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Tuesday, September 20, 2011

Dollar: How will the Greenback React to the Fed Decision? Euro Takes a Fundamental Hammering but Price Still Holding British Pound Traders Look to BoE Minutes for Rate Outlook Swiss Franc Dives on Speculation SNB Moving EURCHF Floor to 1.25 Japanese Yen Sees Volatility Explode in Asian Session – Intervention? Australian Dollar Traders Refuse to Absorb RBA’s Rate Commentary Gold …

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Macro Millionaire, my innovative trade mentoring program, punched through to a new year to date return of 39.15%. Suring the same time period, which began on December 1, 2010, the S&P 500 posted a paltry 2% gain. Since the August 8 low in the stock market, I have closed ten consecutive profitable trades in the S&P 500 (SPY), the United…

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Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Orlando, Florida on Thursday, November 10, 2011. An excellent meal will be followed by a wide ranging discussion and an open ended question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies, commodities,…

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Investors_Brace_for_Bernanke-_Dollar_Index_Drifts_Ahead_of_FOMC_body_Picture_2.png, Investors Brace for Bernanke- Dollar Index Drifts Ahead of FOMC Investors_Brace_for_Bernanke-_Dollar_Index_Drifts_Ahead_of_FOMC_body_Picture_3.png, Investors Brace for Bernanke- Dollar Index Drifts Ahead of FOMC The greenback was marginally higher at the close of North America trade with the Dow Jones FXCM Dollar Index (Ticker: USDollar) advancing 0.13% on the session. The move comes on the back of an extremely volatile day in equities that saw a late-day sell-off erase substantial gains in the major indices. The Dow was able to stay afloat with a …

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Within the financial sector there have only been two places to put money to work and one of them has been the group of Pay Day lenders, Cash America international ($CSH), EZCORP ($EZPW) and First Cash Financial Services ($FCFS). But these stocks are starting to show signs of tiring and a possible pullback. A good sign if you have missed…

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This exact article was released before the market opened this morning to premium users. Oracle, $ORCL, reports earnings after the market closes on Tuesday. This stock has had a rough few months. Take a look at the chart below for $ORCL on a daily timeframe. The big Head and Shoulders top is prominent and played out to a target below…

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Fundamental Headlines • U.S. Housing Starts Fall to Three-Month Low – Bloomberg • Bank of China Halts FX Swaps with some European Banks – Reuters • Italy Credit Downgraded, French Banks Pressured – Reuters • More EU Banks ‘May Need’ Recapitalization – WSJ • SEC Probes Trades Ahead of S&P Cut to U.S. Rating – WSJ European Session Summary Despite …

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Gold has a technical relationship with many other market segments. Looking at its relationship with US Treasuries it s now at a critical juncture. Below is a ratio chart of the SPDR Gold Trust ($GLD) against the iShares Barclays 20+ Year Treasury Bond Fund ($TLT). Notice how this ratio has been in a range between 1.51 and 1.67 since April.…

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Even though yesterday was a down day, if you were involved in a few Nasdaq 100 stocks and a couple of other big caps, it was a great day.  $AAPL, $AMZN, $CMG, $WYNN, $MAKO (small cap) made the market seemed like it was up for the day.  However, the Nasdaq and the NYSE together had 1262 advancing stocks compared to…

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Talking Points Crude Oil Bounce with Risk Appetite Likely to Prove Temporary Gold, Silver Outlook Hinges on Wednesday’s FOMC Announcement WTI Crude Oil (NY Close): $85.70 // -2.26 // -2.57% Crude prices remain closely correlated to the S&P 500, with strong gains in futures tracking the benchmark stock index ahead of the opening bell on Wall Street corresponding with gains …

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Markets are showing some resilience this morning after yesterday’s selloff and recovery.  Expect more of the same until the SP500 can close successfully above the 8/31 high of 1230.71.  The Qs continue to lead and may be challenging the summer highs by the time the SP500 reaches resistance at 1250 to 1260. Markets are doing a great job of generating…

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Nilus Mattive
Last week’s column on how Washington’s latest jobs plan could further impact our already-ailing Social Security program got a lot of great comments from readers. For example, here’s what Tom Brown wrote: “To be fair to the Obama administration, I found on the White House website some fine print that claims there will be no impact on Social Security reserves…

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