ACTS Money Machine

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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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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