Tuesday, June 16, 2009

Stock Market Technical Analysis

The markets continue to drop.Big sell off in the financial last 10 minutes of the day ,

Scalping Forex after the Dow Jones Bell

The first minute after the Dow Jones bell there are easy clues to where EUR/USD, GBPUSD, AUDUSD and just about all other currencies are heading for a minute or two, so with Demo video I show you what scalping can be done for those who can master the game, visit forexbody.com for extraordinary Forex trading ideas, Sorry no audio because when I scalp I do not blink, Basically if I had audio on I would say that I see opportunity and I'm pretty sure of the market direction for next few seconds so I open a large position up, leaving little margin to be lost if I'm wrong, but as my position turns a winner and gives me new margin I can use, I quickly open 2 additional positions in the same direction. I also increase my profit limit a little more. I close my smaller positions manually and my profit limit is triggered just in time before the shark turns around. 20% return on investment in less than 10 minutes at 9:32 am , any business day !

Banks Can Now Take Your House 2009

Foreclosure rates jumped 18 percent in May, according to figures released Tuesday by RealtyTrac.

RealtyTrac, an Irvine, Calif.-based firm that tracks real estate statistic, said there were more than 300,000 foreclosure actions filed against U.S. homes in May, the third month it has exceeded the 300,000 mark.

Foreclosure actions include default notices, auctions and repossessions by banks. In all, 321,480 U.S. residential properties experienced a foreclosure action in May, or one in every 398 homes in the country.

RealtyTrac said an 89 percent spike in Oregon helped contribute to the May totals. Washington, Michigan, Arizona, Nevada and New York, also posted significant year-over-year increases.

In Oregon, 3,067 foreclosure actions were filed in May, or one for every 525 homes. Oregon ranks 12th in the nation for foreclosure. Deschutes, Clackamas, Columbia, Jackson and Josephine counties have Oregons highest foreclosure rates.

In Washington, there were 3,833 foreclosure actions in May, or one for every 716 homes, representing a 48.28 percent increase over a year ago.

Nevada, California and Florida had the highest foreclosure rates in the nation.

What's driving the Oil Rally ? is it an Oil Bubble ?

The crude oil prices doubled in less than 6 months going from $35 to the $70 of last week , are these real fundamentals driving the prices do people really believe that the economy has recovered ? or is it just another speculatory bubble ready to burst in short term ..there is a wave of commodities money coming into the market as a hedge against inflation , this is not a rally you could rely on , the soaring demand is missing from this rally , this has nothing to do with last years rally which was driving by the demand and shoots crude oil prices to a record of $147 a barrel , there is also the dollar factor which is in a stronger place this year than it was last year

Housing market's false hope

commercial and residential Real Estate prices have been falling for three years now and these things do not tend to reverse themselves quickly Economist Robert Shiller Economics professor at Yale University tells CNN that the recent boost in consumer confidence won't link to a turnaround in the housing market.On the other hand while confidence is up unemployment is rising sharply we are at 9.5 % and it will even rise higher . Nouriel Roubini talks about 11% unemployment in 2010...

New Agency to watch for Credit Cards and other financial products

President Obama is expected to unveil a new government agency Wednesday that will watch over financial products offered to consumers such as Credit Cards , Mortgages ...consumer product safety commission ...the last bust in the economy was partially caused by the fact that many people took on mortgages that they could never pay in a million years and they were taking on loans on credit cards that had 25% or 30% interest rates , people should be more responsible but financial companies should be more responsible too , and that's what's this watch dog agency is all about

Bob Chapman on Radio Liberty June 15 2009

Bob Chapman The International Forecaster on Radio Liberty this 15 June 2009 talking about Oil Prices and its new records heights in prices which could be devastating for the American economy that is not recovering yet , the elections in Iran the gold and silver prices the dollar Obama health care the inflation the stock market The Central banks the FED , the treasury bonds the housing crisis , Bob Chapman says " no currency is a good place to be you should go to Gold and Silver Now"
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