.

Open, Honest &

Accountable

.

Does It Matter?

.

..

It’s YOUR Democracy.

.

Should we have standards that demand openness, accountability, and honesty.

.

Let’s Look at some examples

.

__________

.

The Food We Eat

.

.

Should There be Standards?

.

________

.

The Medicines We Take

.

_

Should There be Standards?

________________

.

The Stocks We Buy

.

.

Should There Be Standards?

..

__________

.

The Politicians we vote for

.

.

Should There Be Standards?

.

George Romney, Mitt’s Father, set the standard by disclosing 12 years of tax returns.

He was open, honest, accountable and had

.

Nothing To Hide.

.

*******************

.

Bankstas

Honest, Open & Accountable?

.

.

Should There be Standards?…..

.

Should the Banking Cartel have special –

  • Too Big To Fail Banks?
  • Unregulated $600 Trillion Exchanges?
  • Their own Set of Accounting Rules?

PS – It’s hard to picture the polls, who rely on contributions from Big Banksta Cartel, throw Banksta friends in the Briar Patch

.

**********************

**********************

.

STOCKS

..

____________

.

Spain/Italy

.

.

The Two Euro Countries to Watch

.

Yesterday the Month Long Meltup

in Bond Yields REVERSED.

.

The reversal continues = Bulls Rule.


  • Italian 10 year bond yield is falling this AM, down 2.84% to 5.38% (8:00 AM EST) Well below the 7.00% Danger Zone but along with Spain in a month+ long meltup is a significant concern.
  • Spain’s 10 year bond yield moving in concert with Italy. Down this AM  1.61% to 5.78%.  Spain is more critical, because it is closer to 7.00%.

.

The Cavalry

.

.

Is that the trumpet sound of a Central Bank liquidity Cavalry charge driving down Spanish and Italian bond yields? From yesterday

A one day trend – you hear the sound of the trumpet.

Day two confirms day one move &

a three day fall in Yields would be the

Cavalry is in sight.

.

__________

.

Old Faithful

The McCellan Oscillator

.

  • Our #1 technical forecasting tool, the McClellan Oscillator (MO) rose to -60.87 (for more see  STRATEGY link at top of blog and scroll down) We are in oversold territory at @-60.   = Bullish
  • 6 month chart of MO. & a three year chart. Remember – The MO is best at calling tops and bottoms.  Check out the charts. Last dip was to - 85 in March, then -110 in November and then a 3 year low of -140 last April.

.

********************

.

.

What would make the budding Rally

turn into a

Stampede?

.

.

A better than expected earnings forecast from

GOOG & JPM.

.

GOOG reports after the bell today and JPM tomorrow before the bell. (WFC too)

Several of you are placing an expensive , but palatable, Put/Call option combination trade on GOOG with an expiration on the 21st, or in May. A JPM call seems palatable.

From Yesterday

“For those that can handle the risk

an opportunity to nibble.”

.

******************

.

Paul’s Corner

.

.

A brief look at

Your Stock List


Most stocks on the list took a hit these past few days. If a stock is on the 17 or near the 17 it can be played market conditions permitting. If it “broke the 50” caution should be observed, and ideally not purchased until above the 50.

Check the charts!

CMG – Sitting on the 17

DLTR – broke the 17 but now sitting on the 17

ENBR – on the 50 and 17 basing

FAST – broke down through the 50

FL – above the 50, below the 17

HD – on the 17

IMAX  – breaking down, broke the 50 ALL HGSI indicators are red.

IBM between the 17 and 50

KLAC  – just below the 17

LEN – between the 17 and the 50

MC – on the 17

MNST – above the 17

SWI -  below the 50 and the 17

TSCO – above the 17

URI – broke the 50, all indicators are red

The Home Builders have been a good play these past few months and two ETF’s, ITB and XHB are a good alternative to the individual stocks.  So what’s the difference between the two?

A few days ago, (April 9) Dave Steckler author of the etfroundup.com blog that many of us read wrote the following about these two ETF’s:

“Let me give you another example.  Last Thursday I discussed a long trade signal in ITB, the home construction ETF.  ITB is offered by iShares.  Another big ETF player is Standard & Poors, which offers XHB, the SPDR homebuilders ETF.  So is there a difference between the two and does it matter which one you buy?  It does, which is why you need to drill, baby, drill down and do your research.

ITB keeps roughly two-thirds of its assets in home building stocks and one-third in home furnishings, plumbing suppliers and white goods appliance makers.  XHB on the other hand does the reverse, making the home-focused retailers and suppliers the primary focus and the home builders a secondary focus.  So even though “home construction” and homebuilders” sound like they’re the same thing, they’re not.  Do your homework!”

Blog Link

Which ETF to buy? As Dave suggests do your homework, look at the charts, check the underlying stocks.

Was this just a great buy the dip opportunity or the start of a few months of correction? As Dave Steckler suggests “we will know in the fullness of time!”.

.*************************

******************

,

Longer Term Outlook

3 months+

.

A lot less Shaky

(Because of recent rally in Spanish/Italian bond prices)

CAUTIOUSLY BULLISH

.

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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