The Tech Sector is very over-bought...look for some consolidation or short-term profit-taking...

Technology  – The XLKs gapped up after breaking through the $70 - 72 resistance zone and are very overbought. The last four times that they were this overbought – last July, August, October and again in February, a meaningful selloff followed. [b] Look for some consolidation or short-term profit taking.

My definition of 'overbought' means that they are trading more than two standard deviations higher than their twenty day moving average. By definition, 95% of all trading should be within two standard deviations of the average. If trading is outside of this range, either to the upside or downside, then there is a significant chance that the short-term trend will revert.

If they do head lower there may be support around the $72 level because it was the top of the recent resistance zone.

Who Wants To Be A Genius?

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So it’s pretty obvious that Elon Musk is a genius. He is the founder, CEO, and lead designer of SpaceX; co-founder, CEO, and product architect of Tesla, Inc. co-founder and CEO of Neuralink; and co-founder of PayPal. In December 2016, he was ranked 21st on the Forbes list of The World's Most Powerful People.

You are probably aware of his recent erratic behavior. This includes things such as saying his publicly traded company was bankrupt as a April Fools joke, saying the company had financing to go private when it didn’t, calling one of the divers that helped rescue the Thai soccer team ‘pedophile’, and the smoking weed on TV.

Of course, erratic behavior is nothing new for geniuses. Unfortunately, the lives of many of them turn out to be quite tragic.


Kurt Godel was a logician, mathematician, and philosopher. He is considered to be one of the most significant logicians in history. Gödel made an immense impact upon scientific and philosophical thinking.

Gödel published his two incompleteness theorems in 1931 when he was 25 years old, one year after finishing his doctorate at the University of Vienna. The first incompleteness theorem states that for any self-consistent recursive axiomatic system powerful enough to describe the arithmetic of the natural numbers (for example Peano arithmetic), there are true propositions about the naturals that cannot be proved from the axioms. To prove this theorem, Gödel developed a technique now known as Gödel numbering, which codes formal expressions as natural numbers.

Later in his life, Gödel suffered periods of mental instability and illness. He had an obsessive fear of being poisoned; he would eat only food that his wife, Adele, prepared for him. Late in 1977, she was hospitalized for six months and could no longer prepare her husband's food. In her absence, he refused to eat, eventually starving to death. He weighed 29 kilograms (65 lb) when he died. His death certificate reported that he died of "malnutrition and inanition caused by personality disturbance" in Princeton Hospital on January 14, 1978.

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Alexander Growthendieck was a stateless mathematician (naturalized French in 1971) who became the leading figure in the creation of modern algebraic geometry. His research extended the scope of the field and added elements of commutative algebra, homological algebra, sheaf theory and category theory to its foundations, while his so-called "relative" perspective led to revolutionary advances in many areas of pure mathematics. He is considered by many to be the greatest mathematician of the 20th century.

In 1991, Grothendieck moved to a new address which he did not provide to his previous contacts in the mathematical community. Very few people visited him afterward. Local villagers helped sustain him with a more varied diet after he became delusional and tried to live on a staple of dandelion soup After his death, it was revealed that he lived alone in squalor as a hermit in a house in Lasserre, Ariège, a small village at the foot of the Pyrenees.

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Alan Turing was an English computer scientist, mathematician, logician, cryptanalyst, philosopher, and theoretical biologist. Turing was highly influential in the development of theoretical computer science, providing a formalization of the concepts of algorithm and computation with the Turing machine, which can be considered a model of a general purpose computer. Turing is widely considered to be the father of theoretical computer science and artificial intelligence.

Turing was prosecuted in 1952 for homosexual acts, when by the Labouchere Amendment, "gross indecency" was a criminal offence in the UK. He accepted chemical castration treatment, with DES, as an alternative to prison. Turing died in 1954, 16 days before his 42nd birthday, from cyanide poisoning. An inquest determined his death as suicide.

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Wile E. Coyote was a Sup-A-Genius who spent twenty years trying to accomplish his goal of catching the Roadrunner. He finally does, only to find that his initial jubilation soon turns to despair.

So, in conclusion, being a Genius isn’t all that it’s cracked up to be. That is why I decided a long time ago to not be one.

These Seven Stocks pay the Largest Dividends of all the stocks that trade on NASDAQ. Or do they?

Many investors like to invest in companies that pay high dividends. And that makes sense because there are many advantages including a steady stream of income and the ability to have the dividends reinvested into the stocks.

According to NASDAQ.com, these seven companies are currently paying the highest dividends of all the stocks that trade on the NASDAQ. At first glance they all seem extremely high to me, and we all know that there is no such thing as a free lunch on Wall Street, so I decided to take a look at each one to see if I could figure out what is going on.

At the top of the list is the Credit Suisse AG Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). (Say that three times fast!) This ETN provides the return of a front-month oil ETF, USO, coupled short positions in USO calls expiring in the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation.

NASDAQ.com says that it has an annualized dividend of $6.38 with a current yield of 29.4%. Wow! That is pretty high.

But something here doesn’t make sense. You can see on the chart below that the yield is actually 13.35%. This is the same number that Yahoo Finance has. CNBC.com says the dividend is 16.5%.

So, what is going on here? Why the discrepancy?

Well, this ETN pays a dividend every month. The January dividend was $.53. If they paid that every month then the annual dividend would in fact be 29%. However, the amount of the dividend varies by month. For example, last March it was only $.04 and this would equate to an annual dividend of just over 2%. The January dividend is probably an anomaly and NASDAQ didn’t take that into consideration when they calculated the numbers.

So this ETN clearly isn’t as attractive of an investment as its top place on the list would suggest.

Second on the list is AMERISAFE, Inc (AMSF). It is a holding company that engages the provision of workers' compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, trucking, logging and lumber, manufacturing and agriculture. The current annual dividend is only $.88 but NASDAQ says that it has a current yield 24.3%. Ycharts says dividend yield is 1.43%

Why is there a discrepancy? What the heck is going on here?

In the first three quarters the dividend was $,22, so if the fourth quarter dividend was $.22 as well then the annual dividend would in fact be $.88. However, in the fourth quarter the dividend was $3.72. They pay a large dividend every fourth quarter. The stock price is marked down by this amount. The NASDAQ calculation assumes that they pay $3.72 every quarter so once again their numbers are misleading. AMSF does not pay a 24% annual dividend.

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The iShares 1-3 Year International Treasury Bond ETF (ISHG) pays the third highest dividend according to NASDAQ. The iShares 1-3 Year International Treasury Bond ETF seeks to track the investment results of an index composed of non-U.S. developed market government bonds with remaining maturities between one and three years.The annual dividends are reported as $17.19 which equates to a yield of 21.8%. Ycharts says dividend yield is 1.8%.

Again, the NASDAQ numbers are misleading. At the end of the year it paid a special dividend of $1.43. The NASDAQ data assumes that this is paid out every month but in reality, during most months nothing is paid out. The actual yield is much closer to the 1.8% that Ycharts reports than the 21.8% reported by NASDAQ.

Blueknight Energy Partners L.P., (BKEP) is fourth on the list. It has an annual dividend $.32 which gives it a current yield of 16.7%. BlueKnight Energy Partners LP engages in the provision of integrated terminalling, gathering, and transportation services. It operates through the following business segments; Asphalt Terminalling Services, Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, and Crude Oil Trucking and Producer Field Services.

It pays an annual dividend of $.32 so this one does actually have a current yield of 16%. The number shown on the below chart is wrong because Ycharts is using the old annual dividend of .$58 as part of it’s calculation.

Number five is THL Credit, Inc (TRCD). It has an annual dividend $1.08 which gives it a yield of 16%. THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. Its objective is to generate both current income and capital appreciation, through investments in privately negotiated debt and equity securities of lower middle market companies.

These numbers seem to be correct.


Number six is Martin Midstream Partners LP (MMLP). It has an annual dividend of $2 which is a yield of 16% The company engages in the diverse set of operations focused primarily in the United States Gulf Coast region. It operates through the following segments: Terminalling and Storage, Natural Gas Services, Sulfur Services, and Marine Transportation.

These numbers seem to be correct.

Last on the list is Oxford Lane Capital Corp (OXLC). It pays an annual dividend $1.62 and this gives it a yield of 15.7%. It is a closed-end management investment company, which engages in maximizing total return by investing in securitization vehicles which, in turn, invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

These numbers seem to be correct.

So in conclusion, if it seems too good to be true then it probably is. At first glance the idea of investing in a stock that pays a 29% annual dividend sounds very appealing. But some simple research shows that the numbers that NASDAQ publishes are completely erroneous and misleading. The top three stocks on the list are there due to anomalies. A 29% dividend would be a free lunch, and we all know that there are no free lunches on Wall Street.

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