Updates and More... Important Events!
Published: Fri, 02/25/11
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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
February 25, 2011 Dear Toolbox Readers,
It has been an interesting week. We finally got the sell off that we have been looking for but I must admit I would prefer we get an orderly sell off in a more stable environment.
I guess any pull back can make the swing trading charts look a little better but with political chaos across the US and the middle east in flames it is tough to say that what we got was a "healthy correction".
Be that as it may... we had a great interview Wednesday night with Reggie Middleton from Boom Bust Blog about the "mark to fantasy accounting" going on now on Wall Street and he pretty much put things into perspective.
I don't know about you folks but I have never seen a more manipulated market condition in all the years that I have been watching the financial markets.
The CPI is cooked... the unemployment numbers are a joke, the GDP is fictitious and the consumer sentiment numbers are a flat out lie.
They (the media) like to live in some sort of fantasy that what we are in is a recovery from the great recession and if all you read is the headlines you might be inclined to agree. But by digging into the components of the numbers what you will find is a "recipe" for a recovery and not a sign anywhere that we are seeing an actual recovery.
What used to be the housing market is nothing more than a process ruined by fraud and legal chicanery and people's lives are being destroyed by all the BS that now passes for a banking or legal system on which we base our economy.
Tomorrow morning at 11 am eastern Jeffrey will be doing the Saturday training on a recent campaign trade in SDS that turned out great and he will reveal the next campaign trade setting up right now. This is the kind of thing they do in the Swing Trading Club and a trial is just $14!
Also coming up Sunday night on The Market Toolbox LIVE we are going to interview Adam Kelsey from Traders Accounting and we'll be taking your questions on a variety of topics.
You may recall a few months back that I said that things were going to get very interesting once the states started trying to get their budgets together. Now here we are with protests in the streets in several states and the unions are calling for all 50 states to protest tomorrow.
We can only hope that violence does not break out as we don't really need to see "Cairo" breaking out in the streets here.
The federal government is headed for a "shut down" as there seems to be no room for negotiations between the "tea party" and the establishment. I have to wonder how long it will take for anyone in power to figure out that the system is broken and start talking real reform.
Also...
Coming up next Saturday will be the first of the new Saturday training sessions on trading the E-mini and speaking of futures trading... now Jeffrey and his crew are going to start trading oil futures one day a week as well in the Power Emini Room and people are quite excited about the possibilities.
Leverage in the futures cuts both ways to be sure... but opportunity is knocking.
Finally...
Bill and I will be LIVE again Monday morning in the Research Lab and we will all watch the market open together and we'll see what kind of trade set-ups we get for swing trading and day trading next week.
Don't Forget...
We will be LIVE Sunday night at 8pm eastern time at www.MarketToolbox.TV Don't miss it!
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry The Investing Systems Network
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