By twpp on
8/26/2008 1:16 AM
WEEKLY TRADING PLAN POSTED ON AUGUST 24, 2008
SUNDAY: Good afternoon traders, how was your weekend? Good, I hope. This week could serve as the week where we finally see another leg down… Here’s why…
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By twpp on
8/5/2008 11:18 PM
Okay traders! Here's an update! You should have received your first SMS/EMAIL alerts today when we took the EUR/USD long position. If you did not, it is because I do not have your SMS, or email address. If you've signed up for the new service on WallStreetRockStar.com, please email your SMS, or email address to Mark@WallStreetRockStar.com.
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By twpp on
8/3/2008 7:42 PM
Forex Force is now live on WallStreetRockStar.com... The new service offers both intraday and swing trading, based on technicals, statistics and fundamentals... Moreover, subscribers will receive trade alerts via SMA and/or email alerts!
For more information please visit:
http://www.wallstreetrockstar.com/ForexForce/tabid/165/Default.aspx
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By MattMcCall on
5/8/2008 4:09 PM
THE FINAL NUMBERS
NEWS: The major indices were able to hold onto modest gains today after both testing negative territory and a mid-day rally. The Dow closed up 53 points or 0.4%. The S&P 500 gained 5 points or 0.4%. The NASDAQ had a solid day, adding 12 points or 0.5%.
THE BOTTOMLINE: The S&P 500 is sitting just below the important 1400 level and really close enough to consider it at the support/resistance area. As long as the index can hold in this area it proves nothing on the upside or downside. The next high volume move in either direction will be the first signal of the coming trend.
Looking at the PFG Breakout Scan at today’s close there were 141 stock/ETFs that made the cut and a few that caught my attention. A number of oil & gas stocks such a ...
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By MattMcCall on
5/7/2008 4:14 PM
THE FINAL NUMBERS
NEWS: A mildly weak open turned into one of the worst days in weeks for the US stock market. The Dow finished the day lower by 207 points or 1.6%. The S&P 500 took a bigger hit, dropping 25 points or 1.8%. The NASDAQ tumbled 44 points or 1.8%. Oil closed at a new record high, finishing up $1.69 at $123.53/barrel. Gold fell $6.50 to $871.20/ounce after the US Dollar rose.
THE BOTTOMLINE: The market was due for a pullback, but I am not happy with the magnitude of today’s drop that took the S&P 500 back below the 1400 breakout level. I expect a quick snap back above 1400 by the end of the week if the bulls want to remain in control of this market. A failure to get back above 1400 on the S&P 500 is very negative in the short-term and will result in technical selling, especially in the financials. The financial ...
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