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Taxes Due Tomorrow -Yuck

Mama Jama has sent in some GOOD tax news (see comments section) Obama’s Recovery Act of 2009/ Part of Stimulus has given A TAX CUT of about 10% to most working class Americans. “Thank You Barak Obama”

How much did you save? Mama Jama & Paul R both saved $800. (Another $400) You can find out how much you saved atLINK

What’s important about this is as you go though look at what is considered a deduction for this year or next year


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 +0.12% up
NASDQ +0.33% up
S&P 500 +0.07% up
Russell 2000 +0.27% -

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

A little volume behind a very minor gain = no real signal.

Alcoa had a far less than stellar earnings report and was down only 1.58%. = Bullish

INTC, the chip giant reported last night and was up 3% in after hour trading. Another Link Anything related to Intel should move higher today = Bullish

JPM – Up about 4% after earnings this AM = Bullish

McClellan Index is neutral, so it sure looks like stocks are in for another run with the bulls

The TF&A section sure has a lot of GREEN lights.

TYH (ETF that does 3x techs) is over extended,but good short term play

Significant Indexes

  • McClellan Oscillator fell  a smidge to -1.57 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 the middle of NEUTRAL territory – technically neither overbought or oversold.
  • US Dollar – fell   -0.08% yesterday. [Anything over +/- @0.50 is significant.] Mantra – right now The Dollar Rules Remember, dollar down almost always = stocks up.

Positions

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

YOUR STOCK LIST

up @24% since 2/11

This list has been developed by YOU sending in your stock picks, we discuss them individually (usually by email) and if they are trending positively they get included in YOUR list. Thanks to many of you who have sent in choices. If you payed attention to the List published on each Tuesday or wednesday, you’ll find a lot of winners.

Caution- This is mostly just technical analysis and lots of other factors enter into a decision to buy or sell

NB -Last Week’s comments in black. This week’s violet. Chart links underlined in Blue.

If you have trouble with terminology email me.

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

  • CAAS –  China stock . Rallied, then low volume  pull back yesterday. Some risk, but buy the dip. Dipped in low volume after making a higher high – at its buy point.
  • CNAM China Stock, . Again more risky, but buy the dip Dipped in lower volume, riskier than CAAS but near support and at buy point. Both above stocks tied to China.
  • PCLN –  . Melting up – Buy the dip Slow melt up continued dipped 1% yesterday Would like a bigger dip.
  • F –   Looks like its running out of gas – too much downside volume – wait Forming a support level along its 50 day moving average A buy the Dip
  • *IMAX .  Melting up – Buy the dip – Big Dip in moderate volume, but seems to be forming support. 3D movies still #1 &#3, but overall box office slow & nothing big till May. Riskier, but a buy the Dip
  • CSCO,  Heavy volume dip weak volume recovery Other tech gains AMZN & AAPL look better. Consolidating like AMZN. AAPL overextended now. These giants are the tech leaders. Slower moves than smaller stocks but safer plays. CSCO & AMZN (a bit better)
  • SHOO –  Dipped and off to races again. Still buy the dip stock, but now getting riskier. Dipped last two days, but still a bit overextended
  • ICON,     Now at breakout point but volume not increasing makes makes it riskier buy Winner, a little overextended – wait for dip
  • DGIT –  Weak volume rally – Too risky now. Winner, broke out to new high in heavy volume. went up,down,& up again = bullish. You’d be chasing, but buy a minor dip.
  • VCI . A bit heavier volume on up days at resistance again. Risky buy Consolidating and dipping toward 50 day MA/support level. Buy the Dip
  • CREE Should see another lesser jump higher after dip. Buy the Dip Winner, short dip then rallied, now a bit over extended. Chip stock should benefit from INTC earnings. A buy the dip
  • SNDK –  riskier than after last rally, but buy the dip Winner, Slow melt up,INTC should benefit, buy the dip
  • CTRP –  . Could go either way but volume good on up days – some risk, but A buy the dip stock Dipped in lower volume and seems to found support. Now or never buy.

New plays that have similar 3d fundamentals as IMAX. Personally I’m more comfortable with this group because I believe in the fundamentals behind 3d technology. Some fundamental analysis included. Problem with these are their sales are not pure 3d plays.

  • *CNK (Cinemark)  Melt up in weak volume,(like IMAX) buy the dip – Has dipped in increased volume. No big box office shows till May. Short term in trouble.
  • *RGC (Regal Entertainment) Moving higher at breakout/resistance level. Buy the dip Same as above. Better buy at end of month after dip.

32 million new heath care customers (Obama/Pelosi health care bill) means some stocks are going to rally on this increased supply and the growing aging population of baby boomers who need health care. New group

  • *ESRX (Express Scripts) – Eked out a new high a day ago and dipped a little. A Buy the dip Slow melt up hopefully this is a long term hopefully
  • *TEVA (Teva Pharmaceuticals)  . Seems to be consolidating, buy the dip Dipping slowly, in weaker volume, toward 50 Day MA/support. Again hopeful long term buy.

New Stocks – I’d add more but its very time consuming. Many thanks to Paul R, Monitor and some others who prefer to remain nameless for suggestions.

  • VLTR Chip stock should befit from INTC. Solid long term pattern of higher highs and lows. recent dip makes for good entry point.
  • UAUA (recommended by 2 of you) Great long term pattern. Over extended – right now
  • SLAB (recommended by 2 of you) Classic cup and handle breakout. Even more extended – buy a bigger  dip

Analysis – The McClellan Oscillator is still near Zero so overall market upside and downside risk is equal.

  • Our 3D/movie plays got spanked last week. Fundamentally, (box office) weak till May openings. Going to sell CNK in any rally today. It’s breakout has failed.
  • Heath Care stocks for long term and will add if they dip to 50 day MA.
  • Chip and related stocks (examples -VLTR, CREE, SNDK) should sparkle today and good buy the dip candidates.

* = Investors411 has a position in these stocks.


Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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