ACTS Money Machine

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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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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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

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!

How A Bear Can Be Bullish And Still Be Right

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.
QQQQ/SPY are currently Trading at 46.63/ 115.02
The US-Dollar is Down 0.75% .. near 77.0 right now.

No Big Economic Event out this morning . . . watch out for a drift higher all day.

See chart-2 from January-6 Post for January-OE Pivot-Levels = Support/Resistance.

AMC Commentary

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Every Other Day Diet!

Spot a Pattern You Recognize: One Simple Tip for Becoming a Better Trader
By Gary Grimes

How much can a trader learn from a quick glance at a chart? You may be surprised by the answer proposed in this example from analysts at Elliott Wave International. 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 mixed +/- 0.3% . . US Futures are Down some.
QQQQ/SPY are currently Trading at 46.23 / 113.23
The US-Dollar is Up 0.25% .. over 78 right now.
See last night’s AMC Commentary for QQQQ Targets.

There are Big Economic Events out this morning starting at 0830.ET . . so be careful!

I am expecting some good employment numbers (like the Challenger ones already this morning) from ADP at 0830.ET and the Jobs Numbers on Friday. This should keep the Markets afloat and running higher . . but watch for the actual numbers before jumping in.

AMC Commentary . . later tonight . .

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Trading Short-Swings!

U.S. Dollar (Forex): Feelings vs. Reality

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 mixed and US Markets/Futures are Down slightly right now.
Japan is Down slightly.
QQQQ/SPY are currently Trading at 44.44 / 111.48
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 0745.ET … the news will drive prices today.

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

In general, I expect the Markets to stay in their recent holding pattern without any big breakouts .. unless we get Big surprises from the News out today . . . I am waiting for a breakout before loading up in my positions.
Be  sure to check back here tonight for my Commentary on today’s action.

AMC Commentary

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the Daily Market Advantage!

download Prechter’s FREE 40-page eBook on Gold and Silver

BMO Commentary

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

0640.ET
Far East Markets are Down slightly, European Markets are Up-Mixed some, and the US Markets/Futures are Up slightly right now.
QQQQ/SPY are currently Trading at 44.24 / 110.47
QQQQ Resistance is at  44.14, then 44.50, then 44.68, then 44.92
QQQQ Support is at 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.

Action today will be totally driven in the morning by the 0830.ET Economic Reports . . and then manipulated by Big Money thereafter (as usual).
Be  sure to check back here tonight for my Commentary on today’s action.

There are Big Economic Events out today starting at 0830.ET . . be sure to watch the action around these events.

Precious Metals are Up slightly and  the US-Dollar is Down slightly 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!

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!