Investors 411 Blog

by Barr Jozwicki
July 3, 2012

Two Scandals Explode

Author: Barr Jozwicki - Categories: Market Update - Tags: , , , , , , , , , , ,

.

International Banking

Scandal Explodes

b

.

Too Big to Fail

Bankstas

Skim YOUR money from

2005 to 2009

Before, During, After 2008

worldwide financial meltdown

.

Massive Furor in UK/Europe

Where’s the Outrage Here?

.

Who owns the politicians

and the media?

.

.

“There’s vast criminality in Wall Street now.


It’s bribery, theft, fraud, bid rigging, price


fixing, gambling, loan sharking. All of these


things, it’s all organized.” - MATT TAIBBI

.

.

Just 1 of the 17

too big to fail

Banksta/Vampire Squids

has settled with

gov’t regulators

[List includes a who's who

of too big to fail US banks]

.

Skimming/profiting from

YOU and World Hunger

.

Today’s Headline

Barclay’s CEO resigns

in disgrace

______

.

We’re all outraged that none

of the plutocracy ever goes to jail

under Obama

.

.

The catastrophic outrage is

Romney and Republicans want to

cut Regulators and Regulations

that are catching bankstas

who steal YOUR money

.

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

.

Drug Cartel Scandal

Explodes

.

$3 Billion Fine

Biggest Ever

.

.

Glaxo Smith Kline

.

Failure to Report safety problems

Promoted drugs for unapproved uses

Drugs that cause heart failure

Drugs we give our Children

Seven Years of deceit

.

At least, the Amounts of Fines

are increasing

$22+ billion collected

.

.

How much longer are

you

going to remain silent?

.,

Romney and Republicans

are demanding

less regulations, less regulators

and “free markets”

for the Banking and Drug cartels.

.

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

.

STOCKS

.

.

.

Unless we get

regulators and regulations

the ultimate end pictured above

.

But for now

Second half of 2012 Outlook now

in POSITIONS section of blog

(scroll down to Outlook for 2nd 1/2 of 2012)

.

From Yesterday

“Short term - Hopeful, of bullish bias (see above) till earnings season – Starts end if next week.

If stocks can hold onto or add to Friday’s gains today/this week – its positive for US stocks”

We held onto Friday’s gains = Bullish

.

The McClellan Oscillator

is at OMG overbought levels

+85.09.

For over three years it has been

impossible to move higher from

OMG overbought in the short term

.

Expect, at least consolidation

before any significant gains

.

Long Term Outlook

3+ months

.

NEUTRAL

.

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS


.


.

.


  • Share/Save/Bookmark
June 22, 2012

Dog House

Author: Barr Jozwicki - Categories: Market Update - Tags: , , ,

.

I hope to be adding to this post

later today

.

Mea Culpa

Editor in Dog House

.

.

As Jim J points out

in Comment Section

Yesterday I ignored


The McClellan Oscillator

“Our #1 Forecasting tool”


.

Oops

Find out more on the MO in the

STRATEGY Section

[scroll down]

[STRATEGY Section located on top banner of blog]

.

General guidelines

.

  • Oversold conditions = ( @-30 moderately oversold, -60 oversold, -90 OMG oversold) = buy
  • Overbought positions (@+ +30 moderately overbought, +60 overbought, +80 OMG overbought) = sell

Nothing’s Perfect. The MO [LINK] has been amazingly accurate in picking highs and lows, especially at OMG oversold and overbought levels. Last time was an example of the MO not being perfect (nothing is).

The MO hit its last OMG low [LINK] (Below -90) on May 18th. A signal to BUY. The S&P 500 [LINK] did go a bit more than 2% lower, before rocketing up from low of @1260 to the OMG MO High (it was over +82)  of @ 1360 two days ago.

The +82 is a signal that its going to be very hard for stocks to go higher.

.

Usually when we reach the OMG

oversold or overbought levels

the  S&P moves at least 5%

in the opposite direction

before changing.

.

All technical indicators are guidelines, not absolutes and can be trumped by fundamental events.  Remember how a exceptionally good or bad earnings report can obliterate any technical stock pattern.

Bottom Line – My bad. – The McCellan Oscillator should never be the ONLY technical tool. Other technical tools are important. So are fundamentals and how investors, traders and manipulators react to fundamental news,  But  the MO does work pretty well.

.

Right now its telling us to

expect at least a 5% drop

before a 5% rally on

the S&P 500

&

June 19th was a time

to sell or short

.

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

.

STOCKS

.

.

Both the S&P and NASDQ took out some pretty important technical levels yesterday.  I do think the bulls have some moxie left in the tank and will fight (see yesterday’s 411 on stocks)

.

Long Term Outlook

next 3 months

.

NEUTRAL/

CAUTIOUSLY BEARISH

.

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

.




  • Share/Save/Bookmark
Page: /tag/omg-overbought/ : TestLink1 - TestLink2 - TestLink3