435_dracula.jpg

The inspiration for Bram Stocker Count Dracula

Vlad The Impaler

Guest Editorial from Yankee Bob -  His editorial is on a point many of you have brought up in the comments section of blog (I mostly made a few small spelling edits and created bullets points) Editorial below.

I have given up trying to understand the mistakes that the “Progressive Lefty Obama” has made.

It’s all about expectations. If you think of him as a progressive Leftist then the tax deal makes no sense. If you think of him as something that the Main Stream Press refuses to call him,.. a moderate conservative then it all makes sense. He is not the bomb throwing Leftist that the Presses’ Narrative made him out to be.

  • He did not have to fill his finance team with the likes of Summers and Geithner but ,he did.
  • He could have had Elizabeth Warren in meaningful positions but he side railed her.
  • He has been as effective in ending the wars as Nixon was.
  • He has not ended the Iraq adventure,he just changed the definitions of the troops.
  • He has expanded the Afghanistan Theatre without changing any of the dynamics.
  • He could have prosecuted the Bush Administration for offenses far too many to list here. So actual torture and violations of the Geneva Conventions will stand
  • But the Obama administration is in a full court press to get Julian Assange for embarrassing the Government.
  • How can he be viewed as a New Deal Democrat and set up a panel with known foes of Social Security like Stone Age Simpson? He set up a panel not to save the Government but to disembowel it!

If you tag Obama as a Conservative/moderate – that then he makes more sense. The scary part is that if Obama is actually a Conservative, then what is the GOP? They are to the Right of Vlad The Impaler.

Yankee Bob

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

Index Percentage Volume
Dow +0.42% down
NASDQ +0.11% down
S&P +0.09% down
Russell 2000 -0.06% -

Technicals, Fundamentals & Analysis

Investors411 record – 5 years of beating benchmark S&P 500

Rallies have been sold into over the last two days. Just about every market technician will tell you this is a bearish sign.

Every 3rd Friday in a month options expire and that sometimes makes things volatile. That happens this Friday.

Lots of talk on two financial channels of people investing against what the Fed is trying to do. Talk in cheap and so far few have put money where their mouths are.

Fed  announcement Tuesday was the same as previous session –  Socks sold the news.

Significant Shorter Term Forecasting Indexes

  • The Dollar (USD) [Anything daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] The dollar rose +0.10% yesterday. The dollar broke down through support but recovered. Day’s movements bullish for dollar and bearish for stocks. Overall trend  = Neutral
  • The Baltic Dry Index (BDI) [measures cost of world trade. Also proxy for China, emerging markets,&  exporting countries]Rate of fall increased to -o.34%yesterday. Broke downside support a couple bays back, but moving slowly = Bearish
  • McClellan Index – (MO) [The rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks.] fell to -5.00 = Neutral

Reading The Tea Leaves -

Simply put, the major US indexes are overbought. Look at how far they are above their 50 Day Moving Average on a chart. (See Financial Charts on right side of blog) This is about as far above that blue line (50 DMA) that they have been in 6 months. This trumps our MO which is often a great indicator of over bought positions.

Also the dollar looks like its on the way back up and that’s bad for stocks.

Nothing goes up forever and a short term correction would be healthy for markets.

UUP - Dollar index is still the index to watch.

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.

  • EEM - (Emerging Markets ETF) -
  • UWM - (2x small cap stocks ETF) – 1/2 position
  • UMW-
  • UMW – Bought at 40.94 last Friday

Going to cash in on one of the UMW positions early.

Look for Paul R‘s always enlightening remarks on stocks and sectors in the comments section of the blog. See POSITION section of blog for lists of potential stocks & ETF’s including “YOUR Stock List.” -

Longer Term Outlook - CAUTIOUSLY BULLISH

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

  • Share/Save/Bookmark