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Daily Commentary

Presented by Gareth Solowa Swing Trading Millionaire Someone, most likely an insitutions picked up over seven-million shares of DryShips Inc. (NASDAQ:DRYS) around the $2.00 level today. This equates to around $15 million in stock or just under 2% of the company. This was a monster buy. The interesting aspect of this trade is multi-fold. First, the size is somewhat alarming.…

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Presented by Nick Santiago Swing Trading Millionaire It was the legendary trader Jesse Livermore who said, “there is only one side of the market and it is not the bull side or the bear side, but the right side.” In other words, Mr. Livermore was not picking sides or teams when it came to trading. Too often traders and investors…

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Presented by Nick Santiago Swing Trading Millionaire This morning, the leading gold mining stocks are trading higher at the start of the trading session. This important industry group has been rebounding higher since late June 2013. Traders that want to track the entire gold mining sector can follow the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading…

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Presented by Nick Santiago Swing Trading Millionaire One popular stock that many seasoned traders like to follow is General Electric Co (NYSE:GE). In the past, this stock was often viewed as a leading indicator for its diversity in numerous products and business’s. Today, the highly followed stock is declining lower by 0.20 cents to $23.65 […]

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Presented by Nick Santiago Swing Trading Millionaire Nearly every trading session over the past month the major stock indexes have dipped in the first 90 minutes of the day, only to rally back throughout the lunch hour and often into the close. Today, the major stock indexes are plunging sharply lower at the start of the trading session. Will this…

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Presented by Gareth Soloway Swing Trading Millionaire Tesla Motors Inc (NASDAQ:TSLA) is dropping over 5% on the day. The company is set to report earnings after the market closes today. In 2013, the stock has soared almost 500%, hitting an all time high on Monday of $145.73. So why today is the stock dropping sharply before earnings? Speculation has to…

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These days, new oil is being found and produced in deep ocean waters, sands, and shale that requires constant drilling to keep flow rates steady. Drillers are making expensive technological leaps to get to hard to reach, unconventional oil. Shell just wrote down the value of its North American shale assets by more than $2 billion after taxes, “highlighting the…

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Presented by Nick Santiago Swing Trading Millionaire Almost every major stock market advance in the past 100 years has led to some type of stock market bubble. The last great bubble was in 2007, this bubble formed primarily in the credit and housing sectors. At that time, people were flipping homes, borrowing from banks without showing documentation of income, and…

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Since yesterdays highly anticipated FOMC meeting the major stock indexes are soaring. As you all know, the Federal Reserve said that they will continue their current $85 billion a month QE-3 program. The current QE-3 program is where the central bank buys $45 billion in mortgage backed securities (MBS) and another $40 billion in U.S. Treasuries every month. The Federal…

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All of the leading financial stocks are trading sharply higher this morning. Later this afternoon, the Federal Open Market Committee (FOMC) will release its monetary policy statement for the United States. The giant financial stocks have been the largest beneficiaries from the central bank’s actions since 2009. Traders will want to follow J.P. Morgan Chase & Co (NYSE:JPM) very closely…

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Today, most of the leading transportation stocks are catching a bid sharply higher. This is very evident by looking at the iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) which is trading higher by 41.38 to $116.01. Day traders should watch for intra-day resistance on the IYT around the $116.22, and $116.82 levels. The daily chart of the IYT still has…

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“Nobody really understands gold prices and I don’t pretend to understand them either.” – Ben Bernanke, Senate Banking Committee hearing He may not grasp the intricacies of gold. But I do… Since buying gold at $650 just a few short years ago, I’ve successfully called many of the yellow metal’s major turning points. I’ll explain… ————— Suddenly, every one is…

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