ACTS Money Machine

11 Commonplace Market Views: True or Myth?
by Susan C. Walker

Do you believe that earnings drive stock prices and that it’s enough to simply beat the market? Better think again, once you read how Elliott Wave International debunks these market myths. 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 and  US Markets/Futures are mixed-Flat.
QQQQ/SPY are currently Trading at 44.63 / 110.17 . . .
QQQQ is outpacing SPY again .. especially with the good HP numbers out.
The US-Dollar is Up Strong overnight to well over 80 now.

The Opening will depend heavily on the Big BMO Reports due out. . . . the Markets are a little Over-Bought now, so I wouldn’t be surprised by a small pull-back today . . . an Up day would bode well for the Bulls.

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

NOTE: . . Subscribers .. please check your PayPal email for your new account specs to the new Members’ area.

AMC Commentary

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Bob Prechter’s “Conquer The Crash”: Eight Chapters For Free

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-Flat and  US Markets/Futures are Down larger than usual.
QQQQ/SPY are currently Trading at 43.38 / 107.43
The US-Dollar is Up Big .. well above 80.5 now.

It’s looking like we’re heading for a Down Opening .. but we still have big news out at 0830.ET that could easily change that. . . . However, it is key to note that the Bullish enthusiasm from yesterday is not spilling over into today .. we’re seeing weakness early on in pre-market … and even in Gold (1081), where the 1080 level is key Support.

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

AMC Commentary 

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U.S. Stocks: Will The Bears Relinquish Control?

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 and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.11 / 107.11
The US-Dollar is Down slightly .. hovering at 80 now.

I’m looking for a small rise at the Open … with ST Resistance levels at 43.30, 43.40, then 43.5x . . . rising and Holding above that would be very ST Bullish. . . . Look for Reversal Signals at each of these Resistances on the way Up as Bulls showing their weakness .. but don’t necessarily jump on the Bear wagon unless you have a Strong Down Signal or you are Trading a VVST move.

There are Economic Events out today.. with the biggest one at 0830.ET

AMC Commentary 

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Hi all . . . thanks for putting up with the outage here over the extended weekend.
I finally have had power for hours now, so it should stay up for the night now.
We have another snow storm coming in now, but it is smaller.

Here’s what I see for Trading the rest of this week:

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The Ultimate Technical Analysis Handbook

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 Big and  US Markets/Futures are near Flat . . . Nasdaq slightly Up while the other big indices are slightly Down.
QQQQ/SPY are currently Trading at 42.74 / 106.22
The US-Dollar is Up over 80 now

I’m looking for a small Drop and then a Bounce Up today . . . totally dependent on the Employment Report BMO this morning.

There are several Economic Events out all day.. with THE Big one at 0830.ET

0845.ET
The Employment Report came out within the expected wide range . . but the Unemployment Rate came out below expectations (manipulated of course) . . .
SO … I think we will get our Bounce today that I’ve been predicting  .. but I will probably let it run Up and then start Opening Down positions … the jobs created was negative and the overall economy is still not looking too good.
QQQQ will probably go Down to the level I posted for subscribers last night at some point . . either before the Bounce, or after a run higher Open . . . either way, I will be Shorting rallies.

AMC Commentary 

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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.

0730.ET
World Markets are Up and  US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 43.60 / 110.27
The US-Dollar is Down to 79.0 now

I am expecting at least a small rise today before key-levels will be tested . . . . Refer to last night’s AMC Commentary and to my Weekend Analysis Commentary for more details of my Trading Plan this week.

There are  Economic Events out all day.. with a Big one at 0815.ET

AMC Commentary

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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 are Up Big and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.39 / 109.49
The US-Dollar is Down slightly … but well over 79 now

I’m expecting a Down day . . Up some in the early morning, then Dropping lower . . . . Refer to my Weekend Analysis Commentary for more details of my Trading Plan this week.

There are  Economic Events out this morning .. starting at 0745.ET with a Big one at 1000.ET

AMC Commentary

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

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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