Thursday, April 30, 2009

Free Trading Webinar April 30 12PM EDT

Universal Market Trader
See the UMT Trading Strategy Live

Join us for a real-time demonstration of the Universal Market Trader strategy. A trading strategy, training and software for forex, futures, stock and options traders -- Day Trading & Swing Trading. Learn the secrets of what makes a successful trader and system and have your questions answered in real-time.

What you can expect from this Free Live Training Webinar

Discover the seven (7) Trading Commandments that simply EVERY successful trader must follow in order to see that measurable boost in profitabilty and performace. Break these Commandments at your own risk!

And in-depth market analysis of what's going on in today's hottest markets. As traders with over 25+ years experience and as investment educators with over 12 years teaching, we've seen every type of market out there. From bear to bull, we KNOW what to look for and in this webinar, we tell all.

See how the Universal Market Trader holds up to your favorite active markets including forex, futurs, and stock, options, and ETF markets... (the results might surprise you)

Learn about all the unscrupulous SCAMS circulating out there. From over-promising systems to automated trading robots, we'll give you the low-down about which types of systems are worth exploring and which ones will just take your money and blow your trade account.

Click here to register for the Free UMT Free Trading Webinar

Tuesday, April 28, 2009

How To Raise Capital

How To Raise Capital
The #1 Skill of an Entrepreneur

For Business and Real Estate Investors

A Message from Robert Kiyosaki

"My earliest experiences in a successful manufacturing business taught me the importance of capital. You probably already know that it’s the lifeblood of virtually any entrepreneurial idea. Without capital there can be no tools, materials, workforce or facilities to support them. It can also play a critical role in getting the attention of your potential customers; before revenue can start rolling in on that big idea, you need capital to tell people about it through marketing, sales, and distribution."

3-Day Seminar with Robert Kiyosaki and Advisors

May 1 - 3, 2009 Scottsdale Arizona

During this seminar, you will learn about:

Robert's experiences raising capital

Why raising capital is the #1 skill of an entrepreneur

How you can develop this skill to benefit your business

Click here to review and register for Rich Dad Robert Kiyosaki's How To Raise Capital Seminar

Monday, April 27, 2009

Weekly Stock Pick

Buy Sell Hold
The Week Ahead

Scanning the stock charts this Monday morning I’m reviewing this week’s key events that can significantly move the markets. The S&P Case Shiller home price and consumer confidence reports are coming out on Tuesday. Thursday is the Chicago purchasing managers, and ISM manufacturing sentiment. Factory orders, and auto sales reports coming out on Friday. On May 4 the bank stress test results are coming out with some more banks in trouble needing help from the Fed this last week. More corporate earnings are coming out this week, the Fed is meeting, and first quarter GDP report is due. Current earnings reports have not been a major disaster so far, but we still have many more to go just yet. President Obama will be reporting on Wednesday about his administration’s progress on his 100th day in office. Bank of America will be holding their annual meeting on Wednesday. The continuing auto industry story is still playing itself out. The Treasury is auctioning $100 billion in notes. Tim Geithner will be attending a China conference on Friday in Washington DC as well. The dollar was under pressure last week, and looks to stay that way this week too.

My Stock Pick This Week

It’s a short-sell on a company in the business software, technology, and related services and support industry. It’s basely soley on the technical’s of the chart, although the fundamentals don’t look to good right now also. I’m looking for a low-risk high-reward pullback short sale on this company right now. One of their leading competitors, Oracle is raising their dividend showing the street that they are much better positioned to weather the economic storm right now than the rest of their peers are showing.

Short-Sell SAP – Ticker SAP

Sell Entry: 40.59 to 41.70

StopLoss: 42 and Higher

Take Profit Areas: 39.58, 38.57, 37.56

If 37.56 gives way, 23 or less is a possible target.

SAP Company Profile

SAP AG, together with its subsidiaries, develops, markets, and sells enterprise application software products for corporations, government agencies, and educational institutions in Europe, the Middle East, Africa, North America and Latin America, and the Asia Pacific Japan region. The company offers SAP Business All-in-One, which provides preconfigured industry-specific solutions for midsize companies; SAP Business ByDesign that offers an on-demand solution for midsize companies; and SAP Business One, which provides capabilities for various work involved in managing a small business, such as financials, sales, and customer support. Its business applications include SAP ERP, which consists of SAP ERP human capital management, SAP ERP financials, SAP ERP operations, and SAP ERP corporate services; SAP customer relationship management; SAP product lifecycle management; SAP supply chain management; and SAP supplier relationship management. The company also offers software-related services, which are support services provided by the SAP support units, such as SAP Active Global Support, SAP BusinessObjects—Customer Assurance, and SME Services; and custom development provided by the SAP Custom Development organization, as well as professional services and other services, including consulting, education, and managed services. It serves process, discrete, consumer, service, financial services, and public services industries. The company was formerly known as SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der Datenverarbeitung and changed its name to SAP AG. SAP AG was founded in 1972 and is headquartered in Walldorf, Germany.

Click here to review and Trial the Trading Software I used in determining my short position on SAP.

Click the SAP Stock Chart for a larger view.

SAP Stock Chart

Thursday, April 23, 2009

The Flow of the Markets

Van Tharp Institute
By Van K. Tharp

April 24-26, Blueprint for Trading Success Workshop, Cary North Carolina

Imagine yourself flowing down a river, only you don't know that you are. You do, however, notice that when you move in one direction, with the flow of the river, you move rapidly. When you move in another direction, against the river, you move slowly or not at all. In fact, when you go in that direction, you seem to put out a lot more effort just to stay in place. Your life becomes a struggle. It just seems to push you in another direction. Feeling miserable, you fight against it. But it doesn't help. You still seem to move only in one direction—with the flow of the river.

Most people prefer to struggle against the river. They try everything they can think of to go upstream. All solutions like this—going against the flow—have the same result: frustration. If you were in the river, what could you do to make your life easier? One solution would be to get out of the river. But that would be giving up. There is only one easy solution—to acknowledge or accept that the problem has nothing to do with the river. The river just is. And it moves downstream and nothing you do can change that. When you realize that the problem stems from you, then the solution becomes obvious - just relax and flow with the river.

Buy High, Sell Low?

One of the oldest adages in market psychology is "Don't be afraid to buy high and sell low." Let's analyze what that means. If the market price is high, then the market is moving up. Those who are afraid to buy because the market is too high are fighting the flow of the river. It is possible the river may change direction, but you cannot predict if it will by determining how long it has been flowing in a particular direction. It may continue in the same direction for an unspecified length of time. Then again, if the market price is down, it also indicates the direction of the flow of the river. Those who are afraid to sell, once again, are fighting the flow.

Whether you go with the flow of the market or struggle against it, the market will continue to flow, taking you with it one way or another.

Why do traders resist the flow of the markets? They do so because they play psychological games with the market. The most common game involves not being willing to give up what you perceive to be control, the need to be right, although you have no control over the market flow.

When you are struggling with the market, the struggle becomes all consuming. You don't realize that you are struggling with the market. Instead, you find yourself always looking for some solution to overcome the struggle. The struggle obscures the obvious solution: Letting go.

For example, suppose you have a tendency to be in a perpetual market bear, always expecting the market to go down. For you, every little turn in the market is evidence that the market is turning. As a result, you always go short and consequently, take a beating. You repeat the process, over and over, until the market actually turns down. With each transaction the struggle against the flow of the market intensifies for you.

Even worse is the trader who refuses to accept the inevitability of eventual loss. The market moves against each position the trader takes, but he refuses to go with the flow and refuses to accept the loss, no matter how small. It is an affront to the trader's ego. As a result, he refuses to accept it and the loss becomes larger. The bigger loss is even harder to take and the trader again refuses to accept it. The struggle continues until the loss becomes so overwhelmingly large that the trader has no choice but to take the loss.

The solution to the problem of resisting market flow is to realize that the problem has nothing to do with the market. The problem stems from you, the trader. The market is not going against you personally. The market is simply moving. Whether you go with the flow of the market or struggle against it, the market will continue to flow, taking you with it one way or another. Market flow is bigger than any individual trader. The question is whether you realize how you are creating your struggle against the market. When you push against the market, the market seems to push back. But the market is not the problem.

The trader's struggle with the market is the problem.

Click here to review more about the Traders Coach, Dr. Van Tharp

Wednesday, April 22, 2009

Optimized Williams %R Trading System

Williams %R Trading System
Williams %R

It is used to determine market entry and exit points. The Williams %R produces values from 0 to -100, a reading over 80 usually indicates a stock is oversold, while readings below 20 suggests a stock is overbought. In technical analysis, this is a momentum indicator measuring overbought and oversold levels, similar to a stochastic oscillator. It was developed by Larry Williams and compares a stock's close to the high-low range over a certain period of time, usually 14 days.

Big Trends Price Headley Williams %R Trading System

Optimized Williams %R

Price has been teaching his students how to profit thousands in months using his Optimized Williams %R trading method. That's what Price's students have been doing with their portfolio's using this simple technique created by Larry Williams and perfected by Price Headley.

Home Study Course

Price Headley has recently released on DVD a special training course that explains exactly how he uses Williams %R to make huge gains month after month in both up and down markets. In fact, Price believes that down markets are even better for taking large, quick profits.

Click on this link to visit Price Headley's %R site to find out how you too can learn Price's secret trading method that until recently was only taught to

BigTrends Trading Education

BigTrends Price Headley's education is first class, top quality material that will give you an edge. You can also rest assured that only a relatively small number of these courses are sold unlike some trading methods that force you to compete in the markets against thousands and thousands of other traders trying to do the same exact thing. Only an elite few will get a chance at Price's techniques.

Visit the site now so you can get instant access to a 7-page Special Report written by Price himself to show you exactly how and why his proprietary %R method will be the last indicator you need to learn.

Good day, and good investing trading!

Monday, April 20, 2009

Weekly Stock Pick

Buy Sell Hold

The Week Ahead

As I’m running my Monday morning technical stock scan looking for low-risk high-reward trade opportunities, I’m looking at the week ahead. Corporate earnings reports from the banking, pharmaceutical, consumer products, technology and industrial companies are coming this week along with durable goods orders and existing home sales. Friday the Fed will release the stress tests for the banking industry, and the IMF will be meeting this weekend. I hear more shorts coming into the market now, and I hear the rally still has legs. Could be a week for big moves up or down.

My Stock Pick This Week

I’m shorting a communications company whose shares have risen sharply ahead of their quarterly report coming out soon. This wireless comm. Company is expected to give a cautious outlook when they report March quarter results which should give investors little reason to push shares higher. Some analysts argue that, if shareholders don’t take profits here, futures conditions could improve in the second half of 2009 resulting in more gains longer term. So using stop-loss is always the rule of thumb in any market, especially now. I’m betting it’s down again first before its up again later. In case I’m wrong, I’m out with a small loss.

Short-Sell Qualcomm Communications – Ticker QCOM

Sell-Entry: 40.74 to 43.20

Stop-Loss: 44 or Higher

Take Profit Areas: 39.48, 38.22, 36.96,

Qualcomm Company Profile

Qualcomm Incorporated designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The company operates in four segments: Qualcomm code division multiple access technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless and Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies CDMA-based integrated circuits and system software for wireless voice and data communications and multimedia functions, as well as global positioning system products used in wireless devices, including mobile phones, data cards, and infrastructure equipment. QTL segment grants licenses to use portions of its intellectual property portfolio comprising patent rights useful in the manufacture and sale of certain wireless products, such as products implementing cdmaOne, CDMA2000, WCDMA, CDMA TDD, and/or OFDMA standards and their derivatives. QWI segment sells equipment, software, and services used by transportation and other companies to connect wirelessly with their assets, products, and workforce; and products that operate on the Globalstar low-Earth-orbit satellite-based telecommunications system. It also provides BREW-based products that include user interface, and content delivery and management products and services for the wireless industry; QChat that enables instantaneous push-to-talk functionality on CDMA-based wireless devices; development, hardware, and analytical expertise involving wireless communications technologies to United States government agencies; and an application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers through the mobile devices. QSI segment makes strategic investments to promote the worldwide adoption of CDMA-based products and services. The company was founded in 1985 and is based in San Diego, California.

Click here to review and Trial the Trading Software I used in determining my short position on Qualcomm.

Click the Qualcomm Stock Chart for a larger view.

Qualcomm Stock Chart

Friday, April 17, 2009

Silver & Gold

Silver Gold
Click Here For Commodity Futures Forecasts

In case you hadn't noticed: Over the past year of financial turmoil, the "safe haven" premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.

It goes without saying that the greatest opportunities in precious metals were not had by those who played the "disaster hedge" card; but rather by those who timed the trends as they developed, regardless of the fundamental backdrop.

Bob Prechter is in the latter group. Amidst the buzz and whirl of the most bullish backdrop in precious metals' recent history, gold and silver prices soared to new, all-time highs and calls for a "New Gold Rush" and "$30 Silver" flooded the mainstream airwaves. Yet Bob alerted subscribers to an approaching top in the March 14, 2008 Elliott Wave Theorist.

"The wave count [in silver] is nearly satisfied, though ideally it should end after one more new high. If this analysis is accurate, and silver does peak and begin a bear market, gold is likely to go down with it."

In the days that followed, prices in both metals fell off a cliff. In turn, Bob was asked to address his exceptional call for a turn down in a March 19, 2008 Bloomberg interview. Here are of excerpts from that conversation:

Bloomberg: "Why did you put out that call on Friday (March 14) about a peak in precious metals?"

Editor’s Note: You can download Bob Prechter’s 5-page report, Gold & Recessions, free from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.

Bob Prechter: "One of the reasons is that it seemed like an absolutely sure thing. We track several indicators of sentiment. One of them is the Daily Sentiment Index (DSI). That reached 98% bulls on a one-day basis going into this last high. We were tracking silver as well… as it is clearest in our minds. Now, at the time, we needed one more slightly new high. That happened Monday morning and silver dropped 15% in 48 hours. That's a heck of a reversal and I think it's real."

"Real" indeed: From their March peaks, gold prices plummeted 34%, alongside a 60% sell-off in silver before hitting the breaks in October. Here, the October 2008 Elliott Wave Financial Forecast prepared for a corrective rebound and wrote:

"Silver traced out a five-wave decline from its March peak…Gold should also rally as silver pushes higher. Once silver's rise is exhausted (initial target: $15.15), the larger downtrend should resume for both metals."

A powerful, four-month bounce ensued in both metals: Gold prices came within kissing distance of its March peak before turning down on February 20; silver followed suit -- a fulfillment of this bearish, near-term insight presented in the February 23 Elliott Wave Theorist:

"Silver has been clear as a bell. Silver is due to turn back down, and gold, which is back at $1000/oz, is likely to follow."

Since then, it's been a steady march lower for both metals. Obviously, EWI's forecasts do not always prove this accurate. Yet in this case the analysis speaks for itself.

For more metals analysis from Bob Prechter, download Gold & Recessions a free 5-page report from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.

Robert Prechter, Certified Market Technician, is the founder and CEO of Elliott Wave International author of Wall Street best-sellers Conquer the Crash and Elliott Wave Principle and editor of The Elliott Wave Theorist monthly market letter since 1979.

Thursday, April 16, 2009

Some Traders Are Calling It Perfect

Here's Your Chance to Discover What Some Traders Are Calling the “Perfect” Forex Trading Service.

Based On A Recent Survey, Hundreds Of Traders Were Asked What They Would MOST Like To See In An Online Forex Trading Service.

Surprisingly, Many Of The Most Requested Features Are ALREADY Part Of a NEW Forex Trading service called OU Forex Trader.

To give you a better idea of what it's all about.

You will find two special resource pages below to give you a 'sneak peek' behind the scenes of this powerful new service.

First, there's a quick 15 minute video 'tour' to give you an idea what's included.

The second link below shows you what many of the current students and subscribers are saying about this powerful forex system and service!

Click Here For The Quick 15-Minute Video 'Tour':

Click Here For What Current Students Are Saying:

But because I really want you to understand what's in the service (and because I would be doing you a disservice by NOT giving you all the important information...)

I've been given permission to invite you to a special preview webinar being held

Thursday night at 9PM Eastern.

It's entitled:

"Your 4-Step 'Gameplan' for beating the Forex"

And here's where to register and reserver your 'seat':

If you've been 'curious' about what the Forex is all about, or even if you're skeptical.

I encourage you to take a look and judge for yourself if this is for you.

P.S. Don’t let any lingering questions you have about Forex deter you from getting started. Ask your questions Thursday:

P.P.S. Be sure to watch the 'quick video tour' of the program.

Wednesday, April 15, 2009

Why Wave Analysis Beats Out Fundamental Analysis

Wave Analysis Da Kine

As the major stock markets turned down in late 2007 and then started to rally in recent weeks, many people who believed in fundamental analysis have begun to question its validity. Bob Prechter has long called for the bear market we are now in the midst of. (Yes, the current market move is a bear-market rally, not the beginning of a new bull market). And along the way, his methods have been criticized. Here are his most succinct arguments as to why wave analysis outdoes competing forms of analysis.

Excerpted from Prechter's Perspective, re-issued 2004

Q: Suppose everyone agreed, "The Wave Principle is not always right, but it really is the answer"?

Bob Prechter: Well, let me begin my answer with a quote from a national financial magazine dated October 1977. "Over the last few years, the Wave Principle has gathered too much of a following and, therefore, it has less value today. Almost invariably, you can write off a technique when it gets too much of a following." How does this statement look in light of the decade that followed it? "Elliott" had one of its greatest successes. Like the Energizer Bunny, it keeps going and going. And I believe its next success will be its biggest ever. The Principle itself is undoubtedly on an upward spiral of acceptance: three steps forward and two steps back.

Now let's suppose that a large number of educated people accepted the Wave Principle, which is not an impossible idea for, say, a thousand years from now. There would still be room for differences of opinion on the market and the future. And there are countless other factors. Even people who practice the craft don't necessarily take action when they get a signal. Unconscious doubt and worry often foil people's actions. Very few traders have the emotional strength to turn even good analysis into profits.

Q: The Wave Principle is intrinsically contrarian. Does it have some built-in defense against becoming the consensus?

Bob Prechter: I think so. The Wave Principle is a description of natural human behavior. This is what human beings are; this is part of their nature -- how they behave. In order for markets to continue to go through these stages, a part of human nature must be to believe that such theories of mass psychology are incapable of being true -- that is, something not worth examining. They must be primed to accept bullish arguments at tops and bearish arguments at bottoms. That means they have to be ever open to bogus theories of market behavior. How else will they create the patterns that fear, greed and hope produce?

Q: How big is the pool of analysts who rely on the Wave Principle?

Bob Prechter: I think there are quite a few people who are proficient in applying Elliott to past and present markets, say, perhaps 1% of all technical analysts, which is a pretty good number of people, I suppose. A lot of those are my subscribers, and they learned it through studying the Theorist. However, as far as the number of people proficient at applying the Wave Principle for forecasting market turns, which is significantly more difficult than applying it in real time, I think there are very few.

Q: This has been the basis of some criticism. To quote one critic, "relying on arcane methods does have one advantage. Interpreting the linear squiggles is left in the hands of the major heir to Elliott's work." How do you respond to those who contend that the complexity of the theory is a cover that allows you to retain the Wave Principle as your personal theory?

Bob Prechter: With regard to any supposed self-serving secrecy, not only did I co-author a book on how to apply the Wave Principle, as well as reprint Elliott's writings against protest from practitioners, but also I continually go into great -- some might say excruciating -- detail in each issue of The Elliott Wave Theorist explaining exactly what I think the market has done and will do, and why I think it. If there is any market letter that has educated potential competitors, it is mine. The reason is that the study of markets is more important to me than exclusivity, secrecy or power.

Q: Another common approach critics take when they try to dismiss Elliott as bunk is to refer to you as a mystic or a numerologist.

Bob Prechter: A mystic believe in things for which there is no evidence, only desire. I do not consider myself to be a mystic at all. My approach is objective. The empirical basis of Elliott's discovery speaks to that fact. So do the results of the trading competition [Editor's note: Bob Prechter won the Trading Championship in options in 1984 with a stunning 444% gain. The next closest competitor showed an 84% gain.] Not once during any month since the independent rating services have been following market timers has a timer using a numerological approach such as "Gann" analysis ever placed in the top 10 rankings. Just as would be expected, such methods don't work!

The true mystics are those who believe, for instance, that current economic performance is a basis upon which to predict stock market prices. There is no evidence for it. They just feel comfortable with the idea, so they espouse it.

Q: So you say that the challenge to validity is on the other side?

Bob Prechter: You're darn right, it is. I am no longer at the point where I feel that I have to justify the objectivity of the Wave Principle. I think the results have done that. Technical analysis is entirely rational and has proved itself. If someone goes back and looks at the record of Elliott wave writers over the decades, he will find a track record of forecasting success that is well beyond a random result of chance. If you can do that, the ball is in the other guy's court. It's up to him to show that this is luck or something. What's more, the only challenge to a theory is a better theory, and I haven't seen a contender yet.

Q: You don't feel that you have been effectively challenged by any fundamental approaches?

Bob Prechter: I think there's a place for fundamental analysis of individual companies, but I am firmly convinced that you can make a very rational argument showing that fundamental analysis applied to overall market timing is like reading the entrails of goats. In fact, I presented such a critique in The Wave Principle of Human Social Behavior. If you think my ideas as presented here are controversial, just read Chapter 19 of that book.

Click here to review more about Bob Prechter and his Elliottwave Website

Elliottwave: How To Trade In A Fast Moving Bear Market Seminars

When financial markets turn up in a bear market, it's tempting to think that a new bull market has started. Elliott wave analysis tells us, though, that the latest moves are a bear-market rally. Rather than being swept away by wishful thinking, take a moment to review the latest Elliott Wave Financial Forecast. Review more here for Elliottwave daily, weekly, monthly forecasts on stocks, futures, forex, and commodities.

Tuesday, April 14, 2009

Forex Daily Forecast Outlook

Forex Markets
Click Here For The Options University Forex Trader

The June Dollar was higher due to short covering overnight as it consolidates some of Monday's decline. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. If June renews last week's rally, the reaction high crossing at 86.61 is the next upside target. Closes below last Monday's low would open the door for a possible test of March's low crossing at 83.15. First resistance is last Thursday's high crossing at 86.24. Second resistance is the reaction high crossing at 86.61. First support is last Monday's low crossing at 84.10. Second support is March's low crossing at 83.14.

The June Euro was lower due to profit taking overnight as it consolidates some of Monday's rally. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 131.140 are needed to confirm that a short-term top has been posted while opening the door for a larger-degree decline during April. Closes above the 20-day moving average crossing at 133.720 would signal that a double bottom has been posted while opening the door for additional short covering gains near-term. First resistance is the 20-day moving average crossing at 133.720. Second resistance is last Monday's high crossing at 135.820. First support is last Thursday's low crossing at 131.210. Second support is the reaction low crossing at 131.140.

The June British Pound was higher overnight as it extends Monday's rally. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, January's high crossing at 1.5300 is the next upside target. Closes below the 20-day moving average crossing at 1.4540 would confirm that a double top with February's high has been posted. First resistance is last Monday's high crossing at 1.4962. Second resistance is January's high crossing at 1.5300. First support is the 10-day moving average crossing at 1.4684. Second support is the 20-day moving average crossing at 1.4540.

The June Swiss Franc was lower due to profit taking overnight as it consolidates some of Monday's rally. Stochastics and the RSI are turning neutral hinting that sideways to higher prices are possible near-term. Closes above the reaction high crossing at .8908 would signal that a short-term low has been posted. First resistance is Monday's high crossing at .8854. Second resistance is the reaction high crossing at .8908. First support is Monday's low crossing at .8622. Second support is the reaction low crossing at .8475.

The June Canadian Dollar was higher overnight as it extends this month's rally and is breaking out above March's high crossing at 82.09. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off this month's low, the reaction high crossing at 82.92 is the next upside target. Closes below the 20-day moving average crossing at 80.76 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 82.37. Second resistance is the reaction high crossing at 82.92. First support is the 10-day moving average crossing at 80.90. Second support is the reaction low crossing at 80.11.

The June Japanese Yen was slightly higher overnight due to short covering as it consolidates some of this month's decline but remains below broken support marked by March's low. Stochastics and the RSI are oversold and turning bullish hinting that a short-term low might be in or is near. However, closes above the 20-day moving average crossing at .10166 are needed to temper the near-term bearish outlook. If June renews this month's decline, the 75% retracement level of the 2008 rally crossing at .9799 is the next downside target. First resistance is the 20-day moving average crossing at .10166. Second resistance is the reaction high crossing at .10435. First support is last Monday's low crossing at .9867. Second support is the 75% retracement level crossing at .9799.

Click here for the Options University Forex Trader

Click here for more forex resources, free Metatrader4 demo, and Metatrader4 Expert Advisors

Monday, April 13, 2009

Weekly Stock Pick

Buy Sell Hold
This Weeks Big Financial Reports and Events

While my special trading software is scanning about 6,000 stocks on the New York and Nasdaq markets, I’m looking ahead at this week’s high priority economic reports coming out. Starting Tuesday is Advance USA Retail Sales, with USA Chairman Bernanke Speaking in Atlanta on Financial Crisis. Wednesday is the Consumer Price Index. Thursday is the Euro Zone Consumer Price Index report, and Friday is USA Chairman Bernanke Speaking at the Fed Conference in Washington. These are the biggie reports and events for the week. As always, stay tuned to these and other economic reports on short or long guidance in the markets.

Bear Market Rally Continuing or Back Down for More Correction Work?

The market has had a nice bull run lately. I’m still calling it a bear market rally now hitting major resistance. Now we watch for the corporate quarterly reports and see if current equity prices hold. I’m in the camp we have one more big selloff which then makes it the buying opportunity of our lifetimes. Long term investors, especially the big players as I see, are coming in now accumulating bit by bit, for when the market turns it could be a vicious reversal to the upside. Then we have to watch and see how the longer term plays out. Whether it’s a continued uptrend or the market goes into a trading range long term or simply fall apart again like it did last year.

My Weekly Stock Pick This Week Is A Big Company Getting Bailed Out

My stock pick this week comes from my technical scanning trading software. It popped up more short-sell potentials than long-positions this week. Not to say the market is heading now, just more clues to the investing trading puzzle. Long term, I think my stock pick will survive and grow again to be a major player in the automobile industry, but then again, it does have its share of problems still and lots of international competition. For the time being I’m putting a short-sell on this huge USA auto maker for a pullback before starting back on another very possible long-term uptrend. My analysis to sell it short is purely technical. Fundamentally they are slowly recovering, and have received Fed bailout money to keep them going. In the next two weeks or so when President Obama address’s the USA automotive industry issue, we might possibly have a clearer vision as to the future of this USA auto giant.

Sell-Short Ford Motor Company - Short to Intermediate Term / Ticker F

Sell Entry: 4.57 to 4.03

Stop-Loss: 4.88

Take Profit Areas: 3.65, 3.27, 2.89

Note: These lower take profit areas could be the place where we see great pricing for the long term. At thes very low prices, prices could rocket as they have on this recent rally.

Ford Company Profile

Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector sells vehicles under Ford, Mercury, Lincoln, and Volvo brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-the-sale vehicle services and products in areas, such as maintenance and light repair, heavy repair, collision, vehicle accessories, and extended service warranty under brand names, including Genuine Ford, Lincoln-Mercury Parts and Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft. The Financial Services sector offers a various automotive financing products to and through automotive dealers. It offers retail financing, which includes purchasing retail installment sale contracts and retail lease contracts from dealers, and offering financing to commercial customers to purchase or lease vehicle fleets; wholesale financing that comprises making loans to dealers to finance the purchase of vehicle inventory; and other financing, which consists of making loans to dealers for working capital, improvements to dealership facilities, and to purchase or finance dealership real estate. This sector also services the finance receivables and leases that it originates and purchases, makes loans to its affiliates, purchases receivables, and provides insurance services related to its financing programs. The company has joint ventures with Mazda; Getrag Deutsche Venture GmbH and Co. KG; Neumayer Tekfor GmbH; Song Cong Diesel; and Lio Ho Group. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.

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Click the Ford Motor Company Stock Chart for a larger view.

Ford Motor Company Stock Chart

Thursday, April 09, 2009

Understanding All the Risks in a Trade

Trading Risk

Typically, I teach people to think about two kinds of risk in a trade: the risk in your stop and position sizing risk (or the total risk to your portfolio). However, there are many other types of risk in a trade, especially in these market circumstances. I thought this would be a good time to detail all of them.

My complete list of risk types:

• Predetermined risk in a trade (1R)

• Position sizing risk (the total risk determined by R and your position size)

• Market risk

• Group risk

• Instrument risk

• Underwriter risk

• Currency risk 1 (inflation/deflation)

• Currency risk 2 (a decrease in the value of the underlying currency)

• Government risk

• Psychology risk

I had no idea that there were so many different kinds of risk in a trade until we entered into this market climate. Let’s review each of them.

1) Predetermined Risk (1R). I have said for many years that you should not enter into a trade without knowing when you are wrong about the trade and having a stop order in at that point. For example, a good substitute for buy and hold in the stock market is the 25% trailing stop. Your initial risk should be 25% of the entry price. You are wrong about the trade if it drops below that price and should get out. This is a typical example of what I’ve called 1R throughout my teachings. With a trailing stop, every time the stock makes a higher close you should raise your stop so that a 25% drop from the current level gets you out.

2) Position Sizing Risk. It’s your total risk when you multiply 1R times the number of shares that you purchase. For most of you that should equal about 1% of your portfolio.

3) Market Risk. All ships go up or down with the tide. If the whole market goes down, most stocks go down with it. However, this sort of risk is well-controlled by position sizing.

4) Group Risk. This is risk in the group of stocks or commodities that you are investing in. For example, precious metals stocks tend to move as a group. Financial stocks tend to move as a group. However, this sort of risk is also controlled by your position sizing.

5) Instrument Risk. I hadn’t thought much about this type of risk until I wrote about the GLD ETF. You can find my article on the topic in a previous newsletter. When you invest in the GLD ETF you think you are investing in GLD, but you have no real idea whether or not GLD owns the gold you are investing in. There are no guarantees. Thus, gold could continue to go up, but suddenly GLD could plummet simply because something happens to show there is no gold to back up the investment. You should always ask yourself, “What is the safety of my underlying instrument?”

6) Underwriter Risk. What happens if you own GLD and HBSC (the bank that is supposed to have the gold) fails? HBSC has numerous custodians and subcustodians that theoretically have the gold behind GLD in their vaults. What if one of those banks fails? And that’s just the bank behind GLD. What if the company that underwrites a whole group of ETFs (i.e., Lehrman Brothers) fails? What if the company behind your mutual fund fails? What if your hedge fund fails? Or what if one of those companies turns out to be running a ponzi scheme? These various forms of underwriter risk are VERY REAL in today’s market climate. Thus, you should ask yourself, “What could possibly fail, making this investment worthless or tied up in the courts for some time?”

7) Currency Risk 1 (Inflation/Deflation). The current secular bull market started in 2000. Bear markets can be inflationary and deflationary. In an inflationary market you might find that the government could depreciate the value of your currency by 90%. Right now the S&P 500 is at 768. Suppose we started a good rally that took the S&P 500 to 3072—that’s 400%.

But what if the currency was inflated so that the dollar was only worth 10 cents by today’s terms? That would mean that the S&P 500 at 3072 was only worth about 307 in terms of today’s dollar. You would have really lost about 60% of your money. This is very real because the government manipulates the inflation data to make it seem much lower than it is and the only real solution out of the massive debt of the U.S. government is to inflate it out of existence. Notice the Zimbabwe note below. It’s actually a real note for $100 trillion Zimbabwe dollars. If the U.S. dollar did that, then our $100 trillion debt would be almost gone. I believe that this is the largest note every printed in history. I have a $500 billion Iraqi note, but this one is 200 times bigger.

By the way, I bought one of these on eBay for $18. At the end of March they were selling for $8 each and a 100 pack for $299. The currency no longer exists and it is still going down in value. Always keep your eye of the inflation/deflation potential of the currency in which you are investing.

8) Currency Risk 2 (Relative Value). Let’s revisit our example of the secular bear market starting in 2000. The first downleg ended in 2002, and then in 2003 the S&P 500 went up about 30%. However, that downleg corresponded with a huge decline in the US dollar. It lost about 40% relative to the Euro in 2003. While Americans thought they had made money, most of them hadn’t relative to the Euro and most other major currencies. This brings up another thing to monitor: “How well is my currency doing relative to other currencies?”

9) Government Risk. Do you trust your government? The government can make its own rules and change the value of your investment in a heartbeat. For example, when the Hunt brothers tried to corner the silver market, the government decided to stop them. First, margin rates were raised. That didn’t stop them. The rates were raised again, but that still didn’t stop them. And then the government did something that I, to this day, can’t believe. They decided that you could not buy silver anymore—you could only sell it. And since there were no buyers for the seller, silver dropped like a rock. The government has also confiscated gold coins, refused to honor its pledge to back our currency by gold, and told the U.S. states that income taxes would only apply to the very wealthiest of Americans and would not exceed a top rate of 6%. You should always be looking at what the government might do to ruin your investment.

10) Psychological Risk. This is probably the biggest risk of all because you are the biggest risk to your investments. The average trader is probably about 90% efficient, meaning they make a mistake in one out of ten trades, where a mistake means not following a sound trading system with written rules. This is probably the biggest risk you face at any time with your investments. And if you don’t have written rules to guide you, well, that just illustrates my point—everything you are doing is a mistake.

Typically, people enter into a trade oblivious to the number of potential risks they are taking. However, if you study and understand these risks, then you can minimize them.

About Van Tharp: Trading coach, and author, Dr. Van K. Tharp is widely recognized for his best-selling book Trade Your Way to Financial Freedom and his outstanding Peak Performance Home Study program - a highly regarded classic that is suitable for all levels of traders and investors. You can learn more about Dr Van Tharp at International Institute of Trading Mastery.

Wednesday, April 08, 2009

Stocks & Dollar: When One Falls, the Other Rallies?

It's safe to say most investors are convinced that trends in one market affect trends in another. When oil rallies, stocks are supposed to decline, goes the conventional wisdom. When stocks rally, bonds are supposed to fall. When bonds rally, gold is supposed to rally with it. And so on.

Forex traders are not immune to thinking this way, either. And who could blame them? How many times have you heard analysts say things like, “Higher oil prices sent the U.S. dollar down today, as rising energy costs are feared to worsen the U.S. economic slump”? Or, “The dollar gained today as a rally in the Dow restored investor confidence in the strength of the U.S. economy”?

That's not to say that correlations between markets don't exist. They do, but they are always temporary at best. Still, at Elliott Wave International's Message Board, readers often ask us to verify them. One question that comes up frequently is this: "When U.S. stock rally, the U.S. dollar falls, and vice versa -- right?"

When trying to answer a question like that, you could go a couple of routes. You could consider the “fundamentals." Why would the USD rally when U.S. stocks decline? Well, it could be because, “as the money flows out of the stock market, it goes into other dollar-denominated assets – i.e., Treasury bonds.”

But a simpler way to answer this question is to compare the trends in the Dollar Index to that of the DJIA, the U.S. benchmark stock index. And as you can see, over time, even a quick comparison proves the presumed negative correlation between U.S. stocks and the USD inconsistent. (Chart copied from EWI's intensive Currency Specialty Service.)

Click the Dollar Index Chart for a Larger View

Dollar Index Chart

In 1995-2000, the DJIA rallied. The USD rallied, too. (Positive correlation.)

In 2000-2002, the DJIA lost big – and so did the USD. (Positive correlation.)

In 2003-2004, the DJIA rallied. The USD lost. (Negative correlation.)

In 2005, the DJIA stayed flat. The USD rallied. (No correlation.)

In 2006, the DJIA gained. The USD lost. (Negative correlation.)

In 2007, the DJIA gained. The USD lost big. (Negative correlation.)

In 2008, the DJIA lost big. The USD first lost, then gained, then lost again. (No correlation.)

Since the start of 2009, the USD gained -- as the DJIA kept falling. (Negative correlation.)

Finally, in March, right before the Dow bottomed, the USD reversed and started falling. (Negative correlation.)

Bottom line: Trying to gauge the long-term trend in the USD based on the trend in U.S. stocks doesn't yield consistent results.

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Tuesday, April 07, 2009

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Monday, April 06, 2009

Weekly Stock Pick

Buy Sell Hold
The Week Ahead in the Market

As I scan the charts this early Monday morning looking for a low-risk high-reward stock pick, I’m looking at the week ahead for the markets. Is the rally going to continue or not? I’m betting not as I see it as a bear market rally now hitting major resistance. First quarter earnings season is starting. We shall see what kind of corporate profits come rolling in with the still negative economic news. Maybe no matter how bad the reports are, the buying keeps going. We shall see. Nevertheless I would be very careful buying long at current prices. Watch for the big March Chain Stores Sales Report this Thursday for the heart beat and pulse of the American consumer.

My Weekly Stock Pick

In line with the USA consumer which is a current major component of US GDP, after decades of easy money credit and fast loose buying binges, the USA has built too much of everything, including restaurants it seems. Now with consumers working hard on reducing their expenses, dining out a lot of the time is being reduced also. The fine dining restaurants have been hit the hardest, and even casual resto’s have been hit some too. Some restaurants have already gone out of business, and the rest of the smaller ones are just trying to survive. The forecast is for thousands of more restaurants to close in one or two years from now. Since 1990 restaurants and bars have grown 49 percent from 361,000 to 537,000 according to the National Restaurant Association. The US population only grew at 23% in the same period. The dining industry has been overbuilt for many years now, and it might take two or more years for it to stabilize. It looks like the saying “everyone has to eat” is not so true at all when it comes to dining out these days.

Sell Short Red Robin Gourmet Burgers. Ticker RRGB

Sell Entry: 20.52 to 19.15

Stop-Loss: 21.99

Take Profit Areas: 17.78, 16.41 to 15.04, 13.30

Red Robin Company Profile

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual dining restaurants that serve gourmet burgers in the United States and Canada. As of December 28, 2008, the company operated 423 restaurants, of which 294 were company-owned, and 129 were operated under franchise agreements, including 1 restaurant that was managed by the company under a management agreement with the franchisee in 40 states and 2 Canadian provinces. The company was founded in 1969 and is headquartered in Greenwood Village, Colorado.

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Click the Red Robin Gourmet Burgers Stock Chart for a larger view.

Red Robin Gourmet Burgers Stock Chart

Friday, April 03, 2009

March Nonfarm Payroll Report

Metatrader4 Expert Advisors
March Nonfarm Payroll - Consensus Estimate: -670,000 to -650,000 Jobs

Employment is widely believed to be a lagging indicator, so traders often look to wider economic announcements to try and gauge overall economic sentiment. However, traders continue to be assailed by good, bad and "less bad" news announcements from all sides and making sense of the markets at the moment may prove to be difficult. The bad news is highlighted by the ADP report, "less bad" includes the February sales reports from GM and Ford and the decreasing speed of the rate of decline of the Case-Schiller's index, and the ISM report falls in the good category. Another important potential equity market mover to track will be the Financial Accounting Standards Board (FASB)'s vote on the major changes proposed in the mark-to-market rules.

ADP's report increased analysts worry about economic expectations being overly optimistic. The national employment report released on Wednesday caused a stir when it announced that private sector employers cut 742,000 jobs from payrolls in March and revised the February job loss figures upward from 697,000 to 706,000. Despite headlines to the contrary, ADP reported that the largest number of job losses did not come from large employers. Joel Prakken, chairman of Macroeconomic Advisors LLC stated, "Despite some recent indications that stock prices, consumer spending, and housing activity may be bottoming, employment, which usually trails overall economic activity, is likely to remain very weak for at least several more months."

In contrast, the recent US manufacturing activity release appears to show a potential slowing of the contraction. The manufacturing output shrank again in March, for the 14th consecutive month, but the ISM index rose from 35.8 to 36.3. That is slightly more that many economists were expecting and the sub-index for new factory orders rose to the highest level since August last year, giving stock markets a little boost on Wednesday.

Though the US housing market continues to decline, Robert Shiller, co-creator of the Case-Shiller index and a professor of economics at Yale University offers a small ray of hope. The decreasing speed of the rate of decline is something to monitor. But, he added. "I don't read too much into it yet." Other housing price indices have been offering some positive indications for home price stability as well. The National Association of Realtors' initial estimates of home prices in February showed prices remaining virtually unchanged from January to February, after falling 15.5 percent on the year.

For week ending March 28, the Labor Department reported that the advance figure for seasonally adjusted initial claims was 669,000, an increase of 12,000 from the previous week's revised figure of 657,000. They also reported a four-week moving average of 656,750, an increase of 6,500 from the previous week's revised average of 650,250. The number of long-term unemployed has increased 270,000 to 2.9 million and the number of persons who worked part-time for economic reasons jumped 787,000 to 8.6 million. When you add the increase in the number of discouraged workers (up 335,000 from a year ago) and it all adds up to underscore the difficulty of finding a new job in the current employment environment.

This Friday's news releases are expected to deliver more bad news.

Experts and analysts are predicting a loss of 650,000 to 670,000 jobs

The average work week is expected to hold steady at 33.3

The unemployment rate is expected to rise to 8.5%, from 8.1%

The rising unemployment rate and high level of nonfarm payroll declines (their highest in February since Oct 1949) are expected to keep consumer spending low which drives GDP.

What is the NFP report?

Of all the world monthly economic reports, the monthly U.S. Non Farm Report (NFP) is the most highly anticipated and has the most dramatic impact on the currency market. It's basically the most important economic data report in the financial universe.

The report, which is released on the first Friday of each month and states the previous month's numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.

What's more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the U.S. economy and interest rates translate to the strength or weakness of the U.S. dollar.

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Thursday, April 02, 2009

Profitable ETF Trading Strategies

Van Tharp
Climbing Up the Steps and Jumping Out the Window

There is nothing more frustrating than finding a good candidate for a trade, making an excellent entry, and then watching the profits disappear when the market turns around and moves against our position. This kind of experience can place an extraordinary amount of psychological pressure on someone trying to trade for a living. Learning to deal with this situation before it becomes frustrating is crucial to your development as a full-time trader.

Master Trader Wisdom

I learned a piece of wisdom from a master trader one time, when he observed that stocks will often climb up the steps and then jump out the window. He was describing a common situation in which stocks climb a wall of worry and then make a dramatic selloff, which makes your profits disappear. This occurs in many stocks that have found a base at a lower price. Buyers are then slowly being tempted to enter new positions but without full conviction. You know this is happening when you see price move up in short small steps resembling a staircase. Last-minute buyers will then climb on board the momentum and suddenly push price up in a hurry. Professional traders call this a parabolic top.

Parabolic Blow-Off

If you see this formation after a long slow period of price improvement, it is a clear sign that something dramatic is about to happen. This drama is normally a rapid sell-off that captures all the profits of the last several days and traps the late comers to the party who are then eager to exit their positions to prevent disaster. This pattern happens so often that you can almost rely on it to make a living.

Trailing Profit Stops Lock In Profits

To be an effective trader you must not let your profits disappear. You need to have the discipline of harvesting your gains and protecting your open profits in every position. The easiest way to do this is to have a trailing stop of a certain percentage that is keyed on the highest high since you have been in the trade.

All Brokers Are Not The Same

If your broker does not offer this kind of automatically adjusted trailing stop, then you need to find a new broker. All the good ones have this feature. In the early stages of a trade, protecting yourself and your capital against sudden reversals is important. But after really excellent trades, you also need to incorporate this method of protecting your profits to be successful in the long term.

Click here to review more of Dr Van Tharp trading wisdom.

Wednesday, April 01, 2009

G20 Summit: Are Great Expectations Justified?

G20 London Summit 2009
On April 2 in London, the leaders of the Group of 20 industrial nations will meet to decide what to do about the financial crisis. This summer the crisis will be two years old; the G20 believes something finally must be done to end it once and for all.

The world’s financial bureaucrats remain convinced they are in control of the situation. Never mind the fact that as they lowered interest rates and “injected liquidity” over and over in the past eighteen months, stocks kept falling, credit markets remained frozen and global economies stalled as deflation spread.

The excerpt you are about to read explains just who is really in control and why the government's efforts have been failing. It is from the December 2007 Elliott Wave Theorist – but don’t let the date fool you. It’s a most relevant read, because it was published by EWI’s founder and President Bob Prechter right after the central bankers’ previous major rescue attempt.

As you are reading this, please also keep in mind that at the time, the DJIA was trading in the mid-13,000s, the economy was yet to crumble, and the public’s belief in the powers of central bankers was still unshaken.

Bob Prechter - Elliott Wave Theorist - December 2007

The world’s “big five” central banks – the Federal Reserve, the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank – have just made the announcement of their lives. Apparently working all night on Tuesday-Wednesday, the Fed arranged all these players’ cooperation in order to come up with a plan to bolster confidence among the world’s creditors and borrowers. The Wall Street Journal (12/13) calls it “the biggest coordinated show of international financial force since Sept. 11, 2001” [that] would provide billions of dollars worth of “liquidity” in the form of low-cost, one-month loans to qualified banks [in] a drive to create more inflation.

This is probably the single most important central-bank pronouncement yet. But it is not significant for the reasons people think. By far most people take such pronouncements at face value, presume that what the authorities promise will happen and reason from there. But the tremendous significance of this seismic engagement of the monetary jawbone is that if this announcement fails to restore confidence, central bankers’ credibility will evaporate.

At least that’s the way historians will play it. But of course, the true causality, as elucidated by socionomics, is that an evaporation of confidence will make the central bankers’ plans fail. The outcome is predicated on psychology. If wave c of the bear market has begun, nothing the Fed does will engender confidence. On the contrary, everything it does will be interpreted, in the trend toward negative social mood, as something bad. The Fed’s failures will not create fear; fear will create the Fed’s failures. You can’t tell the market what you will or won’t accept. It tells you. Good luck changing the mood of the crowd.

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In the stock market collapse of September-November, 1929, consortiums of banks announced several times that they were pooling resources to prop up stock prices. They failed. But today’s central banks are many multiples bigger than the biggest banks of 1929, and they have unlimited credit and no real-money standard. They are nothing less than super-banks, which can create credit from nothing; all a customer has to do is ask for it.

Ah, but that’s the problem. Someone has to ask. The expansion of credit depends on willing and able borrowers. Debtors have to trust the future well enough to borrow—and pay back with interest—the credit the central banks have to offer.

The root of today’s systemic dilemma is not mechanical, as the monetary engineers believe, but psychological. Bernanke thinks he can pull switches to prevent deflation. But you can’t pull switches on a crowd. It pulls switches on you. When the Fed’s credibility withers in the environment of a bear market, the monster will have overpowered his makers, and the gunfight will be over.

When the Dow slipped below 6,500 on March 6 of this year, “the gunfight” clearly ended in favor of the bearish market psychology that shredded ALL central banker efforts. So, does this mean that they shouldn’t even try? Should the G20 summit be called off?

Well, as the old saying goes, there is a time to throw stones and a time to gather them. Government interventions only work when they are aligned with the mood of the crowd. The previous rescue attempts got trumped by fear. But the recent rallies in global stocks show that investors’ collective mood is rebounding; fear is receding.

Because of that, the timing of the world leaders’ G20 summit could turn out to be quite good. Call it luck – because it’s exactly what it is. To find out how high this optimism may carry European stock markets, click here. If you are a U.S. investor, our Financial Forecast Service will get you up to speed. Read them risk-free now.

Good day, safe investing and trading.