Gullivers-travels

The Empire Forever-Photo from Atlantic

Israel’s Knife in Biden’s Back

VP Joe Biden, who many consider the greatest friend of Israel ever had  in the US Senate, has spent about a week in Israel.  He opened with gushing words of support for Israel. The next day Israel announced 1600 new homes in what Palestinians believe is their land. The far right Israeli government put a knife in the American backed peace process and basically said F— Y– to Obama. Laura Rosen from Politico on reaction

Janet Yellin for Fed Vice Chair

The Fed has an enormous influence over YOUR life. Janet Yellin has been leaked as Obama’s choice.  Almost all extremely well qualified choices like Yelin are quickly approved. But times have changed and politics rule. Experience, Intellectual rigor, have become secondary to political views.

Insults in Afghanistan

Iran’s Ahmadinejad (Add 911 was a CIA conspiracy, plus the old holocaust didn’t happen to his list of pronouncements) and Sec. of Defense Gates traded insults while both were in Afghanistan. Both visited so called “President” Karzai. Story link from foreign press.

A BRIC Wall

BRIC = the emerging market giants Brazil, Russia, India and China who many seem to think are taking an opposing view to US policy – On the front burner, see National Interest piece, on blockingsanctions for Iran

Public Option’s Last Try

Bernie Sanders will introduce the public option sooner rather than later

Empire Forever

Robert Kaplan has an outstanding piece in the Atlantic on Afghanistan & the American Empire.


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 +0.42% down
NASDQ +0.40% down
S&P 500 +0.40% down
Russell 2000 +0.34% -

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

Technicals, Fundamentals & Analysis

See PositionsStrategy , and Overview for changes made over weekend. (No changes this weekend)

Almost the exact same as yesterday-” Another melt up day in decreased volume.” This is now a mantra. Volume is NOT confirming the move higher.

Again same as yesterday – “As suggested yesterday the XLF (ETF for financial stocks) was one of several possible catalysts for continuing the rally. As the chart shows, its broken out to new highs over the last two days in increased volume. Basically, any meaningful attempt to shadow institutions and bring transparency to related markets is getting crushed. Therefore, it sure looks like the shadow financials  will add fuel to the stock rally.” This move higher is being led by Citigroup which move up &% yesterday and traded an overwhelming billion+ shares again.  This stock, like IMAX,  is going elliptical and expect it to run out of juice today.

The benchmark S&P 500 closed directly on its 18 month high. Obviously, momentum is with the bulls.

3 positions are open on the Fed and Janet Yellen has been leaked as the choice.

Retail numbers [just came in much better than expected = rally ho] and consumer confidence this AMBoth significant fundamentals that can move the market.

As long as mild melt ups continue outlook remains bullish.

Significant Indexes

  • McClellan Oscillator fell a bit to +60.06 yesterday. We are still well above +60 or Overbought territory. StockCharts has a better version of the McClellan chart ($NYMO) LINK. Last week the NYMO reached a high of 75.33. It looks like we could get above that. So there is room for a short term trade, but longer term overbought = sell
  • BDI - The Baltic Dry Index, which measures the cost of world trade (also a good indicator of how China is doing since they are huge exporters/importers) has exploded higher in the last few weeks. After flattening for a few days it is once again moving higher = Bulls rule

Positions

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

From Yesterday “ IMAX – has exploded higher in HUGE volume.  It has “gaped” higher three days in a row.  In short, its going elliptical. That means expect a pull back. IMAX also reports earnings today.” IMAX “gapped” higher at the open again and was up over 7% and ended the day down 1.00% in HUGE  volume.  Best read of tea leaves is IMAX will take another day or two to settle then consolidate of move up. 

Mistake was to not sell some IMAX when stock “gapped” higher.(Up 7%)

From yesterday Shorter term traders – Even though we are overbought, it sure looks like the McClellan will reach above 80 sooner rather than later. You might want to go long with TYH(3X technology) or FAS (3X what financials do) Buy a dip and keep tight stops.” Bought a 10% (Of portfolio) position in TYH at 151.50. Put stop at that 151.5 and may sell 1/2 for 3 to 5% gain hopefully today. TYH closed at 154.99

Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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