Category: Trading Articles

It’s time for the ECB to go all in

The first Thursday of every month, the European Central Bank (ECB) is in the spotlight. For two full years Draghi (Super Mario) lived off his promise to "do whatever it takes”. Two months ago, however, the ECB decided that they had to move. The talk effect was no longer producing. The Euro was at two year highs and threatening to trade higher still choking off export demand. Consumers and economic activity were stagnant raising the spectra of a deflationary spiral in the Euro Zone. The result was a call to action which appeared overwhelming with even the Bundesbank nodding their approval.

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  • Written by LA Little

Category: Trading Articles

SPXL- 76.37 line in the sand Update 8/3/14

SPXL is a 3X bull S&P 500 index ETF- see the following 5m 2hr chart.

Read more: SPXL- 76.37 line in the sand Update 8/3/14

  • Written by Gary Caumont

Category: Trading Articles

JNUG- 23.38 line in the sand Update 7/10/14

JNUG  is a junior gold index ETF with 3X leverage- see the following 13day 15min chart.

Read more: JNUG- 23.38 line in the sand Update 7/10/14

  • Written by Gary Caumont

Category: Trading Articles

$Compq- 4382.1, 4423.6, 4513.8 short term targets Update 7/25/14

We are close to the old 3/6/14 4371.7 top- see the following 10wk hourly chart.

Read more: $Compq- 4382.1, 4423.6, 4513.8 short term targets Update 7/25/14

  • Written by Gary Caumont

Category: Trading Articles

Did you miss Intel’s good news?

Last Thursday, Intel Corp. (INTC) raised their second-quarter and full-year sales outlook as a result of stronger-than-expected demand for business PCs but the news was largely ignored as the rebel advance on Baghdad garnered all the attention that day. Other than a boost to Intel stock, the market traded lower despite the fact that a major component in most indexes was telling us that things were appreciably better than expected.

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  • Written by LA Little