Jul 13, 2009 - Issue #171

Dems Panic!

Dems panic! Cap and Trade dead! Obama says, "No new stimulus!" Could it be they've heard from their constituents? Is the dreaded nationalized government health care plan next? Are we destined to have yet another 'hard left, legislate from the bench, radical' on the Supreme Court? On top of all that, 'earnings season' kicks in hard.

CNBC will have their hands full this week, for sure.

No stock in the Dow, IMO, looks like a 'screaming' buy, right now. AA, MRK, and PFE may be building broad bases. A 'test' is coming. Be ready.

Is there any doubt this 'gun controlling', 'Acorn' supporting 'business interfering' administration despises capitalism and embraces socialism? That makes it tougher to invest. If Obama left the Whitehouse, the Dow would jump 1,000 points in a day. If the 'progressive' Liberals that support him were out of the picture, the market would jump 10,000 points! Of that, I have no doubt.

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?

7/21 Tuesday - New Moon (Visible 2 days).

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

7/13 (Transportations) CSX, JBHT.

7/14 INTC, JNJ.

7/15 MCD, (Transportations) LSTR.

7/16 IBM, JPM, (Transportations) YRCW.

7/17 BAC, GE.

7/21 CAT, DD, KO, MRK, UTX, (Transportations) CAL, CHRW, LUV.

7/22 BA, PFE.

7/23 AXP, MMM, MSFT, T. (Transportations) BNI, CNW, GMT, JBLU, R, UNP, UPS.

7/24 (Transportations) ALEX.

Dow score card for the week ending 7/10/09.

DJ-30: 8146.52 -134.22 -1.62%. The Real World (arithmetical) DJ-30: 35.93 -0.58 -1.58%.

UP: 6, Down: 24.

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

Rising (Generally Higher Highs/Higher Lows) 2 (-2) 7%:

+*JNJ, +*PG.

Consolidating (Generally Lower Highs/Higher Lows) 10 (-5) 33%:

+*AXP, -*HPQ, -*INTC, JPM, KFT, +*KO, MCD, -*MMM, -*MRK, PFE.

Declining (Generally Lower Highs/Lower Lows) 18 (+7) 60%:

AA, BA, -*BAC, CAT, -*CSCO, CVX, -*DD, -*DIS, -*GE, -*HD, IBM, -*MSFT, -*T, TRV, UTX, -*VZ, WMT, XOM.

+/- 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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