Today we look at how the market is forming a possible top and end to the rally for the short and short/medium terms. We see that many short ETFS are forming capitulation bottoms, and that many stocks are rallying beyond sustainable levels. With that in mind, we believe that one of the targets for this rally will form the last resistance, and we will begin at least a 20-25% consolidation. While we do have still a potential 1-3% more upside from here, going short today was smarter than going long. This market in the near term (1-2days) could consolidate once more, if not reverse. Our targets are 1053-1055, or 1067-1068 and finally 1088 (if it ever reaches it), based on fib retracement targets. In these videos we show you the Dow and how it hits resistance, the S&P and how that hits resistance of the wedge and horizontal price resistance. We show you individual stocks such as the USO, XLF, SRS, JPM, SPY, WYNN and MGM.
Duration : 0:5:1
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Today we look at the market sell off that we were able to predict very accurately. For the past 2 weeks we have hit the nail on the head in every move, down and up. The SPY target for the rally was 110.40, and even though we peaked a little above that, the 60 minutes never closed above 110.40.
Jobs numbers will be coming out tomorrow, but we might get a little bit of that puke trade where we sell off a few more points in the morning and then bounce back. A break of the blue trendline would mean heavier sell offs.
We look at the GLD triangle, SPY, AAPL, UPS and BPI.
Duration : 0:5:1
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Live real time trading video from my screen. Learn from my winners and my losers with commentary. Direct access and Level 2 is better than using a broker I think. I use software filters and setups on the chart to determine what trades I enter. Use this video as a virtual coach for your day trading goals. It’s not easy, but this demo shows you that it can be done day after day for small consistent profits. No secrets, just years of wisdom to share with you all.
Duration : 0:10:5
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Today I update my fellow viewers on what the last 2 days of action really mean for this market. The DOJI candle that formed today on incredible low day could be viewed as two things: The first, is that it is a consolidation pattern for the huge move up that we had on Thursday. The second is that it is an indecision reversal candle. i would believe the former only if we get another day of consolidation down on low volume. However, I believe the latter because there are a lot of resistance which points could point to a move lower. We formed a double top area at 922 on the SPX, and this could actually be the top of the right shoulder. As we form the Head and Shoulders formation, other resistances such as the 923 level, descending channel, 20 SMA Daily lie overhead and could provide a strong push lower. Monday’s action could be one of a fakeout, we might get a rally in early trading to hit those resistances and then fall down from there to at least down 1.5%. If we fall down on low volume though, I will look to position myself long. My other advice is to not get too bullish before the 923-924 is broken. And also to take profits at the 880 level if it is reached at any point next week. We could very well break 880 but i think taking some profits off there is important and essential. I look at the SPY, AAPL, GS and VIX
Have a great weekend!
Duration : 0:7:46
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VisionVictoryManifesto.com
2009 Stock Market Returns
Dow Jones up 18.8%
S&P up 23%
Canada TSX up 31%
Germany DAX up 24%
UK FTSE Up 22%
Mexico IPC up 44%
China Shanghai up 80%
Hong Kong Hang Seng up 52%
S. Korea up 50%
Australia up 31%
Gold up 24%
Oil up 78%
Gas up 63%
American Express up 118%, best performing Dow stock.
EXON down 15%, worst performing Dow Stock
Enjoy VisionVictory Returns by checking out the following websites.
VisionVictoryManifesto.com
CSLFinancialgroup.net
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Duration : 0:1:32
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In order to monitor stock prices in Excel, a spreadsheet needs to be created that outlines the names of companies and significant data. Move information from various databases into Microsoft Excel with help from a personal asset manager in this free video on investing in the stock market and money management.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu
Duration : 0:1:53
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Today we step back and look at the last 3 days of trading as they have broken both the ascending wedge formation and the megaphone formation to the downside (both are very bearish patterns).
My guess is that we could have started a shorter-term and potentially a longer term top. I outline the channel that people should be eying and the type of trades that we should be looking at. I also look at our 2 short trades that have been working out nicely
Duration : 0:5:1
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Economic Collapse Update
Note – I mention a rising 50/100 day moving average on VIX. In order for the 100 day to hold it needs to close the following week above 30.03 and the 50 must hold the 25-26 area for the next little while. Many analysists would say that the averages are flat at best, because of the big move on the day of almost 24%. This is big that it gained this much, showing more signs of a potential top on the market. It is a matter of when this happens, which is why going long is best to be cautious in some form.
The S&P 500 is below the rising 50 day moving average and we are now seeing similar signs of 2008. Big losing day Wed, followed with big movements up on Thursday and to lose it all and more the following day.
The fundamentals point to selling, and the technicals are showing it in many forms.
Duration : 0:5:22
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Good for Stocks, Better for Gold: Bernanke’s “Stuck at Zero,” Michael Pento Says
Yahoo Tech Ticker – Feb 12, 2010 12:50pm EST by Peter Gorenstein
Once again, Beijing’s efforts to cool their red hot economy are causing a sell-off on Wall Street. For the second time in a month, China said it would require banks to increase reserve levels thereby curtailing lending.
The news quickly killed Thursday’s one-day rally and once again raised concerns the recent market sell-off is in its early stages. “The global economy is slowing,” says Michael Pento, chief market strategist with Delta Global Advisors, pointing to stagnant commodity prices. “That’s why I think, we’re having a double-dip recession here in the United States and a slowdown, unlike what the IMF predicts, a slowdown in global GDP.”
Though it’s a near term headwind, Pento believes that economic weakness could actually spark a rally later this year, once the market realizes Federal Reserve Chairman Ben Bernanke, contrary to recent posturing, will keep rates “stuck at zero.”
Low rates will kill off the dollar rally and “be positive, in nominal terms, for the major averages,” says a confident Pento.
But, if you want to make real money, Pento suggests buying hard assets and precious metals, namely gold. He tells Aaron in this clip, he plans to buy back half of the precious metals assets he sold in November, once Bernanke re-starts quantitative easing in the second half of the year.
If you are an equity buyer Pento recommends PennWest Energy Trust and Chilean fertilizer maker, SQM.
Duration : 0:6:20
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Welcome to Trading-Pennies.com’s “Chart of the Week” where every week we will examine the trading strategy behind one of our daily explosive stock picks.
This week we discuss lesson five of our educational trading series in which we will continue to explore the most consistently profitable chart patterns that all traders should become familiar with. This week we look at the Volume Climax.
All of the strategies presented here are covered in detail in our manual “Learn How Professionals Trade the Penny Stock Market” available on our site at Trading-Pennies.com
Duration : 0:6:38
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