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Gold Dips, However, It Is Still The Golden Investment

Posted by Aadil on September 12, 2011 at 5:13pm
Presented by Nick Santiago September 12, 2011 10:23AM
This morning, spot gold is declining lower by $21.00 to $1838 per ounce. Gold has been extremely volatile over the past month. Many traders and investors have been fleeing the precious metal due to rumors of another margin hike by the CME Group. So far, the CME Group has increased margins for gold on two separate occasions since August 10, 2011. Traders may remember, it took four separate margin hikes in silver to cause the price to decline sharply. It is important to note that gold has been in a ten year bull market, therefore, a correction in the precious metal will actually be beneficial as the chart is somewhat overbought and extended on the larger time frames. This morning, the highly popular SPDR Gold Shares are trading lower by $2.38 to $178.26 a share. The GLD will have intra-day support around the $176.00 and $174.50 levels intra-day. 

Gold mining stocks are also pulling back today with the precious metal. The highly popular Market Vectors Gold Miners ETF (NYSE:GDX) is trading lower by 0.72 to $65.09 a share. Traders can watch for some short term intra-day support around the $64.00 area. Other leading gold mining stocks that are pulling back include Agnico Eagle Mines LTD (NYSE:AEM), Newmont Mining Corp.(NYSE:NEM), and Randgold Resources LTD(NASDAQ:GOLD). 
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15 Reasons Markets Tanked After Obama’s Jobs Speech

Posted by L Levin on September 12, 2011 at 5:12pm

Now, for our analysis of the 15 reasons markets moved this week:

Monday

1) ISM report. The Institute for Supply Management’s index of non-manufacturing businesses increased to 53.3 in August, up from 52.7 in July. Economists had forecast the gauge would drop in August to 51, heading dangerously close to 50, anything below which signals contraction. The report followed last week’s ISM report, which had manufacturing increasing as well, but that wasn’t enough to give markets a boost today, as the euro-zone debt crisis continued to be a drag on the markets.

http://wallstcheatsheet.com/trading/15-reasons-markets-tanked-after-obamas-jobs-speech-and-european-central-bank-shakes-up.html/

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Let The Games Begin

Posted by Aadil on September 12, 2011 at 4:32pm
Presented by Nick Santiago September 12, 2011 10:51AM
Hopefully many traders and investors know that this Friday is options expiration. Often during the trading week leading up to the expiration there will be a lot of games being played by the large institutional trading desks. You see, this is a time when the small retail options traders will most likely be shaken out of their near term options position. The institutions will usually look to see where the small retail options traders have placed there bets. Once the elaborate computer programs sniff out where the popular bet has been placed the institutional money will move the stock in the other direction. This is why options expiration week is always so volatile, erratic, and tricky. 

It is important to always remember that many small retail options traders will rarely ever exercise a stock, they are simply looking to capture a gain in the premium paid. Most options traders will generally close out the position before the actual expiration of the option. This is another reason why the entire trading week leading up to options expiration is so volatile. Traders should also be aware that this is a week where rumors run rampant in the market place. 

Traders and investors will see the most volatility on the popular trading stocks. Stocks such as Apple Inc.(NASDAQ:AAPL), Netflix Inc.(NASDAQ:NFLX), Amazon.com Inc.(NASDAQ:AMZN), and Biadu Inc.(NASDAQ:BIDU) will usually be extremely active and volatile throughout the trading week. It is important to remember most traders that are purchasing options simply do not have the capital to directly purchase the stock and the institutions know that, therefore, the institutions will take advantage of this and try to shake out the small retail options trader throughout the entire week. 
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German Econ Min Roesler: Discussion of an orderly Greek bankruptcy can no longer be excluded from conversation - German press

Posted by Aadil on September 12, 2011 at 5:50am
Says: "To stabilise the euro, there can no longer be any taboos. That includes, if necessary, an orderly bankruptcy of Greece if the necessary instruments are available... If there are breaches of the rules, there must be tough requirements ... and if there are continued breaches, a withdrawal of voting rights for a time in the EU Council of Ministers should not be a taboo."
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Strong Dollar Causes Head And Shoulders To Be Everywhere

Posted by Aadil on September 10, 2011 at 7:39am
Presented by Nick Santiago September 09, 2011 01:18PM
The major stock market indexes are plummeting lower today. All of the major stock indexes in the United States are trading lower by more than 2.00 percent across the board. Everything that is sensitive to the stronger U.S. Dollar Index is declining sharply lower. The industrial metal and the energy stocks are leading the decline this afternoon. Stocks such as Freeport McMoRan Copper & Gold Inc(NYSE:FCX), Southern Copper Corp.(NYSE:SCCO), and Chevron Corp.(NYSE:CVX) are just a few of the leading stocks that are declining sharply lower. The catalyst for these declines is obviously the stronger U.S. Dollar Index. Many of the leading industrial metal stocks such as Rio Tinto plc(NYSE:RIO), Freeport McMoRan Inc.(NYSE:FCX), and Vale S.A.(NYSE:VALE), have potential head and shoulder patterns(bearish) developing on the intra-day charts. These are big multi-day patterns that could have a lot of potential downside if these patterns trigger and play out to the possible targets.

If there is any economic slowdown in the world it is the industrial metal stocks that would be effected the most. Since the 2009 low, the industrial metals such as copper, iron ore, steel, and metallurgical coal have lead the stock markets higher. If the Federal Reserve does not implement another round of quantitative easing this sector could easily be in a bear market for the foreseeable future. The Federal Reserve just ended their last $600 billion quantitative easing program on June 30, 2011, therefore, it is likely that they will have to wait at least several more months before beginning another round of market stimulus. 

Traders and investors must understand that if the U.S. Dollar Index pulls back or sells off the industrial metals and the energy sectors will get a bounce. This rule applies for the intra-day and the daily charts. As a simple rule, just remember that the markets will usually trade inverse to the U.S. Dollar Index. 
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Euro-zone Breakdown

Posted by Aadil on September 10, 2011 at 7:38am
8118306258?profile=originalPresented by Nick Santiago September 09, 2011 02:20PM
This afternoon, the popular and highly followed German DAX closed lower by over 4.00 percent to 5189.93. This is a fresh new 52 week closing low for the most important stock index in the European Union. The iShares MSCI Germany Index Fund ETF (NYSE:EWG) is trading lower by 0.92 cents to $17.89 a share. Traders must now watch for the next support area on the EWG which is at $16.75. This support pivot was made on the daily chart going back to July 2009. After that level the March 2009 lows will be back in play as the next major support area for the EWG. In other words, there looks to be further downside in the cards for the EWG. 

Other leading European ETF's that are trading lower today include the iShares MSCI Spain Index (NYSE:EWP), iShares MSCI France Index (NYSE:EWQ), and iShares MSCI Italy Index (NYSE:EWI). All of these important European ETF's are trading lower by more than 4.00 percent today. Traders should remember that the EWG is the most important European ETF to follow since Germany may be the only solvent country in the Euro-zone. Remember it is always best to follow the leader. 

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FTSE 100 - Daily chart - 2 key points..please read !

Posted by Aadil on September 10, 2011 at 7:22am
8118304701?profile=originalFTSE 100 - daily chart 

2 important points here 

1. we have registered a lower high based on news of Greece defaulting over weekend and EURO started to slide = fundamental concerns 

2. we have H&S formation .......one must know that a H&S at the bottom of the market has a 50% success rate, not as high as being at top of market. Therefore one must be wary of a reversal ......

FTSE 100 Weekly chart = bear flag 

provided the FTSE 100 < 5300 which is the 200 MA =respected by every fund manager 

200 MA = line in the sand 

if we get weekly close > 5300 = bull market and H&S failed and bear flag failed = short squeeze ....This will mainly be due to QE 3 being announced/or some sort of stimulus 

if < 5300 = bear flag in play and H&S kicks in .......
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Market Tanks Amid Greece Default Fears

Posted by Aadil on September 9, 2011 at 10:24pm

The news of a possible Greek default, which would be a historic first-time event, overshadowed any individual stock stories today. In isolation, the default of a relatively small Eurozone economy would not be the "end of the world", but with other, larger Euro economies standing on extremely shaky ground (especially Italy), such an event could trigger a domino effect unlike anything ever witnessed in modern human history.

 

http://blog.t3live.com/

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