(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.”



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.



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







The Whole Financial World is Skating on Thin Ice


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.





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 %



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)


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.





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.


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.


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)




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