Mad Hatter/Johnney Depp frm Alice

Will Technology Save Us?

Using fancy complex technology to do shadow bank financing certainly facilitated a global financial meltdown.  However, having now seen Tim Burton (a gifted director) Alice In Wonderland in IMAX 3d I’ve fallen through the looking glass over advancements in 3 D technology again.  Two new films “Dragons” (saw previews to this and would consider flying to Fargo ND to take my grandkids to this film) and “Titans” are fighting it out with Alice for the limited number of 3D screens. There are 24 more 3D movies on the way this year.

Health Care’s Last, Last Stand

Like in the Terminator movies Arnold just kept coming and coming after you. Sometimes he was the good guy sometimes the bad.  Well, yesterday ultra lefty congressman Dennis Kucinich flip flopped and now may be Obama’s  St Patrick day’s luck charm on health care. For more see Health Cares Last Stand (scroll down)

Damage Control

The Catholic Church brings many people closer to God and has fought for many social justice issues.  However, this whole business about pedophile priests has been a nightmare that they have made worse because they just have little concept of how to do damage control.  Sure these events are horrific but stop trying to cover it up or whitewash everything. More here & here & here Then again basically ignoring is a form of damage control.

Off With Their Heads

Ted Kaufman is now by far the strongest Senator is calling for reform on Wall Street. Bravo. WSJ article & MIT’s Simon Johnson‘s  “Fraud Still at the Heart of Wall Street.” on Kaufman. Perhaps we should do what they did to the head of North Korea’s financial chief -  When he messed up - He got executed.

Baseball = Evil, Football = Good

The reality is sometimes more socialist systems do work better than capitalist systems in generating revenue. Hard to argue in the USA institutionally baseball is in decline while football is rising. Big market teams win, get fans and revenue. Small makets almost always loose, fands leave and so does revenue.  In football they have a strict team salary cap and strict progressive draft system. Their stadiums are almost all full, their championships and media rating are skyrocketing.

KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at dictionary


Index Percentage Volume
Dow +0.45% flat
NASDQ +0.47% up
S&P 500 +0.58% up
Russell 2000 +0.65% -

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)

Volume was moderate and up a wee bit, as stocks advanced yesterday. Volume is half heartedly confirming a much less than stellar two day rally. This short rally was built on a two week low volume rally. Technically as we again approach oversold levels, volume, the #1 confirmation factor of a price move, is giving us a slightly bullish signal

Since the Oscillator Investors uses is not yet overbought we have some wiggle room for stocks to move higher in the short term.

Technicaly, this its like there is a whole group of soldiers assaulting a barricade (pushing out to even higher highs). These soldiers seem to be moving very slowly for a charge, but progress is progress.  Once we hit oversold territory progress should slow even further.

Fundamentally “stocks could pick up steam today because of weekly jobless claims (better than expected) and “quadruple witching” (don’t worry if you do not know what quadruple witching is but it is fascinating to see all those traders flying around the NY stock exchange on their broom sticks)

Significant Indexes

  • McClellan Oscillator rose to +51.86 yesterday. We still under, but getting close to +60 or Overbought territory. The recent high two weeks ago was 75.33 StockCharts has a better version of the McClellan chart ($NYMO) LINK.


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

From yesterday – “I’m going to try to play TYH again on a small dip (if it happens) and sell it when markets get oversold. Again I’ll have a tight 3% stop.  The mistake was not to invest in a stock or ETF yesterday after it became obvious that US markets were reacting positively to what the Fed said at 2:15 EST.” Missed out when TYH dipped in the AM because I was doing taxes – bummer. The window is closing on this short term play the closer we get to oversold. Would have to see a 1 to 2 % drop in TYH to consider entering trade again today.

Going to build up to a 20% position in stocks involved with 3D technology. They can’t build 3D theaters fast enough to keep up with the demand. 3D TVs started being sold last month and a 3D channel is supposed to begin within a year.  See Tuesday’s Investors411 for more. (use calender on top of blog and click on Tuesday 5/16 then scroll down)



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