Latest Articles

China stocks gain 15 pct in July, biggest in two years

August 7, 2009

HK rally for 5th month, up 3% on week. Both markets recorded another month of hefty gains in July, the seventh successive monthly gain for Shanghai and the fifth winning month for Hong Kong, fuelled by positive earnings momentum and analyst upgrades. In the absence of a major disappointment in US economic data due next week, or in corporate earnings that will continue to trickle in through August, analysts expect the stock markets to continue their upward trajectory. China’s 4 trillion yuan (US$585.5B ) stimulus package, unprecedented lending and stabilising economy have helped to propel a more than doubling of the Shanghai index from last October’s two-year low and fuelled a 43 % surge in Hong Kong

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Red’s Edge: the Key Qualities of Successful Traders

August 7, 2009

Successful traders always have a plan and follow it.

Traders who fail do not have a specific plan, they enter and exit with out reason or they enter and then do not exit until losses are painful.

In short, the unsuccessful have no exit strategy, or if they do, they do not follow it

Successful traders wait until the comes to them, they do not force the . Rather they exercise discipline and ignore that temptation that always suggests: “let a loss run just a little more, it will come back.” The fact is that: the loss that runs just a little more often runs a lot more. Read more

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Gold dips; risk appetite supports market

August 6, 2009

Gold futures dipped on Wednesday as weaker prompted funds to recent profits, but the market drew support from a renewed appetite for risk among investors. Platinum and palladium, boosted this week by strong July , rose on supply worries because of a possible strike at the power utility in top platinum producer South Africa. Renewed interest from investment funds buoyed commodities and alike, as investors focused on economic recovery rather than deflation which had decreased -hedge buying in Gold earlier this year. US December gold futures settled down US$3.40 at US$966.30 oz on the COMEX division of the . Spot Gold dipped to US$966.20 an ounce at 3:30 p.m. EDT from US$966.75 oz late in New York on Tuesday.

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This Market Rally is for Real and the “Big Money” is confirming it

August 5, 2009

The data is announcing that the side lined money, i.e. Pension managers and Mutual Fund houses have been among the biggest of the DJIA in recent weeks, confirming the growing belief the is over. Between July 14 and July 21, when the DJIA gained almost 600 pts to close at 8915, net buying by pension managers and mutual fund managers, the so-called “long-term” or “big” money managers, totaled US$1.9B, according to Thomson Reuters, who analyzed settlement records of the components.The following week, when the DJIA approached 9000, Pensions and Mutual Funds were net sellers but only at US$578M, while hedge funds were net of US$19M in stocks but not after selling US$166M the previous week, the settlement records showed. “There is some momentum lost among pensions and mutual fund , but the move is still generally positive,” Shacket said on Tuesday. “These are saying that this market is going to go higher, and not lower any time soon.” The move by these into stocks corroborates with economic data and that have been better than expected.

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It is Official: Indian economy likely to grow at 6.5 to 7%

August 4, 2009

The Planning Commission is expecting the economic growth rate to move up to 7% in the current fiscal year despite the monsoon casting its shadow on agricultural output, said an official on Tuesday. “I think economic growth during 2009-10 should be between 6.5 and 7% and it will be quite a good outcome,” Planning Commission Deputy Chairman Montek Singh Ahuwalia told reporters here. Noting that the recent pick-up in the industrial sector will have positive implications for growth in the current fiscal, he said, “On the agriculture side, the news is less good than what we hoped.” “There is still deficiency in different parts of the country. It is too early to tell its effect on the country as a whole. But of course individual states can have problems,” Ahluwalia said replying to questions on the impact of the bad monsoon on farm sector growth. Noting that growth projections of various think tanks vary between 6.7 and 7 percent, while some indicating more than 7% economic expansion, he said that this would not be bad under current circumstances. Having grown by over 9% in three consecutive years, economic growth slipped to 6.7% during 2008-09 fiscal year, mainly on account of the impact of the global financial crisis on the country.

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IMF says worst over for US economy

August 3, 2009

The sharp in the US economy is ending and recovery will come about slowly according to a report released by the International Fund () yesterday.

In an annual report on the world’s largest economy, stuck to its earlier forecasts that the US will contract by 2.6% in 2009 and then rise by 0.8% in 2010.

Due to the large and fiscal stimulus and wide range of measures to restore the financial stability, “the sharp fall in economic output seems to be ending, and confidence in financial stability has strengthened,” the said in its report after the Article IV annual consultation with US officials. However, “financial strains are still elevated and the outlook remains for only a gradual recovery, with risks still tilted to the downside,” it said.

Also on Friday, the US Commerce Department reported that the US economy fell at a more subdued 1.0% pace in the Y 2009 Q-2, a strong signal that the worst recession since the Great Depression has eased, and is coming to a close.

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Trader's Edge

Successful people share the same qualities and just because a man or a woman becomes a great athlete or great statesman does not always mean that he/she is also a good husband or father or a great trader.

The qualities that to me are the most important are; passion, discipline, focus, determination, a plan, patience, recognizing opportunity and acting on the opportunity, and giving back in some manner.

These qualities all contribute to and are likely to lead to success.

Remember you cannot trade well if you do not have a plan, fail to focus or try to force trades through impatience? Have you got what it takes?

Even if you know absolutely nothing about how to start making a living in the stock market, and want to learn how to do it, the first step is to learn from someone who knows how to do it successfully. The stock market is about success, and the lifestyle that comes with it, but it must be done carefully, both by picking the issues and in the trading of them, because one wants to make money doing it independently and without stress. A journey of a thousand miles begins with the first step (Confucius);

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Happy Trading, and remember that although Knowledge is Power, The rest is up to You! -Stock Preacher

Featured Contributor

Paul A. Ebeling, Jr

Paul A. Ebeling, Jr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices for the Stock Preacher. His report is a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world. Ebeling has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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