CHARTPOPPERS MID-WEEK REVIEW – Updates, Tricks, News, and Timing (It’s Starting To Come Together)
ChartPoppers Newsletter Newsletter
Updates, Tricks, News, and Timing (Not necessarily in that order) Market Update – GENM – Yesterday we alerted our members about this stock, and we saw only subtle swings throughout the day, but it held its own. Today, we are off to a nice start, up 8.7% from yesterdays close. GENM is kinda jig-sawing showing us a trading range between .42-.50 – Keep an eye on it for possible swing opportunities. I`ll be updating you more as things progress.
AEA – Our last alert from 2010, positioned Long, has hit a bit of resistance lately, but has an attractive days range today (5.99 – 6.14 so far) which also puts this stock in a desirable position for all of you who follow it, and have gotten used to its trading ranges. We are still up 13.3% as of this exact moment, and I believe we can safely say that the trading range for this stock has been clearly identified.
Timing – I`m sure you`re all aware that this upcoming Monday (February 14th, 2011) is Presidents Day, so we will have a shorter trading week next week.
I have a New Trading idea coming over the weekend for you, and this holiday will give you one extra day to review all of the information and be ready for trading first thing Tuesday morning (February 15th, 2011) You wont want to miss this new Trading Idea, I have been watching this one have some serious movement, and I believe that it will be a near perfect entry point.
Watch out for my e-mails.
News – One of my favorite contributors for the site wrote this article yesterday. Many of you may remember him as the Stock Preacher, but his actual name is Paul Ebeling Jnr. (The Red RoadMaster).
His writing style and wisdom are second to none, so give it a read, and check out his other articles on the site (I`ll include links at the bottom) US Consumer Credit rose in December For all of Y 2010, credit dropped 1.6% after falling 4.4% in Y 2009.
US consumer borrowing rose in December for a 3rd month running, led by the 1st increase in credit-card charges in more than 2 yrs as Holiday sales improved.
Credit rose by US$6.1B to US$2.41T after increasing a revised US$2.02B in November, according to US Federal Reserve data issued Monday in Washington.
Economists projected a US$2.4B increase in the measure of credit card debt and non-revolving loans. Borrowing peaked at US$2.58T in July 2008.
A loosening of credit makes it more likely that consumer spending, which accounts for about 70% + of the US economy, will keep increasing after climbing last quarter at the fastest pace in four years. Gap Inc (NYSE:GPS) and General Motors Co (NYSE:GM). are among companies that beat sales estimates at the start of this year as customers took advantage of post-holiday discounts.
“Consumers hit the stores during this holiday season and rang the cash registers in a big way and some of these purchases were probably made with credit cards, ” said Chris Rupkey , chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, before today`s report. “Consumers have gotten their debt levels down relative to their income so the “Plastic” is not being avoided as much as it was during the recession.” Borrowing is beginning to recover since reaching an almost four-year low of US$2.39T in September 2010.—Paul A. Ebeling, Jnr.
To review all of Paul`s articles, please visit his profile located at:
http://clicks.aweber.com/y/ct/l=ORMwB&m=JrKNIFOT0S93BW&bd4sJbhglMYvxGADWvzJA Tricks – Here`s a quick Market trick for you, or rather, some “Mental Training” that can help you wrap your mind around the world of Trading Stocks to make money…
VIEW TRADING AS A SCORE IN POINTS AND NOT MONEY Simply put, forget about the money. Follow your rules and pretend you are playing with chips. Be happy that you stuck to your rules and are winning the game.
But if you think too much about the money then the losses will eat you up. You have to look at the big picture and the best way to do that is to forget about the money.
In action terms, it means to stop looking at the newspaper every morning to see if your stock has gone up or down.
If it hasn`t triggered one of your actions (like exit or another entry) then don`t worry about it because it doesn`t concern you until action is required.
If you stick to your rules then you really shouldn`t even need to know anything about your stocks or your money until action is required (and even then you can automate most of those processes).
Be on the lookout for more e-mails from me in the very near future, and don`t hesitate to drop me a line if you have any question/thoughts/ideas.
Best regards, ChartPoppers http://clicks.aweber.com/y/ct/l=ORMwB&m=JrKNIFOT0S93BW&b=B30Am4CyYW43JYXyb8kiew info@chartpoppers.comThis newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. ChartPoppers.com is owned by SEO Freisin, Inc. (30%) and Allan James Group, Inc. (70%). ChartPoppers.com has not been compensated for the mention of AEA in our newsletter, and we currently hold no positions, and do not intend on initiating any trades in this stock in the next 72 hours.
ChartPoppers has been compensated ten thousand dollars from Raincity Marketing Group – a non-controlling 3rd party – for GENM advertising and promotion. This 3rd party may have shares in GENM, and may liquidate their shares which could have a negative effect on the price of the stock. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. SEO Freisin, Inc., and Allan James Group, Inc.
or any of our affiliates currently hold no shares in any of the profiled companies in this report.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research.
Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results.
Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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Related posts:
- AFTER THE CLOSE – New Trading Idea For Tomorrow (Tuesday February 8th, 2011)
- TRADING REMINDER – GENM May Be Ready For a Rally + Some Day Trading Wisdom (Details Inside)