Jul 13, 2009 - Issue #171
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.
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%:
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!