ACTS Money Machine

11 Commonplace Market Views: True or Myth?
by Susan C. Walker

Do you believe that earnings drive stock prices and that it’s enough to simply beat the market? Better think again, once you read how Elliott Wave International debunks these market myths. 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 and  US Markets/Futures are mixed-Flat.
QQQQ/SPY are currently Trading at 44.63 / 110.17 . . .
QQQQ is outpacing SPY again .. especially with the good HP numbers out.
The US-Dollar is Up Strong overnight to well over 80 now.

The Opening will depend heavily on the Big BMO Reports due out. . . . the Markets are a little Over-Bought now, so I wouldn’t be surprised by a small pull-back today . . . an Up day would bode well for the Bulls.

There are lots of Big Economic Events out today.. starting at 0830.ET

NOTE: . . Subscribers .. please check your PayPal email for your new account specs to the new Members’ area.

AMC Commentary

Please Login to read the rest of this content.

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 Up Big and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.39 / 109.49
The US-Dollar is Down slightly … but well over 79 now

I’m expecting a Down day . . Up some in the early morning, then Dropping lower . . . . Refer to my Weekend Analysis Commentary for more details of my Trading Plan this week.

There are  Economic Events out this morning .. starting at 0745.ET with a Big one at 1000.ET

AMC Commentary

Please Login to read the rest of this content.

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 near unchanged while US Markets/Futures are Up nicely now.
QQQQ/SPY are currently Trading at 44.44 / 110.38
The US-Dollar is Down some … still above 78

Like I posted about last night, I’m looking for an Up-Bounce . . . but watch for a failed rally to Open Shorts . . . QQQQ=44.5x-44.6x and SPX=1115.xx are good areas to look for our Trading System Reversal Down Signal . . . BUT, if she looks Strong, just let her ride Up.

There are Big Economic Events out today .. starting at 1000.ET.

AMC Commentary

Please Login to read the rest of this content.

How a Kid With a Ruler Can Make a Million
A Lesson in Drawing and Using Trendlines
by Jeffrey Kennedy

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
Far East Markets (except Japan) are Down slightly and Europe is Up nicely.
Japan is Up slightly.
US Markets/Futures are Up right now.
Precious Metals are Up and the US-Dollar is Down right now.
QQQQ/SPY are currently Trading at 44.56 / 111.99
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.

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 think the news might be used to bring Down QQQQ/SPY some before ramping them Up. Today will be the best day for an Up-side breakout.
Be  sure to check back here tonight for my Commentary on today’s action.

AMC Commentary

Please Login to read the rest of this content.

Never Lose Secret!