The Red Roadmaster’s US Market Monthly Re-cap + Stock Talk ™

9 April 2010 Date Line: Hong Kong (SAR) China

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Red’s Bull Alert: The major US indexes' moderate gains were characteristic of the Rally climbing a wall of worry. The S&P 500 has ground slowly higher since the beginning of March, ris-ing 7.4% as momentum indicators suggest the Rally could stall in coming weeks. The trend is North and the trend is your friend.

Re-cap of the US Stock Market Action for the session ending 8 April 2010

US stocks gained Thursday on strong March retail sales indicating that the economic recovery on.

 Investors bought up retailers' shares after top US chains reported a record year over year increase in same-store sales for March. .The S&P retail index rose 1.3%. Major retail chains reported a record 9.1% rise in March same-store sales, thus beating the forecast for a 6.3% gain. Of the 28 retailers that Thom-son Reuters tracks, more than 90% topped estimates.

The DJIA added 29.55 pts, or 0.27%, to close at 10,927.07,the S&P 500 gained 3.99 pts, or 0.34%, to close at 1,186.44, and the  NAS tallied up a + 5.65 pts, or 0.23% to end the session at 2,436.81.

On the economic front: data showed the number of workers filing for unemployment benefits rose last week, but the rise reflected volatility from the Easter holiday, and does not alter my view that labor mar-kets are recovering.

The financials supported to the broader market, though some of session's strongest gains came from the consumer discretionary sector, which finished 1.0% higher, and better than expected February revenue from Nevada's Gaming Control Board sent shares of casinos and gaming stocks in the S&P 500 to a 4.3% gain.

Commodities were pressured all session, ending with a 0.8% loss for the CRB Commodity Index. Gold saw its streak of end as it fell fractionally to close at US$1152.90 oz. and Silver prices settled 0.4% lower at US$$17.13 oz .

Crude Oil prices were pressured to a 0.6% loss closing at US$85.39BBL. Natural Gas prices fell a much sharper 2.7% to close pit trade at US$3.91 per MMBtu following news of a larger than expected build in weekly inventory.

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Advancing Sectors: Consumer Discretionary (+1.0%), Telecom (+0.9%), Financials (+0.8%), Energy (+0.6%), Materials (+0.3%), Industrials (+0.3%)

Declining Sectors: Health Care (-0.2%), Utilities (-0.6%)

Unchanged: Consumer Staples, Tech

Volume and Breadth: About 8.48B/shrs traded on the NYSE, the AMEX and NAS below last year's esti-mated daily average of 9.65B/shrs. Advancers beat decliners on the NYSE by 8 to 7, and on the NAS 14 stocks rose for each 13 that fell.

Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance

Apr-08-2010 QQQQ 48.74 Bullish (0.48) 48.45 49.00

Apr-08-2010 DIA 109.37 Neutral (0.18) 108.38 109.59

Apr-08-2010 SPY 118.77 Neutral (0.23) 118.44 119.11

Crude Oil Focus Report

Crude Oil fell for a 2nd day on disappointing inventory report and weak economic data. Success in Trea-sury auction dragged equities down, which pressured energy prices. Currently trading at US$85.2, the front-month contract slipped to as low as US$84.88 earlier, representing a minus 2.53% decline from the 18 mth high made 2 days ago. Crude Oil made a temporary top at 87.09 after hitting 86.92 my projected target, and then pull back from there, said pullback is still in progress.

More decline could be seen towards 4 hours 55 EMA (now at 84.40) and below. But, a break of the 78.56 support is needed to indicate that Crude Oil has topped in here.

So, for now my outlook will remain Bullish, and sustained trading above 86.92 will target 90 the next Key level.

The Big Picture: the strong break thru the 83.95 high confirmed that medium term rally from 33.2 has re-sumed.

But, there is no change in POV that it is the 2nd wave of the correction that started in 2008 at 147.27. So , I do continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring re-versal.

On the Downside: a break below the 78.56 support will be the 1st signal of topping, and will turn focus back to 69.50 support for confirmation. Stay tuned...

Stocks to Watch Today

AT&T (ATT), Bed Bath & Beyond, Inc. (BBBY), Target Corporation (TGT), and Wynn Resorts Ltd. (WYNN)

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AT&T (ATT) Up-date 1 Last Look: October 22, 2009

April 9, 2010

Paul A. Ebeling, Jnr. Analyst

Today, let’s look at AT&T (ATT), the industry-leading provider of wire line voice communications services in the USA, from a Technical POV. The overall indications, after Thursday’s (April 8) market action, are Bearish: in the near term Bearish, mid-term Bearish, and long term Neutral. The recent Candle Stick analysis is Bullish.

**Chart by: http://www.stockta.com

Latest News and Opinion: iPhone Battle Raises Stakes for AT&T

http://www.marketwatch.com/video/asset/yho/{047F19C8-7930-43D9-BEE7-B9DCAF75F937}?siteid=yhoo

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Thursday’s Market Action Close 26.14 -.08 Volume 126,700/shrs

There is a Inverted Hammer on April 6 are no Gaps open up or down on the Chart, the near term resistance is 26.24, support at 26.03, and the 50 day (EMA) exponential moving average is 26.46.

This is AT&T Company Description (ATT): the company, through its subsidiaries, affiliates, and operating companies, holding company AT&T is the industry-leading provider of wire line voice communications services in the US. Customers in 22 states use AT&T-branded telephone, Internet, IP-voice, and digital video services; key markets include California, Illinois, and Texas. The company's corporate, government, and public sector clients use its extensive range of conferencing, data networking, managed network, and wholesale communications services. Subsidiary AT&T Mobility is the nation's second largest wireless carrier by both sales and subscriptions (after Verizon Wireless). It provides mobile voice and data services to about 77 million subscribers.

AT&T’s Business Challenges

CRITICAL ISSUES

Industry Depends Highly on Regulatory Decisions - The FCC regulates the interstate activities of telecom providers, including pricing and operations, while state public utility commissions (PUCs) regulate similar matters at the state level. Regulations affect most strategic decisions of telecom companies. Although the industry is moving toward deregulation and greater competition, pricing is likely to remain regulated.

Demand Affected by Economic Growth - Demand for telecom services is affected by economic conditions, mainly because business customers provide a large portion of industry revenue. Consumers are also income-sensitive to the expensive new services telecom and cable providers offer. As a result, large telecom and cable companies had relatively flat revenue during the late 2000s recession.

Industries Where AT&T Competes

Telecommunications ServicesFixed-line Voice Services ProvidersLocal Exchange Carriers(primary)Data ServicesInternet & Online Services ProvidersWireless Communications Services

AT&T (HQ)Randall L. Stephenson, Chairman, President, and CEO 

208 S. Akard St.Dallas, TX 75202-2233United States  Phone: 210-821-4105

http://www.att.com

AT&T SubsidiariesAT&T AlascomAT&T Mobility LLCIngenio, Inc.

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Bed Bath & Beyond, Inc. (BBBY) Up-date 1 Last Look: June 26, 2009

April 9, 2010

Paul A. Ebeling, Jnr. Analyst

Today, let’s look at Bed Bath & Beyond, Inc. (BBBY), the #1 superstore domestics retailer in the USA, from a Technical POV. The overall indications, after Thursday’s (April 8) market action, are Very Bullish: in the near term Very Bullish, mid-term Bullish, and long term Very Bullish. The recent Candle Stick analysis is: Very Bearish.

**Chart by: http://www.stockta.com

Latest News and Opinion: Did You Notice This New Market Move?

http://www.cnbc.com/id/36265197?__source=yahoo|headline|quote|text|&par=yahoo

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Thursday’s Market Action Close 46.48 + 1.81 Volume 9,868,900/shrs

There is a DOJI on April 7 and no Gaps open up or down on the Chart, the near term resistance is NIL, support at 45.39, and the 50 day (EMA) exponential moving average is 42.38.

This is Bed Bath & Beyond, Inc. (BBBY): The #1 superstore domestics retailer in the USA with about 930 BBB stores throughout the US and Ontario, Canada. The stores' floor-to-ceiling shelves stock better-quality (brand-name and private-label) goods in two main categories: domestics (bed linens, bathroom and kitchen items) and home furnishings (cookware and cutlery, small household appliances, picture frames, and more). BBB relies exclusively on circulars, mailings, and word-of-mouth for advertising. The company also operates three smaller specialty chains: 50-plus Christmas Tree Shops; 40 Harmon discount health and beauty shops; and 15 byebye Baby locations.

Competitive Landscape

Demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through depth of products and superior customer service. The industry is labor-intensive: average annual sales per employee is US$125,000.

Home Furnishings Stores Industry Forecast

US personal consumption expenditures of home furnishings are forecast to grow at an annual compounded rate of 3% between 2008 and 2013. Data Sourced: December 2008

Bed Bath & Beyond, Inc. (HQ)

Warren Eisenberg , Co-Founder and Co-Chairman

Leonard Feinstein Co-Founder and Co-Chairman

650 Liberty AvenueUnion, NJ 07083United States Phone: 908-688-0888Fax: 908-688-6483

http://www.bedbathandbeyond.com

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Target Corporation (TGT) Up-date 5 Last Look: March 1, 2010

April 9, 2010

Paul A. Ebeling, Jnr. Analyst

Today let’s look at Target Corporation (TGT), The USA’s #2 discount chain (behind Wal-Mart), from a Technical POV. The overall indications, after Thursday’s (April 8) market action are overall Bullish: in the near term Bullish, mid-term Bullish, and long term Bullish. The recent Candle Stick Analysis is Neutral.

**Chart by: http://www.stockta.com

Latest News and Opinion: Asian markets mostly higher as traders eye 1Q GDP

Asian markets mostly higher as investors look to next week's first quarter GDP numbers 

http://finance.yahoo.com/news/Asian-markets-mostly-higher-apf-4217343912.html?x=0&.v=6

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Thursday’s Market Action Close 51.52 + .57 Volume 4,189,600/shrs

There is a DOJI on February 23 and no Gap open up or down on the Chart, the near term resistance is 52.26, support at 51.35, and the 50 day (EMA) exponential moving average is 49.77.

This is the Target Corporation (TGT): The USA’s #2 discount chain (behind Wal-Mart) now operates about 1,680 Target and SuperTarget stores in 48 states, as well as an online business called Target.com. Target and its larger grocery-carrying incarnation, SuperTarget, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. After years of struggling to turn around its Marshall Field's and Mervyns department stores divisions, the discounter sold them both in 2004. Target also owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its proprietary Target Card.

Competitive Landscape

Population growth and consumer spending drive demand. The profitability of individual companies depends on efficient supply chain management, effective merchandising, and competitive pricing. Large companies dominate the industry, and enjoy advantages in purchasing, distribution, and marketing. Average annual revenue per worker is US$175,000.

Discount Stores Industry ForecastThe output of the USA’s retail industry, which includes discount stores, is forecast to increase at an annual compounded rate of 2 percent between 2008 and 2013.Data Sourced: December 2009

Target Corp. (HQ)

Gregg W. Steinhafel Chairman, Chief Exec. Officer and Pres1000 Nicollet MallMinneapolis, MN 55403United States Phone: 612-304-6073Fax: 612-370-5502

http://www.targetcorp.com

Target Subsidiaries

The Associated Merchandising CorporationTarget Commercial Interiors, Inc.Target Receivables Corporation

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Wynn Resorts Ltd. (WYNN) Up-date 8 Last Look: March 23, 2010

April 9, 2010

Paul A. Ebeling, Jnr. Analyst

Today let’s look at Wynn Resorts Ltd. (WYNN), the brainchild of gaming wizard Steven Wynn, from a Technical POV. The overall indications, after Thursday’s (April 8) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Neutral. The recent Candle Stick analysis is: Bearish

**Chart by: http://www.stockta.com

Latest News and Opinion: Wynn Resorts bows out of Philadelphia casino plan

Wynn Resorts bows out of Philadelphia casino plan, says opportunity didn't fit

http://finance.yahoo.com/news/Wynn-Resorts-bows-out-of-apf-1588274204.html?x=0&.v=3

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Thursday’s Market Action Close 86.23 + 4.57 + Volume 5,253,900/shrs

There is Bearish Harami on April 6, and one Gap open up on January 4, 2010 at 59.60/60.92, the near term resistance is NIL, support at 83.13 and the 50 day (EMA) exponential moving average is 71.51

This is Wynn Resorts Ltd. (WYNN): Wynn Resorts is the brainchild of gaming mogul and former Mirage Resorts chairman Steve Wynn. The US$2.4B resort and casino, built on the site of the former Desert Inn on the Las Vegas Strip, boasts more than 2,700 rooms, a casino with nearly 2,000 slots and about 140 table games, some 20 restaurants, a golf course, an art gallery (featuring Wynn's personal collection), two wedding chapels, and a Ferrari and Maserati dealership. Wynn Resorts also includes Encore at Wynn Las Vegas, a hotel and casino adjacent to its Wynn Las Vegas property, and the Wynn Macau, a hotel and casino in China. Steve Wynn owns about 21% of the company.

Competitive Landscape

Growth in consumer income and state spending has driven expansion of the US gambling industry. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to a local clientèle. The industry is fairly labor-intensive: annual revenue per employee is US$90,000.

Gambling Operations Industry Forecast

US personal consumption expenditures for participant amusements and pari-mutuel net receipts, which include gambling operations, are forecast to grow at an annual compounded rate of 4 % between 2008 and 2013. Data Sourced: December 2009

Wynn Resorts Ltd. (HQ)

Chairman and Chief Executive Officer: Stephen A. Wynn

3131 Las Vegas Boulevard SouthLas Vegas, NV 89109United States Phone: 702-770-7555Fax: 702-770-1571

http://www.wynnresorts.com

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