Updates and more ... Market Recap YTD
Published: Sat, 01/15/11
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The Market Toolbox : You are receiving this e-mail as a part of your free subscription. If you would like to change your e-mail settings please follow the instructions at the bottom of this e-mail. Welcome To: The Market Toolbox Intelligence Report
January 15, 2011 Dear Toolbox Readers,
This is a 3 day weekend for traders and investors as the market is closed on Monday for Martin Luther King Day. As many of you know that means the Sunday night show will be pushed back until Monday night at 8pm Eastern as we look at the week ahead.
I have to tell you that I am growing concerned that the market has gone too far now and we could be looking for the market to pullback a bit or just plain roll-over for a bit.
Many indicators are flashing danger ahead as we look across the board and we'll detail them for you in full on Monday night.
The Trade Plans in the members only Research Lab have been on a roll and traders are banking some serious gains as the trades continue to push higher and hit all 3 targets.
Right now we have one open trade plan and 5 trades have been closed so far in 2011. Of the closed plans 3 have hit all three targets and 1 hit 2 targets and stopped out at break-even. One trade hit the entry and rolled back for a stop out.
In December we had a perfect 5 out of 5 hit all three targets.
Bill asked me if I would put out a link to a half price sale on the Research Lab in case anyone wants to get in and save a bundle so HERE IS THE LINK.
The Research Lab offers a wide variety of tools for swing traders, day traders and of course our market timing model for long-term investors. If you need to learn more click here.
The Research Lab is normally just $199 a month and the link to the half price offer will be just $99 a month so you can save $1,200 this year by acting now.
Moving on...
Jeffrey and his crew in the Power E-mini Trading room had a couple great days this year and have banked gains with as many as 12.5 points in a single day. They had a day over 9 points, a day over 8 points and a few days of smaller yet respectable gains. The average gains for the trades in 2011 are 4.5 points per day.
To get on the mailing list and get invited to the free show they do on Thursday mornings click here. The show starts about 9:30 am and they will take your questions LIVE as it happens and you can see what trading the e-mini is all about.
Looking at the market...
The NASDAQ is leading the way and we have seen NVDA gain a staggering 53% so far this year. MU is up 21% and MRVL is up almost 18% so far. On the DOW 30 we see BAC up over 14% this year and we await Julian Assange to release his data dump on a "big American bank".
DLTR is down over 10% so far this year as we see sector rotation under way. Gold and Silver have both put on quite a sell-off so far and we shall see how long this can continue.
The Federal Reserve is still buying up debt like there is no tomorrow and to hear some people tell it... THERE IS NO TOMORROW!
I am not so sure as even with blatant market manipulation going on... it seems the "powers that be" can keep the wheels on the bus for at least a while longer.
The EU debt crisis comes and goes from time to time and leads people running to the safety of the US dollar. As I watch the politicos ponder the debt ceiling and spending cuts you have to wonder where the safety comes in but we'll leave that for another day.
Bill has been setting up a bunch of good set-ups this year on his blog and members can access it directly from the Research Lab homepage.
We are keeping a careful eye on things and we expect some serious resistance as the markets push up just a little more. We are also keeping an eye on when to jump into some inverse ETFs when the time is right.
We'll keep you posted in the members broadcasts on Monday, Wednesday & Friday mornings as we go forward.
Remember, the Sunday night show is going to Monday this week at 8pm Eastern time. and the half price offer will NOT last forever. Get in now and save a bundle.
See you all Monday Night at 8pm Eastern.
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry The Investing Systems Network
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