Saturday, September 24, 2005
for all you gamers
Who would have known that this site is psp compatable all this was typed on a psp
Thursday, September 22, 2005
One stock I think you should own
INTC- Intel
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
Tuesday, September 20, 2005
Times like this....
This is the SECOND attempt to type this. As the first was lost due to my striking of the back button. The face I made when it happened:
So lets get to the market. The Fed, on a crusade to kill your house's value, raises rates. And the market reacts with the USD gaining strength yet again. If you're sick of it, raise your hand.
Unanimous, just like I had thought. In reality, with Rita strengthening by the minute, and oil headed to $200 a barrel long term, the USD should have already died.
On this oil topic. Everyone in the media is afraid to address the increase in oil prices. Oil will be as expensive as gold in the coming years. OIL HAS PEAKED, yes, topped. Oil production will be coming down from here. At current consumption we have just until 2050. That is at current rates, in the future China will have revalued their currency (RMB) which should rise in value to the USD. What's this mean? MORE oil can be bought for LESS. Their economy won't slow for anything and I believe that we can expect to see growth in oil consumption.
Oil will always exist on this planet but the cheap oil will be an extinct animal. Exploring in Alaska is virtually worthless, while there is possibly billions of barrels hidden in the wildlife reserves, the amount of oil that can come out of the ground is not billions of barrels short term. The oil that will be produced is around one million barrels per day, currently about 1.25% of the consumption. This will add nothing to the bottom line and only destroy the wildlife reserve. Don't get me wrong if this oil could come up in 5-10 million barrels a day range, I would be all for it.
Next thing, the fed can't do anything about this event. The fed can't put limits on how much traders can pay for something, and even if they could there are many more markets where oil is traded. If the NYMEX shows $75 and China has rates of $100 a barrel where do you think the oil companies are going? The fed can't do anything, releasing reserves is only a short term solution. The only way to protect yourself is to whip out the futures account and long oil. With the current problems I think you could retire on gains from the oil futures markets.
If you have interest in new energy sources checkout this blog http://oilstories.blogspot.com
For the purpose of distributing the wealth to the younger generations....
So lets get to the market. The Fed, on a crusade to kill your house's value, raises rates. And the market reacts with the USD gaining strength yet again. If you're sick of it, raise your hand.
Unanimous, just like I had thought. In reality, with Rita strengthening by the minute, and oil headed to $200 a barrel long term, the USD should have already died.
On this oil topic. Everyone in the media is afraid to address the increase in oil prices. Oil will be as expensive as gold in the coming years. OIL HAS PEAKED, yes, topped. Oil production will be coming down from here. At current consumption we have just until 2050. That is at current rates, in the future China will have revalued their currency (RMB) which should rise in value to the USD. What's this mean? MORE oil can be bought for LESS. Their economy won't slow for anything and I believe that we can expect to see growth in oil consumption.
Oil will always exist on this planet but the cheap oil will be an extinct animal. Exploring in Alaska is virtually worthless, while there is possibly billions of barrels hidden in the wildlife reserves, the amount of oil that can come out of the ground is not billions of barrels short term. The oil that will be produced is around one million barrels per day, currently about 1.25% of the consumption. This will add nothing to the bottom line and only destroy the wildlife reserve. Don't get me wrong if this oil could come up in 5-10 million barrels a day range, I would be all for it.
Next thing, the fed can't do anything about this event. The fed can't put limits on how much traders can pay for something, and even if they could there are many more markets where oil is traded. If the NYMEX shows $75 and China has rates of $100 a barrel where do you think the oil companies are going? The fed can't do anything, releasing reserves is only a short term solution. The only way to protect yourself is to whip out the futures account and long oil. With the current problems I think you could retire on gains from the oil futures markets.
If you have interest in new energy sources checkout this blog http://oilstories.blogspot.com
For the purpose of distributing the wealth to the younger generations....
Monday, September 19, 2005
First REAL post
So why not? I've got a new blog and I'd like to fill it up.
So what's up with the markets today?
Lets start with Forex: (Hey interbanks, I could use a job ;)
EURUSD continues south. HUH? Touched the 100 day MA and couldn't break through.
Must be all this German Election garbage. The news has pushed EURUSD to break out of a channel that spawned in June of this year. Now it wouldn't surprise me if EURUSD had broken to the north due to Katrina and high gas prices. The USD should not be doing as well as it has been, especially with Rita about to smash Florida and the gulf. Who knows, it may even smash New Orleans, like they need it.
USDCHF
This pair has an uncanny ability to screw me. I'm about to go short on this pair, even as Rita plans to ruin the south. BECAUSE I TRADE TECHNICALS. No matter what happens people will take their profits, people will stop their losses, and news will never set the value of currency. The RSIs say overbought and are showing some divergence on the 3hour charts. (Oanda is the only broker with 3 hour charts.) USDCHF was a no go at the 1.2818 level, this resistance could push the pair lower. I'm waiting for a confirmation first.
AUDUSD
I think a reversal is on its way. I'm short this one since .7740 (what a great call). I think this one should move higher and break this downtrend. MACD buy cross however it will soon again turn to a sell.
GBPUSD
AHHH this pair is going to "Break on through to the other side!" It seems as though it has also fell though the uptrend. I hate, HATE, to go long USD. I can't stand to do it, expecially where the markets are now. I think that we will be able to go long again, soon enough.
Lets go to the US Markets.
Dow has been suffering in the last few days after getting absolutely SMACKED by the 10700 level. Rita fears have pushed traders to short. (More fundamental crap)
Oil up over $4 on the Nymex. And NO this is not price gouging. Oil supplies are crippled from storms like Rita. Traders (foolishly) buy oil on the basis that a storm will push rigs out of commission. I have news for these traders, REFINERIES ARE NOT PURCHASING OIL RIGHT NOW. Due to refineries being severely backlogged, they will not be buying oil. Trading oil is purely speculative right now. No oil is being purchased for refining, it's just volume from the traders. I see oil retreating to $60 before the buying begins again.
Alright I'm done with this article. People over 55 control nearly 70% of the nations wealth, this is all about to change!
For the purpose of distributing the wealth to the younger generations....
So what's up with the markets today?
Lets start with Forex: (Hey interbanks, I could use a job ;)
EURUSD continues south. HUH? Touched the 100 day MA and couldn't break through.
Must be all this German Election garbage. The news has pushed EURUSD to break out of a channel that spawned in June of this year. Now it wouldn't surprise me if EURUSD had broken to the north due to Katrina and high gas prices. The USD should not be doing as well as it has been, especially with Rita about to smash Florida and the gulf. Who knows, it may even smash New Orleans, like they need it.
USDCHF
This pair has an uncanny ability to screw me. I'm about to go short on this pair, even as Rita plans to ruin the south. BECAUSE I TRADE TECHNICALS. No matter what happens people will take their profits, people will stop their losses, and news will never set the value of currency. The RSIs say overbought and are showing some divergence on the 3hour charts. (Oanda is the only broker with 3 hour charts.) USDCHF was a no go at the 1.2818 level, this resistance could push the pair lower. I'm waiting for a confirmation first.
AUDUSD
I think a reversal is on its way. I'm short this one since .7740 (what a great call). I think this one should move higher and break this downtrend. MACD buy cross however it will soon again turn to a sell.
GBPUSD
AHHH this pair is going to "Break on through to the other side!" It seems as though it has also fell though the uptrend. I hate, HATE, to go long USD. I can't stand to do it, expecially where the markets are now. I think that we will be able to go long again, soon enough.
Lets go to the US Markets.
Dow has been suffering in the last few days after getting absolutely SMACKED by the 10700 level. Rita fears have pushed traders to short. (More fundamental crap)
Oil up over $4 on the Nymex. And NO this is not price gouging. Oil supplies are crippled from storms like Rita. Traders (foolishly) buy oil on the basis that a storm will push rigs out of commission. I have news for these traders, REFINERIES ARE NOT PURCHASING OIL RIGHT NOW. Due to refineries being severely backlogged, they will not be buying oil. Trading oil is purely speculative right now. No oil is being purchased for refining, it's just volume from the traders. I see oil retreating to $60 before the buying begins again.
Alright I'm done with this article. People over 55 control nearly 70% of the nations wealth, this is all about to change!
For the purpose of distributing the wealth to the younger generations....
FinancialNut.Com
So this is my blog. I'm on my endless journey to make a buck with the forex, stock, futures, and options markets. Let's beat the street!
A little about me, I'm a trader who loves the game. I trade solely technical indicators and fundamentals are rarely introduced into any of my trading. I believe that all securities or currencies have a value in which bulls outpace the bears and where bears outpace the bulls. Traders drive markets; fundamentals do not.
In my blog you will find many of my ramblings, rants and calls in the markets. Between my mother who thinks trading isn't a job and high school teachers who couldn't teach for anything, I should have plenty to talk about.
For the purpose of distributing the wealth to the younger generations....
A little about me, I'm a trader who loves the game. I trade solely technical indicators and fundamentals are rarely introduced into any of my trading. I believe that all securities or currencies have a value in which bulls outpace the bears and where bears outpace the bulls. Traders drive markets; fundamentals do not.
In my blog you will find many of my ramblings, rants and calls in the markets. Between my mother who thinks trading isn't a job and high school teachers who couldn't teach for anything, I should have plenty to talk about.
For the purpose of distributing the wealth to the younger generations....
