How to "campaign" your swing trades for Bigger Profits!

Published: Thu, 06/24/10

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Welcome To: The Market Toolbox Intelligence Report


June 24, 2010 ~
IN THIS ISSUE
 
  • Market Update
  • Coming Up This Week

Dear Toolbox Readers,
 
Last week in the Market Toolbox Newsletter I wrote...
 
"The downward sloping 30 week is still in play and will likely turn us back a bit next week. The 1130 level should be the upside limit. If the 200 day moving average does not act as support, I would look for a little pullback to the 20day moving average near 1090 and if that does not hold we may retest the recent lows."
 
We we did get the little rally up to 1131 and then the pullback through the 200 day moving average and then to the 20 day.
 
The 20 day didn't hold and Thursday we moved down again and closed at 1073. Now when I look at the charts I see small support at about 1070 and if we get down through that line I would indeed expect a test of the recent lows around 1040.
 
There seem to be plenty of reasons for caution and not very many reasons to be bullish... Even Ben Bernanke is cooling off on talking up the "recovery".
 
As a side note in the Research Lab today... while the market fell apart, the stock picks filled up with inverse ETFs and some pretty strong gains were made. This has been the trend recently on the big down days.
 
LIVE EVENT this Saturday morning:
 
As the markets set up after the recent pullback... This Saturday morning Jeffrey will be showing you how even a novice can trade this market like a hedge fund pro!
 
Here is what you'll discover...
 
  • How to "campaign" your swing trades for Bigger Profits!
  • Knowing exactly when to start your swing trading positions
  • Building bigger positions and fully exploiting market swings
  • Nimbly add to your positions as the trade moves in your favor
  • How to scale out gracefully as your trade nears completion
Do NOT MISS the Swing Trading Club Saturday training This Week.
 
Take the 14 Day $14 Trial Today!
 
Until Next Time...
 
Best Wishes and Good Investing,
Doug Newberry & Bill McKinley
The Investing Systems Network
 
                    
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