Posted on February 27, 2011 by Killian Bundy
Last week, all the major indices turned lower. The Dow skidded 2.1%, the Nasdaq dropped 1.9%, the S&P 500 fell 1.7%, and the NYSE composite lost 1.5%. The IBD outlook rolled back over to “uptrend under pressure” due to some heavy institutional selling early in the week. Be prepared to play portfolio defense at a moment’s notice.
Since the current market uptrend is under pressure, it’s not advisable to make any new purchases until the uptrend resumes. However, if you must trade dangerously, there are four watch list stocks within a proper buy range this week, BIDU, INFA, AAPL, and CTSH.
All four stocks have found support at their ten week lines. BIDU, trading at $120.59, is in buy range up to $138.21. INFA, trading at $47.65, is in buy range up to $52.25. AAPL, trading at $348.16, is in buy range up to $383.14. CTSH, trading at $76.51, is in buy range up to $81.52.
/as usual, your mileage may vary, always do your own homework
Filed under: Blog Entry | Tagged: IBD, Investing, Investors Business Daily, Stocks, Watch List | Leave a comment »
Posted on February 26, 2011 by Killian Bundy
We can now add Oman to the ever growing list of teetering or toppled Muslim country governments that already includes; Pakistan, Lebanon, Tunisia, Egypt, Yemen, Algeria, Bahrain, and Libya.
Oman clashes: Two killed during protests in Gulf state
Two people have been killed in clashes between security forces and protesters in the Gulf state of Oman, witnesses and officials said.
Hundreds had gathered for a second day in the industrial city of Sohar to call for political reforms.
At least five people were said to have been wounded when police fired tear gas and rubber bullets at protesters.
Until now, Oman had mostly been spared the unrest which has affected other Arab states in recent months.
Demonstrations are also taking place in the southern town of Salalah, according to Reuters news agency.
Protests turn violent in Oman port
Deaths in Oman protests
Middle East unrest spreads to Oman
Oman shuffles cabinet amid protests
Oman police clash with protesters
Two Killed In Oman As Protesters Clash With Security Forces
Clashes Between Police, Protesters Kill 2 in Oman
Anti-Govt. Clashes Kill 2, Injures 5 in Oman
Protesters clash with police in Oman
Two dead as Oman police move to quell protests
Police station, state office burning in Oman town
Six killed in Oman protests on Sunday: government hospital
Factbox: Facts about Oman
Oman is yet another country in political turmoil that borders Saudi Arabia. If this unrest consumes Saudi Arabia, all world economic hell will break loose and you can expect to pay a lot more for a gallon of gas. Will the Saudis be able to keep the wave of regional ant-government rebellion from splashing across her borders?
/we probably won’t have to wait long to find out, youth groups and workers in that country now calling for a “day of rage” demonstration in the capital, Riyadh, on March 11th
Filed under: Blog Entry | Tagged: Algeria, Arab States, Bahrain, Clashes, Demonstrations, Egypt, Gathered, Gulf State, Industrial City, Killed, Lebanon, Libya, News Agency, Officials, Oman, Pakistan, Police, Political Reforms, Protesters, Protests, Reuters, Reuters News Agency, Rubber Bullets, Saudi Arabia, Security Forces, Sohar, Southern Town, Tear Gas, Tunisia, Unrest, Witnesses, Wounded, Yemen | 1 Comment »
Posted on February 23, 2011 by Killian Bundy
Well, surprise, surprise.
Gaddafi Ordered Lockerbie Bombing, Says Resigned Libyan Minister
Libya’s Justice Minister who quit the post in protest against the brutal repression of anti-government protests has alleged that Libyan leader Moammer Gaddafi ordered the 1988 bombing of a U.S. airliner over Lockerbie, Scotland.
Mustafa Abdel-Jalil, who resigned on Monday, told Sweden’s Expressen daily that he had proof that the despot gave the order for the deadliest attack blamed on Gaddafi’s regime that claimed 270 lives.
LIBYA: Defected justice minister claims Kadafi ordered Lockerbie bombing, says Libyan leader’s days are numbered
Gaddafi ordered Lockerbie bombing, ex-minister claims
Gaddafi accused of ordering Lockerbie bombing
Libyan Justice Minister Accuses Gadhafi of Personally Ordering Pan Am 103 Bombing Over Lockerbie, Scotland
Did Gaddafi order Lockerbie bombing?
Yes or no: Was he really behind act of mass murder?
Gaddafi ‘ordered Lockerbie bombing’
Ex-minister claims Gaddafi personally ordered Pan Am terror bombing
Indict Gaddafi for the Lockerbie bombing
Former justice minister: Qaddafi ordered Lockerbie bombing
Report: Ex-minister says Gadhafi ordered Lockerbie
Report: Gadhafi ordered Lockerbie jet bombing
‘Gaddafi called for Lockerbie bombing and covered it up’
Kadhafi ordered Lockerbie bombing: ex-minister tells paper
Pan Am Flight 103
It’s just a matter of time now. Gaddafi is holed up in a section of Tripoli and he’s fast running out of friends with heavy weapons that haven’t already switched sides. There’s no way he gets out of this uprising alive. The sooner Gaddafi is dead, the better, let’s get this over with. And if the U.S. needed any more reason to pick sides in this revolt, besides the fact that Gaddafi is massacring civilians, this Gaddafi personally ordered the Lockerbie bombing confirmation should be impetus enough to get our ass off the sidelines of this conflict.
/at a minimum, we should be enforcing a no fly zone over Libya to prevent Gaddafi from using what’s left of his air power to bomb and rocket even more civilians
Filed under: Blog Entry | Tagged: Alleged, Anti-Government Protests, Attack, Bombing, Brutal, Brutal Repression, Despot, Expressen, Gave The Order, Justice Minister, Libya, Libyan, Libyan Justice Minister, Libyan Leader, Libyan Minister, Lockerbie, Lockerbie Bombing, Moammer Gaddafi, Muammar Gaddafi, Mustafa Abdel-Jalil, Order, Pan Am Flight 103, Proof, Protest, Protests, Regime, Repression, Resigned, Resigned Libyan Minister, Scotland, Sweden, U.S. Airliner | Leave a comment »