Klein Market Summary-February 11th, 2013

Klein Market Summary

February 11th, 2013


Current Market Facts:


Technical Status  Confirmed Rally Beginning Week 7



Other Observations

Accumulation continues to dominate index action

Feel of the Market

Leadership remains robust, continues to expand




Important Levels on Key Indices:



Last Close






Nasdaq 100




S&P 500









Market Interpretation:

The market rally is white hot.  The S&P 500 continues to power into new highs.  The NASDAQ Composite is on the brink of rising to decade highs.  That is quite a feat considering that AAPL has corrected more than 38%.  Other liquid NASDAQ tech leaders have been trending higher, including GOOG, ORCL, EBAY, and FB.

While the rally is quite extended, it remains under aggressive institutional accumulation.  In the last week, LNKD joined the ranks of ultra-hot leading stocks, as it surged on Friday, as quarterly earnings nearly tripled.

Joel’s Take:

At this point in the rally, most leading stocks have broken out.  A few more might emerge from earnings reports or recent IPO’s.  While economic signals remain mixed, the Fed’s liquidity programs are driving real estate and equities higher.  Additionally, bonds have been selling off, creating further fuel for the stock market.

Leading innovative growth stocks have continued to trend higher.  A handful have tested support levels, but most continue to surge.  Construction, tech, consumer, medical, and energy stocks are surging higher.  It is important not to chase stocks beyond normal buy areas.  On the other hand, now is a good time to determine which of your stocks are real leaders, and to decide how to handle them.  It is important to take some profits on the way up, according to your rules.

  • The Klein Market Summary is a professional interpretation of the general stock market conditions that is updated on a weekly basis.  Joel T. Klein is the portfolio manager of the investment partnership Blue Diamond Capital, LP. He writes the summary using select technical and fundamental data.  The Klein Market Summary is not intended to provide investment advice of any kind, and is only provided for the entertainment of the reader.  It is typically updated Monday morning, weekly.  Please e-mail info@kleinasset.com, if you are interested in receiving this free weekly update.
  • Past performance is not a guarantee of future results.  Due to market volatility, a fund’s performance may fluctuate.  Current performance may be less than previous results.  An investment a hedge fund when redeemed, may be worth more or less than the original cost.  Information above is not a replacement for the Fund’s prospectus.  This webpage does not constitute any kind of offer or solicitation.  Additional information on investment objectives and policies is in the Fund’s prospectus.  Ask your representative for a prospectus.



About kleinmarketforum

Klein Asset Management, LLC, formed in 2003, serves individual investors via a directional growth stock approach. When the market is in an uptrend, the firm seeks to exploit investment opportunities. When the trend is down or neutral, assets are protected. Klein Asset Management undertakes major market research projects. In many cases, these result in improved investment methods, which ultimately improve performance.

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