John Pilger as he appears in the New Statesman

John Pilger, photo from his website

Radicals? Or Are They Right?

Yesterday several of you made comments and suggested listening to views that mainstream US media ignores or would call Left wing radicalism.  Are they Right?

  • Jeremy Scahill – (from Sherwehe ) – An Independent journalist – We really have 189,000 troops & mercenaries on the ground in Afghanistan now. “Obama administration blows the Bush administration out of the privatized water.” LINK
  • Matt Taibbi(from M ) – Rolling Stone reporter on The Great American Bubble Machine How unregulated free markets have caused financial disaster. (yep we’ve referenced him before) LINK
  • John Pilger - (from Bob Sadinsky ) Australian who twice won British journalist of the year award. “What Matters Above All is The Class One Serves” Obama says one thing and does another.  One powerful video LINK & “Obama’s most audacious lie is that Afghanistan today is a “safe haven” for al-Qaeda’s attacks on the West. LINK

I know that there are many of you who read this blog and are more conservative or major Obama supporters – You often email me. If you remain silent one can only assume that YOU think Scahill, Taibbi, and Pilger are right. These three authors have pretty much shredded Obama’s foreign and financial policies , and even called him a “liar” and “hypnotist.” Are they right?

Did the US military launch a quit coup in the USA and is Obama part of it?

Note if you have technical trouble in publishing a response on the blog send it to me and I’ll publish it.

Jeremy Scahillmatt taibbi

Jeremy & Matt

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!

Index Percentage Volume
Dow +0.43% flat
NASDQ -0.21% down
S&P500 +0.32% down
Russell2000- -0.09% -

Investors411 record – 5 years of beating benchmark S&P 500 and almost all major US indexes

Technicals, Fundamentals & Analysis

See Positions , Strategy , and Overview for changes made over weekend.

Again a late rally lifted stocks.

  • McClellan Index at +31.70 = A bit overbought.   There is still some wiggle room for US stocks to move even higher before they reach @+60 or overbought territory -  There’s a long way to go till we reach @-60 or oversold.

The McClellan Oscillator is showing less room for upside gain.   However, technically this chart shows a series of 4 higher highs and a solid base at zero – It’s bounced 3 times off this number and is now a short term buying point.

Earnings season has begun – Alcoa’s report disappoints  and Chevron warned. Not good fundamental news to start the day

The long term bull is trend is firmly in place, but we are too close to overbought territory. Bigger risk to the downside in the short term. Look for US markets to get spanked today

Positions

The  Positions Section (also at top of blog) has the latest buys and sells (Usually updated over weekends)

These are positions I actually own

SELLING & BUYING

Bought a 1% of portfolio position in IMAX – at 13.9

YOUR Watch List of Stocks . Unfortunately, I’m not daily checking these stocks out. Ideally, you’d like to McClellan index below zero (the further the better) and these all would be better buys. We developed these potential stocks about two weeks ago. Check old Investors411 for more.

  • IMAX
  • SEED Broke out to new high yesterday Missed buying opportunity as the stock formed a short term base – Mistake Would buy a dip
  • AAPL forming a base near top. If markets move higher so should AAPL
  • AMZN a buy the dip opportunity. Again will move with market.
  • HMIN Recently broke out to a new high Possible buy the dip.
  • CAAS Exploded to new high last week in huge volume. Too over extended to buy
  • PCLN Possible buy the dip opportunity
  • F Huge rally. Way too over extended to buy
  • DRWI

SEED, HMIN, PCLN, & AAPL seem like best choices – But would like overall markets to be more over sold before buying. SEED is the stock that seems to have the best possibility this second. I’m not as comfortable with individual stocks as ETF’s.

See POSITIONS (scroll down) for details on this and what’s under consideration for 2010.

Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING!

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