Our Manipulated “Free” Press

Every bankster in the USA has one “Get out of Jail Free” card courtesy of the politicians in the Federal government, their close symbiotic relationship with the agencies that are supposed to regulate them and a press that rolls over in adoration when they interview a them.

Yesterday Britain’s top banker echoed the cry that those that had benefited so greatly and cause so much economic devastation should be held accountable.

Today Al Jazeera (another outside the USA media outlet) runs the Feature Editorial entitled Will the Banksters Get Away With It? In it author Danny Schechter offers ten reasons why Wall Street ‘criminals’ get ‘bail-outs and not ‘jail-outs’ or never get punished.

Is Matt Taibbi or the issues that so many brought up about “banksters  and the privileged class  getting big coverage on network news or right wing outlets – NO

Remember Climategate?

Limbaugh\'s "universe of reality"

Some stolen emails from just one university that did research into climate change supposedly proved global warming was a hoax. Now this got big coverage.

Since then, not one, not two not three, not for, but five independent studies have proved that their was “no credible evidence”

However, the climategate story befits the privileged classes who would NOT profit from cleaning up pollution.  The media and politicians promoted climategate with a avalanche of media reports. Yet almost nothing on climategate itself being a proven hoax.

This is the reality of what passes for news in the USA – A get out of jail free card if you are in the privileged elite and media a media drowning if you dare stand up against them.

Climategate, birtherism, unions blamed for everything, death panels, – you name it. It all passes for news

David Roberts concludes in What We Haven’t Leaned from Climategate

“U.S. politics now contains a large, well-funded, tightly networked, and highly amplified tribe that defines itself through rejection of “lamestream” truth claims and standards of evidence.”…hyped relentlessly by right-wing media, bullied into the mainstream press as he-said she-said, and later, long after the damage is done, revealed as utterly bereft of substance. It’s a familiar script

So its little wonder that trillions stolen, lost, and looted by banksters gets no attention and phony controversies are hyped over and over again in the US media do.

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KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at Investopedia.com dictionary

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

DOUBLE CHECK ALL DATA, I MAKE MORE THAN GRAMMAR MISTAKES

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Index Percentage Volume
Dow +0.07% down
NASDQ +0.39% down
S&P 500 +0.16% down
Russell 2000 +0.47% -

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Technicals, Fundamentals & Analysis

Investors411 record - 6 years of beating benchmark S&P 500

BUBBLE-ICIOUSInvestors411 term for the stock market – We are all riding on the outside of an ever expanding &  Central Bank manipulated stock bubble. See Investors411 STRATEGY section for more

  • The same old Fed manipulated stock bubble building trading pattern of small gains in small volume was back after taking a body blow the day before
  • The impact of higher oil prices around the world has become a threat to globalized growth and US markets have not yet decided the impact higher oil prices
  • Oil prices exploded  again to over $100 dollars a barrel. The highest price since Sept. 2008
  • Yesterdays a confirmed the breakout in oil. Prices above $100 will have a bigger impact on emerging markets than the USA. So the longer prices stay high the worse it is for the economy.
  • Stocks, can of course, can still be manipulated higher by the Fed’s quantitative easing.
  • An independent ADP jobs report gave a surprisingly good number for last month +214,000. In a manipulated market good job news means less likelihood of Fed manipulation in the long term. So news is mixed for stocks.

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Shorter Term Forecasting Indexes

  • The Dollar (USD) [Any daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] Dollar fell a significant 0.49%  yesterday . Oil prices now are by far the #1 forecasting index (see below) For stocks dollar short term trading pattern = Bullish
  • McClellan Index - (MO) [The very rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks .] Rose to -5,52. Over the last three months the new parameters seems to be +/- 30 as an overbought/oversold level. MO Stocks outlook = Neutral

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Reading The Tea Leaves

Yesterday – A Danger Will Robinson Danger Danger moment is here.  The potential for a quantum shift in the outlook of the US and more importantly the world economic picture is upon us because of higher energy prices.”

Sustained higher oil prices will shave GDP growth is emerging markets faster than more established markets like the USA. But both will feel the pain if prices remain high.

At some point even a manipulated US market, is going to start to feel the impact of higher oil. Today? Tomorrow? Next week? Next month? or down the road.

The dollar is falling and this does give bring up two important points.

  • Dollar goes down and profits for US globalized companies go up.
  • We are experience a MAJOR crisis and investors are NOT buying the dollar for protection.

What to watch today

  • USO - ETF for oil - Oil up = stocks down
  • UUP - (Tracking ETF for dollar) Remember - The dollar is a contrarian indicator. Bad dollar = good stocks
  • AAPL – Bounced off its 50 DMA support level. As long as it hangs in above that everything OK

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Positions

The Positions Section link to latest & former buys and sells  - These are positions I actually own

(I do manage 6 accounts that have other positions).

Current ETF Positions(oldest held positions listed first)(see comments section where all trades are first announced)

  • REMX (1/2 position, took 5+% profits already)
  • RJA 1/2 position, took 5+% profits already)
  • UCO -Bought yesterday AM on dip at 52.03 – Up over 4% yesterday.

Another 3% trailing stop today on both REMX & RJA today.

Will sell 1/2 of UCO if profits exceed 5%. 5% trailing stop on UCO.

Will post when I buy/sell in comments section of blog.

UCO -(2x oil prices)  Buy the dip. Why not, its a hedge against higher gas prices.

REMX (Rare Earth ETF) - Really believe this a good long term holding.  Hopefully longer term holding.

DGP – (ETF is 2X gold) . Set to follow silver and approaching breakout. Broke out to new all time high. Buy now or on small dip.

DBC – (Commodities ETF) For a more complete list of commodity ETF’s see POSITIONS listed at top of blog  DBC is tilted to energy. Perhaps preferable or a good alternative would be *DJP that is more agriculture and metals – Both DBC & DJP are on breakout runs. Buy the dip.

RJA (Agriculture commodities Index)An ETN, not an ETF. Hopefully longer term holding. .

UWM (2x small cap stocks) TNA (3X small cap stocks)

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Look for Paul R’s always enlightening remarks on stocks and sectors in the comments section of the blog. See ”POSITION“ section of blog (at top of page) for lists of potential stocks & ETF’s including ”YOUR Stock List.” (YSL#4 is under construction.)

Longer Term Outlook - CAUTIOUSLY BULLISH

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

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