From one expected price level to the next – that’s how short-term trading works.
Right now, we face the next key level to watch – overhead resistance – at 1,100 and so we play another round of “will it break or will it hold.”
Here’s a quick update:
The 1,100 level is ’round number’ resistance which also forms a confluence with the rising 200 day simple moving average.
A break above this level puts the balance back in the bullish camp, and makes this brief time under the average a mean whipsaw for the bears.
Of course, as I... Continue Reading
The Real MSM: Maintenance Saves Money Five minutes of maintenance can save hundreds of dollars, lots of time, and tons of heartache.
For me, maintenance of the things I rely on in life has become a complete no-brainer. Spending a bit...
Lloyd Sakazaki Investor Education
On Wealth Accumulation and Inheritance While most of us are busily engrossed in our oh-so-American habit of trying to accumulate unbounded wealth, it is instructive to remind ourselves of the words of philanthropic wisdom penned by Andrew...
Corey Rosenbloom Currency
Andrews Pitchfork Trend Channel Update on the EURUSD The EURUSD FOREX pair has been respecting dominant Andrews Pitchfork trend channels both on the way up and on the way down. It serves as an educational example and current reference levels for...
Jeff Miller Stocks
Anchoring, Negativity, Popularity, and Dow 5000 A wise and good friend recently commented that he did not read any blogs. None!He knows that I have a blog, and asked me if there were any (other than my own) that I would recommend. That is a...
Corey Rosenbloom Trading
The 1100 Level on the SP500 May 27 From one expected price level to the next – that’s how short-term trading works.
Right now, we face the next key level to watch – overhead resistance – at 1,100 and so we play another round...
Corey Rosenbloom Energy
Color Crude Oil Daily Charts May 20 Despite all the volatility in the stock market, crude oil has been falling almost in a straight line, and a lot of people are unaware of this major sell-off in such a major commodity.
Let’s take...
Joe Marchelewski Alternative Investments
Warren Buffet to Investors – Buy Private Jets Warren Buffet, one of the world’s foremost investors, had a special message to investors in London – forget stocks, but private jets.
Buffet, who rarely visits London, was not too positive...
United States
The U.S. economy: on the surface and under the hood This post is a guest contribution by Rebecca Wilder*, author of the of the News N Economics blog.
The GDP recovery is underway. But below the GDP hood, the picture is not as bright. The labor market is weak, and income-generating prospects remain muted. The latter portends a back-up of consumer spending down the road without substantial policy support.
Please see Spencer’s post at Angry Bear blog for a very nice interpretation of today’s employment report, but he sums it up quite nicely:
Yes, the employment situation has quit... Continue Reading
International
The Euro as a Carry Trade Funder ... Surprising? Nothing is so bad, that it isn't good for something
So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, they may just want to remember that old of oldest saying. I am of course talking about the Euro here and while its recent fall from grace has been linked to all kinds of nastiness in the form of a Eurozone break-up/collapse as well as the final nail in the coffin... Continue Reading
Yeh, you... well, maybe you but hopefully not.By way of Johnny on the spot IKN, I found this article (statement of clarification) from Jeff Christian, which...
We re-established a position in Quality Systems (QSII) in mid March [Mar 18, 2010: Restarting Quality Systems], but the recent selling pressure had us cutting...
Blue Coat Systems (BCSI) had a solid report last night but in a trend I am seeing in some other sectors (namely retailers) provided guidance that was below...
Must be nice - no matter how underfunded your pension is or unrealistic the benefit is compared to those of the peon class who must deal with (mostly self...
Since everybody has already been talking about the future elections of 2008, some people consulted a different kind of poll: the 2008 election futures markets at Intrade, the Dublin-based online futures exchange.
HOT COUNTRIES TO INVEST
Turkey Turkey is an island of stability in the Muslim world. The country currently enjoys rapid economic growth as well as political stability.
The essence of Russia's economic reform is laid with privatization. This was a very necessary step as it has a direct influence on the amount of foreign direct investment into the country.
In 2004, China's GDP surpassed that of Italy for the first time in history, making China the sixth-largest economy in the world. China's GDP in 2005 reached US$2.26 trillion, US$94 million more than that of the United Kingdom.
From one expected price level to the next – that’s how short-term trading works.
Right now, we face the next key level to watch – overhead resistance – at 1,100 and so we play another round of “will it break or will it hold.”
Here’s a quick update:
The 1,100 level is ’round number’ resistance which also forms a confluence with the rising 200 day simple moving average.
A break above this level puts the balance back in the bullish camp, and makes this brief time under the average a mean whipsaw for the bears.
Of course, as I... Continue Reading 
This post is a guest contribution by Rebecca Wilder*, author of the of the News N Economics blog.
The GDP recovery is underway. But below the GDP hood, the picture is not as bright. The labor market is weak, and income-generating prospects remain muted. The latter portends a back-up of consumer spending down the road without substantial policy support.
Please see Spencer’s post at Angry Bear blog for a very nice interpretation of today’s employment report, but he sums it up quite nicely:
Yes, the employment situation has quit... 
Nothing is so bad, that it isn't good for something
So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, they may just want to remember that old of oldest saying. I am of course talking about the Euro here and while its recent fall from grace has been linked to all kinds of nastiness in the form of a Eurozone break-up/collapse as well as the final nail in the coffin... 
.jpg)
's
.jpg)
