Please work through this commentary on all of the sides of the stock market, and the spiritual and dramatically world changing event occurring in the Nano second. There is no idea of the input we receive in bytes and that reality to some seems secondary to what we are living.
First Trader Alan, our Dice Roll Basket founder sent me one of the most exciting and spiritual videos I’ve ever seen, so let’s start the “method of the market” with this:
A must see video:
or
http://www.flixxy.com/bear-animal-nature-film.htm
The markets have ‘almost broken” down many days now, always to be led by a savior, Friday being one of the most brilliant economic and political blows made, using the oil reserves, and controlling the false pricing that permeate what we do.
Friday’s oil move will not be seen to full effect for months but is an economic answer that doesn’t add to our deficit (what people are falsely concerned about).
Chartists were interesting in how they see the lagging indicators of the day:
-- THURSDAY'S LATE STOCK BOUNCE KEEPS 200-DAY LINES INTACT
-- NASDAQ ACHIEVES UPSIDE REVERSAL
-- DAILY MACD LINES ARE TURNING POSITIVE
--FINANCE SECTOR LEADS THE MARKET LOWER
-- MATERIALS SPDR FIRMS AT SUPPORT
-- TECHNOLOGY SPDR TESTS DOUBLE TOP SUPPORT
-- ENERGY SPDR FALLS WITHIN WEDGE
-- MARKING KEY RESISTANCE FOR THE DOLLAR BULLISH ETF
-- 13-WEEK TBILL YIELD FALLS TO 2008 LEVELS
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In this game, the market can keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder for six months until you get a fat pitch."-Warren Buffet
As the market hovers at the 000’s there is growing bad news, risk to the upside, but a very strong that some event or “news” triggers a move up. Funds have now sold out for the quarter, locked profits and we are at our near a superb place to buy in stocks and bonds, and all of our portfolios. We remain up as of 7/3/11 27.45% in stocks and bonds, NOT including dividends or capital gains (most of our recommendations reward with dividend).
We hold all long term 2013 stock options right now, all down, and all traders should use either the 20 or 25% trailing stop loss model, OR the PnF support and resistance model.
Things great or things right in the crapper.
S&P over 1300
Nasdaq above 2280
Dow above 12190
Each triggers general buy signals, but gains may be less than 400 to 500 points at high risk.
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