CURRENT BUY – 100% of portfolio stock allocation $$$
KEYLINE 7-25-09 BUY 50% allocation only (S&P @ 970)
SIGNAL 10-9-09 BUY balance of 50% (S&P @ 1071)
1-25-10 SPECIAL INSTRUCTIONS ALL SUBSCRIBERS:
Establish stops on volatile stocks 12% below highest high last six months. Use 25% stop for “Steady Eddie” stocks. Check each day to see if any close below stop. If so, execute that exit the next day, at the open. These instructions hold until we close above S&P 1160 (if we do.)
THE BOTTOM LINE
You will note ion the NUMBERS SECTION that all but two of the indices we follow are less than 20% from their supports. That is pretty much the story across the board. Investors are testing supports. The DOW support was broken several days ago, otherwise it would be in the under 20% group. Watch the supports now because if some begin to break, we can look for a real full court press by the bears to really take over. Will they do it? From what the charts are saying right now, no. But, if this test can be prolonged for 8 or 10 days, then the MOMENTUM SECTION green lines (fast sto) may fall too far and th4 rally setups that are now appearing might all fail. Too soon to tell.
But, again I reiterate, do your homework. Get the stops established on every stock you own. See above for the specific instructions on how to do this. And if you decide to use a closer stop on the “Steady Eddie’s’ than my 25%, that is just fine. And always remember that you sell off the portfolio regardless of stops if the sleep test is saying so. Remember the sleep test? You sell off the portfolio until you can sleep well at night. No one will blame you and your actions will likely bring peace to the home front, too.
Not much comment to give on the bonds, just treading water for the moment. But, note that the Copper is right down on support, after a big drop today. That is important. Could be telling us that investors are now more worried about DEflation than inflation. We will have a better picture on this in the next week or so.
And at the other end of the spectrum, the dollar is quietly challenging its Keyline at 79.55. Will it break up through it?? Hate to keep repeating myself, but need several more days to know. But the MONMENTUM SECTION has very high green line (fast sto) readings (closed at 85.47 today). And Gold is approaching its support, only $10 above it. SO, lots to watch to see where this market is going. Stay close in here. This is a very important moment in the big rally we have been in since last March!!!
NEED SOMETHING TO TALK ABOUT TONIGHT?
SIX STORIES IMPACTING THE MARKET TODAY
1. Fast trains worth $8 Billion? Maybe not, but it looks good. Need a lot more $$$ to do it right.
2. If you knew him, it is a loss. J.D. Salinger dies today at 91. “Catcher in the Rye” mean anything??
3. Is Apple’s new IPAD a game changer? Market seems to have lots of questions. Big selloff in Tech.
4. Greece financial problems hitting the Euro hard. Down big since its high in the summer. Not good.
5. Employment numbers not so good and investors get more antsy. Are they justified? Hummmm????
6. Vote to confirm Bernanke as Fed Chair for second term nears voter. Volcker supports on sidelines.
MY TAKE: #6 is important. Lots of politics here, as Congress seeks to get more control over the Fed – the worst possible outcome. #3 will eventually be a game changer, as I see it. Just like the IPod and IPhone were. And #4 has very wide potential bad implications. Read up on this as you can. Important! Finally, #5 is what drove the market all day. Expect more of the same until those numbers improve.
Note: All closes at 4pm using continuous cash contract results
Disclaimer
** The top five sector stocks shown are stocks that are above their Super Chart Keyline and between $5 and $35 in price have been randomly selected from the stocks in the each sector. Their inclusion in the Report is not to be interpreted as a buy recommendation nor is the exclusion of others above their Super Chart Keyline to be interpreted as a sell recommendation. This data is given for informational and research purposes only, as we do not make buy or sell recommendations at any time under any circumstances.
?***Max Whitmore, “The Keyline Report”, and “MUNCHIN’ On the Number”report does not endorse or suggest any of the securities which are mentioned in any way in its Reports. They are provided purely for informational and research purposes only. Max Whitmore, “The Keyline Report,” and “MUNCHIN’ On the Number” do not recommend particular securities to anyone, ever, under any circumstances. The statements made herein include information obtained from sources we believe to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness in any manner whatsoever. You should not make any investment decisions of any sort based solely on what you read in the Keyline or MUNCHIN’ Reports. The statements made herein contain general information and do not constitute an offer to buy or sell any security of any description. Subscription to any of the Reports mentioned above is consent by the subscriber of full release of Max Whitmore and the Reports mentioned herein from any claims or actions of any description, legal or otherwise, against Max Whitmore or the Reports. All material herein is Copyright 2010 by Max Whitmore. All rights reserved.
THE BOTTOM LINE
You will note ion the NUMBERS SECTION that all but two of the indices we follow are less than 20% from their supports. That is pretty much the story across the board. Investors are testing supports. The DOW support was broken several days ago, otherwise it would be in the under 20% group. Watch the supports now because if some begin to break, we can look for a real full court press by the bears to really take over. Will they do it? From what the charts are saying right now, no. But, if this test can be prolonged for 8 or 10 days, then the MOMENTUM SECTION green lines (fast sto) may fall too far and th4 rally setups that are now appearing might all fail. Too soon to tell.
But, again I reiterate, do your homework. Get the stops established on every stock you own. See above for the specific instructions on how to do this. And if you decide to use a closer stop on the “Steady Eddie’s’ than my 25%, that is just fine. And always remember that you sell off the portfolio regardless of stops if the sleep test is saying so. Remember the sleep test? You sell off the portfolio until you can sleep well at night. No one will blame you and your actions will likely bring peace to the home front, too.
Not much comment to give on the bonds, just treading water for the moment. But, note that the Copper is right down on support, after a big drop today. That is important. Could be telling us that investors are now more worried about DEflation than inflation. We will have a better picture on this in the next week or so.
And at the other end of the spectrum, the dollar is quietly challenging its Keyline at 79.55. Will it break up through it?? Hate to keep repeating myself, but need several more days to know. But the MONMENTUM SECTION has very high green line (fast sto) readings (closed at 85.47 today). And Gold is approaching its support, only $10 above it. SO, lots to watch to see where this market is going. Stay close in here. This is a very important moment in the big rally we have been in since last March!!!
NEED SOMETHING TO TALK ABOUT TONIGHT?
SIX STORIES IMPACTING THE MARKET TODAY
1. Fast trains worth $8 Billion? Maybe not, but it looks good. Need a lot more $$$ to do it right.
2. If you knew him, it is a loss. J.D. Salinger dies today at 91. “Catcher in the Rye” mean anything??
3. Is Apple’s new IPAD a game changer? Market seems to have lots of questions. Big selloff in Tech.
4. Greece financial problems hitting the Euro hard. Down big since its high in the summer. Not good.
5. Employment numbers not so good and investors get more antsy. Are they justified? Hummmm????
6. Vote to confirm Bernanke as Fed Chair for second term nears voter. Volcker supports on sidelines.
MY TAKE: #6 is important. Lots of politics here, as Congress seeks to get more control over the Fed – the worst possible outcome. #3 will eventually be a game changer, as I see it. Just like the IPod and IPhone were. And #4 has very wide potential bad implications. Read up on this as you can. Important! Finally, #5 is what drove the market all day. Expect more of the same until those numbers improve.
INSERT NUMBERS SECTION CHART HERE
Note: All closes at 4pm using continuous cash contract results
Disclaimer
** The top five sector stocks shown are stocks that are above their Super Chart Keyline and between $5 and $35 in price have been randomly selected from the stocks in the each sector. Their inclusion in the Report is not to be interpreted as a buy recommendation nor is the exclusion of others above their Super Chart Keyline to be interpreted as a sell recommendation. This data is given for informational and research purposes only, as we do not make buy or sell recommendations at any time under any circumstances.
***Max Whitmore, “The Keyline Report”, and “MUNCHIN’ On the Number”report does not endorse or suggest any of the securities which are mentioned in any way in its Reports. They are provided purely for informational and research purposes only. Max Whitmore, “The Keyline Report,” and “MUNCHIN’ On the Number” do not recommend particular securities to anyone, ever, under any circumstances. The statements made herein include information obtained from sources we believe to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness in any manner whatsoever. You should not make any investment decisions of any sort based solely on what you read in the Keyline or MUNCHIN’ Reports. The statements made herein contain general information and do not constitute an offer to buy or sell any security of any description. Subscription to any of the Reports mentioned above is consent by the subscriber of full release of Max Whitmore and the Reports mentioned herein from any claims or actions of any description, legal or otherwise, against Max Whitmore or the Reports. All material herein is Copyright 2010 by Max Whitmore. All rights reserved.
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