YOUR Stock List - Paul R reports in the comment section that the entire list is up +19.85% since inception about 7 weeks ago & +0.77% yesterday.
Ghost Towns – Could be Foreclosureville in the USA & the US stock exchange’s volume figures
But its Ordos China -See more Photos at link.
Mental Health Break – Dancing
My wife sent me this 5 minute You Tube VIDEO on dancing from Fred Astaire to today. – Turn up the volume & Enjoy
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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
| Index | Percentage | Volume |
|---|---|---|
| Dow | -0.44% | down |
| NASDQ | -0.48% | down |
| S&P | -0.57% | down |
| Russell 2000 | -0.41% | - |
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Technicals, Fundamentals & Analysis
Investors411 record – 5 years of beating benchmark S&P 500
Mantra for September - ”The Black Box/High Frequency Traders BB/HFT control the majority of trades. CNBC’s Jim Cramer -”BB/HFT make up 80% of trades.”
US Markets
It’s a Ghost Town out there. – No Volume. The occasional talking head on one of the financial channels saws now that we rallied retail investors will come back into the market. Don’t hold your breath.
US markets gave up @ 1/4 of Friday’s rally in extra low volume. Giving up 1/2 the gains is a bearish sign. 1/4 in lower volume might even be considered bullish except the fall came in the last half hour of trading. This gives bears a slight hope.
Bottom Line- Ghost town- Have “Wall Street firms and their partners in crime across the financial industry now engineer virtually all market movements.…killed the goose that lays the golden egg…the retail investor.” LINK to editorial by Ken Hasner
Significant Indexes
- The Dollar (USD) [Anything daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] The dollar fell -0.07% yesterday. After sharp two week fall some sort of consolidation is to be expected. Short term trend is neutral But longer term trend for stocks = Bullish
- The Baltic Dry Index (BDI) [measures cost of world trade. Also proxy for China & emerging markets] Rose a tiny 0.29% yesterday. An 8 week bull run, then a two week fall, now pushing higher. Could be return to bullish trend. But for now = Neutral
- McClellan Index – (MO) [The rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks.] Our top forecasting tool & by no means the only one, fell to -1.88. Location= NEUTRAL
Reading Tea Leaves
The MO – The chart of the MO shows a series of lower highs and lows. The MO would have to go below -20 to continue the bearish pattern. So -20 is again setting up as an important support level.
One interesting fact is the MO is near zero and stocks are near a 4 month high. The MO should be close to/above +60 or overbought. Bullish sign
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)
Longer Term positions -
- EWS (Singapore) 2% trailing stop loss on 50% of position/ 4% trailing stop/loss on the rest.
- USO (price of oil/commodity).
- SSO (2x what S&P does- this ETF is more a trade that may turn into an investment) I now have a 2%trailing stop on 1/2 this trade and a 4% on the rest.
- TYH (3X technology) Bought at market open for 33.48. For today have stop/loss at 33.49.
YOUR Stock List – Paul R reports in the comment section that the entire list is up +19.85% since inception about 7 weeks ago & +0.77% yesterday.
Pigs get Slaughtered – There’s a whole bunch of strong support levels on the benchmark S & P 500 we have to break down through, there’s a neutral MO, and the Fed printing and throw into cash into play that will cause a further drop in the dollar. All amo for bulls.
But gee a 20% profit and earnings season is around the corner. So lets stop & think. Don’t let your stock/ETF get over extended. Remember IMAX got up to +65% profit and way above its 50 DMA. Then is crashed back down to a much smaller gain. We sold for a handsome gain. Granted the MO soared above +60 too.
Don’t let your stock/ETF stray too far or get too greedy. Yes there still looks like there’s room for the manipulators to run the markets higher.
Obviously the CAUTIOUSLY BULLISH Longer Term Outlook is a signal of better stock prices in future.
But Remember – US equities are being engineered and manipulated by our financial industry. To blindly hold and wait for long term profits is asking for trouble.
Longer Term Outlook - CAUTIOUSLY BULLISH
AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!
