ACTS Money Machine

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 0.50% – 2.20% and  US Markets/Futures are Down some as well.
QQQQ/SPY are currently Trading at 43.81 / 109.60
The US-Dollar is Up to 79.80 now

The Markets are Down nicely now as I predicted yesterday on our Public Message Board (when I bought QQQQ PUT options). If not already registered there (FREE), go ahead and do so .. then look for posts by “blasher”.

Look for retests of yesterday’s highs . . . subscribers, use the key-levels I posted in this past Weekend Analysis Commentary. . . . the failures or successes of these retests will give us signs of future direction.

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

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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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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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!

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.

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

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Penny Stock Profits!

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

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
Pacific Markets are Up and European Markets are Up Big.
US Markets/Futures are Up big right now.
Precious Metals and Energies are Up big and the US-Dollar is Down right now.
QQQQ / SPY are now Trading at: 46.20 / 112.17

There are Big Economic Events out today starting at 1000.ET … the ISM Mfg. Index will drive prices this morning!

Happy New Year!
It will take me a few days to get back up to speed on Support/Resistance levels and QQQQ/SPY Analysis after the long Holiday.

Be  sure to check back here tonight for my Commentary on today’s action.

AMC Commentary

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Pro Trading System!

Individual Investors Have Jumped Into Another Fire

A Strong Up day today . . . let’s look at the bigger picture of where these two are at now:

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Technical Analysis Lessons!

If You Think the Past Decade Was Bad For Stocks, Wait Till You See This

BMO Commentary

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

0705.ET
World Markets are slightly mixed and the US is Down.
US Markets/Futures are Up right now.
Precious Metals are Down big and the US-Dollar is Up big right now.
QQQQ/SPY are currently Trading at 44.11 / 110.92
QQQQ Resistance is at  44.50, then 44.68, then 44.92
QQQQ Support is at  44.14, then 43.80, then 43.40, then 43.17, then 42.8x, then 42.3x
SPX key Pivot Level = 1093 . . . see recent AMC Commentaries for more details.

There are Big Economic Events out today starting at 0830.ET … the news will drive prices today .. Big time!

I expect the Markets to stay in their recent Rectangle Range I’ve been Charting for you . . . without any big breakouts .. unless we get Big surprises from the News out today. . . when entering Trades, wait for pullbacks (Down or Up) in order to get onto a missed Trend .. don’t just jump on a sailing boat or a moving train .. let it come back to you some and pause .. looking for that Reversal Signal we teach about.
Be  sure to check back here tonight for my Commentary on today’s action.

AMC Commentary

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Short-Term Swing Trading!