April 15th: The Premiere Of Atlas Shrugged
The Humble Libertarian has info on the premiere of “Atlas Shrugged” and a sneak preview, the first I’ve seen, of Hank Rearden’s ungrateful family.
I’m having difficulty waiting!
Entries Tagged as ''
A New Look At Exit Strategies
As one of the most recognizable names in the world of trading, veteran trader Chuck LeBeau has years of experience and success in the markets. In this recorded seminar, “A New Look At Exit Strategies,” he shares the tactics that have helped him to not just get into a winning trade, but more importantly to exit at the right time to take profits.
Gold, Dollar, Stocks & Sentiment at Major Pivot Point
February 27th, 2011
So far 2011 has been an interesting to say the least. Stocks and commodities have been jumping around with high volatility generating mixed trading signals. This choppy price action typically indicates trends are in their late stages. The late stages of a trend is very difficult to trade because volatility rises meaning larger day to day price swings, and at any time the price could either drop like a rock or go parabolic surging higher in value. Generally the largest moves take place during the final 10% of trend, but with a sharp rise in price keep in mind the day to day gyrations are much larger than normal, hence the false buy and sell signals back to back on some investment vehicles. Taking a look at the charts it’s clear that we are on the edge of some sizable moves in both stocks and commodities. It’s just a matter of time before a correction is confirmed or this current pullback in stocks is just a dip (buying opportunity). I am in favor of the longer term trend at work here (bull market) but it only takes a 1 or 2 bid down days and that could change. SPY (SP500 Price Action) – 60 Minute Chart This chart shows intraday price action with my market internals. It is signaling a short term bottom within the overall uptrend on the equities market. The big question is if this is a just an opportunity to buy into this Fed induced bull market or the start of a larger correction? Currently I am bullish but the next couple trading sessions could confirm my bullish view or a correction could be unfolding. Until then, we must remain cautious.
Price Of Gold – Weekly Chart Gold has staged a strong recovery in the past four weeks. But it has yet to break to a new high. I do feel as though it will head higher because of the way silver has been performing (new highs). But it is very possible we get a pause for a week or two before continuing higher. Because of the international concerns in the Middle East both gold and silver should hold up well even if the US dollar bounces off support. But, if the US dollar breaks down below its key support level we could see stocks and commodities go parabolic and surge higher in the coming months. It’s going to be interesting year to say the least.
Dollar Weekly Chart This long term view of the dollar shows a MAJOR level which if penetrated will cause some very large movements across the board (stocks, commodities and currencies). In short, a breakdown will most likely cause a spike in stocks and commodities across the board which could last up to 12 months in length. On the flip side a bounce from this support zone will trigger a pullback in both stocks and commodities. This weekly chart is something we must keep our eye on each Friday as the weekly candle closes on the chart.
Weekend Trend Report: In short, 2011 has been interesting but trading wise it’s has yet to provide any real low risk trade setups which I am willing to put much money on. There are times when trading is great and times when it’s not. It all comes down to managing money/risk by trading small during choppy times (late stages of trends), and times when we add to positions as they mature building a sizable portfolio of investments which I think will start to unfold over the next few months. I continue to analyze the market probing it for small positions as this market flashes short term buy and sell signals. Last week we say a lot of emotional trading and that typically indicates large daily price swings should continue for some time still so keep trades small and manage you positions.
You can get my FREE Weekly Analysis here: http://www.thegoldandoilguy.com/trade-money-emotions.php
Chris Vermeulen
Arkansas Quake Register 4.7!
| MAP | 3.8 | 2011/02/28 05:18:00 | 35.243 | -92.428 | 5.0 | ARKANSAS |
| MAP | 4.7 | 2011/02/28 05:00:50 | 35.265 | -92.344 | 3.8 | ARKANSAS |
Iceland Swarm In Krísuvík Volcano
Iceland Volcano and Earthquake blog is reporting that Krísuvík volcano has increased activity that may signal an eruption is imminent!
UPDATE: Iceland Volcano and Earthquake blog has an update to this increased activity:
According to news from Rúv. It appears that hydrothermal areas in Krýsuvík volcano are growing larger following the earthquake swarm in the past few days. This same news also tells that the number of cracks in the ground have grown in numbers following the earthquake swarm, this allows more water to get into contact with the hot rock and that warms the water up fast.
Enormous Crack Opens In Southern Peru
The mysterious crack measures 100 meters wide and three kilometers long. (Photo: El Comercio)
Living in Peru reported that an enormous crack appeared in Southern Peru. Peru’s geophysical institute ruled out the occurrence of an earthquake in the region.
The event, recorded Wednesday morning, caused the collapse of one house located in the rural community of Llorohoco. Four people managed to escape, but the youngest in the family, five-year-old Jean Carlos Vilcanqui Acero, is missing.
And from Peru.com comes this video in Spanish:
UPDATE: Wonder if the crack gives off heat like the Crack In Michigan.
What is an Infidel?
JohnAdams aka Rev. Larry Wallenmeyer wrote this andf I’m passing it on for your thoughts:
This is a true story and the author, Rick Mathes, is a well-known leader in prison ministry.
The man who walks with God always gets to his destination. If you have a pulse you have a purpose.
The Muslim religion is the fastest growing religion per capita in the United States, especially in the minority races!!
Last month I attended my annual training session that’s required for maintaining my state prison security clearance. During the training session there was a presentation by three speakers representing the Roman Catholic, Protestant and Muslim faiths, who each explained their beliefs.
I was particularly interested in what the Islamic had to say. The Muslim gave a great presentation of the basics of Islam, complete with a video.
After the presentations, time was provided for questions and answers. When it was my turn, I directed my question to the Muslim and asked: ‘Please, correct me if I’m wrong, but I understand that most Imams and clerics of Islam have declared a holy jihad [Holy war] against the infidels of the world and, that by killing an infidel, (which is a command to all Muslims) they are assured of a place in h eaven. If that’s the case, can you give me the definition of an infidel?’
There was no disagreement with my statements and, without hesitation, he replied, ‘Non-believers!’
I responded, ‘So, let me make sure I have this straight. All followers of Allah have been commanded to kill everyone who is not of your faith so they can have a place in heaven. Is that correct?’ The expression on his face changed from one of authority and command to that of a little boy who had just been caught with his hand in the cookie jar.’
He sheepishly replied, ‘Yes.’
I then stated, ‘Well, sir, I have a real problem trying to imagine The Pope commanding all Catholics to kill those of your faith or Dr. Stanley ordering all Protestants to do the same in order to guarantee them a place in heaven!’
The Muslim was speechless!
I continued, ‘I also have a problem with being your friend when you and your brother clerics are telling your followers to kill me! Let me ask you a question: Would you rather have your Allah, who tells you to kill me in order for you to go to heaven, or my Jesus who tells me to love you because I am going to heaven and He wants you to be there with me?’ You could have heard a pin drop as the Imam hung his head in shame.
Needless to say, the organizers and/or promoters of the ‘Diversification’ training seminar were not happy with my way of dealing with the Islamic Imam, and exposing the truth about the Muslims’ beliefs.
In twenty years there will be enough Muslim voters in the U.S. to elect the President!
I think everyone in the U.S. should be required to read this, but with the ACLU, there is no way this will be widely publicized, unless each of us sends it on! This is your chance to make a difference.
FOR The SAKE of The LORD Jesus Christ….SEND THIS ON.
-JohnAdams aka Rev. Larry Wallenmeyer.
Lara Logan: New Details Of Attack
According to OK!, Lara was reportedly stripped and beaten with poles in Cairo’s Tahrir Square.
The 39-year-old CBS reporter was not only whipped by makeshift flagpoles but also kicked, punched, pinched and pulled by her hair during the celebration of the downfall of Hosni Mubarak.
Fortunately, Lara reportedly told colleagues a group of Egyptian women protected her from being raped by throwing themselves on top of her.
Thank God the attack wasn’t worse!
Nintendo 3DS Will Be Released March 27th
Prepare for the next generation of handheld gaming. Trade in your used Nintendo DS and get an Amazon.com Gift Card that can be used to pre-order the Nintendo 3DS which will be released on March 27, 2011.
