ACTS Money Machine

Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0805.ET
Far East Markets are Up Big while European Markets are Down Big . . US Markets are Down slightly right now.
QQQQ/SPY are currently Trading at 43.34/ 109.45
QQQQ Resistance is at  43.61, then 43.80, then 44.14, then 44.68, then 44.92
QQQQ Support is at 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals and Targets .. or the lack of them for continued follow-through.
Be  sure to check back here tonight for my Commentary on today’s action.

There are some Economic Events out today starting at 0945.ET.

Precious Metals are Down and  the US-Dollar is Down right now.

AMC Commentary

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Diet every other day with great results!

Here are my thoughts and Annotated Charts for Trading this coming week . . . and my Trading Plan for tomorrow:

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Prechter Stands Alone Again… He’s Done the Math
By Neil Beers

So Bob Prechter is bearish again. That may be no surprise to some, but recall that Prechter was about the only bull on February 23 of this year when he covered the short position he had recommended on July 17, 2007. That was nearly two years later and 800 points lower in the S&P. Read More.

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0650.ET
World and US Markets are Up some right now.
QQQQ/SPY are currently Trading at 44.14/ 111.09
QQQQ Resistance is at  44.14, then 44.68, then 44.92
QQQQ Support is at 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals and Targets .. or the lack of them for continued follow-through.
Be  sure to check back here tonight for my Commentary on today’s action .. and a possible Weekend Analysis coming in a few days for Trading through the end of the year.

There are Big Economic Events out today starting at 0700.ET .. with the Big ones starting at 0830.ET . . so a lot can happen between now and the Open.

Metals and Energy Commodities are Up as  the US-Dollar is Down right now.

AMC Commentary 

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the Ultimate Trading System!

What Record High Dollar Volume of Trading Says About Confidence
by Steve Hochberg and Pete Kendall

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0805.ET
World and US Markets are Up Big now.
QQQQ/SPY are currently Trading at 44.14/ 111.09
QQQQ Key level = 44.14
QQQQ Resistance is at  44.68, then 44.92
QQQQ Support is at 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts .. especially #1 and #2 .. for direction today.
Be  sure to check back here tonight for my Commentary on today’s action.

There are some very important Economic Events out today starting at 0830.ET.

Metals and Energy Commodities and the US-Dollar are mixed-unchanged right now.

AMC Commentary 

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CandleSticks made easy!

How a Kid With a Ruler Can Make a Million
A Lesson in Drawing and Using Trendlines
by Jeffrey Kennedy

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0715.ET
World and US Markets are Up Big now.
QQQQ/SPY are currently Trading at 43.86/ 110.61
QQQQ Resistance is at 43.80, then 44.14, then 44.68, then 44.92
QQQQ Support is at 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote over the weekend and look at the Annotated Charts I posted then for guidance.
We are at an important price level and today’s action should help tell us the future .. be sure to check back here tonight for my Commentary on today’s action.

There are some important Economic Events out today starting at 1000.ET.

Metals and Energy Commodities are Up while the US-Dollar is Down right now.

AMC Commentary 

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E-mini Trading Course!

Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?
by Nico Isaac

Here are my Annotated Charts and Commentary for Planning our Trading for this coming week:

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Easy Trader Pro!

How to Prepare for the Coming Crash and Preserve Your Wealth

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0715.ET
World and US Markets are mostly Down.
QQQQ/SPY are currently Trading at 43.27 / 108.95
QQQQ Resistance is at 43.80, then 44.14, then 44.68, then 44.92
QQQQ Support is at 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.
We got that break-out of Friday’s Range (to the Down-side) . . . Subscribers, read what I expect next in last night’s AMC Commentary.

There are no Economic Events out today except some Fed speaks.  There will be no news effect on the Open except for possible Corporate Earnings Reports . . . Dell reported BAD last night and is weighing on QQQQ.

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Also, don’t forget that today is OE .. the end of November options.

AMC Commentary 

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a Forex Robot!

More than 130 banks will have failed by the end of 2009. Is Your Bank Safe?
By Gary Grimes

By the end of 2009, more than 130 banks will have failed. Most depositors will have little clue their bank was even at risk. Worse yet, the string-pullers in Washington are doing everything in their power to hide information about the safety of your bank from you. Learn what you can do now to protect your money.  Read More

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0630.ET
World and US Markets are mostly Down slightly.
QQQQ/SPY are currently Trading at 44.03/ 110.40
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 44.14, then 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.
Use any break-outs of Friday’s Range as well.

There are some Big Economic Events out this morning starting at 0830.ET .. be watching for them!
They will have a big effect on the Open and early Trading.

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Yesterday we got some weakness .. the pull-back we’ve been waiting for … now is the time to see how Strong the Markets are .. or not!

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary

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Guide to Swing Trading!

If Stocks Tank, Shouldn’t Gold Soar?
By Jeff Reckseit

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0800.ET
World Markets are Up slightly … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.50/ 111.41
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 44.14, then 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.
Use any break-outs of that outer Range as well.

There are some Big Economic Events out this morning starting at 0830.ET .. be watching for them!
The MBA Purchase Applications Report was released at 0700.ET and was “bad”.

Metals and Energy Commodities are Up while the US-Dollar is Down right now.

Yesterday we got some consolidation . . still looking for a Break-Out . . probably to the Down-side for the Short-Term.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary

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a Great! Diet . . . I have actually used it and lost 18-pounds in less than 1-month .. honestly.

Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0725.ET
World Markets are Up big … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.24/ 110.71
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 44.14, then 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.

There are some Big Economic Events out this morning starting at 0745.ET .. be watching for them!

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Yesterday we got the break-out of the Trading Range we’ve been looking for .. it was to the Up-side . . . look for at least a slight consolidation now .. probably retesting the break-out level around 44.1x . . . THEN watch what happens to see what the future might hold.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary 

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Short-Term Swing Trading !

How A Bear Can Be Bullish And Still Be Right
By Nico Isaac

In recent months, Elliott Wave International President Bob Prechter has become something of a household name. In the final two days of August 2009 alone, Bob was mentioned by several news outlets from MarketWatch to the New York Times. The claim to his “fame”– Read More.