The Commodity Research Bureau's TrendTrader is Long across the board.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
U.S. Stock Market
December S&Ps this morning are trading little changed and down -0.30 points. The US stock market yesterday rallied right from the opening and finished sharply higher (Dow +1.47%, S&P 500 +1.75%, Nasdaq Composite +1.51%). The S&P 500 Index posted a 1-year high. Bullish factors included (1) carry-over support from a rally in overseas markets after Chinese exports in Sep posted their smallest decline this year, fueling optimism that the global economy is strengthening, (2) the better-than-expected Q3 earnings from Intel which boosted technology shares and its forecast for Q4 sales that surpassed projections by as much as $1 billion, which is bullish because Intel's better-than-expected numbers show one of the first major companies to report a more sustainable recovery instead of heavy cost-cutting, (3) the better-than-expected earnings from JPMorgan Chase which lifted financial companies, (4) the better-than-expected Sep US retail sales which strengthened retailers, and (5 ) the larger-than-expected decline in Aug US business inventories which posted their biggest monthly decline this year and have fallen for twelve straight months, which may prompt a pickup in production as the value of goods US businesses have on hand fell to $1.31 trillion, the lowest since Dec 2005.
Bearish factors included (1) comments from Fed Governor Tarullo that US banks face the risk of further "sizable" credit losses, and (2) the minutes of the Sep 22-23 FOMC meeting in which some Fed members were open to expanding the Fed's $1.25 trillion MBS purchase program to stimulate the economy on concerns that the recovery may fade.
Lazard Ltd. (LAZ) fell nearly 7% in European trading after the stock was downgraded to "market perform" from "outperform" at Oppenheomer because of the death of Chairman and CEO Bruce Wasserstein.
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CALL Jay: 312 506 8709
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
