U.S. economy slows in first quarter as consumer spending brakes sharply

U.S. economy slows in first quarter as consumer spending brakes sharply

In the News, US Economy
WASHINGTON, April 27 (Reuters) - The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product increased at a 2.3 percent annual rate, the Commerce Department said in its snapshot of first-quarter GDP on Friday, also held back by a moderation in business spending on equipment and investment in homebuilding. The economy grew at a 2.9 percent pace in the fourth quarter. Economists polled by Reuters had forecast output rising at a 2.0 percent rate in the January-March period. The first-quarter growth pace is, however, probably not a true reflection of the economy, despite the weakness in consumer spending. First-quarter…
Read More
Twitter, tech stocks hit as Wall Street turns lower

Twitter, tech stocks hit as Wall Street turns lower

In the News
(Reuters) - U.S. stocks headed lower on Wednesday with technology bearing the brunt of falls soon after opening as investors worried over rising bond yields, corporate costs and rising trade tensions with China. Shares of the world’s biggest plane maker, rose 1.65 percent and provided some support to the Dow Jones Industrial Average index after it reported a higher-than-expected quarterly profit and raised full-year forecast for earnings and cash flow. The yield on 10-year U.S. Treasury notes, the benchmark for global interest rates, held above 3 percent after crossing the level for the first time in four years on Tuesday, stoking concerns about higher borrowing rates for companies. The Wall Street Journal also reported the U.S. Department of Justice has opened a criminal investigation into Chinese tech company Huawei Technologies…
Read More
S&P500 Broke Through Short Term Resistance!

S&P500 Broke Through Short Term Resistance!

Market Trends
Today the S&P500 broke through short term resistance despite the news on the China and U.S. tariff trade war. From the chart below we can see the constant lower highs and today broke through the resistance channel. I believe it will be a bumpy ride for the coming months but the S&P500 will eventually get back up to the old high set in January 2018. However I believe that once the market reaches the high it will fail and we will start falling into a market correction. These market corrections last a few years and the total loss from the high is typically 50%. To find out were the market crash is likely to occur and what to do to protect your pension and other stock investments sign up to…
Read More
2018 Market Crash Warning

2018 Market Crash Warning

About the Book, Market Trends, US Economy
This year is a very important year and it's important to know which side to be on when the stock market turns! In March 24th 2000 the stock market peaked before the the bubble burst, known as the dot.com bubble, in one of the worst market corrections in decades, some companies, such as Pets.com and Webvan, failed completely and shut down. Others, such as Cisco, whose stock declined by 86%, and Qualcomm, lost a large portion of their market capitalization but survived, and some companies, such as eBay and Amazon.com. The S&P 500 eventually bottomed out at on October 10th 2002 to 769 that was a 51% drop from the high in a matter of two and a half years. In October 11th 2007 the stock market again peaked and…
Read More

Nice Pullback on the S&P500

Market Trends
$SPX $SPY $SPXL Nice healthy pull back wait to see where support is formed before buying in.   Buy your copy now and discover the pattern for yourself! Select Print Type: Paperback (Black & White Only) $14.95 USD Paperback (Full Color) $64.95 USD Save a tree? Buy an ebook copy instead at the follow outlets  
Read More
Gold Rush Done, Now what?

Gold Rush Done, Now what?

Market Trends
As mentioned in my book gold does well in the first few weeks of the year. So How did I do this year? Overall from the trades I made about a 10% return, which was ok, I would have expected a better return on this one. Things for me to take away with is when it aggressively rallied (which it did 3 times) I should have just sold out and let it pull back to buy in again. But I didn't want to play around with this too much I just wanted it to take it's course. The blue arrows indicate where I bought the pink arrows where I sold or where my stoploss triggered. [caption id="attachment_3628" align="alignnone" width="1170"] NUGT (gold) Daily[/caption] Yesterdays FOMC (Federal Open Market Committee) meeting announced…
Read More
NUGT Found NEW Support Time To Be Bullish again!

NUGT Found NEW Support Time To Be Bullish again!

Market Trends
NUGT is one of my favorite trades! It’s a short-term trade that lasts about 6-7 weeks with a return of about 50-65%. I have been in a position since 12/26/17 at around $25.92 and it pulled back quite a bit this week but is still in the channel (see chart Below) but now shows early signs of support and I have adjusted my stop loss just below the new support today. The one thing I like about this trade is that is has given me a 100% rate of success, and you can see more details of the stats for this ETF in my book. The Federal Open Market Committee (FOMC) had already announced that interest rates will go up in 2018. And their next meeting is set for 30-31st…
Read More

2018 Edition Out Now!

About the Book
New Edition Out Now! About the book In his highly debated book centered on investment, M.G. Roberts challenges the traditional principles of “buy and hold” by adopting a different concept. He unlocks the patterns and trends to be adopted to surpass the S&P 500 by 100%. With an easy-to-use, step-by-step instructions backed up by extensive research and data, on when to buy, when to sell and how to outperform the market, this is a must read for any stock trader. Provided in this book are 41 strategies enhanced with tables and charts displaying the probability of best buy and sell situations and also the probabilities of success based on available records. Current Statics 100% Back Tested! 41 Amazing Strategies! 76.5% Probability of Success! 24.4% Average Yearly Gains! Who this book…
Read More