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Monday, August 30, 2010


  2 signs the U.S. economy is recovering
  Technicals: Despite Intel's warnings, market set to rally
  ETF Corner: Beware the Hindenburg omen
  Stock of the Week: Time to go long with Medtronic
  Week Ahead: Short-term rallies are bearish alternative

  Get daily technical market analysis of stocks and ETFs along with intra-day alerts and specific buy and sell recommendations at SwingTradeOnline.com with Jack Steiman. Free 21-day trial.  

2 signs the U.S. economy is recovering
The U.S. economy has been crippled by the financial crisis around the world. And regardless of efforts to spur growth, it will hobble along until two major economic pillars are finally rectified. Although we are not there yet, watching for these signals to turn positive will tell us when the economy has entered recovery mode and is back on its feet. At that point, investors can expect real profits to follow.
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ETF Chart of the Week: Bonds tiring but gold moving higher
Bernanke's address last week raised suspicions of inflation, a scenario that would likely propel gold prices higher and cause the bond market to suffer.

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Technician's Take: Despite Intel's warnings, market set to rally
Intel has often been the source of big moves on Wall Street. On Friday we witnessed a market bottom that came as a result of its announcement, which confirmed fears of the economy slowing down. Yet this piece of bad news, along with the poor GDP report, did not cause as much damage as analysts expected. Jack Steiman of SwingTradeOnline.com discusses three reasons the bears still do not have control and answers the question: "Just how high will the next rally take us?"
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ETF Corner: Beware the Hindenburg omen
A rather obscure technical indicator known as the "Hindenburg omen" has been popping up on radar screens lately, and it could spell trouble for investors. This historical predictor of market crashes is not 100% accurate, but it has been a precursor to every major market decline for decades. This week, we look at how the "Hindenburg omen" is derived, what it means in the near future, and what prudent investors should do to protect their portfolios.
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Stock of the Week: Time to go long with Medtronic
Medtronic, Inc. (MDT) is a leading developer and manufacturer of device-based medical therapies around the world. With business segments ranging from Cardiac Rhythm Disease Management to Spinal and Cardiovascular products, the company has its hand in leading emerging technologies. This should bode well for its future stock price, which is down 30% for the year. With many factors on its side, this hard-hit stock will likely make a comeback and offers an excellent long position.
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The Week Ahead: Short-term rallies are the bearish alternative
Revisionary thinking did an effective job of twisting disappointing GDP data into better than expected results last week. But with more of the same coming from the Fed, any prospects for growth remain grim for the time being. So just what do these short-term rallies mean for the weeks ahead? Market-timing expert Gene Inger explains why these seemingly positive rallies are actually the bearish alternative, and determines how long we can expect it to continue.
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