Joseph Granville : DJIA to Fall 4,000 Points in 2012

(Bloomberg) — Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television’s “Street Smart.”

Earnings this week (Jan 23)

Monday: HAL TXN CSX WDC Tuesday: AAPL  BTU  MCD  COH  EMC  IGT  AMD  YHOO  JNJ  NSC  VZWednesday: GLW  ABT  UTX  PX  BA  COP  NFLX  CTXS  TER  SNDK  HES  OXY Thursday:   ETN  CAT  T  CL  CNX  TWC  SBUX  JNPR  MMM  PCPFriday:  F  HON  MO  CVX  PG

DeMark: S&P 500 May Reach 1,342 by Jan. 24 Before Falling

The Standard & Poor’s 500 Index may approach 1,342 by Jan. 24 before retreating, said Tom DeMark.The market may top out on Tue 1/24 at the open or at the closeThe benchmark measure of U.S. equities closed at 1,315.38 today after rallying 4.6 percent in 2012 and 20 percent since Oct. 3.

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The S&P list of triple-A rated countries:

Switzerland AAASweden AAASingapore AAALiechtenstein AAALuxembourg AAANetherlands AAANorway AAACanada AAAAustralia AAAFinland AAADenmark AAAGermany AAAHong Kong AAAUnited Kingdom AAA

Chicago : Walgreen goes upscale with new Loop flagship

Walgreen’s new, 27,000-square-foot flagship store on State Street will offer everything from sushi to flu shots.Photo by: Erik UngerWalgreen Co. is about to unveil a new Loop flagship store that company executives are betting will change the way you think about drugstores.On Tuesday, Walgreen will open a 27,000-square-foot, two-story location with an eye-popping array of amenities, from manicure stations to a sushi chef, in the former Loehmann’s department store at State and Randolph streets.

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S&P 500 just formed a “golden cross”

The S&P 500 just formed a “golden cross,” implying a trend change for the better. But other indicators still point downward.The Standard & Poor’s 500 just gave a signal that usually indicates a rising trend is in place that typically lasts for months, not just days.The indicator, dubbed the “golden cross,” occurs when the 50-day moving average of the index rises above the 200-day moving average.

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NYSE Holidays 2011 and 2012

NYSE Holidays20112012New Year’s DayJanuary 1January 2Martin Luther King, Jr. DayJanuary 17January 16Washington’s Birthday/ Presidents DayFebruary 21February 20Good FridayApril 22April 6Memorial DayMay 30May 28Independence DayJuly 4July 4Labor DaySeptember 5September 3Thanksgiving DayNovember 24November 22Christmas DayDecember 26December 25

Commodities – 2011 Performance – Milk Is Leading the Commodity Pack

Milk Is Leading the Commodity Pack  COMMODITIES YTDLastYTD % ChangeMilk17.0524.27%Feeder Cattle150.27521.24%Gas Oil921.2519.95%Brent Crude Oil109.2715.32%Heating Oil2.908514.40%Live Cattle123.213.71%Gold1595.512.25%Crude Oil101.3410.90%RBOB Gasoline2.688810.64%Lean Hogs85.757.52%Source: CNBC Analytics/Thomson Reuters

Gold performance 2007 – 2011

DeMark : update on his predictions from Dec 9, 2011

On 12/5/11 DeMark predicted that S&P500 may advance to between 1,330 and 1,345 by December 21.Well, 2.5 weeks later, the index has not advanced much, and in fact is almost in exactly the same place.Today (12/22/11), DeMark was on Bloomberg and said he still thinks the market will go up to about 1,330.** weekly from Dec 9 **