publishing. Its Recorded Music catalog includes best-selling albums The Eagles: Their Greatest Hits 1971-1975 and Led Zeppelin IV. Its Music Publishing business holds more than one million copyrights. The company's traditional A&R (artist and repertoire) work of finding and developing artists has helped WMG score hits from musicians such as Green Day and Faith Hill. Thomas H. Lee Partners owns more than 35% of WMG. Competitive Landscape Demand is driven by consumer spending. The profitability of individual companies depends on discovering and promoting new musical talent and generating revenue from the companyâ€™s asset base of recordings and publications. Large companies have advantages in marketing and distribution. Smaller companies, referred to as Indies, compete by focusing on artists within local markets or music genres. The industry is capital-intensive: average annual revenue per employee is about US$475,000. Music Production and Distribution Industry Forecast The output of US sound recording industries is forecast to flatten with an annual compounded growth rate of 0% between 2008 and 2013. Data Sourced: December 2008 Warner Music Group Corp. (HQ) Edgar M. Bronfman Jr. Exec. Chairman, Chief Exec. Officer 75 Rockefeller Plaza New York, NY 10019 United States Phone: 212-275-2000 Fax: 212-757-3985 http://www.wmg.com
XCORPOREAL INC (XCR) Up-date 1 June 29, 2009 Paul A. Ebeling, Jr. Analyst Letâ€™s have a look at XCORPOREAL INC (AMEX: XCR), a medical device company engaged in the development of artificial kidneys and related products, from a Technical POV. The overall indications after Friday (June 26, 2009) market action, are Neutral; in the near term Neutral, mid-term Neutral, and long term Neutral. The recent candlestick analysis is Very Bullish.
**Chart by: http://www.stockta.com
Latest News: XCORPOREAL, INC. Financials http://finance.yahoo.com/q/is?s=xcr
Friday’s Market Action Close .26
There is a Hammer on June 26 and on Mar 20, a Gap open up on Mar 9, 2009 at .13/14 and two Gaps open down between Apr 1 and Jun 23 at .34/.27 , the near term resistance is .27, support at .21 , and the 50 day (EMA) exponential moving average is .27. The Recent Candle Stick analysis is Very Bullish. This is Xcorporeal, Inc. (XCR): The Company is a development stage medical device company that is developing an extra-corporeal platform of products that might be used in devices to replace the function of various human organs. The platform focuses on the devices for home and hospital renal replacement therapy; home hemodialysis; and wearable artificial kidney for continuous ambulatory hemodialysis. The company also develops a portable, multifunctional renal replacement device that would offer therapy for patients suffering from acute renal failure. Xcorporeal was founded in 2001 and is based in Los Angeles, California. Competitive Landscape Demand is driven by population demographics and advances in medical knowledge and technology. The profitability of individual companies depends on the ability to develop superior products. Large companies have economies of scale in manufacturing and R&D. Small companies can compete successfully by specializing in a particular market segment, or through technical innovation. Annual revenue per employee is about US$250,000.
Medical Supplies and Devices Industry Forecast The output of US medical instruments and supplies is forecast to grow at an annual compounded rate of 4 %between 2009 and 2013. Data Sourced: December 2008 Xcorporeal, Inc. (HQ) Chairman, Chief Exec. Officer: Kelly McCrann 11150 Santa Monica Boulevard Suite 340 Los Angeles, CA 90025 United States Phone: 310-424-5668 http://www.xcorporeal.com
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