FirstAlert(tm) Digest 7/15/10: Setback For Radioshack

- Technical Market Commentary -

July 15, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of Radioshack Corp (NYSE: RSH) appeared to break-out on heavy volume Tuesday, July 13th. But the rally reversed yesterday, July 14th. Tuesday’s rally broke above (and closed above) a declining trend resistance line created by lower rally highs on April 21st, June 14th and July 12th. The rally also broke above the 61.8% retracement level for the June correction.

Radioshack appeared to be headed for its prior highs at the $24 level. But CNBC announced that potential buyers for this company have dwindled and the prospects that Radioshack would be sold were declining. On Wednesday July 14 share prices declined 6%.

This stock is a very risky holding until the smoke clears.

(Go to http://www.financialwire.net/2010/04/22/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby+cmmtry for more of Kollar’s commentaries.)

Today’s FirstAlert is underwritten by ShareIntel(r) Shareholder Intelligence Service** (see below).

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 25 most actives and NYSE/NASDAQ/AMEX greatest percentage losers and percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Last session’s most actives showed 14 advancers versus 11 decliners. Volume leaders were led by Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619), Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), ACE Ltd. (NYSE: ACE) (streaming research for ACE available at http://investrend.stocksmart.com/ri/toc?tid=75), the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for QQQQ available at http://investrend.stocksmart.com/ri/toc?tid=1044870), Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652), YRC Worldwide, Inc. (NASDAQ: YRCW) (streaming research for YRCW available at http://investrend.stocksmart.com/ri/toc?tid=7771), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456) and the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233).

The FirstAlert(tm) Economics Calendar lists Initial Jobless Claims (8:30 am ET); Producer Price Index (PPI) for June (8:30 am ET); Empire State Manufacturing Index for July (8:30 am ET); Industrial Production & Capacity Utilization for June (9:15 am ET); Philadelphia Fed Index for July (10 am ET).

The FirstAlert(tm) Earnings Calendar lists AMD Advanced Micro Devices Q2 2010; AKSJF.PK AK SBEREGATELNY BK SBERBANK Q2 2010; ALHHF.PK ALCO HOLDINGS LTD Prelim 2010; AXFOF.PK Axfood AB Q2 2010; BHAUF.PK Bauhaus International (Holdings) Ltd Prelim 2010; BSDM BSD Medical Corporation Q3 2010; CBST Cubist Pharmaceuticals, Inc. Q2 2010; EXP EXPERIAN Interim 2009; FCS Fairchild Semiconductor International, Inc. Q2 2010; FEIM Frequency Electronics Inc. Q4 2010; GOOG Google Q2 2010; JOEZ Joe's Jeans Inc. Q2 2010; JPM JPMorgan Chase & Co. Q2 2010; KED KAYNE ANDERSON ENERGY DEV CO Q2 2010; KGAUF.PK KONGSBERG AUTOMOTIVE ASA Q2 2010; LLEN L & L ENERGY INC Q4 2010; LBAI LAKELAND BANCORP INC Q2 2010; MBOFF.PK M1 Limited Q2 2010; MTOX MEDTOX Scientific, Inc. Q2 2010; NXY Nexen Q2 2010; NVS Novartis AG Q2 2010; PBCT People's United Financial Inc. Q2 2010; PLCM Polycom Incorporated Q2 2010; PPG PPG Industries Q2 2010; SSGFF.PK Samsung C&T Corporation Q2 2010; SKFRF SKF AB Q2 2010; TCB TCF Financial Corporation Q2 2010; TYOTF.PK TOYO TANSO CO LTD OSAKA Q4 2010; VMI Valmont Q2 2010; VCIHF.PK Victory City International Holdings Ltd Prelim 2010; GWW W.W. Grainger Q2 2010; WWW Wolverine World Wide Inc. Q2 2010.

(Go to http://www.financialwire.net/2010/07/15/earnings-posts-2/ for direct links to exchange listings as well all as of today’s earnings release listings.)

Website of the Day: http://www.candyusa.com/

Quote of the Day: "Doctors are the same as lawyers; the only difference is that lawyers merely rob you, whereas doctors rob you and kill you too." — Anton Chekhov (01/17/1860 – 07/15/1904), Russian playwrite.

Word of the Day: spoor \SPOHR\, noun: A track or trail, esp. that of a wild animal pursued as game. verb: 1. To track by or follow a spoor.

In context: “There are occasions in a hunter's experience when a spoor begins hot and true and then fades.” — Wilbur Smith, A Sparrow Falls.

(Spoor derives from the Afrikaans word for trace. It is related to spurn.)

Today is: Gummi Worm Day (also see the wbsite of the day).

Happy Birthday: 1918 – Joan Roberts, American actress; 1922 – Leon M. Lederman, American physicist, Nobel Prize laureate; 1929 – Charles Anthony, American tenor; 1934 – Harrison Birtwistle, English composer; 1935 – Alex Karras, American football player and actor; 1943 – Jocelyn Bell Burnell, Irish astrophysicist; 1948 – Artimus Pyle, American drummer (Lynyrd Skynyrd); 1956 – Wayne Taylor, South African race car driver; 1961 – Scott Ritter, American UN weapons inspector; 1966 – Dimitris P. Kraniotis, Greek poet; 1973 – Kris Holm, Canadian mountain unicycling pioneer; 1977 – Kitana Baker, American model (Miller Light Catfight commercial); 1992 – Koharu Kusumi, Japanese singer (Morning Musume).

Today in History: 1207 – John of England expels Canterbury monks for supporting Archbishop of Canterbury Stephen Langton; 1741 – Alexei Chirikov sights land in Southeast Alaska. He sends men ashore in a longboat, making them the first Europeans to visit Alaska; 1799 – The Rosetta Stone is found in the Egyptian village of Rosetta by French  Captain Pierre-François Bouchard during Napoleon's Egyptian Campaign; 1815 – Napoleonic Wars: Napoléon Bonaparte surrenders aboard HMS Bellerophon; 1838 – Ralph Waldo Emerson delivers the Divinity School Address at Harvard Divinity School, discounting Biblical miracles and declaring Jesus a great man, but not God. The Protestant community reacts with outrage; 1916 – In Seattle, Washington, William Boeing and George Conrad Westervelt incorporate Pacific Aero Products  (later renamed Boeing); 1929 – First weekly radio broadcast of the Mormon Tabernacle Choir radio show, Music and the Spoken Word; 1955 – Eighteen Nobel laureates sign the Mainau Declaration against nuclear weapons, later co-signed by thirty-four others; 1959 – The steel strike of 1959 begins, leading to significant importation of foreign steel for the first time in United States history; 1979 – U.S.  President Jimmy Carter gives his famous "malaise" speech, where he characterizes the greatest threat to the country as "this crisis in the growing doubt about the meaning of our own lives and in the loss of a unity of purpose for our nation."; 2003 – AOL Time Warner disbands Netscape Communications Corporation. The Mozilla Foundation is established on the same day.

==========

**FirstAlert(tm) is underwritten by Investrend Communications. Today’s Investrend featured partner is ShareIntel(r) Shareholder Intelligence Services: Manage Wall Street. Don’t allow Wall Street to manage your company. Know who’s holding, buying and selling your company’s stock.  Don’t “fly blind.” Know who’s buying your competitors’ stock.  Don’t miss opportunities. The publicly-traded market offers great potential rewards, but those rewards don’t come easily.  Today’s market landscape is tougher to navigate than ever before − and it’s simply a fact that numerous companies do not survive. That fact is even more true for lesser-capitalized and development-stage public companies. The ShareIntel(r) program provides concrete, actionable solutions that give such companies an immediate and formidable competitive advantage. Without liquidity and a properly-valued, protected share price, a public company is enjoying none of the benefits of being a public company while still having to do all the work of being a public company. That’s the bottom line:  Liquidity.  And a properly-valued, protected share price. ShareIntel(r) suite of solutions gives a public company what it needs to accomplish those key objectives − and to thrive, instead of just survive. For more information write to resources@investrend.com with “ShareIntel” in the subject line.

==========

FirstAlert(tm), published exclusively by FinancialWire(tm), was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend or of FinancialWire(tm).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” webpage (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Disclosure: Frank Kollar’s Fibtimer.com Stock Timing Strategy does not hold a position in Radioshack.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[ssryrsyr] [frstlrtrlts] [frstlrtdlycmmt] [ssryrsyr] [kllrfby] [cmmtry] [tchnlf] [mrktqr]