Stop the Massacres

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Pictured above is a picture of Semiautomatic Pistol Used in the Arizona & in Virginia Tech Shooting Massacres.  These kinds of weapons, freely sold in the USA, are also used in robberies throughout the country. They are the preferred weapons of both American gang members and Mexican Drug lords.

The Time is Now

Get Them Off the Streets

The statistics are obvious and NO one is asking on or voting to take away your right of self protection. What’s needed is measures to to stop the spread semiautomatic weapons that slaughter our children and innocent people and children.

Contact your elected officials now

LINK

Tell them its -

  • time to stop the massacres,
  • time to support measure banning semi automatic weapons
  • time making gun use safer.

The opponents to limiting semi automatic weapons will use violent misleading rhetoric in opposition.

We support our troops & our law enforcement personnel,  NOT private militias who have their own agenda

Data/photos/chaart from Violence Policy Center LINK


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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

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Index Percentage Volume
Dow -0.21% up
NASDQ -0.07% up
S&P 500 -0.17% up
Russell 2000 -0.09% -

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Technicals, Fundamentals & Analysis

Investors411 record - 6 years of beating benchmark S&P 500

  • Slight correction yesterday in slightly higher volume. NB – volume is significantly down relative to last couple years
  • Earnings season’s first major report INTC Stock up 2+% in post market trading. Outstanding report for beaten up stock,but they are in computers not the much hotter smaller devices. ARMH (chart) is and jumped +13.32 on MSFT contract.
  • Believe JPM,(chart) first of big Shadow Banks reports Before Opening Bell this AM.
  • Jobless claims up in weekly report yesterday – Translation- Yes bad for economy but good for stocks because it means our Fed quantitative easing policy is less likely to be challenged if jobs numbers do NOT pick up.

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Significant Shorter Term Forecasting Indexes

  • The Dollar (USD) [Anything daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] Another huge  decline  yesterday   -1.05%. Fall is bearish for the dollar and bullish for stocks. We are close to support levels or bottom of consolidation range. So outlook= Neutral/ bullish
  • McClellan Index – (MO) [The very rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks.] MO fell yesterday to  +7.86 The MO has been no where near +/- 60 for two months, but the chart shows a bullish pattern of higher highs and higher lows and that’s bullish. Outlook overall for stocks = Neutral/bullish
  • 10 year T Bill (TNX) [ Another mostly contrarian indicator to stocks] In consolidation pattern. Yield fell to 33.01. Important – We are very close to breaking down through consolidation pattern/support level = Neutral/ bullish

NB – If “Neutral” (or any word) is bolded and “bullish” is not It gives more weight to the Neutral.

Example for TNX -waiting for support level to break before going to Bullish

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Reading The Tea Leaves

The McCellan Oscillator (MO) has worked very well over the last year for us. However its hasn’t given off a clear buy of sell (above +/- 60 area on chart -see above) in months.  Therefore we look at MO as we would any chart and see a bullish run of higher highs and higher lows.

MO a +7.86 shows room for stocks to move both higher and lower, More important bullish pattern has been established.

The dollar is directly above a significant support level and its been falling like a stone. If it breaks through its bullish for even a moderately overbought market.

Rising in opposition to all these bullish factors is what most analysts I look at call an overbought market long overdo for a correction.

What to watch today

AAPL – Tech market leader is somewhat over bought.

JPM – First shadow bank to report – over bought – So in short term expect a rally to get sold into. Breaking news on their earningsLINK

UUP – (tracking ETF for Dollar) In consolidation range – You know the drill – Dollar down = Stocks up.

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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).

Current ETF Positions. (oldest held positions listed first)(see comments section where all trades are first announced)

  • UWM - (2x small cap stocks) UWM still outperforming other US indexes
  • REMX - (rare earth metals)

Under consideration

UCO -(2x oil prices)  Challenged its resistance/break out level but failed.

REMX (Rare Earth ETF) –  Rare commodity used in everything from some TV’s to hybrid cars. Fell -1.73% in light volume. Just the kind of fall you like. Another day like yesterday= buy the dip.

EWZ (Brazil) & LBJ ( 3x Latin America – majority Brazil) Obviously the later is more risky because its leveraged 3X. Waiting for larger pull back on both. EWZ went right up to 79/its major resistance level and fell back -1.58% yesterday. Both a possible buy the dip for those that can tolerate the risk.

UYG (ETF that does 2x Dow financials) XLF is the financial ETF. - Shadow banks have numerous advantages. – Opaque, special help from Fed and your still on the bottom line to bailout too big to fail institutions. Those that can overcome ethic problems with shadow banks could consider buying. Warning – over extended right now.

DGP – Will buy back into this 2x gold ETF on dip. Consolidating at support level. Those that can tolerate the risk – now’s the time to buy.

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Look for Paul R’s always enlightening remarks on stocks and sectors in the comments section of the blog. See POSITION section of blog for lists of potential stocks & ETF’s including “YOUR Stock List.” (YSL#3)

Longer Term Outlook - CAUTIOUSLY BULLISH

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

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