Our freedom could vanish in the blink of an eye. So it’s important that we appreciate it while it’s here. And if there’s one thing I’ve learned about America and Americans in general, it’s that despite all our differences we all come together to help out. But sometimes we become distracted. Nobody can be blamed for it. Some of us have lost jobs or taken a pay cut. But we should never lose sight of the freedoms we have. Tonight we’ll be able to walk outside, have a beer with some friends, and watch an awesome display of fireworks. Others may not choose to do that. Maybe other people just want a quiet night with the person they love, where they can just look out the window and see the fireworks go off from their family room. And others still will stay up as late as they want, say as many bad things about those in power as they’d like, and then go to sleep in their cozy bed. We’re free… but we should help those that aren’t. So do me a favor and try to make a point to put some money into a charity that you believe in. Make it a point to use your freedoms to their fullest. Lastly, make it a point to help those that need it the most. America needs to come together again to make it through the troubling times facing us. By realizing the freedoms we really do have and opening our hearts, we’ll experience the best kind of freedom there is. With that, I’d like to leave you with a quote from one of our founding fathers, John Adams… “I am well aware of the Toil and Blood and Treasure, that it will cost us to maintain this Declaration, and support and defend these States. Yet through all the Gloom I can see the Rays of ravishing Light and Glory. I can see that the End is more than worth all the Means. And that Posterity will triumph in that Days Transaction.” Have a great Fourth, CharlesP.S. To let me know what you thought of today's article, send an e-mail to: feedback@investorsdailyedge.com.
Ride or Slide: United Technologies (UTX)By Charles Delvalle Once upon a time, the defense sector was the place to have your money. From wars in Iraq and Afghanistan, the U.S. was spending tons. Is the party over? That’s what our reader Paul was wondering when he asked… Subject: UTX United Aircraft?
The whole sector is being downgraded. It explains why United Technologies (UTX) is suffering. The scariest part… airlines should reduce their orders in the next two years as they cut costs to cope with higher oil prices. Just when you thought things were at their worst, now investors are worrying about the election. Obama wants to pull troops from Iraq, which would mean less defense spending. McCain isn’t in a hurry to pull troops out, which means a continuation of defense spending. That’s a huge uncertainty that won’t be fully resolved until after the election in November. Technically, the company is a falling knife. Well, that is unless you look at their weekly chart. They are sitting just above their 200-week moving average. While this may look tempting as a buy, when you look back, you’ll notice the last time they hit their 200-week average, they still fell under it. In other words, there’s no real pattern of their 200-week acting as support. The last thing you should do is buy because your hoping a pattern emerges. While I believe the sell-off in this company is overdone (and we may see a bounce), this stock probably won’t perform until after the November election. Let United Technologies (UTX) slide.
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