Swing And Day Trader Stock Market Analysis For The Week Ahead
Last Updated on Wednesday, 13 October 2010 09:07Written by William RileyWednesday, 13 October 2010 09:07
Last week the S&P successfully tested the 20 day moving average on Monday and broke out Tuesday with the rest of the week spent near Tuesday’s highs. With the US dollar continuing to dive and crude turning up (helping oil production and service companies) the market hasn’t been willing to give back much before the buyers jump in. The only negative has been in interest rates, which have fallen. This generally indicates money flowing out of the market, however in this case it may simply indicate money flowing out of the US Treasury to drive rates lower.
Additional confirmation of market optimism came from the VIX, which broke below the lows of the last several months, returning to levels not seen since early May. The Volitility Index (VIX) measures volatility of Index options and is also known as the Fear Index, where lower numbers mean lower fear (greater optimism). So the uptrend continues and we should look to buy pullbacks in strong stocks while confining shorts to intraday trades on relatively weak stocks.
Transportation was among the stronger sectors last week, having traded above weekly resistance the prior week, and closing higher this week. FedEx (FDX) shows a similar pattern, and broke out on Friday over recent daily highs while showing increased volume. The technical entry for a daily long would be above Friday’s high, with a stop under Thursday or Friday’s low, but an intraday pullback would provide a more favorable reward/risk. First target would be the daily pivot at $90, with a second target of $92.50-$93.50.
Another stock closing above its recent range on Friday was Humana (HUM). The HMO sector triggered as a daily buy setup on Friday after pulling back to the 20 day ma, while HUM probed lower a couple of times during the week before breaking above the daily range on increased volume on Friday. HUM could be traded long above Friday’s high ($51.01), and because the technical stop on the daily chart would be quite far away, a stop could be taken from the 60 min chart under $50.40 or under $49.80. Targets would be $51.40 and $53.
Coal stocks showed considerable strength last week. Massey Energy (MEE) broke above a key resistance level on Friday, while showing higher volume on both Wednesday and Friday’s green bars than on Thursday’s red bar. Although it is extended at the moment, watch for a pause or pullback on the daily chart, or a pullback to the 20ma on the 60min chart for a long entry for an eventual move to the 200 day ma at $37.50 or the daily pivot high at $39.
Affinity is an Online Day Trading and Proprietary Trading Firm providing trading education and trading services to both experienced and beginning traders. Affinity Trading provides Day Trading Stocks education for those seeking to become professional Day Traders.
Last Updated on Sunday, 10 October 2010 09:34Written by William RileySunday, 10 October 2010 09:34
A fx trading rip-off is any scheme used by particular people to trick individual traders by persuading them of substantial or guaranteed profits by trading in the foreign exchange market. The currency markets has for quite a while been plagued by con artists seeking to pounce on the un-educated so they can defraud them of their funds. Naive aspirant foreign currency investors are regularly swindled out of thousands of dollars by currency trading scams.
A common case of a currency exchange con takes place any time traders are assured gains of thousands of dollars in short periods of time such as weeks or months if the investors makes a big deposit/investment. The more substantial the deposit, the bigger the gains they assure. In many of these rip-off instances, the investor’s money is never really traded in the forex market however rather diverted to an unknown account for the personal profit of the scam artists. Other cases are the reporting of fake trades. It appears as if the rip-off artist is trading or you yourself are trading your own money however in actuality, zero orders are being sent to the market. So what may well appear as a loss, in reality is not and is going to the bank account of the fraudster.
Currency trading scams may be revealed for their typical traits. One of the evident indicators of such scams involves guarantees of large profits. Most forex scams try to entice unknowing victims by ensuring high returns for low risk investments in specific currencies. Masterminds of forex cons additionally employ extremely persuading or high pressure seminars and tactics to influence investors to immediately send cash by means of money transfers or through overnight shipping companies.
These kinds of scams may appear your way via ads in newspapers and magazines or also on national TV such as CNBC. Merely because you see someone publicize on a common medium does not insure their legitimacy. Such adverts guarantee high rewards for allegedly low risk investments in the foreign exchange market. Some scams may also make use of unsolicited phone calls in order to speak to potential investors and utilize their high pressure methods to encourage folks to take part and invest in their scam.
One approach to steer clear of turning into a victim of such fx trading scams is by being conscious of these signs. Yet another method is through due diligence. Prior to investing on any allegedly desirable offer that you think to be a scam, try to look into its background. Search the internet for any negative opinions or press. If there is any, run away. Never attempt to persuade yourself that all is okay for the sake of potential profit. A lot of people buy into the guarantees of success and tend to pay no attention to all the warning signs. Don’t let that happen. Before you give any amount of money to a forex business offering highly profitable guarantees, check out whether the firm involved is registered with the CFTC or the United States Commodity Futures Trading Commission or the NFA or the National Futures Association.
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Last Updated on Sunday, 10 October 2010 08:27Written by William RileySunday, 10 October 2010 08:27
The fee of doing business worldwide, diverse time zones and a array of foreign currencies once made it complicated for offshore con artists to con individuals within the usa however the World wide web and the capability to effortlessly move money around with online banking wire exchanges, paypal and western union online has popped the doors for those thief’s to effortlessly hoax men and women out of their assets.
Worldwide ripoffs could take on many different kinds but a greater part of them involve “Regulation S.” This is a rule that exempts US organizations from registering securities with the SEC which are offered entirely outside the US to international investors. Scammers manipulate this kind of offering by simply reselling Regulation S stock to US investors in abuse of the rule.
In 2009, Texas billionaire R. Allen Stanford was charged with perpetrating an $8 billion dollar investment sham. Mr. Stanford, as the Los Angeles Times reported “cast himself as offshore investment guru to the transatlantic jet set and benefactor to the Caribbean islands’ poor through multimillion-dollar promotions of their beloved sport of cricket.” He was caught by the Fbi 4 months afterward.
Amazing internet sites, magnificent pamphlets, as well as “educational” workshops are a few strategies utilized to convince victims to put funds in disreputable or non-existent businesses in foreign countries. The hook is typically in the form of high, tax-free returns with absolutely no risk. Victims don’t succeed to consider that if they take a complete loss of their investment, they do so without the safeguard of US regulation since law- enforcement organizations can’t investigate easily outside the united states.
Sophisticated cons utilize complicated vocabulary such as “bank debentures” or “standby letters of credit,” complicated-sounding concepts similar to “offshore fund leasing,” and unexplainable instruments such as “interbank trading” along with “seasoned notes.” Classes are quite often held in fascinating locations and cost thousands of dollars to attend; marketers tout “connections” and a warranty of “no taxes” on your investment.
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Ichimoku Forex Trading Analysis For The Week Of October 3
Last Updated on Thursday, 7 October 2010 10:01Written by William RileyThursday, 7 October 2010 10:01
In this brief 15 minute forex trading video, professional trader and esteemed author, Manesh Patel explains the forex market for the week ahead using current market conditions to demonstrate some of the basics of the Ichimoku Kinko Hyo support and resistance system. Drawing upon the same strategies that are explained in his forex trading lab, Manesh uses informative and recent educational chart examples to discuss how an Ichimoku trader would enter and exit their trades.
[youtube:Z2eEmUGxVJQ?fs=1;[link:Forex Trading With Ichimoku - Day Trading];http://www.youtube.com/watch?v=Z2eEmUGxVJQ?fs=1&feature=related]
Ichimoku Kinko Hyo is a technical trend based system that demonstrates very clearly support and resistance areas in an easy to view method and is considered an extension of the widely known candlestick charting system. In fact, this method was invented on the idea that at “one glance” you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Day Trading Forex with Ichimoku is a revolutionary approach to trading that will change the way you look at and trade the Forex Market as well as other markets (Stocks, Futures and Commodities). This special forex education video will demonstrate the 5 primary indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because it is a 100% complete program for trading. Here are the indicators:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
Using all five of these indicators, a trader can view what has happened, what is happening and what could possibly happen for the Vehicle that they are about to trade.
Your video presenter, Manesh Patel, is an instructor and trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has published what is already being considered as a bestselling book on Ichimoku, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. However, his love has always been in the markets. A passion, that in 1996 became his career and he now trades for a living full time. Manesh not only instructs the art of forex trading but also actively trades all asset classes except for bonds.
Affinity is most know for their day trading classes that range from two-day online courses to live hands on five-day trading labs. Attending one of their trading seminars may improve your trading performance and enhance your overall results.