Unemployment Rate Has Nothing To Do With S&P-500
Logic tells us that if unemployment had a direct bearing on the market, the $SPX would be closer to 600 than all time highs. I don’t like it, because it means that beyond the grandstanding, the government really has no incentive to let the free market create jobs. More...
US Taxpayers Paid $780 Million To Fund Greece Bailout
Here’s a zerohedge.com piece that was sent to me by Casey Research today.
The IMF is delighted to announce that it just approved a €3.2 billion disbursement of cash for Greece, its fifth, as part of the €12 billion in money that Greece needs in order to continue operating in
What A Week!
The firework show definitely started early on Wall Street this week. What made the $INDU gain over 650 points in a week? Why is gold pulling back? Will the dollar strengthen now? Will the $SPX hit a new high? Are the markets being manipulated on this low volume?
These are More...
Office is Closed
The office is closed for the weekend and we will be gone! This takes effect starting Friday afternoon, July 1st.
Have a great holiday weekend !!!!
Future Outlook for the Stock Market
The Near-Term is quite clear for the Stock Market . . . . and here’s how to make lots of money knowing this:
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Most of our Signals are pointing Down for the Near-Term More...
Is This How You’re Feeling?
Between Greece and Bernanke this week, I think traders are ready to pull their hair out. Good thing we don’t trade on our feelings! The Simply 5% Trading System has been short on the TNA Daily since May 13 around $84. It’s now trading around $74. More...
Same ole, same ole
Not much change. SPX closed about where is was on Monday. Simply 5% has no reason to go long on anything. AGQ is a possibility if support holds here and it turns up.
When I was looking through the charts, the song “Same As It Ever Was,” by Talking More...
the DOW Theory
Unfortunately, the Dow Theory sheds little light right now on whether a new bear market may have started in late April — even though the Dow Jones Industrial Average INDU has shed nearly a thousand points from its bull market high.
That’s because the market must satisfy three preconditions before More...
Looking Back
In revisiting the past spreadsheets, I would like you to focus on the Daily signals. It is clear that this down move was no surprise to people using the Simply 5% System. The transition was between May 7 and May 14. The Daily showed you the trend, which was down. More...
15 Min – BIDU
I mentioned this Short-Trade for Monday over the weekend . . .
this Signal was given by our Simply 5% Stock Trading System.
WoW! . . a nice 1-day double!
Hmmmm, do you think the tow truck will pull us back up?
I said last weekend that it felt like the market was walking on the ridge. The market has definitely slipped and the Simply 5% System minute charts showed exactly when and where to go short. I’ll show you on some charts where the signals were. More...
Walking the Ridge
This is how the market feels to me right now. One slip, and it can be a l-o-n-g way down. And yet this market finds it’s footing over and over again. It doesn’t matter why. Ours is not to reason why, our is to make money regardless.
We can see More...
Putting Elliott Wave to Good Use
How to Put the Wave Principle to Work
In the video below, EWI Senior Commodity Analyst Jeffrey Kennedy walks you through a basic checklist of how to put the Wave Principle to work. This clip was taken from The Wave Principle Applied webinar, originally recorded for Futures Junctures subscribers.
Big Drop Today
All of the Major Indices Dropped over 1% today . . . and we’ve been calling for a Down-turn and have been getting a rollover Down recently . . . but today’s Big Drop has triggered some Simply 5% Trading System Down Signals. These are the Major Indexes and More...
Predictive Powers?
Nah! No predictive powers using the Simply 5% Trading System. The Daily charts are short on everything, except AMZN. Perhaps the BIDU, GDX and ERX Daily charts will go long this week because every other time frame for them already have. But there is no way I would go More...
Support, Resistance, and Targets
Today’s action happened just as predicted in our FREE Before Market Opens Commentary posted each morning under that Tab.
Here is a Lesson on how to determine Support and Resistance and how to set Targets with them:
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Speaking of AMZN
The Simply 5% Trading System gave a “Sell Short” Signal on Amazon and you could have bought AMZN Put Options and Profited greatly:
Simply 5% System + Knowledge of Options = Powerful
More of the Same
As you can see, not much has changed from last week. The only stock that has some strength is AMZN, but of course that may change on Monday. I’m only showing you what my system is telling me right now……because that is all I know. You will hear me More...
Are You Trading on Your Bias?
This spreadsheet is a reflection of Simply 5% – one of the trading systems I use to trade. The colors represent whether I should be long, short or in cash depending on the time frame. It does not allow me to forecast, predict, or have an More...
Profits to Bear
Today was the day to Bank lots of Profits .. and then possibly Open more Downers. Watch for the Signals on the Chart below to see when to exit:
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1 – the recent More...
Bears still in control
Our continued Bearishness has been paying off lately .. and we see a little more Down to come. Look at these QQQ and SPY Charts to see why:
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1 – the CCIs More...
