The famous 1957 Chevy

Drove my chevy to the levee
But the levee was dry
And them good old boys were drinkin’ whiskey and rye
Singin’ this’ll be the day that I di
e

American Pie lyrics by Don McLean

General Motors is Back

Today GM announced its paying back $5.8 billion in loans and interest to American & Canadian governments – just nine months after government supported bankruptcy and promises to pay the rest back by June.

Remember all those Republicans, especially Senator Richard Shelby (from SC who had Toyota plants), fighting to keep GM from being bailed out even though it could have cost millions more American job losses related to the car industry.

Obviously GM and other car companies still have problems to overcome, but GM, and my wife’s favorite – the Great 57 Chevy (photo above) – is back in less than a year  Thank You Barak Obama – for a Main Street bailout that kept American jobs and taxpayers off the unemployment lines.

Investors, GM news =Bullish

Goldman Sachs

Remember the 3 Monkeys covering their eyes ears and mouths- See no evil, speak no evil, hear no evil. They control Wall Street right now. The gargantuan shadow banks are simply too big & lawyered up to obey the law or fail.

We all know that virtually all Republicans (the secret meeting with 25 shadow financials big wigs on Wall Street) and many Democrats are owned by Wall St. not Main St.

Popeye in the comments section finds it amazing that the SEC is going after Shadow Giant GS because they are such a huge “cash cow” for the Democrats and Obama

From your credit card to your home loan to your stock market trading to your taxes -YOU get crunched by the huge shadow financials. No web site explains it better than the one from MIT The Baseline Senerio“Break Up the Banks”

Obama BIG Speech

Thursday Obama will address the Nation on Financial reform. Who will he be?

MR MILQUETOAST - The Obama who wanted to compromise and turned to mush on Health Care. He got answered by Tea Party screamers disrupting Town Meetings and any rational debate with accusations of armageddon, socialism and death panels. Never, never, never underestimate those who want to (Tea Party members etc.) who keep the fact from coming forward by screaming, fear mongering & threatening.

MR CHANGE WE CAN BELIEVE IN – The Obama who campaigned  in 2008.  Again the Baseline Senerio sets what should be Obama’s message and tone. If Obama simply endorses the inadequate Dodd Financial Reform Bill the same thing will happen again and financial reform is over.

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 +0.23% down
NASDQ +0.61% down
S&P 500 +0.81% down
Russell 2000 +1.43% -

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

Wall Street went back to what had ben the standard weak volume stocks move higher pattern. Although volume is historically the #1 confirmation factor behind a price move, the old trend continues = Bullish.

Earning report have overshadowed too big to obey the law, too big to fail, too big to worry about huge bonuses, shadow financial institutions. The profits and bonuses keep coming. Even the Greek debacle which has some of the same root causes is being ignored = Bullish

AAPLEarnings report was a grand slam home run. Like so many other huge corporations the majority of jobs will go to faster growing emerging markets (more customers – less distance to transport product) where construction and labor is cheaper. Up another 5% in after hours trading. = Bullish

YHOO – Down over 3% after earnings. Not as important as AAPL= Bearish

McClellan Index is below zero and this gives building bullish momentum room to run = Bullish

GM – Repaying

Significant Indexes

  • McClellan Oscillator rose  to -6.78 yesterday.  [+60 or above = Overbought = sell. -60 or below = Oversold = buy]. StockCharts has a better version of the McClellan chart ($NYMO)LINK. - This is still in NEUTRAL territory
  • US Dollar – rose +0.08% yesterday. [Anything over +/- @0.50 is significant.] Mantra - right now The Dollar Rules Is very important. Remember, dollar down almost always = stocks up and visa versa. The positive earnings reports are overshadowing the dollar which is in the middle of a consolidating range between @$80.00 & @$82.20. Dollar at 81.03. If it moves to either side of that range it will impact stocks.

Positions

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

Why you should always check out out the comment section of the blog.

YOUR STOCK LIST is now closed. This does not mean you can’t trade any of the stocks on it or the whole group.

Yesterday, Both The Critic and Paul R put into simple clear term the most used trading strategy of Investors411 for stocks. I can do no better than repeat them below. Also D. on IMAX

The Critic:

“#1 The Lower the McClellan goes the better time it is to buy stocks.
#2 YOUR Stock List has stocks moving higher – The 50 day moving average is going up. This is the blue line on the chart.
#3 the time to buy is when these stock dip back down closer to their 50 day moving average.
#4 A time to sell is when the stock gets too high above that moving average?
#5 AS ALWAYS DO YOUR…”

Paul R

“When a good quality stock pauses to refresh and hangs out on the 50 day moving average (DMA) it can be a good time to buy, this point is known as “Free Parking”. If you are watching a stock in this situation and it starts moving up on higher than normal volume go for it!

When a stock is extended 30% from the 50 DMA be light on your toes. When the stock is extended 50% from the 50 DMA have your finger on the trigger. When a stock is extended 100% from the 200 DMA many institutional buyers (mutual funds etc) will lighten up on their position.”

D

“:):):):):):)”over IMAX up +6.37% yesterday in increased above average volume

There is a play for short term traders here. IMAX is again just below or at an all time high. This is a technical breakout point. What could happen at the open to IMAX is a “pump and dump.” – (See Sunday’s Investors411) A major player(s) will try to break out this stock and the greed will flow as IMAX gets pumped up by other day traders who want to make fast money on the breakout.  You could see another big gain Then those who pumped it will dump  all their shares (the ones they owned form the past and the shares used to pump IMAX.

Obviously you have to buy early. The big question is how high will it go before it gets dumped.  For longer term investors, just be happy when a higher high is created on the chart because that = bullish



Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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