Technical Analysis
How 2 Of My Students Made $100,000 In A Few Days (Short Selling One Very Hyped Up Penny Stock)
You might’ve seen my free video lesson about how I called the exact top at 38 cents/share in Blockbuster the other day before it got halted as the SEC filing I told my subscribers of my 4 newsletters about meant the stock was indeed worthless despite the runup from 5 to nearly 40 cents/share… .
Continue reading...My Vegas Seminar Is Sold Out But Here’s A 50% Off LiveStream/DVD Pre-Order Package Good Only Until October 22nd
24 October 2011 – 12:31 am PST
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I’ve been hyping my annual Vegas conference (see details here and please use #psc2011 when referring to it on Twitter!) for the past few weeks and now it’s sold out…I also introduced a package where you could attend via a live webinar and pre-order the conference DVD and save 25%… .
Continue reading...Struggle Continues at 11,600 Points Zone
20 October 2011 – 4:24 am PST
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The Dow continues to struggle around the 11,600 points resistance zone, closing down by 72 points as investors continue to be uncertain ahead of tomorrow’s major leading indicators. FundamentalsMore uncertainty surrounding the Euro zone issues as well as tomorrow’s leading indicators caused traders to take short term profit off the table today after a nice [...]
Continue reading...Dow Breaks Out?
17 October 2011 – 6:00 am PST
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What a week it was last week! It almost looked like a breakout/reversal week last week with the Dow closing above the 11,600 points for the first time in 11 weeks on a weekly basis! However, I referred to it as “almost looked like” because the Dow is actually still trading within the influence of [...]
Continue reading...Bulls Running Out Of Steam…
14 October 2011 – 7:22 am PST
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The Dow closed marginally lower by 40 points today as Jobless Claims disappoints. FundamentalsUS market opened in the red today as Jobless Claims turned in slightly worse than expected and remained above the 400K mark adamantly. The 400K mark is beginning to become the hurdle over which investors would consider the employment situation to be [...]
Continue reading...Uncertainty Continues…
12 October 2011 – 3:30 am PST
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The Dow moved sideways today, closing marginally lower by 16 points on mixed sales data. FundamentalsUS market opened marginally lower today and then bounced up and down around the breakeven line as investors continue to be undecided after an extremely strong holiday Monday rally. Sales data today didn’t help maintain the optimism as they turned [...]
Continue reading...Jobs Report Failed To Bring Back Bulls…
10 October 2011 – 9:51 pm PST
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The market continue to be technical drive as the better than expected Jobs report of last Friday once again failed to overcome the powerful 30DMA resistance level. I was thinking last week that a better than expected Jobs report might be the catalyst for the Dow to stage a topside breakout of its current congestion [...]
Continue reading...Technical Bulls and Bears Battle It Out!
10 October 2011 – 9:48 pm PST
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The Dow gained 153 points today as fierce fight for territory at the 200WMA ensues. FundamentalsDespite somewhat better sales data and Factory Orders, traders continue to take the market lower in technical based trading. Indeed, market action these few days has ignored heavyweight positive surprises in the economic data and persisted in selling off on [...]
Continue reading...Greece Threatened by Default, EUR/USD Fluctuates
4 October 2011 – 5:09 am PST
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EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine the confidence in the shared European currency, boosting the dollar at the same time. Today’s reports reduced concerns about the economy of the US as manufacturing PMI and construction spending were well above expectations.…
Continue reading...Greece Threatened by Default, EUR/USD Fluctuates
4 October 2011 – 5:09 am PST
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EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine the confidence in the shared European currency, boosting the dollar at the same time. Today’s reports reduced concerns about the economy of the US as manufacturing PMI and construction spending were well above expectations.…
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24 October 2011 – 12:44 am PST
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