Paul Ebeling on The ALLSTATE Corp. (ALL), Bank of Ireland (IRE), JDS Uniphase Corporation (JDSU)

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Paul Ebeling on The ALLSTATE Corp. (ALL), Bank of Ireland (IRE), JDS Uniphase Corporation (JDSU), and Key Corporation (KEY)

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The Red Roadmasters US Market Monthly Re-cap + Stock Talk

1 April2010 Date Line: Hong Kong (SAR) ChinaYou can now follow us onTwitterplease go tohttp://twitter.com/EbelingHeffernaand join in.Reds BullAlert:Strong March closes out a Strong Q-1 Y 2010, as the benchmark S&P 500 tallied up its 4th straight quarterly advance, and the biggestQ-1 gains in more than 10yrs.Re-cap of the US Stock Market Action for the session ending 31 March2010On the 1stQuarter:The S&P 500 is up 72.9% fromits March 9, 2009 bottom. For Q-1, and for Y 2010 as well, the DJIA is up 4.1%, the S&P 500 is up 4.9%, and the leading NAS is up 5.7%.On the Month of March:the DJIArose 5.1%, the S&P 500 gained 5.9% and the leading NAS tallied up a + 7.1%On the Day:US Stocksslipped onWednesday ona1-2 punch from ADP Employer Services data showing US private-sector employers cut some jobs in March+ a separate report that showed US Midwest business activity expanded less than expected in Marchleading someinvestors to lock in profits in the strong performing sectors, such as consumer discretionary shares, which rose 10% + in Q-1.The DJIAslid 50.79 pts, or 0.47%, to close at 10,856.63, the S&P 500 lost 3.84 pts, or 0.33%, to close at 1,169.43, and the NAS tallied up a minus 12.73 pts, or 0.53%, to end the session at 2,397.96.From my POV I (including my mate Shayne Heffernan at LTN and lots of others too) expectQ-2 to get off on solid footing on the performance of the upcoming earnings season's results which will likely be stronger that expected.A legal ruling in U.S. oil giant Chevron's favor helped drive the DJIA component's stock up 0.7% to US$75.83, limiting the Dow's decline, andsignaledplayers to buy energy-related shares. A jump in Crude Oil's price above US$83 bbl to its highest close since October 2008 helped the energy sector too.This Rally has inspired some investors to trim some of their stock bets(they will be back there is no other place for the money).Investors pulled US$926M from domestic stock funds in the week ending March 24, the first draw down since the week ended March 3, according to the Investment Company Institute.

Advancing Sectors: Energy (+0.4%), Financials (+0.2%)Declining Sectors: Consumer Discretionary (-0.8%), Tech (-0.6%), Industrials (-0.6%), Consumer Staples (-0.5%), Materials (-0.5%), Telecom (-0.5%), Utilities (-0.3%), Health Care (-0.3%)Volume and Breadth:About 8.47b/shrs traded on the NYSE, the AMEX and NAS, below last year's estimated daily average of 9.65b/shrs. Decliners beat advancers on the NYSE by 3 to 2,andon the NAS, about 8 stocks fell for each5 that rose. Market Indexes Technical AnalysisDateSymbolPriceTechnical AnalysisSupportResistance

Mar-31-2010QQQQ48.16Bullish (0.26)48.1149.00

Mar-31-2010DIA108.61Neutral (0.20)107.21108.63

Mar-31-2010SPY117Neutral (0.20)116.97118.71

Stocks to Watch TodayThe ALLSTATE Corp.(ALL),Bank of Ireland (IRE),JDS Uniphase Corporation (JDSU), andKey Corporation (KEY)

The Allstate Corporation (ALL)Up-date 3 Last Look: December 21, 2009 April 1, 2010 PaulA.Ebeling,Jnr.AnalystToday, lets look atThe ALLSTATE Corp.(ALL),the large US insurance company,from a Technical POV. The overallindications,after Wednesdays (March 31) market action, areBullish.: in the near termVery Bullish,mid-termBullish,and long termVery Bullish. The recent candlestick analysis is:Very Bullish.

http://www.stockta.com/cgi-bin/candle.pl?symb=ALL&size=analysis**Chart by:http://www.stockta.comLatest Newsand Opinion:The Allstate Corporation Earnings Conference Call (Q1 2010)
Scheduled to start Thu, Apr 29, 2010, 9:00 am Eastern

http://biz.yahoo.com/cc/5/112145.html

Wednesdays Market ActionClose 32.31 + .25Volume 3,572,900/shrsThereis a Bullish Engulfing Candle on March 31 and one Gapopenup on February 16 at 29.59/29.85,the near term resistance is NIL, support at 32.13, and the 50 day (EMA) exponential moving average is 31.09This isThe Allstate Corporation (ALL):the company engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. It operates in two segments: Allstate Protection and Allstate Financial. The Allstate Protection segment sells private passenger auto and homeowners insurance underEncompass and Deerbrook brand names primarily through agencies. Allstate Financial segment provides life insurance, retirement and investment products, and voluntary accident and health insurance products to individual and institutional customers. Its principal individual products comprise deferred, immediate, and indexed fixed annuities; interest-sensitive, traditional, and variable life insurance; and voluntary accident and health insurance. This segment markets its products through multiple intermediary distribution channels, including agencies and financial specialists, independent agents, banks, broker-dealers, and specialized structured settlement brokers. The Allstate Financial segment also offers various banking products and services consisting of certificates of deposit, money market accounts, savings accounts, checking accounts, and agency loans. The Allstate Corporation was founded in 1931.Competitive LandscapeDemand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effectivemarketingand on the ability to accuratelyestimate future payments. Large companies have bigeconomies of scalein administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Averageannual revenueper worker is around US$400,000,the industry is not labor-intensive.

Insurance Carriers Industry ForecastThe output of US insurance, which is an indicator for insurance carriers, is forecast to grow at an annual compounded rate of 1% between 2008 and 2013. Data Sourced: December 2009

Allstate Corp.(HQ)Thomas J. Wilson II,Chairman, Chief Exec. Officer andPresident,
2775 Sanders Road
Northbrook, IL60062
United States
Phone: 847-402-5000
Fax: 847-402-2351

http://www.allstate.com

Bank of Ireland (IRE) Up-date2Last LookJune 8, 2009 April 1, 2010PaulA.Ebeling,Jnr.AnalystToday lets have a lookatBank of Ireland (IRE),the troubled Irish Bank,from a Technical POV. The overallanalysisafterWednesdays (March 31) market action isNeutral: in the near termNeutral,mid-termBullish, and long termNeutral.The recent Candle Stick analysis is:Neutralhttp://www.stockta.com/cgi-bin/candle.pl?symb=IRE&size=analysis**Chart by:http://www.stockta.comLatest Newsand Opinion:Today's Big Gainers: IRE, MTG, PMIhttp://www.forbes.com/2010/03/31/todays-big-gainers-ire-mtg-pmi-marketnewsvideo.html?partner=yahootixWednesdayMarket ActionClose8.90 + 1.00Volume7,282,600/shrsThere are 2Gaps open up between March 4 and 31, 2010 at 5.67/8.21,the near term resistance is 9.95andsupportat 7.61andthe 50 day (EMA) exponential moving average is7.34.This isBank of Ireland (IRE):Bank of Ireland Group is a diversified Financial Services Group with market leading positions in chosen domestic markets and niche status in other selected markets. Headquarters in Dublin, profit generation is well distributed between Republic of Ireland (55%), UK (32%) and the Rest of the World (13%). IRE has a significant residential mortgage book of 44% of assets and 26% in property and construction lending. Only 4% of their book is dedicated to consumer lending. Deposit growth is up 19% from 2007 and remains one the most important themes of all money centers.Competitive LandscapeEuropean banking sector is in similar if not worst duress than that of the US. Controlling risk-weighted asset growth has become a challenge. The common theme of all money centers throughout the world is to strengthen capital base and drive up deposit growth. Building capital resources is a key management priority. Performance in this sector will be judged by managements ability to utilize a wide range of options to achieve these goals.

Bank of Ireland (IRE)Chairman and Chief Executive Officer; Mark V HurdLower Baggot Street
Dublin 2
Ireland
Phone: 1-661-5933
Fax: 1-661-5671http://www.hp.com

JDS Uniphase Corporation (JDSU)Up-date 5Last Look: December 7, 2009 April 1, 2010PaulA.Ebeling,Jnr.AnalystToday, letslook atJDS Uniphase Corporation (JDSU),suppliers ofnetwork monitoring and test instruments,from a Technical POV. The overallindications,afterWednesdays(March 31) market action, areVery Bullish: in the near termVery Bullish, mid-termVery Bullish, and long termBullish.The recent CandleStick analysis is:Very Bearish.http://www.stockta.com/cgi-bin/candle.pl?symb=JDSU&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion:Your First Move For Thursday April 1stPete Najarian thinksJDS Uniphase[JDSU12.52)http://media.cnbc.com/i/CNBC/CNBC_Images/componentbacks/watchlist_up.gif0.53(+4.42%)http://media.cnbc.com/i/CNBC/CNBC_Images/backgrounds/realtime_icon.gif] is abuy.http://www.cnbc.com/id/36117149?__source=yahoo|headline|quote|text|&par=yahooWednesdays Market ActionClose 12.52 + .53Volume 14,303,300/shrsThere is a DOJI on Marche 30 and 5Gaps open up between November 6, 2009andMarch 25, 2010 at 6.14/11.40,the near term resistance is NIL, support at 12.01, and the 50 day (EMA) exponential moving average is 10.39.This isJDS Uniphase Corporation (JDSU):Through a series of acquisitions, primarily suppliers ofnetwork monitoringand test instruments, the company reorganized into three main businesses. Communications Test & Measurement consists of JDSU's test and measurement instruments acquisitions. Optical Communications makes components, modules, and equipment used to build fiber-optic telecommunications, data, andcable televisionnetworks. Advanced Optical Technologies contains JDSU's Flex Products and Custom Optics businesses. JDSU sells to customers in the communications, commercial, consumer, and military markets.The Competitive LandscapeThe industry depends on purchases from businesses, telephone companies,cable companies, data communications providers, andTV and radio broadcasters. Profitability for individual companies is linked totechnical innovationand the ability to securehigh-volume contractsfrom large customers.Small companies can be successful if they make highly specialized products. There are large economies of scale in manufacturing standard products, but many products are specialized and produced in small manufacturing plants. Annual revenue per employee in a large plant varies fromUS$500,000 to US$1MM.

Telecommunications Equipment Manufacturers Industry Forecast

The output of US communication equipment manufacturing is forecast to grow at an annual compounded rate of 2% between 2008 and 2013.JDS Uniphase Corporation (HQ)Chairman Martin A. (Marty) Kaplan430 North McCarthy Boulevard
Milpitas, CA95035
United States
Phone: 408-546-5000
Fax: 408 546-4300http://www.jdsu.comtJDS Uniphase SubsidiariesAmerican Bank Note Holographics, Inc.da Vinci Systems, LLC

Key Corporation (KEY)Up-date 4Last Look: January 28, 2010April 1, 2010PaulA.Ebeling,Jnr.AnalystToday letslook atKey Corporation (KEY),a US financial services Giant,from a Technical POV. The overall analysis after Wednesdays (March 31) market action isBullish: in the near termBullishmid-termBullish, and long termVery Bullish.The recent Candle Stick analysis is:Neutralhttp://www.stockta.com/cgi-bin/candle.pl?symb=KEY&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion:KeyBank keeps branching out in WNY

http://buffalo.bizjournals.com/buffalo/stories/2010/03/29/daily34.html?ana=yfcpc

Wednesdays Market ActionClose 7.75 -.01Volume 6,360,100/shrsThere are noGaps up or down on the Chart, the near term resistance is 7.79, support 7.40, and the 50 day (EMA) exponential moving average is 7.24.This isKey Corporation:Key Corp is a US Financial services giant that focuses on relationship banking and retail operations, flagship subsidiary KeyBank operates more than 950 branches (KeyCenters) in more than 12statesin the USA. Its operations are divided into two groups: community banking offers local banking services including deposits, loans, and financial planning, while national banking provides real estate capital, equipment financing, and capital markets services to large corporate clients. Non-bank subsidiaries offerinsurance, brokerage, investment banking, and credit card processing forsmall businesses.

Competitive LandscapeDemand forbanking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends onmarketingskills, efficientoperations, and goodrisk management. Largeeconomies of scaleexist in some segments of the industry, which has encouraged industryconsolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry iscapital-intensiveand highlyautomated: annual revenue per employee is close toUS$300,000.

Industries Where KeyCorp CompetesSuperregional Banking(primary)Key Corporation (HQ)Chairman, President, and CEOHenry L. Meyer III127 Public Sq.
Cleveland, OH 44114-1306
United StatesPhone: 216-689-6300
Fax: 216-689-0519
Toll Free: 800-539-6070

http://www.key.comKeyCorp SubsidiariesKey Equipment FinanceDisclaimer

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