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Your Daily Profit November 13, 2009 *****P/E Ratios *****Underestimating the American Consumer *****TradeMaster’s Jason Cimpl Fellow Investor, As we came into earnings season, it seemed clear that analysts were far too pessimistic with their estimates for earnings. Yesterday, Bloomberg reported...
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On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub’s Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market. In my latest video I cover both the Dow and...
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Home Page | Stock Charts | Video Tour | Contact Us | Nov. 2nd, 2009 MARKET OUTLOOK NEWSLETTER This past week stocks fell mainly due to poor economic reports and worries that Citigroup could file for bankruptcy. The one bit of positive news during the week was better than expected GDP growth for the third...
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This past week stocks received most of their lift from positive or better than expected earnings announcements and their downward movement from broker downgrades. While it was good to hear Apple beat estimates, it was more concerning to see Wells Fargo downgraded due to accelerating loan losses. This...
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In last week's blog post at www.precisioninvesting.com/blog and in our weekly newsletter we forecasted this week's high and low on the SPY (S&P 500 SPDR) to be 110.00 and 107.50 for our readers. As you can see in the chart below the high of 110.31 was reached early on Wednesday the 21st and...
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As we wrote in the previous blog post, if last Monday were to break above 105 then we were to look for resistance at 108.25. Monday's close at 105.28 set our outlook for last week at 108.25 which we nearly hit at 108.06 with Thursday's high. Once we hit that high (resistance level) early on Thursday...
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These past few weeks have been difficult to trade as the market has been changing direction on a dime and making investors second guess the current trend. Two key aspects to the PrecisionCharts trading system are the Risk and Timing numbers calculated throughout each day. If we look back to Sept. 2nd...
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Investor sentiment seems to have changed during the past week. Throughout August there has been a mixture of positive and negative economic and political announcements, but we are just now seeing a reaction to the negative side where recently it has been completely ignored. This could prove to be the...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 24, 2009 *****Small-cap Update *****Is This Rally Sustainable? *****Taking Profits Everywhere ***** TradeMaster ’s Jason Cimpl Fellow Investor, Stocks generally closed up higher today with the Dow and the S&P 500 continuing their upward...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 20, 2009 *****Small-cap Update *****Bravo, Mr. Watson *****Failures and a Rescue *****The Week Ahead Fellow investor, Stocks extended last week’s rally on news the troubled lender CIT Group (NYSE: CIT ) should be able to avoid bankruptcy...
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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 7, 2009 *****Small-cap Update *****Buy the Rumor, Sell the News *****Earnings Season *****Reader Mail Fellow Investor, Notwithstanding yesterday’s positive market activity, stocks continued their month-long downward trend with the Dow closing...
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Your Daily Profit June 5, 2009 *****Small Cap Trading *****Financials Back in the Lead *****Bulls vs. Bears *****Bullish on China Fellow Investor, Opening volume was higher in this morning’s session with all the major indices, except the Dow, trading in the negative. As of press time at 10:40 A...
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Your Daily Profit May 29, 2009 *****Stocks: Bullish or Bearish? *****One of My Secret Weapons *****The Trend is Your Friend Fellow Investor, The high close for the Nasdaq since the rally began was 1,763. Yesterday’s close was 1,751. For the S&P 500, the high close was 929 and it closed at 906...
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Your Daily Profit May 26, 2009 ***** North Korea ’s Risk *****The VIX *****What will Summer Bring? Fellow Investor, I hope every one had a fun and relaxing Memorial Day weekend. Pools are open, school is winding down, and summer is almost here. There were some fireworks over the weekend, but the...