ACTS Money Machine

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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 [protect]

A very Down day . . . as some of last night’s Charts predicted. . . . Here are a bunch of Annotated Charts for today:

1 – the Monthly OE Pivots-Chart nails it again!

QQQQ Feb OE Pivots

2 – here’s another Daily Chart that shows the fall from a different perspective .. with a Target:

QQQQ Daily

3 – the same look . . but different:

another QQQQ Daily

4 – the new QQQQ Volatility Chart is showing some action . . . the 55-ma is now overhead Resistance … watch for a retest of that if we do get a Bounce Up:

QQQQ Daily Volatility

5 – some more of our self-drawn Pivot Levels . . . just amazing!

QQQQ LT Pivots

6 – even my Cloud Chart has worked amazingly! . . .  the Drop today stopped right at the bottom line of the Cloud . . . tomorrow is the important day … will it Drop through the bottom or Bounce Up towards the top … will it rain or shine ??

QQQQ_Daily_ICHIMOKU

7 – definitely a Bearish turn Down for the QQQQ Longer-Term Renko:

QQQQ_Daily_Renko

8 – the SPY Cloud Chart looks a little better than the QQQQ one . . . QQQQ (and RUT) was definitely the weakest Index today … possibly a move out of the Tech Sector ??

SPY_Daily_ICHIMOKU

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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  [protect]

Still waiting for the next direction . . . another wild intraday, that ended Up this time . . . BUT, with a lower High and a lower Low than yesterday. Let’s look at some Annotated Charts from today:

1 – in last night’s Chart-3, I posted this Chart calling for a probable retest of the S1 level above the Closing price yesterday . . . sure enough, that is just what we got … Closing right on that S1 level:

QQQQ Feb OE Pivots

2 – this medium-term Daily QQQQ Chart shows that we’ve gone back Down into the old range that we had broken higher out of . . . now QQQQ is trying to break out higher from there again . . . notice how perfectly things line up with previously drawn breakout lines/levels … that’s why you shouldn’t ever erase “good ones” from your charts:

QQQQ Daily

3 – the updated QQQQ  Daily  ICHIMOKU Chart shows how nicely that Cloud is acting as Support . . . it shows QQQQ currently slightly on the Bearish side, but still well within the possibility of a Bounce and break-out higher:

QQQQ Daily ICHIMOKU

4 – this SPX Chart shows how price has moved perfectly Down to the Bottom of the previous Range that was broken higher out of a month ago! . . . Bounce or break Down lower?

SPX 60-min

5 – with that StochRSI spike-peak and the price/MA Kiss, SPX may be ready for a turn Down:

SPX 60-min #2

6 -an Annotated SPY ICHIMOKU Chart:

SPY Daily ICHIMOKU

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Seasonal Stock Analysis and Tools

If Stocks Tank, Shouldn’t Gold Soar?
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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  [protect]

Quite a Volatile day today . . . good for Day-Trading, bad for trying to decide whether or not to hold on to your longer-term positions and getting whipsawed!

1 – here’s the 5-min VST Chart showing the way to pick Profits out intraday . . . . CCI extreme breakouts verified by Volume spikes:

QQQQ 5-min VST Chart

2 – the 60-min IT Chart showing the Down trend this past week and how today’s Bounce was stopped by the MAs kissing and falling:

QQQQ 60-min IT Chart

3 -  right in the middle between OE Pivots . . . might retest the one above before failing and moving Down to the next one below . . . OR . . . just keep moving higher if the “powers to be” let’er keep running Up again:

QQQQ Monthly OE Pivots

4 -  look at the update of the QQQQ Daily Cloud Chart I posted this past weekend . . . the Cloud Top stopped the fall and has Supported her these past two days . . . it will be interesting to see what happens tomorrow:

QQQQ Daily Cloud

5 -  the QQQQ Daily Renko shows the Down Signal recently triggered a good Down 3-block run . . . if QQQQ drops any further, it will be the first run Down of more than 3-blocks since March-2009:

QQQQ Daily Renko

6 – our S&P-500 Long-Term Pivots . . . good Support at 1093 . . . what next ??

S&P 500 Long-Term Pivots

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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 [protect]

Kind of a boring day . . . Up/Down/Up–sideways . . . QQQQ did hit the Upside Target I called for this morning (above) and then fell . . . but there was no Signal to Trade . . . also of note, SPX did not come close to hitting its Upside Target .. so, QQQQ showed relative Strength.

Go over my last Weekend Analysis again as you prepare for Trading tomorrow . . . futures are Down a lot now (2300.ET), but that easily change by morning … come back in the morning to read my BMO Commentary.

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

1 – on a close-up View, we can see that QQQQ has broken Down back into the 6-week Range of last month . . if Bears are winning, the Gap-filling Target of 42.50 should be in sight:

2 – my new Volatility/MA indicator worked quite well . . . she’s now pointing to a Bounce . . . unless the Bears have really taken over:

3 -  even my new Cloud Chart has proven worthy . . . QQQQ stopped the Drop right at the Top of the Cloud … a good Support Area . . . look for a possible Drop within the Cloud before a Bounce . . . if the Bulls are still in ultimate control, QQQQ will not Drop through the Bottom of the Cloud:

4 -  the Regression Channels I drew many months ago have held up well . . . we’re just now seeing some weakness . . . let’s monitor this Chart to see if we get further Short-Term Weakness below the bottom pink line:

5 -  this really Long-Term Chart I drew ages ago is really amazing . . . it will soon tell us who the winner is .. Bulls or Bears:

6 – some S&P-500 Fib Retracements . . . we have interestingly reached the 50% retracement Up of our recent Drop Down . . . usually a good place to stop and Reverse for a little bit:

7 -  here is an Elliott Wave Chart that I drew a few months ago . . . QQQQ action overshot the 61.8% Reversal a little bit, but we might finally be getting Wave-3 Down now . . . I’m looking for a Drop back below the 61.8% Level to confirm a Bigger Reversal:

8 – this is an interesting Elliott Wave International Chart that shows the incredible similarities between the DOW action of the past two years versus the DOW action during the start of the Great Depression . . . even that approximate 50% retracement is the same!:

My Equity strategy will be to wait a day or two and see a Bounce or follow-through Down . . . then I’ll jump on some appropriate stocks/indexes.

My Options strategy is to have positions that will Profit from a move to either side . . . maybe some Calendar Spreads on both sides where I’m monitoring closely and taking Profits as they come while adjusting the positions Up/Down.

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Good Luck !!!

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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  [protect]

She sure did come Down and retest the bottom of the Range! . . . and then broke Down Hard and then Bounced to Close right at the bottom of the Range . . . I’m looking for a Bounce tomorrow.

1 – the 5-min QQQQ Chart shows that the Drop was so Big and so Fast and there was no Signal .. that you just had to stand back and watch . . . until it hit the bottom of the range . . . then look at the Signal that came out . . . pretty Strong for a Reversal:

2 -this Daily QQQQ Chart shows the reach Down to Support as well:

3 – the new Volatility indicator worked well . . with Volume in agreement . . . I usually like to add Chaikin Money Flow to it as well:

4 -  this Daily QQQQ OE Pivots Chart shows how Strong my lines are .. able to stop fast moving stocks even when dashed!

5 – amazing! . . . even the old long-term ones are Powerful too:

6 – the S&P-500 (SPX) 60-min Chart shows the break-down from the Range we’ve been following . . . notice how nicely it went Down to the previous Range . . . it’s important to keep your old drawn lines . . . or at least be able to scroll Down and look at all of my old Annotated Charts on this Blog!

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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 [protect]

Quite a Down day today . . back to the bottom of our recently defined Range . . . tomorrow should bring us a move higher . . . if not, the Bears will start to come out in force!

1 – this 60-min QQQQ Chart shows how nicely she went right back Down to the bottom of the Range . . . after hitting the top perfectly and then hitting the bottom perfectly and then Bouncing!

2 – the Daily View using the Feb-OE Monthly Pivots shows the Topping/Bottoming action from a bigger picture . . still waiting for a breakout:

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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  [protect]

Just Up all day . . . I think mostly because the Health Care Plan may be defeated if Brown wins Massachusetts.

1 – the QQQQ Feb OE Monthly Pivots Chart shows how the today’s action fits within the Daily realm of things:

2 – the S&P-500 ($SPX) 60-min Chart from last night (updated) shows how price regained the Up-channel . . but was stopped again at the Range-Top (115x):

3 – the 60-min SPY Chart shows the same thing .. from the perspective of the MAs . . regaining them and stopped by the local Top:

Summary — so, still within the Range . . . tomorrow could be the break out higher . . . or Down again.

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Trend-Riding System!

Let’s take a Bigger Picture look at what I see for Trading this week . . .

don’t forget to check the Economic Events out tomorrow.  [protect]

1 – an S&P-500 (SPX) 60-min Chart . . waiting for a breakout of the Range: 1130 – 1142

2 – a SPY 60-min Chart versus the Moving Averages:

3 – a SPY Daily Ichimoku Chart . . . watch for a move Down to Support levels of the Red line and then the Cloud . . unless she just takes off higher:

4 -a Daily QQQQ Chart with a different perspective . . I’ve added “Volatility” into the equation and look for a pattern in the action . . 45.50 – 46.60 is the current Range . . I’m looking for a break lower to the 55-ma:

5 – a QQQQ Daily Ichimoku Chart . . with the same Analysis as the SPY one above:

Overall, I’m looking for a QQQQ move Down to 44.50, before a possible Bounce … and then we’ll see how high she goes, if at all.

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BMO Commentary

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

0740.ET
World Markets and US Markets/Futures are currently Down.
QQQQ/SPY are currently Trading at 46.28/ 114.40
The US-Dollar is Up 0.5% .. well over 77.0 right now.

There are very Big Economic Events out this morning starting  at 0830.ET and going until 0955.ET.

Opening Action and probably momentum for the rest of the day will be determined by the morning news.
See chart-1 and chart-3 from last night for Support/Resistance details.

AMC Commentary [protect]

As we predicted in our first two Charts from last night, the Market was Down today . . . fairly Big . . . we’ll look for follow-through tomorrow . . OR . . . a Bounce and start of a new Rally.

QQQQ is Ranged between 45.50 and 46.60 as today was a fairly steep Drop, but it was held within recent days’ Highs/Lows . . . the next leg Up/Down would need to break out of that Range Strongly.

the S&P-500 (SPX) is in the same boat between 1130 and 1150 . . with 1161 being Big Resistance on the Up-side . . . SPY’s Range is 113.20 and 115.15

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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 mostly Up while US Markets/Futures are currently Down slightly.
QQQQ/SPY are currently Trading at 46.30 / 114.63
The US-Dollar Up some .. over 77.0 right now.

There are very Big Economic Events out this morning starting (and especially) at 0830.ET

Opening Action and probably momentum for the rest of the day will be determined by the morning news.
See chart-1 from last night for January-OE Pivot-Levels = further Support/Resistance details.

AMC Commentary [protect]

Kind of a sideways day .. after less than spectacular Economic Reports out this morning . . no Trades today .. and tomorrow is OE day, so no Trading for me then either . . . Monday the US Markets are Closed .. I will be spending part of the weekend preparing/finalizing a new Income Generating Trading strategy and will begin Trading it on Tuesday . . . unless an amazing opportunity presents itself  tomorrow . . then I will Open a small position then.

Here are some worthy chart for today:

doh! … the WordPress Image-Import tool is giving me problems for the past two days . . . I’ll spend the weekend revamping this website as well !!

Here is a dump of the Annotated Charts I had planned:

1 – QQQQ indicators are looking weak as QQQQ tries to struggle higher … Short-Term Bearish:

2 -  SPY has definitely filled that Gap from two days ago . . but still has not made new highs:

3 – this is the S&P-500 (SPX) Long-Term Pivot-Levels Chart . . . it’s looking like 1161 might possibly be touched before falling . . if it can’t, then a bigger Downer should ensue . . . if it can, be looking for a break and Hold above it for the Bulls to continue to be in control:

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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 Markets are mostly Down while US Markets/Futures are currently Up slightly.
QQQQ/SPY are currently Trading at 45.93 / 113.93
The US-Dollar is Down some .. under 77.0 right now.

There are No big Economic Events out this morning . . . at 1400.ET there are the FED Beige Book notes being released.

45.50 < QQQQ < 46.00 is the broad Support/Resistance Range for today . . .
See chart-2 from last night for January-OE Pivot-Levels = further Support/Resistance details.

AMC Commentary [protect]

The Market Opened and moved Down this morning until about 1030.ET . . . then it went Up all day . . . the bottom of the Range I Posted this morning (ab0ve) acted as Strong Support again and the overhead Resistance was Strongly broken (see the Chart below) . . . however, with earnings Season upon us and Big news coming out the next two days, the Market can move Strongly in either direction from here.

This Chart shows the bigger (Daily) picture . . . today’s move only filled in the Open Gap … it did not make new recent highs:

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Why You Should Care About DJIA Priced in Gold
Of the many forward looking market indicators we at EWI employ, one of the most interesting tools (and least discussed in the financial media) is the DJIA priced in gold — “the real 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/Futures are currently Down Big.
QQQQ/SPY are currently Trading at 46.02/ 113.88
The US-Dollar is Up 0.20% .. nicely above 77.0 right now.

There are Big Economic Event out this morning starting at 0745.ET. . . all BMO, these Reports will shape Trading today.

See chart-2 from last night for January-OE Pivot-Levels = Support/Resistance.

AMC Commentary [protect]

A surprisingly Down day today .. that held fairly Down into the Close . . . that could be read as Bearish, but look at the following:

1 -this 60-min S&P-500 Chart shows that today was a pull-back to a Strong Up-trend and then a Bounce . . it would be healthy & Bullish if it rallies higher tomorrow:

2 -the January Monthly OE Pivots once again show nice predictive power . . . the MACD indicator DID turn Down and the next lower Pivot-Level DID act like a great magnet (Target) . . . stopping the fall:

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