Monthly Archives: August 2011

I have an offer you can’t not love

Maybe you’ve seen or heard about trading veteran Adam Hewison’s powerful Trade Triangle technology. But unless you are a member of MarketClub, you truly have no idea of the full benefit of these incredible indicators! Maybe you just haven’t wanted to take the leap? Well, then this post is for you. For the first time…

Stock Market Outlook & Stocks to Watch – August 31

Tuesday felt much strong than it actually was.  The markets took a nose dive early and then spent the rest of the day recovering and chugging higher.  SPY, the S&P 500 ETF, finished up 0.32 (0.26%) to 121.68. Assuming we can stay above 121.20, which is the high of the range we were in over…

Stock Market Outlook & Stocks to Watch – August 30

Markets marched higher in a smooth fashion today.  SPY, the S&P 500 ETF, tacked on gains of $3.39, or 2.87%, to close out at 121.35 This is above the range high of 121.20 , which we saw intraday back on the 17th.  A close above this level is especially significant, although volume was very small…

Stock Market Outlook & Stocks to Watch – August 29

I took off early for the weekend on Friday.  When I left in the morning the market was still dropping.  But what an unreal turnaround from there.  SPY, the S&P 500 ETF, had an intra-day range of over $4.50.  Up 1.45% to 117.97. While we had some aggressive moving days last week, nothing really changed from a…

Behind Closed Doors at the Fed: Ten Years of Research into America’s Central Bank

Behind Closed Doors at the Fed: Ten Years of Research into America’s Central Bank Free Report Available Now August 26, 2011 By Elliott Wave International During the past few years, The Federal Reserve has engaged in a “deliberate inflating policy.” This policy earned disfavor, both at home and abroad. Robert Prechter said this in the…

How to Survive a Market Crash

Markets opened higher this morning but have given up those gains.  Equities have been strong the last couple sessions, giving investors some reprieve.  Yet, it may not be over yet.  Who is to say. If you are an investor the article below is definately good reading, especially if your only investment input is your broker/asset…

Stock Market Outlook & Stocks to Watch – August 25

A see-saw day for equities, which finished higher on strong afternoon buying.  SPY, the S&P 500 ETF, finished up 1.41% to 118.08.  This broke resistance at 116.65, Thursday’s high, and now places the ETF in an interesting spot. Another resistance level from last week is just above at 118.31.  118.70 is also resistance, and more significant.…

Destructive Power of Financial Markets

Fascinating 4 part series on how the financial markets are shaping our lives, controlling politicians and how speculation is completely out of whack with fundamental demand.  Markets and products of our own construction are too complex even for those that create them to understand. People often do not understand that speculators are required in the market.  Speculators…

With Consumers Saddled by Debt, Is Recovery Possible

In several posts as of late I have discussed the consumer, and how as a whole our North American population is in pretty poor shape financially.  (See: Stocks Low for Decades as Baby Boomers Sell Shares, Canadian Banks Could Be In Trouble-Part 2) Here is another look at from the Washington Post, It’s the household…

When “bias” hurts…I take my lumps

Today’s pre-market and early session was great.  The markets have been weak and higher opens are normally met with selling. So when the market started to move off the highs in the pre-market I loaded up short and profited nicely as the market opened and sold off.  But, then came a problem.  If you read…

Stocks up 2.5% intra-day, watch resistance

Stocks putting in an impressive upward trend this afternoon in spite of bad economic data.  SPY currently trades at 115.19, up from a previous close of 112.73.  Volume is moderate. Based on average true range there is more room to upside today, but watch resistance at 115.90, 116.65. These are the highs from Thursday and…

Stocks Low for Decades as Baby Boomers Sell Shares

Unfortunately, for those that are retiring, market timing is not an option.  When you gotta sell,  you gotta sell.  As baby boomers come towards retirement they begin extracting their investments.  This process will create a constant stream of selling over the next couple decades according to a study done by Federal Reserve Bank of San Francisco…

Triangle forming in USD/CAD

A triangle chart pattern is forming in the USD/CAD.  The triangle has a height of 250 pips. This provides a target of the breakout price +/- 250 pips.  Based on approximate breakout levels this puts targets at 1.0150 if the breakout occurs to the upside, or 0.9550 if the break occurs to the downside.  More…

Stock Market Outlook & Stocks to Watch – August 23

The US major indexes managed to eek out gains Monday, SPY, the S&P 500 ETF finished higher by 0.08%.  Markets opened higher on the morning but saw quick selling.  The afternoon was mostly rangebound, with selling towards the close and a finish very near the day lows. Support is at 112.40, 111.90, 110.25, 106.40, 103.75,…

Bear Market for Bonds…coming soon

Rick Santelli is one guy I like listening to, especially the rants! He has composed an interesting little piece on Fibonacci and the bond market.  Hell, I learned a few things.  Like the “anniversary” thing.  Crazy, I had no idea about that.  So I pass this article along because 1. it is a good intro…

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