Today we play the calendar game. We start off with a weekly chart of the ES (SPY futures) dating back a few years and see what has been happening in the markets ever since. We slowly zoom into the action and try to understand where we are at within the bearish patterns that have been developing over the last 6 months. Today we notice that the 3 last days of the rally have been an ascending wedge formed by an options expiration lift, and if broken to the downside could be incredibly bearish into next week. We also notice that the last week has been basically consolidation for another potential move higher if 1008 on the S&P is broken. If that level is broken, we will shoot to the 1008 double top and probably break it and rally to at least 1020-1025 and as high as 1045. Since we’ve had 3 days of low volume rallies we believe that tomorrow could be a pull back, we played today by selling the upside 102 SPY august calls hoping for some premium, and buying september puts (even though some got stopped out earlier on). Video Rating: 5 / 5
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In the ProtectMyRetirementAccount.com blog entry back on March 21st, 2009 entitled “Forming a Sustainable Bottom”, CEO & Chief Technical Analyst, Joseph Soltra, wrote “… our proprietary PMRA Market Bottom Indicator is currently showing a large positive divergence with the S&P 500 Index indicating that the overall market for stocks is definitely gaining strength. It is just a matter of time before the demand for stocks will begin to drive prices higher, causing the Dow Jones Industrial Average and the other major market indexes to rise once again over the long term.” Today, the Dow Jones Industrial Average is up more than 42% from that point.
Here is a link to the ProtectMyRetirementAccount.com blog so you can check it out for yourself: http://protectmyretirementaccount.com/blog/?m=200903.
“What sets us apart from our competition is that we focus strictly on the long-term trend of the stock market. Because of this, we are able identify major stock market turning points with a very high degree of accuracy,” says Mr. Soltra.
Mr. Soltra continued, “I started ProtectMyRetirementAccount.com because buy & hold stock investing just doesn’t work anymore. Over the past ten years, buy & hold investors have been through two of the worst stock market crashes in history and have seen their retirement savings and their retirement dreams disappear – even investors who were very well diversified.”
Lily Rodriguez, who has been a subscriber to the PMRA service since August, 2009 says, “After losing so much money in my retirement account before deciding to put my savings in a money-market mutual fund, I thought I would never invest in stocks again. Since I subscribed to your service, I’m now invested in stocks at the right time. Thank you!”
Mr. Soltra went on to say, “In these volatile financial times, diversification is simply not enough. Investors facing retirement who are looking to preserve capital as well as enjoy significant returns are recognizing the extreme risks involved with traditional buy & hold stock investing.”
The Woodlands, TX-area www.ProtectMyRetirementAccount.com helps investors protect their retirement savings from major stock market declines by advising them when to be invested in stock based mutual funds and when to be invested in cash equivalents such as money-market mutual funds or stable value mutual funds. ProtectMyRetirementAccount.com also publishes the PMRA Weekly Market Update newsletter, every Friday evening, which allows subscribers to remain up-to-date with current stock market conditions.
It’s no secret that online trading can be a very lucrative, yet highly competitive field, and the truth is that the stock market doesn’t care if you are an experienced or a beginner trader.
The rules and the opportunities are the same for everyone, so either you are going to make money when you pick a stock and make a trade or you are simply going to lose it in favor of the more seasoned ones.
It won’t matter if we are in a recession or we have a great economy. Gamblers and ignorants loose money consistently either way. While experienced and Profitable traders make money in good or bad times. The trick is to learn how to do it.
As a stock trader your homework is all about studying and testing different market strategies that can help you take advantage of stocks while at the same time protect your gains.
Just always keep in mind that a good strategy is simple and practical. Complicated stock systems will always make you slow in your decision making process or confuse you from the start.
A trader must always read as much as he can. There is simply no other way to prepare one self for this difficult yet incredibly rewarding activity, but to read and put into practice as much ideas as you can, at least by paper trading first.
The are a lot of books on the subject that pretend to help you, however many of them where written 6 or 8 years ago and that kind of makes them obsolete in this constantly changing field.
Fortunately there are some practical stock trading sites on the web where you can access proven trading strategies that are easy to implement. One of those sites is http://www.ChatHotStocks.com
They focus on stock trading methodologies that can help you identify and take advantage of certain stocks with momentum, while limiting your risk.
Visit them today and improve your stock trading potential in 2009.
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The Woodlands, TX (PRWEB) October 26, 2009 In the Protect My Retirement Account.com blog entry back on March 21st, 2009 entitled “Forming a Sustainable Bottom”, CEO and Chief Technical Analyst, Joseph Soltra, wrote “… our proprietary PMRA Market Bottom Indicator is currently showing a large positive divergence with the S&P 500 Index, indicating [...]
Stock Trading Basics 2009 > Stock Picking Techniques – Day Traders Online School By.- http://www.MomentumStockTrading.com The stock market should present us with a wide variety of NEW hot stocks in 2009. Many of them are going to be new technology stocks that come from the nanotech, biotech, financial, energy, healthcare & communications sectors. Most of [...]
Question by William M: After Citigroup exchanged preferreds July 24, 2009, why are those stocks still being traded? Look at stocks CPRM, CPRO, & CPRQ; these were among those that Citigroup announced would cease paying interest and be de-listed after the July 24th conversion date. I owned them and tendered my shares and received a [...]
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Stock Trading Tips > How to Pick Hot Stocks in 2009 – Picking Top Stocks By.- http://www.MomentumStockPick.com The stock market should present you with a wide variety of NEW hot stocks in 2009. Many of them are going to be new technology stocks that come from the nanotech, biotech, financial, energy, healthcare & communications sectors. [...]
2009 Hot Stock Picks >> Stock Market Tips .. Strategies for Making Money Day Trading Stocks Online 2009 Hot Stock Picks >> Stock Market Tips .. Strategies for Making Money Day Trading Stocks Online By.- http://www.StressFreeTraders.com A beginner usually feels very attracted to the stock market while for example discovering a stock that’s being reported [...]
SpeculatingStocks.com has released its top 10 best stocks for 2009 including penny stocks and small cap stocks. Pittsburgh, PA (PRWEB) December 23, 2008 — SpeculatingStocks.com has announced the release of its hot stocks for 2009 stock list. The list includes the best penny stocks, stock picks and investments for 2009. The stocks for 2009 list [...]
