Meltdown!?

NYT has always been the #1 source for accurate news, Headline /story on Japan – Japan Says 2nd Reactor May Have Ruptured With Radioactive Release

Kyoto news agency – quoting the defense minister. A helicopter was unable to drop water to cool the No.3 reactor at the Fukushima Daiichi nuclear power plant probably because of the high radiation. This sure looks like a latch ditch effort to avoid some sort of meltdown.

Bahrain/Libya/Saudi Arabia

Three thugocracies dominate these countries. All involves in suppressing democracy.   Saudi Arabia has invaded Bahrain thugocracy to help out its oil rich dictator. In fact the Bahrain invasion has ignited Shia vs Sunni passions in Iraq

Yankee Bob has brought up the concept of  Where’s Obama? Democracy, freedom and justice are on the line.  What concrete action is he taking.?He talks the talk but is he walking the walk?  Where is the knight in shining armor? Is he acting to protect the people or fellow members of the ruling oligarchies?


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 -1.15% up
NASDQ -1.25% up
S&P 500 -1,12% up
Russell 2000 -0.86% -

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Technicals, Fundamentals & Analysis

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

BUBBLE-ICIOUSInvestors411 term for the stock market – We are all riding on the outside of an ever expanding &  Central Bank manipulated stock bubble. See Investors411 STRATEGY section for more

Japan is the trump card – Situation improves  so do stocks. Japan’s stock market closed up 5% overnight. This was due to $325 billion (3 day total) worth of market manipulating liquidity introduce by their Central Bank,

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Shorter Term Forecasting Indexes

  • The Dollar (USD) [Any daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] Chart for last three weeks still clearly bearish for dollar.    Flat yesterday -o,o2% Bearish longer term pattern. Chart shows dollar directly above a support level. = Neutral.
  • McClellan Index(MO) [The very rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks .MO fell to--68.56. Clearly oversold, but news from Japan trumps everything =Bullish

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Reading The Tea Leaves

Japan reactor developments trump all technical aspects of the market

  • Oil prices are falling because the thugocracies (dictators) in Libya and Saudi Arabia reasserting their control over region. - Bullish
  • MO at oversold levels – Bullish
  • Fed pomo market manipulation still happening – Bullish

If Japan nuclear problem shows improvement you’d see one hell of a snap back rally.

Bottom Line - Investors fear a double dip recession. If things do get worse all it means is more Fed liquidity which should drive stocks higher. Warning – if events get too extreme then this will trump everything.

What to watch today

  • USO - ETF for oil - Oil up = stocks down – Now down below $100.
  • UUP - (Tracking ETF for dollar) Remember - The dollar is a contrarian indicator. Bad dollar = good stocks
  • AAPL -
  • Japan Rector Developments

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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)

  • TNA (3X leveraged small caps) 1/2 was sold two days ago for 0% gain near open the rest hit the 4% tailing stop/loss later in the day. Total -2% loss
  • No positions held.

NOTHING Long Term UNDER CONSIDERATION AT THIS TIME -Impossible to predict events in Japan.

However, short term, liquidity/manipulated driven rally is overdue. Good for a play with leveraged ETF’s.

UCO -(2x oil prices) Why not, its also a hedge against higher gas prices.

REMX (Rare Earth ETF) - Really believe this a good long term holding.

DGP – (ETF is 2X gold)also SLV (silver).

DBC - (Commodities ETF) For a more complete list of commodity ETF’s see POSITIONS listed at top of blog  DBC is tilted to energy.  A good alternative would be DJP that is more agriculture and metals - Both DBC & DJP are on breakout runs.

RJA (Agriculture commodities Index)An ETN, not an ETF. Hopefully longer term holding. .

UWM (2x small cap stocks) TNA (3X small cap stocks)

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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 (at top of page) for lists of potential stocks & ETF’s including the new ”YOUR Stock List.”

Longer Term Outlook - NEUTRAL

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

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