Stock of the Week - SEED

SEED was another before the bell explosive price gaining stock. Doubling your money in only 2 days. Life is too short for buy and hold or buy and pray. Smart investors like yourself want their stocks to show instant profits from day one. You have 2 options learn the skills yourself or subscribe to my daily BEFORE THE BELL newsletter.

Hit the Ball out of the Park AGAIN!

My before the bell pick JCG was up +7.5% in 1 day. What gets me is investors are buying stocks on a hope and a pray ... WHY?

YOU should be buying stocks that will beat the yearly averages within 1 DAY!

Most fund and pension managers struggle to make 7.5% per year.

When you know what to look for, you can make 7.5% profit per week easy.

DOW, SPX ON A HIGH

DOW, SPX on a HIGH ... 52 week high that is, not the time to buy. We have to wait and see if Mr Market will like the view and climb higher or get dizzy and fall lower.

Should you dance in and out of the markets?

Focus Group Of Traders and Investors - AUDIO

Discussing Jesse Livermore and the question on dancing in and out of the markets.

Great story from Jesse Livermore's Trading days.

http://recordings.talkshoe.com/TC-70323/TS-295377.mp3

Watch out for phoney experts calling time

I've noticed recently some so called experts saying thing like ... why are people bullish on google when it's downtrending.

So I look at the chart of google, it is not downtrending, it's a pullback.

Why can't experts read a chart. Telling people to sell during a bull market ain't smart. When the bull and upward trends end then it's smart to get out.

Everyone knows these so called experts are not independant thinkers and have clients who make the real money at your expense. Learn to read the charts yourself or get an independant opinion much like a second opinion from a doctor.

The markets are in a pullback which may turn bearish or may continue the bullish upwards move, no one knows. We do know that the trend is upwards and it would take at least 2 weeks for the trend to change at least.

It is STILL a BULL MARKET

Why do respected market commentators come out with such rubbish as this:

"I haven't been this bearish in a year. I look at the board and every single stock is up. But there is no fundamental rooting as to why." Meredith Whitney on CNBC

The Trend is UP and bullish with a pullback day today. The PREVIOUS LOW is around 1030 which is miles away from where we are at 1094.40. Does Meredith want investors to short (sell) the market so here clients can make money?

It is totally financial suicide to have AN OPINION ON ANY MARKET ... PRICE TELLS ALL!

SPX Price says we are BUYING BULLS and their is no stopping us ... YET!

If and when price falls below 1030 and doesn't reach it's previous high of around 1107 then we can reassess the situation, until them THE BULLS HAVE IT!

NOTE: WE DO NOT CARE WHY PRICE IS BULLISH, WE ONLY FOLLOW PRICE!

SPX rising, Dollar sinking, Gold Golden

SPX upwards trend corresponds with the Dollar's downward trends. How far does the dollar have to go? Well looking at the dollar index it's previous low around 72, it's currently at 74.5. So it still has some way to go. The Gold upward trend is still in tacted with many commentators like Marc Faber of the Doom, Gloom and Boom report says that we haven't reached the top of the market yet.

When looking at trending charts, a simple way to analyse them is to follow the previous lows and highs. As long as we have higher lows and higher highs the trend is still upwards. When the previous low is broken by the current price, that is a wake up call. The trend MAY be changing so watch carefully.

Why are the markets so bullish? Bears are dead?

I get asked his question more and more since last year. After some thought and listening to my peers, I've boiled it down to just 2 reasons.

1. The Bear players are no longer a factor in the market. With the dimise of Bear Sterns, Lehman Bros there are no other financial institutions who really specialize and aggressively sell the market like they did. This leaves the bias on the side of the BULLS. This explains why pullbacks and retracements are not big moves and sometimes don't exist at all.

2. Supercomputers are now doing the bulk of the trading on wall street, these algorithms are like a self fulfilling prophecy, the more they buy the more they buy.

So there you have it, this is very important knowledge for both investors and traders alike, it means that bullish trends should last much longer in all timeframes than has been the case in the past.

Trade2win Scam

Trade2win have a new policy banning traders within 24 hrs. They have a website set up for traders to express their opinions, write their own trading journal. But it's all a scam because when you do and they notice that your a really great traders who makes sense, the moderators start to attack you. Now I have been a member of many forums and the moderators are usually invisible and let folks get on with it.

Trade2win should be ashamed of themselves, their moderators are a set of thugs. They not only attack what your saying but also start researching you for any excuse to ban you.

The ban didn't work, I'm back in under another name.

David Dalby's Trading and Research Journal

So I told my sister, chart looks good buy NEXT...and forgot all about it...several years later a letter arrives from beloved sister saying she just sold those shares. They are off on holiday, buying a new flat screen tv and saving the rest for a rainy day....

she didn't....she bought the shares...

Good girl, of my previous 4 share holdings I had lost money on 1 and had 3 winners.

Not bad, but I am a management accountant, I read accounts for breakfast. Surely I could make money at this share game.

The answer to that was YES and NO

With the death of arthur anderson, changes to accounting rules and out right fiddling and cooking of the books across the board, I soon came to believe that the FUNDAMENTAL APPROACH was DEAD

The death of a trading style that was once god like is not only hard to take it's difficult to change habits. You keep wanting to look at the accounts just to be sure, even if they are over cooked in the wrong direction with the chairman saying we have no problems and the sun is shining, the grass is green and we are on track....RUBBISH

What are the most Profitable Trading Indicators?

I get asked this ALL THE TIME...which is the best trading INDICATOR...the best answer from experience is NONE OF THEM...they LAG the market.

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Do you Deserve to make money?

Most Traders and Investors are brought up with the idea that money is ONLY gained through HARD WORK and time spent grafting away. Get educated, get a good job, work hard and save your money.

Your Father and Mother could have worked LONG hours and toiled hard work for you.

That is the IMAGE you have in your mind...WORK IS HARD.

You may then feel UNDESERVING in your mind if you do not work hard for your money.

When this happens you will give back ANY and ALL gains you have made.

THINK ABOUT IT! How many times have you heard about lottery winners whose millions were squandered over the next 3 to 5 years until they were PENNILESS. It's no joke it happens ALL THE TIME.

Trading and Investing isn't like this.

YOU CAN MAKE THOUSANDS WITHIN MINUTES WITH NO WORK AT ALL.

This is a totally new idea to many people.

Using the stock market, Forex and Gold markets you can AMASS a fortune with very little effort.

The TRUTH is YOUR SELF IMAGE controls how you will handle money.

The self image is stronger than you are, when you start making hundreds of thousands you mind may tell you this isn't right, you aren't supposed to make money this fast and you give it all back in the next few weeks or months just like those lottery winners do.

If you find that this is happening to you, DON'T WORRY. It can be fixed ;-)

In my book PHD METHOD BONUSES, it explains in more detail the problem and the remarkable solution that has helped thousands change their self image to one deserving of millionaire status.

See Freebies, Tools and Resources on right for more details.

SPX buying is slowing

SPX previous high was around 1100, today the buying stopped around 1093. It is still a bullish market but watch out for a retracement back to 1020.