Good Day,
Busy trading this morning,
Big news day today. Starting out the ADP Nonfarm employment change came out up 130K. Advance GDP Annualized came out down .06%.
But, Later this afternoon we have Mr Bernanke speaking. As usual he'll mystify the trading community with his idiotic statements. But it should create a good money making opportunity.
JP
Wednesday, January 30, 2008
Tuesday, January 29, 2008
Daily Fundamentals 1/29/2008
Good Morning,
This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.
The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.
JP
This morning we had durable goods numbers come out its at 5.2% it was expected to be at 1.9%. Core Durable goods came out up 2.6% percent. The national home price index came out down 7.7%. Later this morning consumer confidence comes out at 10am EST.
The big thing to watch this week is gold. Sitting at 925 and oz. If the fed lowers rates another big percent gold could hit 950 to 975 and oz.
JP
Monday, January 28, 2008
Demo trading (Emotion)
Lesson Time,
Today i want to talk about trading a demo account. There are many good sides of trading a demo account. However, one of the biggest factors in determining trading success is left out. That is emotion. A chart on a demo account VS the same chart on a live account will look different. When trading a demo account, you will look at the chart more objectively and see the buys and sell signals. You may see the same thing on a live account. but, if you don't have your emotions in line. You will start making radical trades resulting in losing a lot of money.
How can you fix this problem,
Trade on a demo account for no more than 90 days. Create a trading plan. Trade according to your plan. If you lose. You trade the next day according to your loss criteria. You set a curtain amount of pips each day you want to achieve.
I've read a lot of articles about how forex trading or day trading is impossible. Yes it is impossible if you don't have a plan, and execute that plan. If you fail to plan you plan to fail. Remember people. Its not about big quick gains. Its about small consistent gains.
Today i want to talk about trading a demo account. There are many good sides of trading a demo account. However, one of the biggest factors in determining trading success is left out. That is emotion. A chart on a demo account VS the same chart on a live account will look different. When trading a demo account, you will look at the chart more objectively and see the buys and sell signals. You may see the same thing on a live account. but, if you don't have your emotions in line. You will start making radical trades resulting in losing a lot of money.
How can you fix this problem,
Trade on a demo account for no more than 90 days. Create a trading plan. Trade according to your plan. If you lose. You trade the next day according to your loss criteria. You set a curtain amount of pips each day you want to achieve.
I've read a lot of articles about how forex trading or day trading is impossible. Yes it is impossible if you don't have a plan, and execute that plan. If you fail to plan you plan to fail. Remember people. Its not about big quick gains. Its about small consistent gains.
Daily Fundamentals 1/28/2008
Good Morning,
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Finally we have a good news week this week. Fed meeting this week will be a nice mover depending on what bernanke does. but, i believe he'll do something crazy. Today we only have new home sales coming out at 10am. The projection for that number is 645k.
Wednesday, January 23, 2008
Daily Fundamentals 1/23/2008
Good Morning
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!
JP
Tuesday, January 22, 2008
Daily Fundamentals 1/22/2008 Breaking News!
The Federal reserve chairmen cut rates by .75 percentage points, This sent the futures and forex markets into a frenzy. dollar/yen moved nearly 200 points, and gold shot up nearly 20 dollars. but, is suspected to return to its moving average.
All international markets were down yesterday, European markets were down 200, Asian markets down 750 and US markets down 59 points. Its going to be interesting to see what the markets do after the fed cut.
I'd be careful today, Extreme Volatility....
All international markets were down yesterday, European markets were down 200, Asian markets down 750 and US markets down 59 points. Its going to be interesting to see what the markets do after the fed cut.
I'd be careful today, Extreme Volatility....
Monday, January 21, 2008
Daily Fundamentals 1/21/2008
Good Morning
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.
Have a good monday,
JP
Thursday, January 17, 2008
Daily Fundamentals 1/17/2008
Good Morning
Both Housing starts and building permits were down this morning. Unemployment claims were up. Ben Bernanke is live at 9am this morning. That should really move the market. Today is a perfect day for the Fundamental traders, Good news across the board.
US retail says were better this year than last year. That could be caused by deeper discounts. Bank of America announced they are opening 20 new jobs in Dallas TX from the Countrywide Buyout. Merrill lynch announced a record loss from a 15 billion dollar write down for failed investments.
Good luck today.
Both Housing starts and building permits were down this morning. Unemployment claims were up. Ben Bernanke is live at 9am this morning. That should really move the market. Today is a perfect day for the Fundamental traders, Good news across the board.
US retail says were better this year than last year. That could be caused by deeper discounts. Bank of America announced they are opening 20 new jobs in Dallas TX from the Countrywide Buyout. Merrill lynch announced a record loss from a 15 billion dollar write down for failed investments.
Good luck today.
Wednesday, January 16, 2008
Daily Fundamentals 1/16/2008
Good Morning,
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
JP
Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.
JP
Tuesday, January 15, 2008
Daily Fundamentals 1/15/2008
Good Morning
Well, pretty much everything in the US market is down across the board. Core ppi, ppi, retail sales and empire state business conditions index. Being that its January i really wouldn't be concerned too much. if it was march or April I'd start to get concerned. Citi group announced today they recorded a record loss and will receive a 14.5 billion dollar infusion. The Dow continues to get slammed. But, i think we'll start to see a rebound once we hit the spring and summer months.
JP
Well, pretty much everything in the US market is down across the board. Core ppi, ppi, retail sales and empire state business conditions index. Being that its January i really wouldn't be concerned too much. if it was march or April I'd start to get concerned. Citi group announced today they recorded a record loss and will receive a 14.5 billion dollar infusion. The Dow continues to get slammed. But, i think we'll start to see a rebound once we hit the spring and summer months.
JP
Monday, January 14, 2008
Daily Fundamentals 1/14/2008
Good Morning,
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
JP
Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.
JP
Friday, January 11, 2008
Weekly News
Good Morning,
I decided on Friday I'm gonna do a weekly news statement......
Yesterday, (Thursday) Bank of America decided to buy out stocks on Countrywide to help with their mortgage woes. If that wouldn't have happened countrywide would have declared Bankruptcy by Monday. When are these big companies going to learn?
The Stock market rallied more than 100 points on Thursday after the countrywide announcement followed by bernanke's rambles.
President of Pakistan warned the US today that if US soldiers cross into Pakistan they'll be considered invaders. Perhaps we should remind him of the billions in aid we give him for his military. Pakistan is yet another screw job creation of the US and its crappy Foreign policy.
I decided on Friday I'm gonna do a weekly news statement......
Yesterday, (Thursday) Bank of America decided to buy out stocks on Countrywide to help with their mortgage woes. If that wouldn't have happened countrywide would have declared Bankruptcy by Monday. When are these big companies going to learn?
The Stock market rallied more than 100 points on Thursday after the countrywide announcement followed by bernanke's rambles.
President of Pakistan warned the US today that if US soldiers cross into Pakistan they'll be considered invaders. Perhaps we should remind him of the billions in aid we give him for his military. Pakistan is yet another screw job creation of the US and its crappy Foreign policy.
Thursday, January 10, 2008
Daily Fundamentals 1/10/2008
Good Morning,
This morning unemployment claims came out which was lower then expected at 322k previous was 337k. Wholesale inventories come out at 10:30am. The biggie is at 1pm today, Mr Ben Bernanke speaks.
Hope Everybody has a good day,
This morning unemployment claims came out which was lower then expected at 322k previous was 337k. Wholesale inventories come out at 10:30am. The biggie is at 1pm today, Mr Ben Bernanke speaks.
Hope Everybody has a good day,
Wednesday, January 9, 2008
Daily Fundamentals 1/9/2008
Good Morning
Well today is primarily a technical traders day. So i hope you have a good technical system. St louis Fed speaks at 9:30am this morning that could have an effect if he says anything regarding interest rates or market stimulation.
Have a great day! :)
Well today is primarily a technical traders day. So i hope you have a good technical system. St louis Fed speaks at 9:30am this morning that could have an effect if he says anything regarding interest rates or market stimulation.
Have a great day! :)
Tuesday, January 8, 2008
Daily Fundamentals
Good Morning,
Here are the fundamentals for today,
Philly Fed Comes out at 8:20am EST.
Pending Homes sales comes out at 10:00am EST, Projection is -0.7%
Boston Fed comes out at 10:50am EST,
Consumer Credit comes out at 3:00pm EST, Projection is 7.5B
I Hope everybody has a great day trading. I'll be back around 5pm for the rap up. Happy Trading!!
Here are the fundamentals for today,
Philly Fed Comes out at 8:20am EST.
Pending Homes sales comes out at 10:00am EST, Projection is -0.7%
Boston Fed comes out at 10:50am EST,
Consumer Credit comes out at 3:00pm EST, Projection is 7.5B
I Hope everybody has a great day trading. I'll be back around 5pm for the rap up. Happy Trading!!
Monday, January 7, 2008
USA Part II And the logan Act
Good Morning, I've decided to post daily market fundamentals from now on instead of weekly, Thats why your not seeing anything this morning.
Today i wanted to extend on my last post a bit.
Like the earlier post explaining two conspiracy theories. There are many many more out there talking about a group wanting to rule the world. And how bilderbergers created the EU etc etc. It seems like there are mixed emotions about the EU regarding its authority and long range plans. I've read on some sites claiming EU states have no independent criminal courts or Sovereignty. But, what they don't tell you is the EU isn't a federation. The EU has no authority to force states into the EU. Just recently Poland voted for the EU and Norway voted and the people declined membership. So that tells you that a true democracy still exists in the ideals of the EU. If it starts pulling back on trade agreements and choking non EU members, however, That is cause for concern.
The Simple fact is that a single world power and government isn't real plausible. Its been tried in the past and failed. Democracy or not. Countries and its peoples want one thing, Independence. Free trade is good. But not a single world entity.
People can claim that this bilderberg group wants to rule the world VIA its monetary system and energy supply. But, The beauty of a free market is, People don't have to buy that companies energy. People can open new companies. in a free market, the problem will fix itself. The same goes for the monetary system. If people don't want to use its money. They won't. They'll ask for a new money system and congress will make it. Citizens have the power to vote.
If these so called power elites really are planning on this whole rule the world philosophy. Boy do they have it coming. Talk about blinded by greed.
Now about the Logan act,
The Logan act basically prohibits government and non Government officials in negotiating with civilians to dictate policy both in the US and outside the US. So basically the CFR, Trilateral Commission and the Bilderberg meetings are clear violation of the Logan act. Each and every member of these groups could be charged with treason due to the fact that most of these policies go against the US constitution.
Personally I'm not worried about these problems, but, I am concerned. A true democracy will stop all this in its tracks. Like I've said before a single group cannot rule the world. its common socio economics. The economy is driven by the consumer. If the consumer don't want their product they'll look somewhere else. I'm not even gonna go toward military enforcement either. What person is gonna fight for a single group? Just to be spit on after they fought?
So don't be too worry about this problem. Be concerned, Vote for the right people who are for the USA and constitution. enact laws that prohibit lobbyist and strengthen the Logan act.
JP
Today i wanted to extend on my last post a bit.
Like the earlier post explaining two conspiracy theories. There are many many more out there talking about a group wanting to rule the world. And how bilderbergers created the EU etc etc. It seems like there are mixed emotions about the EU regarding its authority and long range plans. I've read on some sites claiming EU states have no independent criminal courts or Sovereignty. But, what they don't tell you is the EU isn't a federation. The EU has no authority to force states into the EU. Just recently Poland voted for the EU and Norway voted and the people declined membership. So that tells you that a true democracy still exists in the ideals of the EU. If it starts pulling back on trade agreements and choking non EU members, however, That is cause for concern.
The Simple fact is that a single world power and government isn't real plausible. Its been tried in the past and failed. Democracy or not. Countries and its peoples want one thing, Independence. Free trade is good. But not a single world entity.
People can claim that this bilderberg group wants to rule the world VIA its monetary system and energy supply. But, The beauty of a free market is, People don't have to buy that companies energy. People can open new companies. in a free market, the problem will fix itself. The same goes for the monetary system. If people don't want to use its money. They won't. They'll ask for a new money system and congress will make it. Citizens have the power to vote.
If these so called power elites really are planning on this whole rule the world philosophy. Boy do they have it coming. Talk about blinded by greed.
Now about the Logan act,
The Logan act basically prohibits government and non Government officials in negotiating with civilians to dictate policy both in the US and outside the US. So basically the CFR, Trilateral Commission and the Bilderberg meetings are clear violation of the Logan act. Each and every member of these groups could be charged with treason due to the fact that most of these policies go against the US constitution.
Personally I'm not worried about these problems, but, I am concerned. A true democracy will stop all this in its tracks. Like I've said before a single group cannot rule the world. its common socio economics. The economy is driven by the consumer. If the consumer don't want their product they'll look somewhere else. I'm not even gonna go toward military enforcement either. What person is gonna fight for a single group? Just to be spit on after they fought?
So don't be too worry about this problem. Be concerned, Vote for the right people who are for the USA and constitution. enact laws that prohibit lobbyist and strengthen the Logan act.
JP
Friday, January 4, 2008
Future of the USA
Hey Guys,
Happy late new year, i didn't post them last two weeks of December cause i was out of town on vacation.
I decided to extend my blog a little more this year and focus a bit on the elections coming up and the future of America.
The past couple of months I've been reading up alot on conspiracy theories of this New World Order craze and the Bilderberg Group. I am not one to get into these types of things. but, for some reason both of the above grabbed my attention. Here are my thoughts on both topics
As far as the New World Order goes, People are saying a single Government is going to take over the world and implant chips into people and run the world. But You gotta look at the socio economic side of this here. Who's gonna run this Gov? how are goods and services gonna be bought and sold with a single power getting all the money? and why do they think countries will lay down and allow this to happen? The simple answer is they won't. You gotta look at history and see the results of imperialists views and dictatorships. It don't last.
The bilderberg Group is basically the same concept. but, they want to rule the world VIA the world Monetary system. They also have the idea of a one world Government. Now i have been in finance for some time now. and Anybody with a head on their shoulders will tell you that the value of money is set on how much of it is used. If nobody wants to use this one world gov money its worthless. So this type of monetary system would collapse. So Mr Rockefeller Your money would be Worthless. This type of world domination won't work. Nobody is gonna fight to give a single power money. This isn't some kinda movie its real life. The USA or any other nation in the World isn't going to give up their sovereignty for the power and greed of a single entity. Why do you think Democracy was created?
If this kinda thing happens a world war would be created. Not because of terrorism but because of a single entity/dictatorship that wants power and money. It simply doesn't work.
Don't EVER underestimate the power of the people and their rights of freedom.
JP
Happy late new year, i didn't post them last two weeks of December cause i was out of town on vacation.
I decided to extend my blog a little more this year and focus a bit on the elections coming up and the future of America.
The past couple of months I've been reading up alot on conspiracy theories of this New World Order craze and the Bilderberg Group. I am not one to get into these types of things. but, for some reason both of the above grabbed my attention. Here are my thoughts on both topics
As far as the New World Order goes, People are saying a single Government is going to take over the world and implant chips into people and run the world. But You gotta look at the socio economic side of this here. Who's gonna run this Gov? how are goods and services gonna be bought and sold with a single power getting all the money? and why do they think countries will lay down and allow this to happen? The simple answer is they won't. You gotta look at history and see the results of imperialists views and dictatorships. It don't last.
The bilderberg Group is basically the same concept. but, they want to rule the world VIA the world Monetary system. They also have the idea of a one world Government. Now i have been in finance for some time now. and Anybody with a head on their shoulders will tell you that the value of money is set on how much of it is used. If nobody wants to use this one world gov money its worthless. So this type of monetary system would collapse. So Mr Rockefeller Your money would be Worthless. This type of world domination won't work. Nobody is gonna fight to give a single power money. This isn't some kinda movie its real life. The USA or any other nation in the World isn't going to give up their sovereignty for the power and greed of a single entity. Why do you think Democracy was created?
If this kinda thing happens a world war would be created. Not because of terrorism but because of a single entity/dictatorship that wants power and money. It simply doesn't work.
Don't EVER underestimate the power of the people and their rights of freedom.
JP
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