The Market is at a CRITICAL Juncture... details inside!
Published: Fri, 03/12/10
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March 12, 2010 Download The Desktop Financial Portal <-- FREE!
IN THIS ISSUE... Where are we now in the market?
Dear Toolbox Readers,
This week I want to show you how the markets closed as it appears that we are at a critical juncture in the recovery.
On the daily chart of the S&P500 below you can see that we are right up against the recent highs and it may interest you to know that this morning we briefly traded above that line and later in the day failed to get above it, twice.
 This might not be good news but we'll take a wait and see approach and see if the markets start rolling over or push ahead to even higher levels.
Tomorrow morning we are going to do the Saturday training session and it promises to be a good one... The Saturday Training Class is for members of the Research Lab and the Swing Trading Club at 11am Eastern.. 8am Pacific.
Just log into the Research Lab or the Swing Trading Club to check it out.
Saturday training this week...
The 5 Top High Probability Money Making Trading Patterns
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- Here is what You Will Learn: 1.) 2 Surefire Swing Trading Patterns 2.) 3 Day Trading Patterns That Sizzle 3.) Proper Position Sizing - Stop Placement I encourage all of you to take a trial membership and check out the Saturday Classes.
Here we are about 1 year since the lows of 2009 and many people are saying things like... "The worst is behind us"... or "Back from the brink". Really... Do they really think that?
I am having a hard time buying into the fact that anything is "fixed" or that a complete financial meltdown is "off-the-table". There are a wide array of factors that could still make the whole scheme come un-glued and none of the original problems have been taken care of.
Banks that were too big to fail are now even bigger and just as leveraged. Now we get word that Chris Dodd is going to roll out financial reform regulations. Seriously... Chris Dodd, a man so hated that he has already withdrawn from running for re-election.
We're going to let Chris "I got two sweet mortgages from Countrywide" Dodd write a new set of rules for his banking buddies on his way out the door?
You heard it here first... this will not end well.
The important thing to remember is as traders... we can make money no matter what the market does and it is not too late for you to get in the game.
ALSO...
Last Wednesday night we did a special edition of the Mid Week Market Watch which is normally a members only show... this week it was open to the public and you can see the archive here...
To see all the Wednesday shows and get into the Saturday training get a membership to either the Swing Trading Club or the Research Lab.
Until Next Time...
Best Wishes and Good Investing, | |
