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Et Tu Barack

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Pac Man


This week Obama confirmed he’s part of the Oligarchy that is tearing American democracy apart and transferring trillions of dollars of wealth from the vast majority of Americans into a kleptocratic American aristocracy.

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Obama Endorsed

Super PACs This Weeks

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Some of the best editorial

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There are a few rays of  democracy/sunshine

left in America’s political system

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Elizabeth Warren (D) and Scott Brown (R) in Massachusetts have agreed NOT to allow Super PAC money in their campaigns.

Warren and Brown’s Pledge May Not Hold up, but

Lots  of us will keep up its fight for Democracy.

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STOCKS

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  • Market Fundamentals driving stocks have NOT changed in any dramatic way. Of course, they can in the future.
  • A “healthy” 2 to 5% technical correction seems like it could happen.  Paul pointed yesterday to AAPL  (overextended/climax selling) as a probable cause for a technical correction.
  • Right now I view this as a buying opportunity.
  • Still CAUTIOUSLY BULLISH

Barr

Paul’s Corner


Hit the top?

I learned from my good friend Ian Woodward (HGSI) a long time ago to let the market tell you which way the market is going rather than  guessing. Each evening I take a quick look at the market to see if we have any signals as to which way the market is heading.  After the close yesterday, HGSI gave us the first update of the evening about 5:30 ET and within a minute or two I knew where the market went and the possible direction it is going. Here are a few of the notes I scribbled down on my note pad.

VIX up 2.6% today, Russell small caps off while Naz 100 up, Consumer Staples top of the list today, looks like flight to quality. MO on the S&P 1500 fell to near zero. No major damage to YSL. Stay away from SIMO! All HGSI Indicators for SIMO are red!

So it appears the money is heading for security. Pre market futures are down and the rest of the world has been trading off over night. The last few days the markets have struggled to finish positive and many high flying stocks closed off with profit takers emptying the till near the close. So will we trade down or up today? Um ask Barr I don’t know, but I will be ready to protect my profits. Buying new long positions at the time takes some real guts which I don’t have!

As I have mentioned several times, HGSI and EdgeRater are giving a great video class series on using the two products for superb market analysis.

Ian Woodward gave an excellent 45 minute presentation this week on how he analyzes which way the market is going by following %B and his new proprietary “Woody” indicator. This video is classic Ian and he gives you the whole basket of what to look for in the market and how. A long time market guru, one of the sharpest folks I know and a great teacher, here is the link to his video:

IAN WOODWARD VIDEO

This video class series is still going on and available for you to participate. While taking the classes you get free use of HGSI and EdgeRater software.  If you are serious about developing your investing skills, this is one class you need to take, and for crying out loud, IT’S FREE!

HGSI Course Register:

My favorite high demand stock search produced the following results for Thursday Feb. 09,

HIGH DEMAND  LINK

As always please make your own trading decisions. All comments above are based on chart action and if you think I can read the charts, I have a bridge I can get you a great deal on!


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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.



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