LIVE Tonight at 8pm Eastern! The Week Ahead
Published: Sun, 11/27/11
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11/27/11 ~ IN THIS EPISODE...
Hi Toolbox Fans,
I hope that everyone is enjoyed the holiday weekend.
The market tried to mount a small rally on "black Friday" which quickly fell apart and in the holiday shortened trading session the market closed slight lower. While this may seem like just more bad news, the good news is that many charts are setting up for a pretty substantial "snap back" rally.
I don't know for sure if the rally will come but we are pretty oversold and compared to just one month ago when 92% of stocks were trading above their own 20 day moving average now we have just 9% of stocks holding above the 20 day.
This is a sign of opportunity knocking and when it does get a bounce... it could be fierce!
Of course there is the possibility that we move lower still and with the end of the month coming it seems the long-term market timing model has once again been on the right side of the market.
We were talking yesterday in the members area on the live broadcast about holiday shopping and as many of you may know today is Small Business Saturday. The important thing this year is to BUY AMERICAN!
Small business Saturday is a day when people should drive right past those "big box" retailers and spend their money in locally owned, small mom and pop businesses. I think it is pretty clear that we cannot count on congress or the "Fed" to do anything that might lead to an economic recovery and quite frankly "We the People" have more power than they do anyway.
They say that we have a $15 trillion dollar economy and that 70% of it is consumer spending. That means that roughly $10 trillion is consumer spending... Here is the point...
If we... as Americans spend just 10% of our money in American owned businesses we can keep $1 trillion right here at home, not shipped immediately off to China and other countries that now make most of the goods the retail chains sell.
There is a company called "Shopping for America" that has a GREAT business model. Their idea is to build an online shopping portal of products that are made in the USA from American sourced ingredients and components.
They are also building an army of people to buy and promote those products through a model that allows people to promote the products and get commissions on the sales generated through the network.
I think it is a pretty cool idea because I have seen lots of places online that have big sites full of American made products... but they failed to build a model where people like us can actively promote the products and as a result... They are not getting much action.
If you would like to check out Shopping for American just pop over here and check it out. Since they are just getting started they only have a few vendors on board so far but like I said I think it is a great idea.
Right now they have a small business that makes great T shirts, a nutritional supplement line, a family owned business that makes jams, jellies and salsas and even a guy that sells copper and silver coins.
Like I said they are just getting started but I really like the idea and I already bought some of the T-shirts and stuff. I hope you will do the same.
We'll see you tonight at 8pm Eastern!
Until Next Time... Best Wishes and Good Investing, The Investing Systems Network
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