New York, New York (PRWEB) April 10, 2013
John Thomas Financial is proud to announce the release of Wayne Kaufman's weekly report, which can be found on John Thomas Financial's blog.
Wayne S. Kaufman, CMT, is a licensed Securities Analyst registered with FINRA (The Financial Industry Regulatory Authority). In addition to doing fundamental financial analysis, Mr. Kaufman specializes in technical analysis.
Mr. Kaufman is the Chief Market Analyst at John Thomas Financial in New York City.
Mr. Kaufman is interviewed regularly on CNBC and the British Broadcasting Corporation, and he is frequently quoted in major financial publications such as the Wall Street Journal, Barron's, and Reuters.
He is a member of the MTA (Market Technicians Association) and holds a CMT (Chartered Market Technician) designation from the MTA. Mr. Kaufman has taught level 3 of the MTA’s three-level online course for CMT candidates.
Stocks had a rough week in spite of the S&P 500 making a new high on Tuesday as investors reacted to more worse than expected economic indicators. In this case it was employment news from ADP Wednesday, followed by Jobless Claims Thursday, and Payrolls on Friday. Soft economic news began being reported in mid- March, and investors are concerned that this has become a trend. Last week’s selling was broad based with all major indexes showing losses. The downside was led by the Dow Transports, with a loss on the week of 3.48%, followed by S&P Midcaps, down 2.58%, and S&P Smallcaps, down 2.38%. The S&P 500 lost 1.01% as large caps continued their recent outperformance.
Industry groups were mostly lower with only eight of the twenty-four S&P industry up last week. The leaders were Telecom Services, up 2.40%, and Real Estate, up 2.31%. The downside was led by Automobiles & Components, down 5.19%, Semiconductors & Equipment, down 4.26%, and Technology Hardware & Equipment, down 3.52%.
I, Wayne S. Kaufman, hereby certify that all of the views expressed in this research report accurately reflect my personal views about any and all of the subject issuer(s) or securities. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.
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About John Thomas Financial:
John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index, a unique daily indicator that looks at government spending and its impact on the financial markets, The Kaufman Report, a weekly technical stock market analysis, and The John Thomas Financial Economic Outlook, a report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences.
The information provided in this publication is for informational purposes only. Investors should consider this report as only a single factor in making their investment decision. This informational report is not an offer to sell or a solicitation to buy any security. This report has been prepared as a matter of general information. It is not intended to be a complete description of any company, and is not an offer to buy or sell any security. All facts and statistics are from sources believed to be reliable, but are not guaranteed as to accuracy. Before acting on the materials herein, you should consider whether it is suitable for you particular circumstances and, if necessary seek professional advice investments involve risk and an investor may incur losses. Past performance is no guarantee of future performance. Trading and investment decisions are the sole responsibility of the reader.