32,500

(NYPD Estimate, Others say more)

Athens Action

The size of last night’s peaceful OWS demonstration.

in NYC

CNN - “OWS Grows Larger Events held 50 cities throughout the USA and more across the world.


“Our political system should serve all of us — not just the very rich and powerful. Right now Wall Street owns Washington,” said participant Beka Economopoulos. “We are the 99% and we are here to reclaim our democracy.”


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I’m 28 years old. I have a good job, health insurance, no debt and my family is doing well. My life is good and I strive to be a good person. But you don’t have to have cancer to want to cure it, do you? Greed has become cancer on the American dream. It is a cancer of our own creation. I am the 99% and I allowed this to happen, whether by apathy, ignorance or false hope. I accept responsibility. But I will not accept defeat. OCCUPY WALL STREET.

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[Thanks to SHerwehe for the heads up on this map]



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STOCKS

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The Whole Financial World is Skating on Thin Ice

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Like in the Wizard of Oz I don’t know how long the man(men) behind the curtain can keep holding our fundamentally flawed financial system together.

If/When the ice breaks on the opaque, deregulated, & manipulated financial system great danger lies below.

Downside risk grows every day, because little is being done about fixing the root cause of our problems.

Yesterday - Options expire today and yesterday’s loss (@ 1 to 2%) was exacebated by traders covering their positions and juice by the omni present HFT’s.

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Reading The Tea Leaves

Our #1 technical forecasting tool, the McCellan Oscillator fell to -51.75. 50DMA at +19.28 = Neutral/ Bullish

From Yesterday - However if you read the MO like a chart it has just broken a support level and that’s Bearish

Europe again dictates the open This makes holding stocks overnight very risky. If you can handle an event driven market where your stock/ETF/mutual fund jumps 2 +% up or down at the open then this market is for you.

Germany up 0.13% at 9:05 AM EST

The major danger is commodity prices fell like stones yesterday. Today is a confirmation day of yesterday’s fall. Stocks will NOT rally if commodities continue to fall

  • Copper -3.5%
  • Oil – 3%
  • Gold – 3%
  • Silver 7 %

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Put/Call Hedge Trade

[ Straddle or Combination Trade]

Investors411 will continue to focus on this style of trade because -

  • Its focus is on volatility – One consistant trend for stocks
  • You can win if a stock goes up or down
  • It is driven primarily by a single event (earnings release)

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YOUR Stock List

Today at 4:00 PM EST marks the deadline for emailing me YOUR choices for YSL #7 For more  - LINK .

YSL  has outperformed the market 5 out of 6 times.

YSL wins because YOU participate.

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Positions

Hopefully Longer term positions.

We just can not seem to get traction on any long term trend, besides volatility.


GLDDGP is the more risky double long gold ETF. 1/2 position added at 173.85. Currently at 167.43. Placing stop at 165.20. The MAJOR mistake here was NOT buying on the dip. Will exit near close if GLD is down 0.5% near end of day. This would indicate confirmation of downside move.

USO(2x oil prices ETF UCO riskier) This would be a replacement for SPY. Bought 1/2 position at 37.35. Currently at 38.23. Placing Stop at 37.35, but will exit position on a  loss near 0.5% near end of day. This would indicate a confirmation of downside move.

I personally own EUO (double short the Euro currency) I will be buying EUO on the dip for the Investors411 portfolio.

Reasoning – Simple Europe has a lot of unsolved problems and this is going to hurt their currency.


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Longer Term Outlook

3+ months

The benchmark S&P 500 support level at @1225 fell yesterday. Therefore, Investors411 is downgrading the long term outlook to NEUTRAL.

NEUTRAL


Investors411 has 5 different valuations - BULLISH, CAUTIOUSLY BULLISH, NEUTRAL, CAUTIOUSLY BEARISH, and BEARISH.

Everything written in BROWN is a repeat from a previous day(s)

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMER ERRORS.


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