May 23, 2011 - Issue #268



Herman Cain + Allen West = Whitehouse?



Herman Cain + Allen West = Whitehouse?

CNBC & Fox News, now that earnings season is over, looking around for something to report when, lo and behold, Obama suddenly throws Israel under the bus. What will the markets make of that?

Herman Cain then declares his candidacy for POTUS and ... what if he asks Allen West to run as his VP?

For openers, the 'race card' is suddenly off the table. Would the GOP be holding a royal flush come 2012?

Countdown till 2012 elections: 76 weeks.

Heads Up

W. D. Gann, a keen market observer, although not an astronomer, nevertheless, was fascinated by the apparent coincidence of important market 'pivot points' and astronomical dates. Theories exist for estimating time and price of important market turning points but astronomical occurrences are computed with mathematical certainty.

There is no logical reason why these occurrences should coincide yet, empirically, they have.

The 'Full Moon' and 'New Moon', among others, have been cited. Therefore, one might be well advised to be aware of their occurrence. Note: The first 5 business days of 2008 concluded on a 'New Moon' and we all know how that worked out. Coincidence?

5/3 Tuesday - New Moon.

5/17 Tuesday - Full Moon.

During the next two weeks, the following DJ-30 components report earnings. Keep a sharp eye out for possible price swings leading up to 'earnings day' (Subject to revision):

None.

Dow score card for the week ending 5/20/11.

DJ-30: 12512.04 -83.71 -0.66%. The Real World (arithmetical) DJ-30: 55.11 -0.37 -0.67%.

UP: 9, Down: 21.

Trends (weekly charts): This is the subjective part.

Rising (Generally Higher Highs/Higher Lows) 5 (-2) 17%:

+*AXP, +*HD, KFT, MCD, PG.

Consolidating (Generally Lower Highs/Higher Lows) 15 (-3) 50%:

AA, BA, +*CVX, IBM, INTC, -*JNJ, -*KO, MMM, -*MRK, PFE, T, TRV, UTX, -*WMT, +*XOM.

Declining (Generally Lower Highs/Lower Lows) 10 (+5) 33%:

BAC, -*CAT, -*CSCO, DD, -*DIS, -*GE, -*HPQ, JPM, -*MSFT, -*VZ.

+/- denotes change of direction.

* denotes change of category.





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