ACTS Money Machine

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!

5 Fatal Flaws of Trading
EWI Senior Analyst Jeffrey Kennedy discusses why most traders lose, the five flaws associated with losing, and how to overcome these five flaws to become successful. 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 (except Japan) are Up good and US Markets/Futures are Up slightly right now.
Japan is flat.
QQQQ/SPY are currently Trading at 44.41 / 111.79
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.

There are no big Economic Events out today … a very light news day.

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

In general, I expect the Markets to stay in their recent holding pattern without any big breakouts . . . 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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Forex Secrets!

5 Fatal Flaws of Trading
EWI Senior Analyst Jeffrey Kennedy discusses why most traders lose, the five flaws associated with losing, and how to overcome these five flaws to become successful. 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.

0740.ET
World Markets are Mixed-Flat and the US Markets/Futures are Down some right now.
QQQQ/SPY are currently Trading at 44.04 / 110.87
QQQQ Resistance is at  44.14, then 44.50, 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

Still waiting for a Breakout of the current Trading Range I Charted about over the weekend.
Be  sure to check back here tonight for my Commentary on today’s action.

There are some Economic Events out today starting at 1100.ET.

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

AMC Commentary

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Fully Mechanical Forex Trading System!

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 !!

See for Yourself: This S&P 500 Chart Tells the Two-Part Truth
Have you seen or read ANYTHING like this in the past two weeks?
By Robert Folsom

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 lower (under 1%) .. US Markets/Futures are Slightly lower to unchanged.
QQQQ/SPY are currently Trading at 41.65/ 105.37
QQQQ Resistance is at 41.50, then 41.70-41.90, then 42.20-42.30, then 42.50, then 42.70
QQQQ Support is at 41.00, then 40.7x – 40.6x, then40.4x- 40.3x, then 40.20, then 39.50, then 39.0x

There are some Big Economic Events out this morning starting at 0830.ET . . . the FOMC Report yesterday was quite dovish .. no inflation and easy money for a while into the future . . . however, they seemed to imply that the economy will not be good for a while too . . . so, some good and some bad out of the whole deal.

I expect QQQQ to start out rising some today during the Open … all dependent on the BMO News . . .  The very key price levels today are those first areas of Resistance and Support . . . I think we get Range-bound / Sideways Trading today .. hitting those Resistant/Support levels and turning . . . most are waiting for tomorrow’s Big Employment Report . . . I think both today and tomorrow might be good days to sit out and Relax.

AMC Commentary

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Forex Trading Robot!
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Get Your Free 50-Page Download: 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.

0715.ET
World Markets are Down Big (over 1%) .. US Markets/Futures are Down almost 1%.
QQQQ/SPY are currently Trading at 40.82/ 103.50
QQQQ Resistance is at 41.00, then 41.30, then 41.50, then 41.70-41.90, then 42.20-42.30, then 42.50, then 42.70
QQQQ Support is at 40.7x – 40.6x, then40.4x- 40.3x, then 40.20, then 39.50, then 39.0x

There is some Economic Events out this morning starting at 0745.ET . . not Big Market Movers, but be aware of them so you are not fooled by unexpected price action.

I expect QQQQ to start out falling then rising some today after the Open … all dependent on the BMO News . . .  The very key price level today is that first area of Support around 40.70 . . . breaking and Holding below that would continue the current Bearish mood.

AMC Commentary

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Forex Trend Scalper!

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
Far East Markets are Down Big .. European and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 41.51 / 104.80
QQQQ Resistance is at 41.90, then 42.20-42.30, then 42.50, then 42.70
QQQQ Support is at 40.7x – 40.6x, then 40.3x

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

My Trading Plan for today is shaping up just as I Posted last night in my AMC Commentary . . . the only thing that will change it are the Big Economic Events due out this morning at 0830.ET

AMC Commentary

The Market Bounced today as I predicted last night . . .

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