Apr 18, 2010 - Issue #211


Catalyst! As in, if the market needed an excuse, Goldman Sachs (GS) is a beaute!

CNBC will feed off this one for quite awhile.

If history is any guide, GS will settle, without admitting nor denying guilt, pay a fine, and promise not to do it again. It's the 'Wall Street' way.

Obama/Pelosi/Reid, IMO, are so transparent in their effort to bring their version of 'financial reform'. GS, one of the largest contributors to Obama and the Coruptocrats is going to have to take one for the team. The Chairman might be offered up as a sacrifice.

Reid is also promising to ram through 'Immigration reform' (read Amnesty), 'Cap & Trade', and 'Card Check' before the November elections.

The Dow score card eked out a small gain for the week but just barely. More components turned negative than positive. Notice AA is weaker.

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?

4/14 Wednesday - New Moon.

4/28 Wednesday - 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):

4/19 IBM.

4/20 JNJ, KO.

4/21 BA, MCD, T, UTX.

4/22 AXP, MSFT, VZ.

4/23 TRV.

4/26 CAT, VZ.

4/27 DD, MMM.

4/29 PG, XOM.

4/30 CVX.

Dow score card for the week ending 4/16/10.

DJ-30: 11018.66 +21.31 +0.19%. The Real World (arithmetical) DJ-30: 48.60 +0.09 +0.19%.

UP: 14, Down: 16.

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

Rising (Generally Higher Highs/Higher Lows) 12 (+1) 40%:

AXP, CAT, +*CSCO, CVX, +*GE, HD, +*IBM, +*INTC, +*KFT, MCD, +*MMM, +*MSFT.

Consolidating (Generally Lower Highs/Higher Lows) 12 (-4) 40%:

-*BAC, -*DD, -*DIS, -*HPQ, JNJ, -*JPM, KO, PFE, +*PG, T, UTX, -*XOM.

Declining (Generally Lower Highs/Lower Lows) 6 (+3) 20%:

-*AA, -*BA, MRK, TRV, -*VZ, -*WMT.

+/- denotes change of direction.

* denotes change of category.

Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!

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