ACTS Money Machine

Here are my thoughts on this past week and Trading Plan for next week . . .

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The Three Phases of a Trader’s Education: Psychology, Money Management, Method

BMO Commentary

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

0730.ET
Far East Markets are Down Big, European Markets are Up slightly, and  US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 43.66 / 108.65
The US-Dollar is Up … over 79 now

After this week so far, the mood is Bearish, however I do see signs of a possible Bounce . . . however, I would not get Bullish today under any circumstance. . . . Using my VST/ST Trading Model, I will be looking at any Rally for a place to Open a Down position.

There are lots of Big Economic Events out this morning .. starting at 0830.ET

AMC Commentary 

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Check back Sunday night for our Weekend Analysis!

Bernanke’s Burn Notice — Why Now? Research Reveals Insight Into Fed Chairman’s Popularity

Like a spy who gets a burn notice (as depicted in USA Network’s hit series, Burn Notice), suddenly he lost his support. No one trusts him anymore. Why the sudden turnaround in his fortunes? 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.

0730.ET
World Markets are Up nicely and  US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 44.66 / 110.45
The US-Dollar is Flat … still well above 78 .. almost to 79

Today will be important as the Markets try to break out of the Range they’ve been in for the past few days. . . . For QQQQ, 44.8x on the Upside and 44.00 on the Downside are the barriers.

There are Big Economic Events out today .. starting at 0830.ET

AMC Commentary

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Seasonal Stocks

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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.

0730.ET
World Markets are Down some and  US Markets/Futures are Up slightly now.
QQQQ/SPY are currently Trading at 44.35 / 109.50
The US-Dollar is Down slightly… still well above 78

Pretty much the same as yesterday . . . we’re in a mode of waiting for the next direction now . . . consolidating at these Support levels. An overall weak Market/Environment that can always be manipulated higher.

There are Big Economic Events out today .. along with the FOMC Announcement at around 1415.ET

AMC Commentary 

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Seasonal Stock Analysis and Tools

If Stocks Tank, Shouldn’t Gold Soar?
Large banks, pension funds, and gold bugs are become more infatuated with gold the more the economy weakens and stocks decline. But when you look at the facts, does gold really rise when stocks fall? 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.

0645.ET
Asian Markets are Down Big while European Markets are Down some and  US Markets/Futures are Down slightly now.
QQQQ/SPY are currently Trading at 44.16/ 109.09
The US-Dollar is Up some … still below 79

Pretty much the same as yesterday . . . I’m looking for an Up-Bounce . . . but watch for a failed rally to Open Shorts . . . QQQQ=44.5x-44.6x and SPY=110.50 are good areas to look for our Trading System Reversal Down Signal . . . BUT, if she looks Strong, just let her ride Up.

There are lots of Big Economic Events out today .. starting at 0745.ET.

AMC Commentary 

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Elliott Wave Articles

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 Markets are Mixed near unchanged while US Markets/Futures are Up nicely now.
QQQQ/SPY are currently Trading at 44.44 / 110.38
The US-Dollar is Down some … still above 78

Like I posted about last night, I’m looking for an Up-Bounce . . . but watch for a failed rally to Open Shorts . . . QQQQ=44.5x-44.6x and SPX=1115.xx are good areas to look for our Trading System Reversal Down Signal . . . BUT, if she looks Strong, just let her ride Up.

There are Big Economic Events out today .. starting at 1000.ET.

AMC Commentary

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New Year: New Economic Boom? Why 2010 Should Be One to Remember

Elliott Wave International’s latest free report puts 2010 into perspective like no other. The Most Important Investment Report You’ll Read in 2010 is a must-read for all independent-minded investors. The 13-page report is available for free download now. Learn more here.

After a Wild Week, here are my thoughts about Trading this coming week . . .

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Good Luck !!!

Best Penny-Stock System!

Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis
by Elliott Wave International

BMO Commentary

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

0645.ET
World Markets are Mixed from Up Big to Down Big and US Markets/Futures are mostly Down now.
QQQQ/SPY are currently Trading at 45.85 / 113.75
The US-Dollar is Up Big … almost to 79! (negative for stocks)

Yesterday we reached the Bottom of the Range I show in last night’s Charts . . . today it’s looking like, so far, that we’ll Open Lower and I’ll look for a retest of the Bottom of that Range .. then see if we get a Shorting Signal .. or .. if she Bounces in a Bullish move Up … at which point I’ll open an Up-position.

. . . BUT, we still have Big Reports to come Before the Market Opens . . .

There are Big Economic Events out all morning today .. starting at 0830.ET.

0755.ET Update . . . US Futures have been rising some since my previous post at 0645.ET and are now slightly positive . . . I anticipate that the BMO Economic Reports as well as Goldman Sachs Earnings Release at 0800.ET will drive the Markets.

AMC Commentary 

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Good Luck tomorrow . . it should be a Wild one!

New Year: New Economic Boom? Why 2010 Should Be One to Remember

BMO Commentary

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

0808.ET
World and US Markets/Futures are mostly Down now.
QQQQ/SPY are currently Trading at 45.35/ 114.59
The US-Dollar is Up Big … well over 78!

Yesterday we reached the Top of the Range I show in last night’s Charts . . . today it’s looking like, so far, that we’ll go back Down . . . BUT, we still have Big Reports to come Before the Market Opens.

There are Big Economic Events out today .. especially at 0830.ET.

AMC Commentary

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30-days to Wealth!

Earnings: Is That REALLY What’s Driving The DJIA Higher?
The idea of earnings driving the broad stock market is a myth.

BMO Commentary

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

0730.ET
World and US Markets/Futures are mostly Down now . . US Futures were Up Big late last night, but have come back Down to slightly below Unchanged. There are lots of financial institutions reporting Earnings this week (including today).
QQQQ/SPY are currently Trading at 45.83 / 113.40
The US-Dollar is Up nicely to over 77.50.

Read yesterday’s Weekend Analysis for Support/Resistance level guidance and what I expect to happen today and this week.

There are no big Economic Events out today.

AMC Commentary 

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Trend-Riding System!