ACTS Money Machine

Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

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 Up big … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.24/ 110.71
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.

There are some Big Economic Events out this morning starting at 0745.ET .. be watching for them!

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Yesterday we got the break-out of the Trading Range we’ve been looking for .. it was to the Up-side . . . look for at least a slight consolidation now .. probably retesting the break-out level around 44.1x . . . THEN watch what happens to see what the future might hold.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary 

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Short-Term Swing Trading !

How A Bear Can Be Bullish And Still Be Right
By Nico Isaac

In recent months, Elliott Wave International President Bob Prechter has become something of a household name. In the final two days of August 2009 alone, Bob was mentioned by several news outlets from MarketWatch to the New York Times. The claim to his “fame”– Read More.

If Stocks Tank, Shouldn’t Gold Soar?
By Jeff Reckseit

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 Up big … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.23 / 110.43
QQQQ Resistance is at 44.14, then 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 Friday night and look at the Annotated Charts I posted then for guidance.

There are some big Economic Events out this morning starting at 0830.ET .. be watching for them.

Metals and Energy Commodities are Up while the US-Dollar is Down right now.

Watch for a break-out of the Trading Range we’ve been in for the past 3-days … early morning Trading now puts us at the top of that Range and even a little above . . . watch the Opening for Turn Signals . . . and be aware of the Economic News that came out before then.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary

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Forex Trading Robot !!

Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?

BMO Commentary

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

0720.ET
World Markets are Down Big and US Markets/Futures are Down slightly.
QQQQ/SPY are currently Trading at 42.25 / 105.95
QQQQ Resistance is at 42.4x, then 42.70 – 42.90, then 43.15-43.30, then 43.70 – 43.80
QQQQ Support is at 42.20, then 41.85, then 41.7x, then 41.6x

There are Big Economic Events out this morning starting at 0700.ET and then 0830.ET . . pay attention to them and be careful!

I’ll be looking to Bank Profits on my Short Microsoft (MSFT) as well today .. like I did very Profitably last week. . . as always, I’ve used PUT options to accomplish my Down position (Shorting).

I see a weak Opening this morning, but always watch out, using our Model/System, for a Bounce . . . I am Bearish over the near-term, but the masses are still Bullish and can rally the markets quickly on dips if they see fit . . . and the Smart Money is all too happy to sell to them at slightly higher levels.

Don’t forget to check out my Long-Term Charts and Vote for me at the bottom of the page.

AMC Commentary

Now that was a nice day! . . . I’ve been calling for a Top during this entire recent consolidation .. look back at most of my Annotated Charts for the past two weeks. . . Anyway, now that we had a Big Down day, what’s next . . .

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Online Trading for Financial Freedom!

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How A Bear Can Be Bullish And Still Be Right

Here are some Longer-Term looks at Annotated Charts about where the Markets (and QQQQ) might be going in the near future:

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Stocks and Options Trading !!

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5 Fatal Flaws of Trading

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/US Markets are Up
QQQQ/SPY are currently Trading at 42.82 / 107.35
QQQQ Resistance is at 42.62, then 43.0x, then 43.30
QQQQ Support is at 42.4x, then 42.10, then 41.70, then 41.50 – 41.3x, then 40.80, then 40.20

There are some Economic Events out this morning starting at 0700.ET . . . the MBA Purchase Applications has already come out very positive.

Read my Commentary on the important Earnings Releases this week that will help determine overall Sector direction and Economic ramifications.

ConAgra Reported last night:

• Barrons
• SeekingAlpha

Use Monday’s Chart-2 as a guide for break-outs . . . this morning I will be AGAIN looking for an initial run up to the top of that range and even a little higher (42.7x – 42.8x) … and will be looking for a Reversal Down Signal to Open a Down position . . . if there is no Reversal Down position, then I will just watch and see how QQQQ reacts to any break-out higher.

AMC Commentary

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Robert Prechter’s Five Tips for How To Trade Successfully

These are my Notes on the current state of QQQQ and a Plan for Trading on Monday . . .

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Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

BMO Commentary

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

0745.ET
Far East Markets are Up Big .. Europe and US Markets are Flat.
QQQQ/SPY are currently Trading at 41.08/103.76
QQQQ put in a Strong showing yesterday rising right Up to one of our Key Resistance levels at 41.30 before Closing back Down at another Key level in 41.0x.
So now QQQQ Resistance is at 41.30 – 41.50, then 42.30
QQQQ Support is at 40.80, then 40.60, then 40.40, then 40.20, then 39.7x, then 39.40

There are Big Economic Events out this morning starting at 0830.ET . . so be careful!
Trading today will be totally driven (and manipulated) by the Economic Reports out BMO this morning.

AMC Commentary

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