I have been trading the markets long enough to know that there are no secrets to trading, only a focused discipline grounded in patience and self trust. If you are looking for me to reveal the secret to making a fortune in the stock market you will be disappointed.
In the meantime, while listening to a local radio station in MO, I was provided some interesting websites to visit, both of which claim to shed some light on when our “recession” may end.
The annual reconstitution is a process wherein the Russell indexes are completely rebuilt to ensure that all market segments are accurately represented. This rebuilding affects the Russell Global, Russell 3000, Russell 1000, Russell 2000, Russell Midcap, and Russell Microcap indexes.
As before, I would suggest you contact Charles Nenner Research via this CONTACT link. Mention THE CROSSHAIRS TRADER in the MESSAGE SECTION and in the follow up phone call. You could receive a FREE TRIAL of the Charles Nenner Newsletter.
The S&P 500 broke out above its 200 SMA (TANKS) today to join the NASDAQ. The DOW tapped its 2oo TANKS intraday and then pulled back. The move by the S&P was its first move above the 200 TANKS in 359 trading days! This on a day when GM declares bankruptcy.
Mr. Nenner recently mentioned that he believes we are heading back to the lows reached earlier this year. He even indicated that the S&P could go as low as 260! Can you elaborate?
This past week the stock market took a noticeable break from its two month run. As expected there are many opinions about the next market move. Let’s take a look at a few of these opinions along with THE CROSSHAIRS TRADER charts. WE NEED A NEW CATALYST… “After a two-month surge that saw [...]
CRUDE OIL had a draw of 4629K. Consensus was for a build of 1000K. BULLISH (AND WAY OFF THE CONSENSUS!) GASOLINE had a draw of 4154K. Consensus was for unchanged. BULLISH (AND WAY OFF FROM THE CONSENSUS!) DISTILLATE had a build of 922K. Concensus was for a build of 1250K. BEARISH (AND CLOSE TO THE CONSENSUS!) BULLISH numbers except for distillates, which is bearish. [...]
Now that May is here (where has the year gone?), it is time for one of the most legendary Wall Street axioms to take center stage. Here are just a few recent stabs (and a few links) at the statistics. Is it Fact or Fallacy? It seems the axiom “sell in May and go [...]
CRUDE OIL had a build of 749K. Consensus was for a build of 250k. GASOLINE had a draw of 2993K. Consensus was for a draw of 1000K. DISTILLATE had a build of 2108K. Concensus was for a build of 200K. The so-called consensus did pretty good estimating the OIL numbers, but the GASOLINE [...]
