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SPX’s Running Correction, Gold’s Setup, Oil Explodes!

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.

Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.

The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.

Extreme Trend Trading Analysis

Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).

Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead.

SPX Running Correction

Since early September the equities market has been on fire. In late September the market was extremely toppy looking and trading at key resistance levels from prior highs convincing a lot of traders to take a short position. But instead of a correction the market surged and has since continued to grind its way up week after week.

This rising choppy price action can be seen two ways: 1. As a rising wedge with a blow off top (Bearish) 2. Or as a Running Consolidation (Bullish)

The running consolidation happens when buyers are abundant picking up more shares on every little dip. Overall looking at the intraday price action you will see market shakeouts as it tries to buck traders out before it continues higher. This choppy looking market action if not read correctly looks extremely bearish to the novice trader and the fact the market is so overbought it easily convinces them to take short positions. This choppy action is just enough to wash the market of weak positions before starting another run up.

All that said, both a blow off rising wedge and a running correction are very bullish patterns for a period of time. Again I cannot state it enough, trade with the trend and the key moving averages.

Gold Shines On The Daily Chart

The gold story is straight forward really… Trend is up, quantitative easing is back in action and that is helping to list gold and silver prices. Key moving averages have turned back up and gold closed at a new high which shows strength.

Golden Rocket

With another round of quantitative easing just starting and gold making another new high last week there is a very good chance gold stocks will rocket higher in the coming 8 months. I have been following Millrock Resources Inc. because of the team involved with this company. A breakout to the upside here could post some exciting gains if you take a look at the chart and see where the majority of volume has traded over the years along with the bullish chart patterns (Cup & Handle/Rising Wedge) with strong confirming volume. From 84 cents to the $3.50 area there should not be many sellers other than traders slowing taking profits on the way up.

Crude Oil Breaks Out Of Cup

Crude oil has been dormant the past few weeks even though the US Dollar has plummeted. But last week’s news on more QE was enough to send oil higher. The surge took oil prices straight to the 2010 highs as expected and blew past my first target of $86.00 per barrel. I figure it will consolidate here for a while until we see if the dollar bottomed last week or is just testing the breakdown level.

Weekend Trading Conclusion:

In short, the market has played out exactly as we planned and all four of our positions are deep in the money. As we all know the market goes in waves in both price and for trade setups. The past couple weeks were great for getting into trades and now the market is running in our direction. It will take a few days for the market to stabilize (pullback or pause) before we could get anther round of trade setups. Keep position sizes small as the market remains overbought and a sharp correction could happen at any time. Until then, keep trading with the trend.

Get the latest information about peak oil and the best oil futures for your investments!

Jack Swanson 19 June 2011 General , , , , , , , , , , , No Comments

Considering a Timeshare

A time share is a name presented to a piece of property shared among amount of owners. This involves use and cost of maintaining the property. Although virtually all of the timeshare properties are condominiums resorts but it will not be a surprise if you discover a hotel timeshare or an RV timeshare or a cruise timeshare or a camping site. The options are increasing by the day. The idea of a timeshare property originated in Europe in 1960s when the property rates were skyrocketing and it was out of the question for individuals to afford a full time vacation house. But by sharing the ownership the burden of maintenance and various costs on single person were greatly reduced. These also boosted the fortune of land developers as they were able to successfully market and sell the properties to a greater amount of people. But a key factor not to overlook in timeshare properties is that a timeshare is belonged to a number of individuals who have no relation to each other like a standard home ownership.

A technical definition of timeshare property is that an owner has specific time to share you have in a property. But as more and more properties are being converted into timeshare, flexible timeshare options can’t be eliminated. The flexible timeshare offers owners the alternative of selecting more than one timeshare destination and likewise more than one specific time of a year.

Timeshare properties are ordinarily located in warm destinations like Florida where individuals like to go on holiday a lot. They can likewise be found in cold conditions areas near ski resorts. The timeshare properties are normally furnished to the full and normally have one to three bedrooms, multiple bathrooms, a kitchen and a living room. It may not come as a surprise if you find timeshare properties with indoor or outdoor pools. They have grown a common characteristic of most timeshare properties these days.

The normal duration of a timeshare ownership unit is one week. Dependent on what time of the year you have the timeshare the price may vary. As an example, a timeshare property in the month of April in Florida will be much over in August. So the rates may vary with varying season and demand. Some resorts give color coding to several seasons dependent on the call for. For instance some resorts term high need season as red season meaning the prices of the timeshare will be highest in that season.

Timeshares can normally be inherited to your children as with other realty property. Timeshare offers not just a great vacation but also great investment. Most people rent their timeshare to others when they avoid the use of their timeshare. This has a double advantage. You earn rent also along with admiration of the property with passage of time. Timeshare properties are exchangeable and tradable with other properties in the majority of the instances. While it could be easy for the owners of the red season timeshares to swap their unit with other owners in any season it could be unthinkable for owners of low season timeshare owners to get a high season timeshare unit in exchange.

Timeshares can be obtained through financing also but mostly the resale properties purchased from individuals are paid in cash. The cost of maintenance, management and cost to maintain common areas like pools and tennis courts are paid by timeshare owners. Fees may vary and constantly ensure to locate it out before buying a timeshare.

There are many sorts of timeshare properties. A limited unit, fixed week, deeded timeshare permits you to own a certain timeshare at a particular time every year. A floating time agreement permits you to be flexible about the dates that you can use your timeshare. But reservations could be only first come first serve as lost of owners want to go for that alternative. Get entry to timeshare is a leased timeshare. You don’t have rights to the property after the lease expires.

Shizue Wonderling is an specialist on timeshares. Find out the secrets of timeshare foreclosure here.

Jeremy Derren 20 December 2010 General , , , , , , , No Comments

The Stock/Forex Market And Personal Finance

Stock market trading and personal finance is something that compliments each other very well. Many people do not trade the stock market themselves but most likely the money that’s in their retirement fund is being traded in the stock market.

The stock market has been around for quite a while now and has defined many people over the years. Many fortunes have been lost and gained in the stock market, and many people stress every day over the market movement.

I actually used to think I wanted to be a stock broker. I used to watch Jim Cramer all the time on tv and would pretend that I was trading stocks myself with fake money. There’s something fascinating about gambling your money into companies and hoping that their company does well over the next few months.

There’s a misconception that trading stocks is just as bad as gambling, but this is simply not true. I will say that it is just as bad as gambling to most people, but this is because most people are not educated in stocks enough to make educated trades. These are the people that lose their money.

Recently the forex market has become a lot more popular. Many stock market traders are giving up their stock trading to become forex traders. This is because there are a lot more postitive aspects to the forex market then there are to the stock market. One of them is that the forex market is open 24 hours a day for over 5 days a week. Another is that the commissions for trades are much lower.

It’s not easy for someone with a day job to trade the stock market due to it’s hours, so the 24 houra day accessibility of the forex market makes it much easier to trade for those with day jobs. Forex traders realize that it’s much easier to trade forex than stocks.

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Tyler Jordan 6 August 2010 General , , , , No Comments

How To Buy Your Own House

Buying real estate is a crucial task because you need to avoid committing mistakes and to prevent wasting your time and money. Hence, it is very important to do the right steps in the search of the best home you can buy. This article will teach you how to find the best property to buy.

Finding a trust worthy and excellent real estate agent is key to getting that dream house. Be sure that you trust the real estate agent and his company has a good track record when dealing with home buyers. Besides, they are experts in giving tips and information regarding the search of good properties which you really need to kno.

There are also real estate agents who are unprofessional and dishonest so be wary about them. Hence, you still need to find the agent whom you can trust and rely on. You may ask recommendations from your relatives and friends, and they may have some good agents to suggest to you. This is an idea that can be worth more than picking a name in the yellow pages or in newspapers.

Now, make sure that you still do your own research even if you already have a trusted real estate agent. Your real estate agent will give you a list of properties that they have available for you so make sure you research about each one. Determine at the onset what you want to look for in a house.

The process of selecting a house to buy is basically upon your own preference. You are the only one who has the right to get the home you want to have. So make sure that you have thoroughly researched about every property that they show you. Make sure that you also stay within your budget when investing in a home.

You have just read some of the things that is important when buying your house. It is imperative that you put in the right time for researching about the real estate agent and the properties before you start thinking of investing.

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Andy Allen 30 July 2010 General , , , , , , , , , , No Comments

Tax Foreclosure Properties In Today’s Market

When people cannot pay off their mortgage loan, their homes turn into tax foreclosure properties. When this happens, a court order is sought after to eliminate the mortgage and the buyer’s right to repurchase his house. The house is then sold at a fraction of the price or sold off at auction. Foreclosure investment refers to purchasing properties that were foreclosed. Investors can often pick up properties at 50 percent below their market value, or even lower.

Tax foreclosure properties are then resold from new buyers for their full market value. People who make these investments need to have a lot of upfront cash or an investor backing them up. It is important for individuals to become knowledgeable in legal state requirements.

When people decide to make an investment by purchasing tax foreclosure property it is important for them to search for local resources to get information and resources. Pick a source that is reliable and seek additional books, pamphlets websites and print resources.

Use as many free resources as you can, including the internet and library. Research any material before spending any money on it. Attend as many open houses as you can; open houses are usually held on the weekend. It may seem like a waste of time and gas, but you will learn more about property values than any amount of reading can provide.

Consider taking a real estate course before investing in tax foreclosure properties. Often a Real Estate Licensing School subsidizes the course. The information gained is often worth the price. Check to make sure that a higher fee is not charged if an individual chooses not to get a license and work for the company providing the course.

It is important to avoid scams when choosing to become a tax foreclosure properties investor. There are some people that charge thousands of dollars and provide information that is already available for no or little cost. Real estate seminars can also be costly and are often not needed.

Not to say that all companies that charge a fee are scams. There are several companies out there that charge a fee of just a few dollars a month and send they regularly send you tax foreclosure information specific to your area. Watch out for companies that want to charge you a large membership fee to join, as these are usually scams.

By choosing to buy and sell tax foreclosure properties, investors can profit quite a bit. As always, it is important to become both knowledgeable and educated about real estate while spending as little as possible. Before spending any money, you should investigate thoroughly any real estate program that costs money and be absolutely certain that the source is accredited. Be sure to, whenever possible, take advantage of all free information that you can from libraries and open houses.

If you’re looking to find the best strategies on Tax Foreclosure Properties, then visit www.noriskinvestor.com to find the best advice on Tax Lien Foreclosure Properties and other real estate investment opportunities.

Nathan Campbell 11 June 2010 General , , , , , , , , , , , , No Comments

Creative Real Estate Investing For The Serious Investor

You probably heard that since today’s economy is at one of the lowest points in history, many individuals are searching for a way to make money in more creative ways. Creative Real Estate Investing is one way that people can acquire tax lien foreclosed property in order to make money from them. Buy learning how to research and purchase these properties, one can make a great deal of income, even in a sluggish economy.

Valuable training is available to help individuals, so they can be successful and reap the rewards of buying and selling real estate. You can easily be shown how to approach the tax lien foreclosure listings and make sound offers on the listings to win the bids. You can also learn how to research the listings so you will understand if they are a good investment for you. l

Tax lien foreclosures can be very cheap. With Creative Real Estate Investing you can purchase real estate for pennies on the dollar. It will come complete with the Deed that says it is yours, free and clear. There are lists available that you can use to see the tax lien foreclosed properties all over the country or just in your area. Do your homework to make an informed decision and head to the auction with confidence.

Being able to view a tax lien investor’s list is a great way to keep up with what is being offered on a regular basis. You can peruse the list and decide which properties you would like to purchase. Remember that not every listing is a good bargain. Do the research on the property and be sure that you won’t have to pay a ton of money in repairs before embarking on the bidding of a specific property.

There are professional tax lien investors that are willing to help you with the ins and outs of Creative Real Estate Investing transactions. Once you get the hang of it, you will be able to have a great cash flow. With someone on your side helping you learn how to do the investing, you can’t go wrong.

If you desire to make money in today’s economic real estate market, then get creative. By doing your homework and finding help from the professionals that can give you sound advice on investing, gaining access to the tax lien foreclosure listings, and giving you the basic know-how to carry out the whole process, you can eventually write your own paycheck.

If you’re looking to find the best strategies on Creative Real Estate Investing, then visit www.noriskinvestor.com to find the best advice on Tax Lien Auctions and other real estate investment opportunities.

Connor Smith 25 February 2010 General , , , , , , , , , , , , No Comments

Green Real Estate – What Homes Qualify And Which Don’t

There is an increasing trend in the number of green homes. Perhaps the much insisted eco-friendly resolution have after all has drawn near with real estate as individuals are currently changing to using renewable energy sources and supplies without residual toxins inside their homes. However if you are a newly celebrated ecological folk and you are going to buying your new eco-friendly home, there are a few things that you should look out for.

The first thing to search for is the type of flooring. Hardwood floors are vital in not just in maintaining the aesthetics of the house, but in house warming as it conserves heat especially in the cold months of winter. It lessens the requirement for carpets which are normally prone to dust.

The windows have to be facing sunlight, in order that a lot of natural light as possible can get inside the rooms. They should also be large and if possible double paned. If there is enough source of natural light, you cut back on the need of artificial lighting, and as a result, you save up some cash in the electricity bill.

The location you choose for your eco-friendly home is also important. It needs to be away from any source of pollution, and instead, be as deep in nature as it can be. If it’s close to the city where there are a big amount of carbon emissions from vehicles, or near some factory, then it is not appropriate. Choose instead a place where there is an abundance of trees, and nature is in its fullest.

The plan of the house has is essential too. The bigger a house is the more energy hungry it’s going to be. That’s in consideration of the amount of electricity it requires in operating the systems, and in heating and cooling it basing on the environmental temperatures. If you don’t need a lot of space, go for a medium sized home that will be simpler to keep.

As the housing crisis bottoms we’ll have plenty of one in a lifetime real estate investing opportunities. You may also want to read our articles about home refinancing so you’ll have funds to invest!

Jason Myers 2 January 2010 General , , , , , , , , , , , , , , No Comments

Getting the Price Right for Success in Real Estate Sales

Real estate investing normally involves selling at some point. This cost setting is what will determine how quickly the home will sell. But how do you get this cost correctly?

For most home sellers, enlisting of the appropriate cost is based on how much they think the house is worth. But as it has been determined with this method, the odds of making it right are very small to none. Of course, the laws of probability guarantee you a chance in getting it right by sheer estimation but that almost never happens.

For the greatest price, you need to do a single thing, and that is a home check. You need to get the services of an expert to make the cost estimate of the house and provide details to you with it. That will provide you the edge of pricing the home. These people are very accurate in their dealings and with all considerations being made, like the recent trends in the real estate market, they will deliver an almost precise figure of just how much your property is valued inside and out.

There are some situations wherein you might not be joyful with the figure, but you are more than welcome to do improvements that will increase the amount to a higher number that you can be comfortable with. You may invest in remodeling the house, redoing the paint jobs and replacing a thing or two, until you feel like the overall cost has increased.

The next thing you can do is to wait till the house selling season arrives, but with the unpredictable financial turns, you would not be assured of that actually occurring.

When selling your home, you should not even think about contending with foreclosed homes since their prices are much lower and efforts to match them would just result in loss.

As the housing crisis bottoms we’ll have plenty of one in a lifetime real estate investing opportunities. You may also want to read our articles about home refinancing so you’ll have funds to invest!

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Jason Myers 16 November 2009 General , , , , , , , , , , , , , , No Comments

Saving Money Through High Interest Savings Accounts

by Chris Channing

Saving money isn’t so easy, since most citizens are struggling to get by as it is. But if you are able to invest in anything, and want only a secure investment, your money is best invested in a high yield savings account. Just follow basic tips before applying so you get the best possible deal.

Insurance is available for just about anything you can think of. It is in existence for banks and savings accounts too. The FDIC offers insurance for United States citizens, so long as the bank they are doing business with has applied and been approved. Don’t do business with a United States bank that has not become insured to avoid any danger to losing your money.

Next look at the interest rate- and do your research to see if it has changed in the past. Hesitate in doing business with an institution that fluctuates the interest rate wildly, since this is seen as unstable. An interest rate that is fixed or changes very little over the months is the best option. Interest rates for savings accounts can go as high as 5% or greater.

Banks have several methods of keeping you as a customer- even if you plan to take all of your money out at some point in the distant future. Banks could use fees such as closing costs, minimum account balance costs, and others to keep your account open. Before you do sign an agreement, you should review the fees that you will incur in such cases with a bank representative.

Also do reputation checks on the company. Use the Internet to purposely scout out both good and bad reviews of the company. Once you feel you have read enough, make a general assumption about the company. If many bad reviews were in play, you might consider doing business elsewhere. Even the best interest rate and terms will do you little good if the customer service department doesn’t do anything to help the customers they serve.

Internet banks are becoming more common as time goes on. Don’t be concerned to trust your funds and information with a bank that you aren’t able to physically visit. Through secure technologies and easy communication standards, having an Internet savings account is actually easier than going to your local bank to create one. In addition, the interest rates tend to be higher and the customer support better.

In Conclusion

Online savings accounts can offer you a much better interest rate than what local banks can- so do your research as stated. By following the guidelines you can easily find a good savings account that suits your budget and ability to populate the account.

About the Author:
Learn more on High Interest Savings Accounts and Savings Accounts.
Chris Channing 15 August 2009 General , , , , , , , , , , , , , , , , , , , , , , , , , , , No Comments
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