New Video: RIMM’s Big Buyback Bet

By trader7757, 6 November, 2009, No Comment

“Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year.”

That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the “real world”. When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our “Trade Triangle” technology was 100% negative and that our monthly “Trade Triangle” indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.

In this short video I show you exactly what we expect to see for RIMM in the future. I also share with you some downside targets that we are looking at which may surprise you.

Click here for this informative investment video on RIMM

As always our videos are free to watch and there is no need to register. I hope you enjoy the video and comment about it on our blog.

The Stock Index Secret Trade: A Powerful Trading Technique for the Novice Trader.

By trader7757, 6 November, 2009, No Comment

I have been involved in the securities business for my entire adult life, having been a trader at both the retail and institutional level. Trading stocks, or forex pairs is a wonderful way to stack up money, if you have the experience and knowledge to trade successfully.

Unfortunately, that learning curve can be a steep one, and expensive. With that in mind, I looked over a program to trade equities that is specifically designed for beginners. As you may know, most stock indexes are composites of a basket of equities trading on either the NYSE or the NASDAQ exchanges. These indexes are traded in a variety of methods ranging from Options to Futures Contracts, and usually originate on the Chicago Mercantile Exchange or the CBOT. The nice thing about stock indexes is there is great transparency in trading these issues. The markets are well regulated, liquid, and orderly.

Many novice traders purchase trading robots or exotic trading systems that may cost as much as $10,000 a year, and might gave limited success. I do not recommend purchasing bots or high priced systems to start. I also recommend that all traders “paper trade” on demo account until they are proficient in a single market. I do not recommend trying to trade multiple markets in the learning stage of trading, as each market has a distinct personality and demeanor. Learn to trade one market proficiently, then you might choose to move on to others. Several trade set-ups repeat themselves on a regular basis in the market. This can be attributed, theoretically, to a number of factors.

1. Technical traders trade in tight parameters and use similar indicators. Thus, support and resistance may become self-fulfilling trading patterns.

2. Some behavior economists believe the human response to a given set of trading stimulus is a constant, thus the repetitive set ups for profit.

3. Wave theorists believe the market moves in distinct and predictable patterns based upon the actual chart formations. Whatever the reason, if a novice could learn just one of these consistently profitable trade set-ups, he could be quite adept at trading the markets.

stock and futures trading trade revealed

stock and futures trading trade revealed

German trader Karl Dittman has identified one of these patterns with great success and accuracy and has published his work and received a very receptive response, from experienced and inexperienced traders alike. His book, Stock Index Secret Trade would allow the greenest trader to be very profitable over a long period of time. The single trade he uses, is very easy to spot, often overlooked, and is consistent winner. Any novice would profit greatly using this simple but effective system

Hot New Video-Decoupling of Gold From the US Dollar

By trader7757, 4 November, 2009, No Comment

The trading in the  spot gold market has been threatening to decouple from the US Dollar and other indicators for quite some time, and has been followed very closely by Gold bugs and even traders like myself.   It actually cracked the 1100USD this morning and this video gives you great insight into the where gold might be head and how to trade the future gold market.  Enjoy, it’s free.

Click the link below to watch the Video

New Video-The Decoupling of Gold

Daily Pivot and Fed and Fed Agency Announcements

By trader7757, 4 November, 2009, No Comment
ESZ9
For 11/04/2009

How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1041.83 1042.42 1041.42 1040.83 1040.42
ISM Non-Mfg Index
[Report][Bullet
10:00 AM ET

New Video: More on the Scalping Style of Daytrading

By trader7757, 3 November, 2009, No Comment

Day trading the ES emini using the short time period and small gains is called scalping, and it is the style of trading I use. I don’t long for long term trends, and I don’t hold trades overnight…

From INO: Has the S&P broken final support

By trader7757, 3 November, 2009, No Comment

In the last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.

In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.

Click link to watch video

Watch this FREE and informative video-Has the S & P 500 broken final support?

Daily Pivot and Fed Economic Data for Monday

By trader7757, 1 November, 2009, No Comment
ESZ9
For 11/02/2009

How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1054.00 1075.00 1041.75 1020.75 1008.50

Federal Agency Announcements and Economic Data

ISM Mfg Index
[Report][Star]
10:00 AM ET

Daniel Tarullo Speaks
10:30 AM ET

ISM Mfg Index Consensus

Market Consensus Before Announcement
The Institute for Supply Management’s manufacturing index was little changed in September at 52.6 from August’s 52.9. Importantly, it was still over 50, indicating that more purchasers are reporting expansion rather than contraction. The new orders softened a bit in September, but remained very positive and strong at 60.8—down from 64.9 in August. Prices paid continue to show upward pressure, coming in at 63.5 and down only marginally from 65.0 the prior month.

Construction Spending Consensus

Market Consensus Before Announcement
Construction spending rebounded 0.8 percent in August after declining 1.1 percent in July. The boost in spending in August was led by a 4.7 percent jump in private residential outlays. In contrast, private nonresidential slipped 0.1 percent and public outlays dropped 1.1 percent in August. Looking ahead, based on the recent uptrend in housing starts (up in four of the last five months), the private residential component for outlays will likely post a gain for September. But high vacancy rates weigh on the nonresidential component as does state & local government revenue declines on public outlays.

ES Emini-Trend Analysis

By trader7757, 31 October, 2009, No Comment

I use an 89-period Simple Moving Average to get the overall trend of the market. If the daily price action is significantly above the SMA I concentrate on long trades, and conversely, if the price action is significantly below the SMA I concentrate on short trades.