Morning Report:  (10:30 ET)  If you got those bank stocks as per my suggestions (BAC and C), then you are out of the woods.  They are breaking out.  These two stocks will be big in several months.  I cannot really feel sorry for those that sold at recent lows, because those people were really dumb in falling for the bad news that was being released.  While dumb people were selling, George Soros and other associated parties were buying.  As far as the general market, the breakout is 1150 on the S&P.  We will soon find out if it goes or forms a double top.

 

prior entry:  MAR 9

Midday Report:  (12:00 ET)  My advice on Ford, BAC and C has been good under the circumstances of bad conditions.  If you did buy into F, BAC and C, it becomes just a matter of time.  These are long term deals that will pay off big.  BAC will go much higher over the coming months.  Just be patient and hold.  The rest of the market becomes just a game of guessing.  Right now, the Nasdaq has broken above resistance for the year and does look good.  The Dow has resistance from the January high at 10767 and is now close to breaking out.  The S&P has resistance at the January high of 1150 and is also close to breaking out.  The VIX is at the yearly lows.  The market now has a chance to advance considering the breakout points.  We are close but should watch these numbers over the next couple of days.  C is already breaking out above 3.70.  BAC needs to break above 17.20.  Ford is now the best car maker in the U.S. considering that Toyota has screwed up badly.  By the way, Toyota is going to lose billions of dollars in loss of revenue and law suits.  Ford will take advantage of this while GM is still sleeping it off under government control.   Meanwhile, Washington burns, but who cares.  Maybe the more it burns the better it will be for business.  It now seems that Wall Street is starting to realize that the November elections will bring America back to capitalism where it belongs.

 

prior entry:  MAR 6

Saturday Report:  The market will advance if it looks like the health care bill will not pass.  Speaker Pelosi has made a lot of enemies.  She will have to use unethical force to get certain Democrats to vote for this.  We wait.

 

prior entry:  MAR 4

Midday Report:  (10:45 ET)  The S&P chart will show that we are hitting a fan-type resistance level.  This is not the time to be buying until this is resolved.

prior entry:  MAR 3

Closing Report:  After three more sessions, the trading has gone right back up to resistance and halted.  The market still fears the health care bill and the expense that comes with it.  This market remains in trouble.  While the VIX may be going lower, it merely means stagnation.  People were once again expecting something new and big to be said by Obama.  Instead, it was just another show.  As soon as I saw the so-called doctors and nurses lining up, I knew that this was just going to be another brainwashing rant.  Then we hear stories of stimulus money going to foreign nations as grants, and more stories of money going to things which produce hardly any jobs.  It just does not end.  I would be more in favor of just hiring each person that has lost a job and pay $3000 per month to that person to go outside and watch over the street.  At least that would create jobs and it would be cheaper.  We are in deep trouble, and those in power are not doing anything.  Let us just ride this out for the next few months.  Ford is going to be the auto giant of the future, because the people at Ford are practicing common sense.  It would become even better if the Auto Union was erased.  Apple Computer under Steve Jobs will also do very well.  There is also a great degree of common sense at IBM.  The liberal, progressive mind of Bill Gates is a clear example of disaster.  Buffett is using all possible common sense to keep things going.  Don Trump is also coping well with the insanity in government.  Meanwhile, progressive Democrats are being found guilty of corruption left and right.  It may be ironic to consider that maybe we are safer from terrorist attacks.  We are destroying ourselves without any help from  foreign enemies.  Anyways, let's see if the NYA can break out above resistance soon as per my last chart presentation. 

 

prior entry:  FEB 26

Midday Report:  (12:00 ET)  One of the main reasons that the S&P has remained stagnant is that the banking stocks have been down off of recent highs.  It now all depends on the bank stocks.  Watch WFC, BAC and C.  For the longer term, I believe that these three bank stocks will go through the roof.  I remain very positive on Bank of America.  I also know that some of the big players have been acquiring Citi.  It will be just a matter of time.  The problem is in the near term.  For this reason we must watch closely for any clues on these major banks.  These banks have held up on loans for a reason.  Perhaps these banks are themselves waiting for a better understanding of what is occurring in Congress.  By the way, the HC Summit was a farce.  President Obama still continued to show arrogance along with his supporters in the House.  I do believe that they will do whatever it takes to bribe or threaten all those Democrats who may be thinking of switching to a NO vote on the bill.  I also believe that they are not going to make very many changes to the present bill.  These folks really believe in their own distorted minds that they know better than you, the people.

 

prior entry:  FEB 24

Midday Report:  (1:00 ET)  At this point, any rally will be suspect unless the averages break above resistance.  The market will now just react to any little report each day.  Of course, we could just go sideways for a long time.  The following chart is from one of my resources showing the situation.

 

 The S&P 500 is holding above the long term support line.
 The S&P 500 is also below its 50% Fibonacci level.

A drop below support would mean S&P 880 at most.  Temporary support would come in at the second trendline down.  We need to get above 1150.

We are between support and resistance.

 

prior entry:  FEB 23

Midday Report:  (12:00 ET)  This is a market warning as I see it.  I have been saying that the market is tight between two levels.....an upside breakout and a downside breakdown.  The channel is narrow.  The very recent rally (if you really want to call it that) was weak.  The situation does not look very good since strength was not present on the rally.  The S&P did come up from below 1080 but failed without breaking above resistance at the 50 day average line.  The most honest opinion that I can offer is simply not to enter at this time unless something extraordinary should happen.  Right now, considering the situation with Obama and Congress, I would not expect anything good to happen.  The Democrats are simply not willing to admit that lowering employment taxes is one solution along with other incentives.  November is still months away.  The health care bill is still a big negative.  I just find it hard to believe that those in power can be so arrogant in the face of public opinion and whatever else that may represent common sense.  The following chart shows the weakness that is occurring.  The NYA is a more important chart than the Dow or S&P.  Look at the weakness of the recent rally.  The Toyota news is not helping either which is now going to reflect on the American Toyota plants.  I believe that much more will be uncovered concerning the problems at Toyota.  It will be difficult at this point to destroy every hard drive at Toyota that may house evidence.

 

 

prior entry:  FEB 19

Closing Report:  The market has once again stagnated at the nearest resistance level.  If this was truly a bull market, it would have gone right through to the upside.  You can check for yourself on the charts at bigcharts.com.  The 50 day average line was hit.  I have checked some of the other stocks for clues.  For example, the trucking stocks have lowered to some very horrible levels.  This means that there is no indication that the economy is turning around.  Yellow Trucking is below 40 cents per share which is really gross.  ENER which delivers batteries for hybrid cars has dropped to the 7 level from levels above 35.  The major insider traders are looking at the financials more so than the techs at this time.  The major banks that took advantage of some good deals during the collapse are the ones now being bought by the major players.  Warren Buffett no longer agrees with the Obama policy as indicated in the news.  There is no confidence in the policy now being taken by Washington.  Of course, the policy might change as the November elections approach.  If so, the market will begin to signal this several months ahead of time.  We wait.

 

prior entry:  FEB 17

Closing Report:  On this Wednesday, the banks did well.  The MACD line did turn positive.  However, if the averges cannot go over the 50 day average line on this move, then we will be right back in the hole.  That line is just above and so we should find out very soon if the rally will be for real.  I did find out that George Soros has bought into Citigroup in a big way which accounts for the bank rally.  However, he may not want the stock to move up too quickly.  We will watch this.

 

prior entry:  FEB 16

Closing Report:  If you had wanted to buy into Bank of America, you should have done so by now as per my recent comments at between 14 and 15.  The general market will not even matter in this respect.  Not every stock will bottom at the same time as the market.  We now have another small bounce off a major support level.  At this point, the bounce today is still meaningless.  We need the financials to rally and maintain the lead which did not happen on the prior bounce.  We now wait for the banks to rally and for Obama to take a hike from bombing our own financial system.  Today, Senator Bayh announced that he will resign and gave the reasons.  I have been saying that many of the older Democrats do not like the present leadership of the party.  I just cannot figure out why these more powerful Democrats do not revolt against Howard Dean and Pelosi in order to save the party.  If the good Democrats bail out, what will be left?   A bunch of far-left socialists and communists????   I am just waiting for the time when Hillary will resign.  I still believe that she is considering it and is perhaps waiting for the right time.  Obama still does not want to admit that lowering taxes and holding up on stilmulus is the right thing to do.  This arrogance will delay the recovery.  Have you noticed how the global warming issue has turned sour???   Every error is now imploding on the liberals.  However, let's get one thing straight about my commentary.  Although I am conservative, I do believe that there should be a balance in Washington.  I want the Democrat Party to remain.  However, I want the Democrat Party free of dumb-ass communists that believe in fantasyland.

 

prior entry:  FEB 12

Closing Report:  The averages continue to linger along a critical level.  The charts continue to look dismal.  In other words, the averages are stuck in a downward configuration.  The 200 day moving average is the only support now below which would mean another down leg cycle.  Unless something significant should now occur, the chart and indicators simply look weak.  In the past, the Federal Reserve had the power to create a bull market.  Now, the Fed has nothing better to do except to threaten that rates may go higher.  This is really a sad state of affairs.  Now do you see what the progressive movement is capable of.  Bash the capitalist pigs on Wall Street.  How about let's control the pay of management.  Let's tax the hell out of those firms that are making big money.  How about let's bail out those who are doing a bad job.  Yah, let's throw a fine at Bank of America for buying MerrillLynch.  What else can we do to help matters?  Hey, how about not including certain people in the unemployment numbers to make it look more positive.  If the loss in jobs is not as bad as last month, we can call it an economic turn-around.  Where are we going?  We are on a highway to hell in deep fog.  I can't see anything ahead. Where are we?  Oh, there's a sign up ahead.  Hell....1 mile.  Will the driver do a U turn for god's sake.

Midday Report:  (11:30 ET)  Before the elections in 2008, it was much easier to understand the market.  We did not have this political drama to worry about as we do now.  We were operating under a capitalist system.  Now it has all become a cloudy mess with the extreme left-wing in Congress and in the White House.  We simply do not know what may be proposed next by those in power.  Trying to analyze the technicals of the market with the political drag on the economy has become an impossible thing.  The whole system has been turned upside down.  This will continue until the November elections for sure.  That is why for the next few months we will experience havoc in trying to determine direction.  It is very possible that the best buying opportunities will occur over these next few months.  I do believe that those in power will themselves become divided which will lead to even more indecision on market direction.  The voters of America voted for change, but they never realized that the change was chemical in nature.  In other words, they voted for anti-capitalism without really realizing that was the case.  At present, the market is holding at a very critical level here at Dow 10000 and S&P 1080.  The close today will be important as well as early next week.  At least, the snow storm has caused the politicians to shut up for a bit which may help.  If it snows enough over the next few days in Washington, we may have a chance.  So far, the banks are holding at the lows of this cycle.  We wait.

 

prior entry:  FEB 11

 

A teacher asked her 6th grade class how many of them were Obama fans. 
Not really knowing what an Obama fan is, but wanting to be liked by the teacher, all the kids raised their hands except for Little Johnny. 
 
The teacher asked Little Johnny why he has decided to be different....again.

Little Johnny said, "Because I'm not an Obama fan."

The teacher asked, "Why aren't you a fan of Obama?" Johnny said, "Because I'm a Republican."

The teacher asked him why he's a Republican.  Little Johnny answered, "Well, my Mom's a Republican and my Dad's a Republican, so I'm a Republican."

Annoyed by this answer, the teacher asked, "If your mom were a moron and your dad were an idiot, what would that make you?"

With a big smile, Little Johnny replied, "That would make me an Obama fan."

 

Closing Report:  The market is really going nowhere.  That S&P 1080 level is just sitting there.  The so-called jobs report today showed positive numbers.  However, you should know by now that those numbers are most likely bogus in meaning.  I would not trust any government report that may be issued.  It is not so much that it may be purposely scammed, but instead, it is a fact that the numbers simply do not reflect the real meaning of the numbers.  We do know that those in power will have to show something positive before November, or it will mean curtains.  The stimulis money will not do the trick, and those in power are starting to realize this.  It is for that reason that you now hear of compromise on possbily lowering taxes for business.  However, a solution will not even come in time to turn this around by November.  The announcement by Bernanke that the discount rate may be raised is not a good sign.  These daffy people are now worried about inflation at a major low in the economy.  Where do these experts come from?  What are they thinking?  You will notice that even in today's rally.....Bank of America, WellsFargo and Citi are just sitting there.  Don't you think that maybe something is wrong with this picture?

 

prior entry:  FEB 9

Closing Entry:  Not even with this Tuesday's rally did the market look good.  There were some lame excuses for the rally such as the Greek situation.  This is all just static.  The banks were weak.  Under the present conditions, the big banks are major.  Apple is looking weak along with many other techs.  Be careful here.  We could very well see a major buying situation later.  The VIX has trended higher which volatile movements ahead.  With this we could get a big move either way, but right now the odds remain negative.  However, we will see if the market can go above recent breakout points which are just above present levels.

 

prior entry:  FEB 8

Closing Report:  Okay, this market is breaking down to the next level of support.  It will be Dow 9500, S&P 1020 and Nasdaq 2010.  There is nothing to drive confidence into this market at present.  Perhaps, eventually it will sink into the brains of those in power that things are not going in the right direction.  Meanwhile, we have to hope that nothing real negative occurs beyond what we can now see.  This nation is based on capitalism stemming from Wall Street.  Our president seems to think that Wall Street should be destroyed or at least be taken over by the government.  Good luck.

 

prior entry:  FEB 4

Closing Report:  The market is in deep trouble over the near term.  Those in power could not care less since the elections are months away.  Meanwhile, employment numbers are getting worse, and readjusted numbers will show even more negative.  Avoid these problems for now, because there is not much support under Dow 10000.  We wait for Friday morning to see what kind of bounce we get.

Midday Report:  (2:00 ET)  Now it is fear of more than just one thing.  It is a total loss of confidence of those in power to employ what is needed.  Jobs continues to be a problem along with the deficit.  The averages are not looking good with the S&P below support.  We now watch to see if the Dow can hold at 10000.  The Democrat authorities continue to bash big business which actually causes damage to the system.  Okay, so what will happen here.  Well, the liberals will simply continue to blame Bush, and they will continue to refuse to lower taxes.  They will simply throw money out there which will fuel profits for business but not create jobs.  If a business can make enough money to get by and not hire people, that will work for them.  Without a tax cut, a business will not have incentive to hire or spend more.  In other words, it all goes into limbo.  The stimulus package will not work and the market knows that.  The people that advise Obama would be perfect in Russia or China.

 

prior entry:  FEB 3

Closing Report:  I am of the belief that the government, whether by purpose or by ignorance, scared Americans by stating outright that we were facing a depression like that of 1929.  Think about this!  Most of the big corporations just reported better than expected earnings.  What is going on here?  Does this make sense?  The big banks are now making big money when only a few months ago it looked like total disaster.  IBM made new highs along with Apple.  Ford is making money.  Jobs may be down, but it does not seem to reflect on the economy.  People are still buying iphones and ipods.  Parents are still putting their kids through my driving school.  Life goes on.  By scaring people, the government can exert control over all of us.  That is the method used by governments since nations began.  I truly believe that the stimulus package that was passed was not even necessary.  Only a tax cut for small business was needed.  If you know how banks are regulated, you should see what occurred.  The Fed can close down a bank when the bank goes below a certain level of capital.  It does not mean that the bank is actually out of money.  Bank stockholders are the ones that take the hit, and those peole can be just average citizens.  The Fed could not care less.  GM was already going under long before last year and mostly because of the burden of the auto workers union.  When Obama warned that we were going into depression, it was to scare us into believing that only the government could help us recover.  Then, when the recovery occurs (which it always does), he could say that his party created a miracle.  I have never felt this disgusted at the Democrat Party as I do now.  I have Democrat friends who want their party back.  I also believe that there are now many Democrats in Congress that also want their party back.  Those in power are far left, and they are making one mistake after another.  We are lucky about one thing, and that is that the American economy is the best in the world.  It has the ability to come back strong, and it will again without any help from these communists that are now running the show.  The people of higher education want the incentive to create things, and that is the best weapon against the communist philosophy.  The next election will be the real recovery that will put political balance back where it should be.  The economy will improve once taxes are cut.  There is some fear with investors at this time that Obama will actually work to increase taxes in order to balance the deficit.  This fear is what is keeping the market down.

Midday Report:  (1:00 ET)  I expressed concern on my last report involving the S&P.  It did pull back up over that critical 1080 but not with lasting conviction.  The sharp decline that occurred in mid-January was serious as can be seen on any chart.  For now, the major averages have held at the 100 day average line which makes sense.  However, unless there is a further bounce soon, we could go under the 100 day line.  The next support will be at the 200 day average line which is Dow 9500, S&P 1020, and Nasdaq 2010.  What I am saying here is that it may not be a good idea to buy anything unless it is a special situation at this time.  I will maintain holds on BAC, Ford and MercadoLibre, etc., but all else in now in question over the coming few weeks.  The quarterly reports have been good.  In reality, the reports show that we are not in a major recession at all.  this means that there is a rift between certain elements in the economic mix.  While many individuals may be in trouble, the tech stocks are not showing the same.  However, it may give insiders the excuse to lower prices and pick up stock at lower levels in coming weeks.  We have seen this before.  Now that earnings news is out of the way, this could happen.  For example, even Apple could go lower now that every analyst has concluded that it must go to $400.  Let us just hold up on everything and observe for a while.

 

prior entry:  JAN 29

Closing Report:  I remain concerned about the S&P going below 1080.  We must now watch that 10000 level on the Dow.  Except for any special situations, we should be on alert again.  I noticed that even Apple is taking a hit after the quarterly report.  IBM has also retreated from recent highs. 

 

prior entry:  JAN 28

Closing Report:  The situation concerning the terrorist trials in New York is just another example of the mistakes that are being made by Obama which does in the end reflect on public confidence.  More and more oficials are now saying that Obama was wrong.  The following was in the news.

In addition, six senators on Tuesday wrote to Holder and urged him to abandon the idea.

The letter to Holder read,  "You will be providing them one of the most visible platforms in the world to exalt their past acts and to rally others in support of further terrorism."

It was signed by Senators Joseph I. Lieberman, independent of Connecticut; John McCain, Republican of Arizona; Blanche L. Lincoln, Democrat of Arkansas; Susan M. Collins, Republican of Maine; Jim Webb, Democrat of Virginia; and Lindsey Graham, Republican of South Carolina.  Now Bloomberg has changed his mind, and he is against the trial being held in New York after looking over the estimated expense.

I am telling you that we have a president that is just jumping the gun on just about every issue without justification or reasoning.  I think it is compulsive and it is not going away.  Let us hope that it does not lead to very negative consequences eventually.  Instead, I hope it leads to positive results on the next election.  I truly believe that the real Democrats want their party back, and it would be best for this nation if that did occur.

Midday Report:  (3:00 ET)  There was really no major revelation from the State of the Union address as expected.  Obama tried to shy away from the health care issue while Pelosi continues to push the subject.  Those in control are in total chaos, but they are doing a fairly good job of acting.  We have until November to worry each day as to what Obama may say that will cause disruption.  At least it was mentioned that tax incentives were being considered.  Meanwile, the S&P has once again bounced from that critical 1080 level.  It may just hold.  BAC has also held ( a buy in my book).  Ford is on its way to being profitable again which is really amazing considering the economy (Ford has been on my stock watch list).  Let us see if we can go into a major advance at this time since much of the static is out of the way.

 

prior entry:  JAN 27

Closing Report:  The S&P has held at the 1080 level for now.  It must not close below 1080 or support will be gone.  If the President can keep from saying something stupid, the market might just rally here.  BAC has also bounced from yesterday's low.  We wait.

Midday Report:  (1:30 ET)  Once again, the market is waiting for another speech or Fed report that is in reality meaningless.  There is nothing that the Fed can now do that can possibly be considered bullish.  Only time will will be on the bullish side.  As for Obama, well, it will be the State of the Union speech tonight.  It will be nothing bullish most likely.  He will continue to say that he is on the side of the people and that he is against big business and that he is against the rich.  Do you really expect him to change from far left to right?  It simply does not make sense to slam big business if that is where the jobs come from.

 

prior entry:  JAN 26

Closing Report:  Bank of America is a buy at 14 to 14.50.  The big banks have been taken down in recent days purposely to fool people into selling while the big guys buy.  Obama played right into this with his yap about the bank tax.

 

prior entry:  JAN 24

Weekend Report:  I remain bullish on the major banks.  While Obama slammed the banks with his bank tax idea, there are smart people that are buying.  They are buying at these lower prices, because they know that whatever Obama says....well, it is no longer credible.  Warren Buffet, who supported Obama, is now coming to regret it.  Others who supported Obama are also now regretting it.  What were these smart Wall Street people thinking?  Did they not see what Obama was all about?  Did they think that Obama would somehow never go this far with the communist agenda.  Didn't the voters see that Obama stood for wealth distribution, taxing success, centralized planning, power control, etc.  We have a president that firmly believes that one party should have total control over every bill that goes into effect.  Don't you believe that to be a malfunction of the American process?  It is for that reason that we should have a strong third party as a deterent.  If one party now takes control over the entire Congress, we could face a situation where the president actually becomes a dictator.  Let us see if S&P 1080 holds.  It could be a good place to buy if it holds.

 

prior entry:  JAN 22

Closing Report:  As you can see, President Obama is just going crazy every day.  Let us hope that he is not serious about what he is suggesting.  I do believe that many Democrats in Congress are now backing away from his agenda, because they realize that something is wrong here.  Obama seems to believe that we must be coerced into accepting his philosophy.  He did imply that perhaps he did not do a good job of coercing us into accepting his plans.   You people voted for him, so now you will have to suffer through all of this.  You should be careful in the market considering the events of the past few days.  It is still possible that the market will simply go down to a major support such as S&P 1080 and recover from there.  There is fear in the air.  It could be temporary or it could develop into total disaster.  We have the Bernanke vote coming up soon in the Senate which will indicate that confidence is being lost at the Federal Reserve.  There is no plan of action as yet that will lead to economic recovery.   The Democrats will divide into two camps.  We have the traditional ones and the radicals.  Unless there is a recovery, the election in November could erode Obama's power even more.  The result will be a no-win situation for all of us since he will have two more years in office with a total lack of democratic leadership.  If the Bernanke vote does not go well, it will mean even more trouble since Obama would then place a total radical in charge of the Fed.  Let us hope that Obama sleeps late for the next few days.

 

prior entry:  JAN 21

Closing Report:  If Scott Brown plays his cards correctly, I predict that he will be the next Republican president of the United States.  Considering Obama's experience, Brown should have no problem in this respect.  He is the only Republican that can win.

Now, concerning the market.....well, it over-reacted on Obama's speech.  Just because Obama says something, it does not mean that it will ever pass the Senate.  Obama is still continuing with his Marxist philosophy of control over business.  He is now trying to take the minds of Americans into a different path.  He figures that no one likes banks.  He now believes that he can slam the banks and that the people will approve.  Control over the banks is one of the first steps that a dictatorship will do.  It is a Marxist requirement.  Many common Americans lost money today because of Obama.  Now that the major banks are making a profit, these dictatorial politicians want to control it.  So now if the banks want to make money, the banks will have to raise interest rates.  How is that better for us?  Obama is making too many decisions too quickly without ever thinking of the side-effects.  Many of the Democrats in the House will now back away as November approaches.  Many of them will lose their seats.  Bank of America, WellsFargo, and Citi will prosper.  These stocks are a buy on any further weakness as the market will sense that our president is no longer to be taken seriously.  Our president should not be in front of the cameras every single day pushing some far-left agenda.

Midday Report:  (12:30 ET)  The declines that we are seeing will make for a buying opportunity.  This is all situational on the individual stocks.  President Obama is either saying or doing something dumb every day of the week.  We have to expect that until November.  He is doing nothing about jobs.  All of his actions have to do with regulation and the exertion of power.  Wall Street will not be his friend at election time.  The speech that he made this morning is like opening a can of worms.  The issue is complicated.  Even the people on CNBC cannot make heads or tails of the consequences.  Instead of creating jobs, I believe that we have actually lost jobs because of his speech today.  We wait for the next far-left solution that will never clear the Senate.

 

prior entry:  JAN 20

Midday Report:  (2:00 ET)  Although I really do hate banks and what they sometimes will do to screw people, I will still say that Bank of America is a good buy on any decline at this point for the longer term.  I will also say that the so-called bank tax is unconstitutional.  This is what I have been saying all along about Obama.  He does things that counter everything that is traditional in this country.  He is a marxist in his movements.  This has been proven with the health bill and now with this bank tax.  Who is giving him the okay to do these stupid things......maybe it is coming from all the marxist members of his staff.  This coming November will prove whether or not the people have more power than all the marxist organizations that have backed Obama from the start.

 

prior entry:  JAN 19

Night Report:  Considering the results of the Massachusetts, I am now bullish on the market.  I can also predict that if Scott Brown should play his cards correctly, he could very well be a candidate for the presidency.  Note:  Buying should still be considered on declines due to quarterly reports.

 

prior entry:  JAN 13

Closing Report:  Be aware that the big banks are very heavily shorted.  Citi is the most shorted stock on the NYSE.  Something will eventually happen here.  I was surprised to find out that BAC and WellsFargo are also very heavily shorted.  It does not make sense that anyone of average intelligence would want to be short these stocks knowing that TARP has been paid off and that these banks are making money.

 

prior entry:  JAN 8

Closing Report:  I am not bullish on the economy.  I am bullish on the general market.  The market is just edging higher from a grossly oversold position based on true evaluations of the major corporations.  I am more bullish on certain issues such as WellsFargo, Bank of America, Mercado Libre, Apple, IBM, Ford, etc.  I am bearish on the economy because President Obama and the majority of the naive Democrats that now run Congress simply cannot see that government spending will not improve the economy over the longer term.  Democrats cringe at the thought of stimulating business by lowering taxes.  It is a disorder of the mind that can only be corrected by voting out those that are afflicted.  Each day that goes by, we see one blunder after another being committed by those in power.  This is what happens when one party has total control.  If the liberals could get rid of Fox News,  we would now be a communist democracy where the people would not even be exposed to the unconstitutional acts of Congress.  Luckily those in power have not abolished the 2010 elections.  It has got so bad that Democrats have actually stopped calling Bush corrupt so that the whole issue of corruption will not be spotlighted.  Okay, I am bullish on the market overall, because the market now senses that the elections in November will tend to alleviate the mental disorder.  I also believe that the health bill as it is written today will be challenged either at the higher court level or by the next elections.  I hope that the Republican Party begins to show some strong leadership now.  The Democrat Party is vulnerable, because the American majority will not put up with the far-left insanity of Howard Dean and his group of thugs.  If you are a Democrat, take back your party.  The present Democrat Party does in no way represent the political ideals of John Kennedy.  John Kennedy is the star of the Democrat Party.  Ronald Reagan is the star of the Republican Party.  Both of these people represented intelligent thinking. 

 

prior entry:  JAN 7

Midday Report:  (1:00 ET)  Bank of America has been upgraded by Credit Suisse to outperform.  As I have been saying, BAC has been a buy whether it be the stock itself or the longer term call options for January 2011.  BAC may not be a bombastic mover,but it is solid and it is still very cheap.

 

prior entry:  JAN 6

Closing Report:  I realize that some of the viewers of  The World Enquirer are Democrats or liberals.  I will say that you should go with what you believe.  However, I will not respect you if you are a liberal Democrat and you are allowing Howard Dean to hi-jack the party into far-left territory.  Hillary was screwed by Dean and the far-left members under him.  She was cheated, and Obama knows it well.  Why did it happen that way?  This should be simple to understand.  Hillary was difficult to control, and she was moderate.  Obama was far-left and more easily to fit into the agenda.  You would have to be very naive not to realize all of this.  However, the majority of Americans are not far-left.  What will now happen is quite simple.  One Democrat after another will fall right up to the next election.  Each day that goes by we witness a new debacle presented in the news regarding an event involving either Pelosi, Reid or the President.  These types of events would have impeached Bush.  Haliburton is nothing compared to what is going on now.  It is getting to the point where even the liberal media is finding it hard to hide the events.  Obama's appointees are a disgrace of incompetence.  These people are naive, lack common sense, and have mental disorders concerning the real world.

 

Now, what does all of this mean for the market.  When McCain lost the election, the market sank to the November low.  Then, Obama's approval rating went up as the market sank to its lowest level in March.  The market tends to discount way ahead of time.  The market then seemed to realize that Obama had climaxed and that the socialist powers had also climaxed.  The market has been creeping up, because the liberals are killing themselves.  One by one, Democrats failed in the last election and more will fail this year.  The market will go higher each time those in power go through some debacle.  For that reason, I am bulllish on the market for the longer term.  Each time we get mediocre economic numbers, it will actually be bullish for the market.

 

My best friend was a life-long Democrat.  He is highly pissed that Hillary was purposely knocked out by the party.  He actually realizes that Obama is nothing but a far-left puppet of Dean's radical Democrat party.  I will also say this about Hillary.  I still believe that she is totally pissed over what occurred, and I also believe that she really does not support Obama's agenda.  What about health care?  Hillary wanted to be the one to put that across.  I further believe that she would have done a much better job than what has now occurred behind closed doors by far-left radicals.  Can you believe that these people actually want to make young people pay for insurance or have them fined.  This is communism.  Maybe we should send people to concentration camps in northern Alaska if they do not pay the fine.

 

prior entry:  JAN 4

Midday Report:  (1:00 ET)  Nothing much occurred in the past several sessions except that there was some massive selling at the very end of the year.  That could have been for tax purposes.  It is most probable that market makers were buying into that selling.  At this point, the charts are showing that we have a breakout to the upside on the major averages.  This is not the time to sell but either hold or to buy into your favorite issues.  Stocks like Apple and IBM continue strong which is a good sign.  The bank stocks like Wells and Bank of America along with Citi may well have formed a bottom.  I would say to go with this trend.  Our nation is strong enough to come back despite the bungling that goes on in Washington, D.C.   You must simply do what is right for you and go on believing that business must remain free of socialism.  I now believe that there are enough people in this country that realize the limitations of President Obama and the left-wing socialists that are now in Congress.  The present rally in the market is saying that a good degree of confidence remains that Obama's change will be limited by those who still possess common sense.

 

prior entry:  DEC 24

Closing Report:  Merry Christmas to all viewers.  The next two weeks could determine whether it will be a leg up or not.  Over the recent past, the market has bumped against heavy resistance, and certain indicators have shown that on each drop there has been heavier outflows of capital.  The pattern is bearish.  To break the pattern, the major averages must go to new highs soon.  We need a rally in the bank stocks.  At this point, it will not hurt to be in a holding pattern without further investment until we see a break in the indicators.  Remember that this is not Merry Islamas or Merry Hindumas.  This is Christmas.  Uphold the tradition of calling it what it is, or lose it.

 

prior entry:  DEC 23

Closing Report:  Nothing has really changed except that we are getting closer to the New Year.  There is no Santa rally.  If there will be another leg up, it should occur at the turn of the year.  It now seems that the health bill will go to the House for the reconcile and it will remain an unknown for a while longer.  Of course, no one really knows what is in the fine print.  The whole affair in the Senate smells like the stench that you would expect out of a third world communist nation.  I expect that there will be further trouble between the far left radicals and the moderates in the House.  The solution that the Democrats will employ will be to reconcile the bill behind closed doors away from the Republicans.  This will be the Marxist way to go.  Meanwhile, the big banks are trying to pay off TARP by raising money from investors.  In other words, the repayment is not coming from profits.   The VIX index is showing that the market is getting less and less volatile.

 

prior entry:  DEC 18

Closing Report:  As per my recent comments, this market is going nowhere until the health care bill is stopped or completely revamped.  The economy is really not improving as some experts are claiming.  It is starting to look like the bottom will not be V-shaped.  I believe that the international scene will also come under pressure by the Iran situation unless we take action.  However, I also believe that Obama is no Reagan.  To Obama, disclosure and transparency applies not to the American people but to the enemy of the U.S.  Let's face it!  We are even more screwed up now than with Jimmy Carter, because the stakes are much higher now. 

 

Maybe, it is better for the American people to get a good dose of communism while some of us still possess some form of sanity.  We can still put a stop to this on the next election.  I have heard that some far-left liberals are now in the mood to criminalize certain forms of speech.  They call it hate speech.  What it really means is that my statement here today could be called criminal by some dumb-ass liberal judge.  Americans have a misconception of communism.  The marxist system looks okay on paper, but the backers of the system will not tell you that it can only work if there is total control.  Any hate speech against the government cannot be tolerated.  Furthermore, whatever you possess may not even belong to a private business such as the bank.  Whatever you may have will really belong to the government which represents the whole of the people.  If you dispute the government, you will disappear. 

 

These marxist type politicians get into office when the voters are vulnerable such as they were vulnerable when the economy went down.  It becomes like some vulturous guy taking advantage of a lady that is coming off a bad love relationship.  It becomes at the very least pure slime.  The Congress and Senate has become infiltrated with this type of slime.  The stock market is not fooled by this.  When the slime begins to alleviate, the market will go up.

 

 

prior entry:  DEC 16

Closing Report:  The market is simply going sideways, but the averages are actually holding fairly well at or near the highs.  It may even become a buy in the near future if certain things fall into place such as the defeat of the Democrat health folly.  Then we must look to see if the institutions are willing to increase buying which so far they have not.  The banking stocks have been very weak.  However, the bank stocks may be getting real cheap and perhaps should be bought.  WellsFargo and Bank of America are going much higher this coming year, because these banks have already demonstrated profits in the making throughout the last quarter despite the poor economy.  Without these banks, the Obama Admistration has nothing to power the recovery.  Concerning Apple, it will go higher next year, and I will expect a stock split. 

 

prior entry:  DEC 11

Closing Report:  The market will simply wander around here until something definitive happens.  Right now, there is nothing definitive about the situation in Washington.  Each day, all we hear is that government officials are continually placing a strangle on the major corporations.  This government wants to control.  Eventually, the power that is within us Americans will turn the tide back to reality.  Investments should be made when things look the darkest.  We wait.

 

prior entry:  DEC 4

Midday Report:  (1:00 ET)  Despite the overall bearish situation, the Bank of America continues to look good for the future.  Of course, it is always better to buy on dips, but if you have BAC, it should be kept.  If you decide to buy, then it should not be a great risk at these levels or slightly below.  The 2011 January options are not very expensive at this time.  BAC is a powerful bank that can dominate the top position with Wells-Fargo.  BAC is now going to pay back TARP.  There is only one more thing that is holding it back, and that is the question of who will take over as CEO if Ken Lewis leaves.  I still think that Ken Lewis should stay rather than have some Obama puppet take over.  I also still believe that the Fed pressured BAC into buying Merrill-Lynch too soon.  Ordinarily, I do not like bank stocks, because the FDIC can close down a bank.  However, BAC is a very powerful entity that is a major player in the economy.  Eventually, we will see 80 to 100 on BAC over the coming years.

 

prior entry:  DEC 2

Closing Report:  The Dow and the Nasdaq are showing a double top as of the close.  If these averages cannot go above that formation very soon, it will signal as a bearish sign amidst other bearish signs.  The MACD and RSI continue to show lower levels from a few months ago when the averages were lower, and this is a bearish signal.  We should find out very soon how this will go.  Whatever the case, this is not the right time to buy into the market until these problems are resolved.  The Afghan problem is also a big negative since investors no longer have any faith in decisions coming from Washington.  The health care bill is going nowhere neither with a yes nor a no.  No one even wants to be a CEO any longer since you might easily end up in jail.  Only an idiot would take on the liability, and so we will end up with a bunch of idiots running the major corporations.  The low income class of politicians are even more crooked than the rich ones since the poor politicians are more apt to try to make up for lost time.  Employment taxes and self-employment taxes are eating business people alive.  The black people that voted for Obama are not better off.  The Mexicans that voted for Obama are also in the same boat.  There is one other difference which can be considered either a positive or a negative depending on your political view, and that is that the white population will soon be at the same level as the minorities.  Thus, we shall have distribution of poverty.

 

prior entry:  DEC 1

Midday Report:  (1:30 ET)  Concerning COPY:  The SID news release concerning epaper products  found at www.sid.org could be very relevant here if COPY has truly developed the product as implied.  The article at SID could very well be talking in terms of something generic.  However, this is the time to be buying COPY and not selling, because if COPY has the trademark and the product, then the future looks brighter.  I will leave it up to the people on the COPY message board to dig deeper into this.

 

prior entry:  NOV 30

Closing Report:  Wall Street people were actually shocked at the Dubai news.  What idiots!  I was not shocked at all.  Even the super rich have limitations.  Even the U.S. Government has limitations.  Perhaps the real shock is that Dubai  may relate to our own situation of spending beyond our means.  As per my last report, the market is on shaky ground.  Unless business is given economic incentives soon, we will get hit with a much bigger shock early next year.  Bankruptcies are going to increase both in business and at the personal level.  More and more individuals are not going to pay credit card debt.  My best advice is to save the home at all costs, because your home will eventually climb in value while your unsecured debts will drown you.  Stop borrowing on credit, and go onto a cash basis.  This applies to individuals and to the government.   Note:  Copytele should be held, but the general market remains bearish.

 

prior entry:  NOV25

Closing Report:  As per my last report, I will present a graph which justifies my comments concerning the weakness in RSI and MACD on the major averages.  I will use the NYA index which is a very broad representation of the New York Exchange.  I am using a chart which I borrowed from one of my resources who is also expressing the same concern as me.  This market could become a big buy once we see a decline in the NYA which would take RSI below the zero line.  The time schedule for this to happen could very well take several weeks.  I suggest that investors keep tabs on this index along with the MACD and RSI.

 

prior entry:  NOV 24

Midday Report:  (12:00 ET)  For the present, the market is really going nowhere.  There will most likely be a series of volatile moves both up and down.  Which way will it go eventually?  Right now, the indicators are not showing very bullish.  The strength indicators are showing a decrease with time even as the averages climb.  The RSI and the MACD are showing good results as can be seen from any chart.  The Nasdaq is in a deteriorating condition more so than the Dow.  Caution is advised especially when you consider all else that is going on.  The Dollar is continually sinking and no one in Washington seems to care.  The Red Chinese are even more concerned than we are about this matter.  The people that have been appointed to the financial agencies of our nation are totally incompetent.  Small business continues to be drained by taxes such as self-employment taxes and employment taxes.  We are at the point where those that are unemployed are not even given the incentive to start a business.  The best option for many people that are in trouble may even be to do business underground where income is not even reported.   Furthermore, there is so much incompetence in the membership of Congress which has been demonstrated with the allocation of stimulation funds.  The market will move higher if the health care bill is turned back for revision.  This may take a while.  Meanwhile, the Japanese market is also going into trouble along with the Chinese.  We are their best customers and we are in deep trouble.  Yet, we see people buying i-pods and i-phones like crazy.  When in depression, listen to music.  Listen to music as Rome burns.

 

prior entry:  NOV 20

Closing Report:  There was a glitch that occurred at the server level of the message board provider this morning.  As a result, it threw all the settings right out of the window.  I had to work with them to set everything back into place.  I hope all is okay at present.  I have been thinking about setting up a message board at my own server website as a secondary board and have it reserved for shareholders only.  I am looking into the idea.  Meanwhile, we wait for the Senate vote on health care to see if the reaction is positive for the market.  At this point, I believe that the market does not like the health care bill.

 

prior entry:  NOV 17

Midday Report:  (1:45 ET)  So many of the big name people have proclaimed this as the worse time since the Great Depression.  My opinion differs.  This has been just a normal recession as any of the recent ones that we have all witnessed.  The fear that has been instigated by those in power has been just a ploy to control people.  It was a means to take control.  IBM is now at all time highs along with Apple.  Many of the major corporations are actually in very good shape except for the stock price.  As you should know by now, stock price and reality are two different animals.  Whether it be health care or the government takeover of the banking industry, it all points to control being exercised over you.  This recession came just at the right time for someone like Obama to gain power with the help of his party by purposely dumping Hillary.  Howard Dean, of the Democrat Party, knew very well that Obama could be used to foster the far left agenda.  Clinton was too moderate for the party agenda.  As usual, control comes by means of getting the population to believe that the central authority knows what is best.  Of course, since the government now owns much of AIG and GM along with obligations from many of the banks, it will eventually push to take the market higher.  There is always the chance that those in power may even want more control by first taking the market lower in order to grab more resources from the private sector.  The private agencies (such as AARP) that are going with Obama are doing so in order to make money.  You should know by now that making money for management will always have priority over the membership.  In other words, the company (management) comes first and the stockholders come second.  I still find it hard to believe that Hillary Clinton will be able to put up with Obama for all four years especially if the President does not follow her advice on international affairs. 

 

prior entry:  NOV 12

Midday Report:  (12:00 ET)  Why is the market just hanging here on the edge to nowhere.  Do you still remember Ron Reagan?  He had a definite plan of action, and we all knew exactly where we were going with it.  Now, we have Obama, who has no plan of action regarding the economy except to spend our way out of this.  Spending is not much of a plan.  Obama's main concern (while Rome burns) is the health care issue which has nothing to do with the present situation on the economy.  Furthermore, the insanity goes even further with the theory that raising taxes will be good for the economy.  Obama has surrounded himself with incompetence (people who seem to hate capitalism).  So what do you expect?  The U.S. economy would do better if left all by itself without the interference of the stupidity of those in the House of Reps and the White House.  Both Apple and IBM are doing just fine.  Why is this?  Because Apple and IBM does not need the great wisdom of government to produce a profit.  Steve Jobs of Apple is certainly much smarter and more intellligent than Obama and Pelosi and Frank put together.

 

prior entry:  NOV 10

Midday Report:  (12:30 ET)  The averages continue to advance in spurts in the face of increased institutional selling or lack of buying.  Be careful on any new buying at this time.  I have made a comment on Hasan relating to something he said when he left Walter Reed which I placed on the front page.  Has common sense gone completely to pot in this country?  When will this insanity stop?  Okay, so now we have a marxist government leader, and the real Democrat party has been hijacked by a minority group of deviants.  We are in deep crap unless this is stopped in the next election.  If you are a true Democrat, save your party from Pelosi and Howard Dean.  Otherwise, we will see the D's and R's replaced with I's.

 

prior entry:  NOV 8

Sunday Report:  If the market does advance in the face of the proposed health bill, it will not be because it passed in the House.  It will be because it will not pass in the Senate.  When I saw the vote numbers, I was somewhat shocked.  The bill passed by only 5 votes.  That shows you just how good this thing really is.  Pelosi is claiming a great victory based on only 5 votes.  The vote is really a great embarrassment for the backers of the bill.  I do believe that the market will eventually advance based on the idea that this particular health bill will either fail or be greatly modified or replaced with something that makes sense.   Even President Obama does not have any common sense by trying to force the Senate into buying this thing.  In order for the government option to become feasible, it will take an evolution of time.  Many years from now, it may become feasible.  It will take a number of steps for changes to occur in a secure fashion.  Trying to go from the earth to the outer planets without setting up bases along the way is reckless.  There will not be enough doctors to handle the system.  If everyone had health care policies, the medical facilities would be full of people complaining about every little pain they may have.  The far left liberals are naive.  They simply cannot even comprehend the effects of placing this system on the population over a short period of time.

 

prior entry:  NOV 6

Midday Report:  (12:45 ET)  Although a short term advance is always to be expected when any support level is hit, the problem of a downtrending MACD or RSI line cannot be disregarded.  You should easily be able to note that the MACD and RSI lines are continually going lower even as the Dow, S&P and Nasdaq have trended higher.  This is a big problem.  It simply means that buying should be curtailed or stopped completely until something more positive occurs.   You should also note that the banks have done poorly on all recent advances.  This is not good.  Meanwhile, gold has gone even higher while the dollar remains in trouble.  The Fed has no idea of what to do, and President Obama has surrounded himself with incompetence.  Congress is spending almost 100% of its time on health reform which will not help the economy.  The bills which are being passed are meant to fight fires and not to prevent the starting of fires.  Now, are we supposed to be so shocked that we even have devoted Muslims in the millitary with high rank?