More on the 200dma

Here is more on the 200dma. Again, no reason to panic today as we are back where we were in early June an much of the fear is what has already driven the markets down. JMHO of couse.

Amplify’d from finance.yahoo.com

Below 200-Day MA - False Alarm or Historic Sell Signal?

In terms of prominence, the 200-day moving average (MA) is the VIP of technical indicators. The 200-day MA is perceived to be the dividing line between a stock that is technically healthy and one that is not.

See more at finance.yahoo.com

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Panic in the Markets!

Lots of negative vibes out on the market today.  $$   Is it time to go long stocks?

 

The market is retesting the June lows.  For those of us with cash on the sidelines, not a bad place to bet against the panic.  Can always get out if it drops more.

 

Yes, the market is below the 200dma and the 50dma is trending lower.  I was listening to someone say that this is not the time to be buying stocks.  Yet, when we look back at the market, there does come a point each and every time when the market is like this that it is the exact time to buy. 

 

Is this now?  That’s the question!  The market still in the historically bad period (Summer).  We’re in the mid-term election year, which usually sees a sell-off followed by a rally. 

 

I remain with lots of cash on the sidelines, but may put some money back to work.

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Saturday Randomosity and Rachel McAdams!

• Baseball.  iPhones.  Basketball.  X-rated domains.  A little bit of everything this week, sprinkled heavily with salt.


• I'm heading to a Sacramento Rivercats game tomorrow.  Temperature expected to be 101 degrees. I'm sure my seats are in the sunshine.  I think I'll be watching, standing up, from the concourse level.  Misters, got any misters?


• So the Apple iPhone antenna is set in such a way that right-handed folks can obscure the antenna and kill phone reception.  Nice!  And Steve Jobs answer?  Don't hold it that way, foooools!  (Okay, I added the foooools part.  But I have a hunch that's what he was thinking).


• A new x-rated domain for the internet, XXX.  If you build it, they will come.  Maybe they will come more than once.  Just saying.  Bah.


• NEWSFLASH:  Americans eat too much salt.  Ya think?


• I'm a Lakers fan stuck here in Kings country, but the Kings made a nice draft pick in DeMarcus Cousins.  I guess things always look good on draft day, but I think this kid is a winner winner chicken dinner.


• For new phone seekers, there is the Verizon Droid X.  But who would want to switch to a limited data plan if you're already grandfathered in to an unlimited data plan with ATT?


• Picture is of Rachel McAdams.  I realized that the 3 most recent movies I've watched star the very attractive woman.  Coincidence or am I a stalker?  I watched The Time Travelers Wife last night.  It was okay.  Not bad.  A little slow, but interesting.

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Are Unemployment Benefits a Jobs Program?

I heart the WSJ James Taranto. Here via Orange Punch we look at the failure to extend unemployment benefits, and wonder if it is really a setback to jobs.

As I mentioned earlier, it sounds heartless to deny benefits to the unemployed. Yet, I do agree with Taranto and the folks at Orange Punch.

Amplify’d from orangepunch.ocregister.com

The Associated Press reported today that the Democrats suffered a set-back on their “jobs agenda.”

Says AP: “The demise of Democrats’ job-agenda legislation means that unemployment benefits will phase out for more than 200,000 people a week.”

Yep. As the Wall Street Journal’s James Taranto put it: “Paying people not to work is a ‘jobs agenda’ in the same sense as, per Orwell, ignorance is strength or war is peace.”

And if that’s not Orwellian enough for you, Taranto adds “The failed bill also would have pumped federal money into state governments…” Read more at orangepunch.ocregister.com

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Secular Bull and Bear Markets

Always worth paying attention to market cycles. I think we are still in the secular bear market that began in 2000.

Amplify’d from www.tradersnarrative.com

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TGIF Randomosity

• 77% of iPhone sales were upgrades. $AAPL has brand loyalty but also getting new folks. And those are the early adopters!
• Financial reform package won't affect Wall Street much. Don't these guys in Congress get lots of money from Wall Street? Just wondering.
• Hurricane heading towards oil spill? You knew it was going to happen. In the movies, this is where Bruce Willis would go down to the gulf and stop the leak. Or Captain Picard would have Laforge target the deflector array on the hurricane to change its course. But, this isn't Hollywood.
• The stock market meandering around. Lots of negative stuff out there, and I think that we will still have lots of chop through the summer.

Hulu to Charge Subscription?

Ugh. I watch a lot of TV through Hulu to my TV. The last thing I want is yet another monthly subscription. I suppose they see a chance to make money, but it seems as if Hulu has increased the number of commercials already.

Amplify’d from www.wallstreetjournal.com

Hulu Could Begin Testing Subscription Service This Month

Online video site Hulu could begin testing a paid subscription service as early as later this month, according to people briefed on the plans, a high-profile test of whether consumers will pay to watch television shows online.

The service would initially be a "preview," available only to invited users, said the people briefed on the matter. Those users would pay a monthly fee of around $10 for access to additional content on top of Hulu's free offerings, and also get the ability to watch Hulu on Apple Inc.'s iPad and possibly other devices, said one of these people.

This person cautioned that the timing could be pushed back and some details could change. Read more at www.wallstreetjournal.com

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