Posted on February 9, 2010 @ 6:25 am - Written by Max Whitmore
Sorry for the tardiness — family priorities.
2-8-10
CURRENT BUY – 100% of stock allocation $$$
KEYLINE 7-25-09 BUY 50% allocation only (S&P @ 970)
SIGNAL 10-9-09 BUY balance of 50% (S&P @ 1071)
1-25-10 SPECIAL INSTRUCTIONS ALL SUBSCRIBERS:
Establish stops on volatile stocks 12% below highest high last six months.
Use 25% stop for “Steady Eddie” stocks. Check each day to see if any close
below stop. If so, execute that exit the next day, at the open. These
instructions hold until we close above S&P 1160 (if we do). Read the rest of this entry »
Posted on February 8, 2010 @ 12:12 pm - Written by Max Whitmore
2-5-10
LOOK AT THE NEW KEYLINE FEATURES BELOW!
CURRENT BUY – 100% of portfolio stock allocation $$$
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 close below stops. If so, execute that exit the next day at the open. These instructions hold until we close above S&P 1160 (if we do).
I watched the trading on Friday with some fascination because it was the possible day that the important support at 1040 might be broken. And while we did come close intraday at 1044.50, the only number that finally counts to the Keyline on the weekly chart is the closing number. And at the end of the day, we didn’t break the Keyline. Read the rest of this entry »
Posted on February 6, 2010 @ 7:29 pm - Written by BawldGuy
Most of us as kids went through the adventure of moving — some of us more than others. The first move I can remember actually experiencing was when I was seven — I spoke of that last week. Mom had landed a pretty cool job as executive assistant for Scott Crossfield, one of THE coolest bipeds ever to grace the planet. ‘Course, back in those days a woman was almost never an executive anything, so she was known as Scott’s secretary. Never mind that she pretty much ran things around that office. Scott knew though — what a great guy. He died recently — flying of all things. It was the way he wanted to go. His life was almost fictionally incredible. But that’s another story.
So there I was, nine years old, wondering how in the world I’d been bodysurfing in paradise one day, sittin’ on purgatory’s curb in 90° heat the next. Not a friend in the world. In a strange neighborhood, and as far as I was concerned, a galaxy away from anything that had been my former life. There was no God. Read the rest of this entry »
Posted on February 6, 2010 @ 11:37 am - Written by Max Whitmore
BawldGuy Note: Though this is yesterday’s update by Max, it was delayed due to the snowstorm bringing a foot of snow to Ohio, not to mention his neighbor’s 150 year old tree it felled.
2-5-10
CURRENT BUY – 100% of 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
Well, today was a really tough day for the market. We did go as low as 1044 on the S&P cash intraday and that is not good at all. And I will make one other observation. As the market trended lower and lower into the late part of the session, I was beginning to feel that we just might break the 1040 area, a crucial support. Read the rest of this entry »
Posted on February 5, 2010 @ 2:09 pm - Written by BawldGuy
What a way to enter the weekend. Brian Brady is a mortgage broker for whom I hold the utmost respect. I’ll go further, saying he’s one of the 2-3 most knowledgeable mortgage guys I’ve ever met in person. I’ve met a few in my 40+ years on the job. 
A coup for me today, as Brian has not only agreed to be the go-to guy for my clients’ Self-Directed IRA real estate purchases, he’s also agreed to become a BawldGuy Talking contributor. The rest of this weekend is icing.
Brian is approved to make these loans in all the states still on ‘the list’. At this point i think there are about four states where those loans are virtually impossible to obtain. The good news? They love Texas — and for the same reasons I’ve been yelllin’ from the mountain top about for a few years now. California? They require 50% down here. Turns out I’m not the Lone Ranger after all. Investing here in the Golden State can be very profitable, but pretty much for those with very large stacks of gold. (More on that soon. Hint, hint.)
Brian will begin contributing here shortly — and regularly. He’ll be talkin’ about what goes into the loan process when acquiring investment property through your self-directed plan. You’re gonna love this guy. A couple three years ago he did for me from California what Texas lenders said couldn’t be done — and in their own backyard. It was big time fun to watch in real time as a fly on the wall. Talk about being schooled.
You can contact me at 619 889-7100. Have a good weekend.
Posted on February 5, 2010 @ 4:00 am - Written by BawldGuy
Ever walked into a movie you’d really been lookin’ forward to, only to learn they’d totally mislead you with the trailers? We all have, and with an exception or two here and there, it rarely turns out to be a movie we like. Don’t ya hate it when the happens? For me, the worst time was when I went to what I thought was a comedy, which sadly turned out not only NOT a comedy, but a chick flick to boot. How it got past my ChickFlickRadar™ I’ll never know.
This is one of those nuts ‘n bolts things every real estate investor should know. The IRS doesn’t usually buy the whole ‘dog ate my homework’ — ‘I had no idea’ type of excuse when it comes to unintentionally recognized capital gains. So, heads up. Read the rest of this entry »
Posted on February 4, 2010 @ 4:05 pm - Written by Max Whitmore
2-4-10
CURRENT BUY – 100% of 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
Well, not much to say about the market today except — it broke. The break down is still not totally decisive, but this is a bad day going into the employment report tomorrow. The culprit was not even the U.S. financial reports. It is the problems in Europe that I have off and on mentioned the last two weeks in the “TALK ABOUT” section below. The Euro is now falling apart as an alternative currency. You will note that the Dollar today was very strong, in fact it broke up through its Keyline. The break was not a lot, granted, but it is there. It and the bonds, gaining well over a point, are now “safe haven” buys. Not good for stable markets. Read the rest of this entry »
Posted on February 3, 2010 @ 2:34 pm - Written by Max Whitmore
2-3-10
CURRENT BUY – 100% of 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).
GOLD AND THE DOLLAR
As you know I include the Gold and Dollar charts each Wednesday and the Copper and Crude Oil charts each Friday. So, today we look at Gold and Copper. The GOLD chart pretty well shows the bounce up off the support at the $1.075 support I defined several weeks ago. Also note that the green line (fast sto) in the MOMENTUM SECTION of the chart (bottom) shows that it is still only at the 30 area, leaving a lot of room for higher prices to come. And I do think that the recent pullback in Gold will now lead to a test of the $1,120-30 area or so. The real test here is the ability to see prices close over the near term resistance at about the $1,135-40 area. A close above this level would the very likely see a test of the last high area in the $1,200 area. But, not to get ahead of ourselves. I suspect that the test for higher prices will be dragged out over several weeks (about 10 trading days. Over the long term this level is a very good buying area. Short term (30-60 days) maybe let’s see if the price can break the $1,135-40 area then buy, for some short term profits. Read the rest of this entry »