Volcker Rule Dodd Bill

Is the Volker Rule Dead?

Sorry all my time was spent putting an analysis of YOUR stocks together. Many of these stocks have gone up over +20% in the last few weeks. Congradulations! Here’s and interesting editorial on above topic.

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 +0.16% down
NASDQ -0.23% down
S&P 500 +0.05% down
Russell 2000 -0.32% -

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)

Flat day in weak volume again. US markets are consolidating.  Consolidating (trading in a tight flat range) is good and usually good for bulls and generally means the trend will continue. The monkey wrench here is that there was little increased volume behind the move higher.

Fearless Forecast for Week – Because we now are not oversold (see below) and the earlier move higher had such momentum behind it look for a rally or up week. (Sorry spent time answering questions and did not do the usual Monday forecast)

Last week’s fearless forecast “momentum should make this an up, but volatile week.” Not so volatile, but certainly an up week.

Significant Indexes

  • McClellan Oscillator fell a again to +30.02 yesterday. We now well under +60 or Overbought territory. StockCharts has a better version of the McClellan chart ($NYMO) LINK. Two weeks ago week the NYMO reached a high of 75.33.
  • 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 late Feb. & early March. After flattening for a few days last week it is still moving higher = Bulls rule
  • USDThe Dollar regained almost all of what it lost on Friday.  In the past there has been a strong correlation between a falling dollar and a rising US stock market. Right now the dollar is back within its consolidation pattern = Neutral for stocks

Positions

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

From Friday “Shorter term traders – 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 – Sold 1/2 TYH at 156,oo for +3% gain Friday AM and got stopped out yesterday at151.5 for a 0% gain

YOUR Stock List

The McClellan Oscillator has fallen from Oversold (over +60) to near neutral territory +30. In past Updates I mentioned I’d nibble on some of these stocks as the NYMO came close to +20. The best time to buy are when conditions are oversold or at/below -60. It all depends on Your individual level of risk as to when you buy. The lower the NYMO goes the less the risk. So for those who can tolerate lots of risk you could nibble a little

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

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

  • CAAS Ever since this stock was put on list it has gone up big time. A buy the dip stock Volume dropping as stock consolidates = bullish A buy the dip stock
  • PCLN Dipped last week and now in rally mode A buy the dip stock Volume dropping as stock consolidates = bullish A buy the dip stock
  • F Too over extended or above 50 day Moving Average. Still going up, but too overextended – wait
  • IMAX Investors411 owns this stock – Went elliptically higher and now must find base. wait
  • CSCO, Like AAPL at new high this year. For longer term investor. A buy the dip stock. exploded higher, now consolidating A buy the dip stock
  • SHOOtraded flat after breakoutin consolidation A buy the dip stock failed breakout but still has potential
  • ICON, Broke out and is on run higher. Too over extended now.Volume dropping as stock consolidates = bullish A buy the dip stock
  • VPRT Did break out. A little overextended. A buy the dip stock Fallen in heavy volume = bearishWait
  • DGIT Thinly traded  Consolidating, A buy the dip stock Still consolidating in weak volume = bullish A buy the dip stock
  • CTCT Thinly traded but Good volume and another breakout A buy the dip stock Exploded higher too overextened wait
  • VCI Another breakout, over extended Tempting, but risky starting to consolidate Still Tempting, but risky
  • CREE Starting to Dip A buy the dip stock. dipping in weak volume = bullish, a buy the dip stock
  • SNDK Dipped then moved higher. Too over extended dipping in weak volume = bullish, a buy the dip stock
  • VSH Consolidating and now looking better, a little over extended Tempting dipped/fell in moderate volume. Tempting
  • HMIN Falling Too much downside volume

New

  • RINO - Brokeout yesterday in heavy volume = bullish – a buy the dip stock
  • CTRPFaces a resistance level & just dipped in weak volume a buy the dip stock
  • CNAM Went elliptical now finding base. Huge risk but huge reward Wait

New plays that have similar 3d fundamentals as IMAX.

  • DWA (Dreamworks) Lots of upcoming kids 3d movies. Consolidating but some big down volume days - wait
  • CNK (Cinemark) Theater chain building 3d theaters. Still a bit over extended – Tempting
  • RGC (Regal Entertainment) just broke out again. Too overextended wait for dip.- Tempting

Bottom Line – there are a whole mess of decent stocks to choose from. We are no longer in oversold territory so less risk averse folks may want to nibble. The more oversold the general markets get the better all of these stocks look. My top picks are anything that says = bullish a buy the dip stock. Caution here is I’m only looking at these stocks technically. I would hope you do some fundamental research before buying.

There are two reasons many of your choices went up.

  1. You choose wisely.
  2. We went from below -60 (oversold on the McClellan Oscillator) to over + 60. (overbought.

Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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