Psycho House

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SAVE THE INTERNET

Yesterday A District Court in DC ruled against “Net Neutrality” and handed over control of the internet to Comcast ATT and other cable providers. This gives big companies the ability to regulate internet traffic instead of it being FREE.

Will the Internet remain free? – “where anyone can create a Web site, post a video, start a business, or find the information they need without ISPs meddling with our traffic?” LINK

YOU CAN MAKE A DIFFERENCE. 1,700,000 have signed. Hopefully, millions more will signed this petition. We need to overwhelm the FCC with signatures to fight back. This is not a left wing or right wing issue (even the NRA & Christian Coalitions are involved on our side in this fight against big business) its all about FREEDOM. (Play video on right hand side of this link)

You have a little over 24 hours (9AM EST) to act before the public comment period closes.

Sign the Petition

https://secure.freepress.net/site/Advocacy?cmd=display&page=UserAction&id=437

After you sign the petition please please send it to your friends, paste it on Facebook, use twitter of whatever means necessary, but act to keep the Internet free.

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 -0.03% up
NASDQ +0.30% up
S&P 500 +0.17% up
Russell 2000 +0.55% -

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

Technicals, Fundamentals & Analysis

See Positions for changes made each weekend

Weak volume again, but leading indexes , NASDQ & Russell 2000) did manage to again outperform and slight gains. The slow, low volume melt up continues.

StockCharts (Its free & all you have to do is scroll down)) on one page carries links to charts and the daily performance of

  • Major Markets
  • Major Indexes
  • AMEX Select Sector SPDRs
  • US Industry Sectors
  • MSCU iShares – International
  • World Markets
  • US Bonds
  • US Commodities
  • Currencies
  • Market Breath
  • Bullish Percentage Indices

This is why Stockcharts is constantly rated #1 among free technical analysis web sits and Investors411 uses and recommends it.

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Significant Indexes

  • McClellan Oscillator fell slightly to +15.91 yesterday.  [+60 or above = Overbought = sell. -60 or below = Oversold = buy]. StockCharts has a better version of the McClellan chart ($NYMO)LINK. – This is NEUTRAL territory – technically neither overbought or oversold.
  • US Dollar – rose  +0.26% yesterday. [Anything over +/- @0.50 is significant.]Falling dollar good for stocks & rising dollar bad. We have a ways to go before we reach resistance levels of a week ago.

Positions

The  Positions Section = latest buys and sells – (Revised positions last weekend) - These are positions I actually own

YOUR Stock List

This list has been developed by YOU sending in your stock picks, we discuss them individually (usually by email) and if they are trending positively they get included in YOUR list. Thanks to many of you who have sent in choices. If you payed attention to the List published on each Tuesday, you’ll find a lot of winners. One way to back check this is to use the calender at the top of the blog – click on past Tuesdays. Sorry this week its Wednesday

Caution- This is just technical analysis and lots of other factors enter into a decision to buy or sell

NB -Last Week’s comments in black. This week’s violet. Chart links underlined in Blue.

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

  • CAAS –  China stock If you bought you won. Made higher high on chart. Pullback due. Rallied, then low volume  pull back yesterday. Some risk, but buy the dip
  • PCLN –   If you bought you won Consolidation due. Melting up – Buy the dip
  • F –   Looks like its running out of gas – too much downside volume – wait
  • *IMAX .  If you bought you won Overextended now, but you know the story – buy the dip. Melting up – Buy the dip
  • CSCO,  Will move with technology. Another winner, but weak volume suggest top is near – Wait Heavy volume dip weak volume recovery Other tech gains AMZN & AAPL look better.
  • SHOO –  HUGE winner - way too over extended to buy now, but buy a reasonable sized dip. Dipped and off to races again. Still buy the dip stock, but now getting riskier
  • ICON,   Another winner. Retreated yesterday in weak volume = bullish. A buy the dip stock. YOU won if you bought the dip. Now at breakout point but volume not increasing makes makesitit riskier buy
  • DGIT – At its resistance level - Potential breakout stock Pullback in weak volume is bullish. Another chance at breakout, but risky. Dipped and if you bought the dip you Won Weak volume rally – Too risky now.
  • VCI Dip in weak volume = bullish. Faces resistance, but potential breakout candidate. If you bought the dip YOU Won. a bit heavier volume on onupup days at resistance again. Risky buy
  • CREE –  A potential breakout candidate. Still a buy the dip stock. Huge 10% breakout rally in volume. Dipped yesterday. Should see another lesser jump higher after dip. Buy the Dip
  • SNDK –  Another Winner. now consolidating  A buy the dip stock. If you bought the dip YOU Won again. Dipped yesterday – each breakout usually gets weaker the closer together they are. riskier buy the dip
  • CTRP –  HUGE winner – Decent volume at new high. Over extended, but buy the dip. Could go either way but volume good on up days – some risk, but A buy the dip stock
  • CNAM China Stock, Breakout failed, now consolidating. Again more risky, but buy the dip

New plays that have similar 3d fundamentals as IMAX. Personally I’m more comfortable with this group because I believe in the fundamentals behind 3d technology. Some fundamental analysis included. Problem with these are their sales are not pure 3d plays.

  • DWA (Dreamworks) . Dragon’s did not live up to expectations. Big volume behind downside move. Only for short term players who want to buy elliptical downside bounce.
  • *CNK (Cinemark)   Think weekend Titan’s movie will bomb and hurt box office. Careful, but still buy the dip. Melt up in weak volume,(like IMAX) buy the dip
  • *RGC (Regal Entertainment) Too overextended  Same fundamental problem of Titans, but better movies coming up.  Still buy further dips. Moving higher at breakout/resistance level. Buy the dip

32 million new heath care customers (Obama/Pelosi health care bill) means some stocks are going to rally on this increased supply and the growing aging population of baby boomers who need health care. New group

  • *ESRX (Express Scripts) – Broke out, now a bit over extended wait for dip. Rally yesterday, but weak volume makes it a risky buy the dip. Eked out a new high a day ago and dipped a little. A Buy the dip
  • *TEVA (Teva Pharmaceuticals)  Now dipping in reduced volume = bullish. A buy the dip stock. Seems to be consolidating, buy the dip

Analysis – Still. a lot of winners. IMAX was actually down -0.70% yesterday. Especially shorter term traders I’d buy anything over a 2% dip.

Remember stock don’t go in a straight line higher forever. It’s better to have consolidation periods like CREE, even if they are just for a week or two.  Almost always the futher the stocks get above their 50 day moving average the less likely the rally will continue. The exception to this is a melt up in WEAK volume.  Here too be careful.

The McClellan Oscillator is still near Zero so overall market upside and downside risk is equal.

* = Investors411 has a position in these stocks.

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Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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