The Latest Stock Market Update from MarketSpace - Business News, Stock Market Analysis & Financial Advice

Hi Traders,

As mentioned in previous articles, there are several key levels to watch for in the markets which, if broken, could lead to very steep declines across all equity indices. While the long-term trend remains intact, investors have to be cautious and prepared for a dip from these lofty heights. This video explains the trends and reiterates the crucial support levels to watch out for.

DOW Jones Industrials Index,

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NASDAQ,

S&P 500

Tuesday

02Mar2010

Forex,

Euro Crash Further Against The Dollar? EUR/USD Analysis Video

Hi Traders,

There is no doubt that the debt crisis in Europe is potentially only the beginning of much more severe sovereign debt problems to come. The macro-economic view of the global economy implies that many countries will follow Dubai, Greece, Spain and Portugal because the real Global Economic Recovery is not taking place swiftly enough to counter the massive spending and deficits incurred by the financial crisis.

The Euro has come under a lot of pressure since December and the longer-term economic prospects for the European Currency show little signs of improvement. But alas, we traders are also keeping our eyes peeled for short-term opportunities and it looks like there could be some interesting price action soon.

Here is a video that I would like to share with you showing a possible short-term bounce in the EUR/USD cross based on technical analysis. This video shows the key Fibonnaci retracement levels which, in conjuction with positive MACD patterns show that the EUR/USD pair has reached a strong support level. If you have been short this pair, it looks like this is a good time to exit your short positions and I am considering potentially going long to catch this bounce.

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Technical Analysis,

Technical Analysis Video

Friday

26Feb2010

Equities

Stock Market Update and Friday's 52-Week Highs, Feb 26th

Hi Traders,

TGIF indeed and I can’t wait to hit the slopes! With the last trading day of February behind us, this month has been interesting, to say the least. Crude Oil settled near $80 a barrel after some considerable volatility, while some disappointing news from the financial sector dragged down some bank stocks. The overall markets have also been swinging back and forth from the brink of a deeper correction, but have so far only succeeded in confusing the hell out of most investors.

Since it’s Friday, I’m giving you an update on stocks to watch for the 52-Week High on Friday Rule. Here is a list of stocks to keep an eye on that hit 52-week highs today with average volume and open interest above 1 Million shares:

Stay tuned and thanks for reading.

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Tech Stocks,

Technical Analysis

Thursday

25Feb2010

Commodities,

Crucial Update on Gold And Why It Could Sink Lower From Here

Hi Traders,

The markets are still choppy and although I think that we will soon begin the next leg up, we are not out of the woods yet. There has been some important price action in Gold in over the past few weeks and I want to share this video update with you.

A quick chart and cyclical analysis of Gold and what I like about this is the added use of the Donchian Channel Indicator which similar to Bollinger Bands. If you want to trade Gold with ETFs, try the SPDR Gold Trust ETF (NYSE:GLD) which tracks the price of Gold.

If some of these terms confuse you, consider taking this Free Trading Course.

SPDR Gold Trust ETF (NYSE:GLD)

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Gold,

Gold ETF,

Gold Trading,

Tuesday

23Feb2010

Commodities,

Video: Taking a Look at Silver

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Hi Traders,

Here’s a quick video on Silver which I wanted to share with you. Something that I find interesting with silver is the fact that traders often associate silver with gold and expect the prices to move in sync. The fact is, the price of gold is much more stable than silver and is considered a safe-haven investment whereas the price of silver is much more volatile. What drives the price of silver can be very different from what drives the price of gold. I hope you enjoy the video and let me know what you think of it by leaving a comment below.

Stay tuned and thanks for reading,

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Gold,

Silver

Saturday

20Feb2010

Equities,

Friday's 52-Week Highs

Hi Traders,

Here is a list of of stocks that hit new 52-week highs on Friday with an average daily volume and open interest greater than 1 million shares. The reason I only mention the 52-week highs made on Friday is because there is a technique called the “52-week high on Friday rule” which I heard of recently. I’ve since added this technique to my own trading methods and I will be sharing reports like these with MarketSpace Trading subscribers. If you want to learn about this technique, watch this video: The 52-Week High on Friday Rule.

Technical Analysis Videos

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Swing Trading,

Friday

19Feb2010

ETFs,

Equities,

Forex

Markets Are Giving Critical Signals

Hi Traders,

I’m really starting to get impatient with Canadian winter. At it’s peak, the sun sets at 4:00 PM and it can get as cold as -30 Celcius or -22 Farenheit… But I’ve finally seen some signs of spring like above-freezing temperature and sunsets at 5:30! Something only Canadians can get excited about I guess. This uptick in the weather comes at the same time that I’ve noticed an uptick in the markets.

The first glimmer of hope was at the beginning of the month, when I saw crude oil beginning to bottom. My February 1st article on a short-term bottom in crude oil. There has been a lot of fear in the makets lately and prices tend to dip further than expected in these conditions. Sure enough, crude oil is breaking it’s downtrend and bouncing back on it’s way to $100 a barrel. The chart below shows the United States Oil Fund LP (ETF) (NYSE:USO), an exchange-traded fund that tracks the price of oil. Another favorite leveraged oil ETF of mine is

Bank of America Corp (NYSE:BAC),

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Hewlett-Packard Company (NYSE:HPQ),

Oil ETF,

PowerShares QQQ Trust,

Proshares Ultra Oil & Gas ETF (NYSE:DIG),

SPDR S&P 500 ETF (NYSE:SPY),

Series 1 (ETF) (NASDAQ:QQQQ),

US Dollar Index ($USD),

United States Oil Fund LP (NYSE:USO)

Thursday

18Feb2010

ETFs,

Sign-up for the "Perfect Portfolio" Webinar Event this Friday!

Sign-up for this free webinar event.

Hi Traders,

On Friday, Adam is going to go into detail about this hypothetical portfolio and it’s conservative strategy. This set-up is “perfect” for those of us who don’t want to look at our brokerage accounts every day. The “Perfect Portfolio” covers 4 ETF’s and Adam will look at each and also cover the strategy used to trade them. In order to register for this free web seminar which is available to all readers, simply visit below.

Free Webinar Registration Link

Sincerely,

Jordi Perez

MarketSpaceTrading.com

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ETF trading,

Trading Webinar

Wednesday

17Feb2010

Commodities,

Video: 5 Reasons Gold Will Not Make New Highs Right Away

Hi Traders,

I want to share this very interesting video about Gold with you. This video shows simple cyclical analysis of the price of Gold over the past couple of years and the pattern that is identified is surprisingly consistent. If you are still reading this sentence, then you are missing the video! Please recommend this to your smart friends!

Sincerely,

Jordi Perez

MarketSpaceTrading.com

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Technical Analysis Video

Tuesday

16Feb2010

Personal Finance,

World Markets

Canada Tightens Mortgage Standards Fearing Housing Bubble

Hi Everyone,

Canadian finance minister Jim Flaherty, announced today some changes to mortgage lending standards. Borrowers must now meet the 5-year fixed-rate mortgage standards regardless of whether they are seeking a shorter term or a lower rate. The maximum amount that can be withdrawn for refinancing has been changed to 90% from 95%. To further impede a potential housing bubble, 20% down payments are now required for government-backed mortgage insurance on investment properties.

This is in response to soaring real estate prices over the past 5 years, largely due to a rise in investment property acquisitions. The 2007 housing bubble bust in the United States was largely due to purchases of second or even third houses, fueled by low rates and loose standards.

Canada is known for it’s conservative fiscal and monetary policies as well as sound banking practices. During the global financial meltdown of 2008, no Canadian banks required a bailout.

Thanks for reading and stay tuned,

Jordi Perez

MarketSpaceTrading.com

Canadian Mortgage Standards,

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Canada,

Canadian Real Estate

Monday

15Feb2010

Equities

NASDAQ:GRMN, Garmin's Future Looking Bleak?

Hi Traders,

I’ve heard a lot of people talking about Garmin Ltd (NASDAQ:GRMN) and each analyst seems to have a different opinion on where the stock is headed. The company has been struggling for the past few years and the business could see some harder times ahead. Question is, how will the stock react?

The OEM GPS market, the units that come built-in from the factory, will continue to grow but the aftermarket consumer units are where the money is. More cars are coming with built-in GPS and smartphones are also coming equipped with GPS capabilty. OEM GPS unit sales depend on auto sales and do not have the same profit margins as the retail units. The consumer GPS retail market is shrinking quickly and Garmin is unlikely to remain competitive. The chart below shows how investors see GRMN.

Garmin Ltd (NASDAQ:GRMN),

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Tech Stocks,

Technical Analysis

Sunday

14Feb2010

Forex

US Dollar Rally Ending Soon?

Hi Traders,

Happy Valentine’s Day and I hope everyone in the US will enjoy the long weekend. I am fortunate to not have been hit by the huge snow storm in the north-eastern states, although it is extremely cold here in Montreal.

I just wanted to share an interesting signal that the US Dollar is giving right now. As mentioned in previous Forex articles, the US Dollar has rallied considerably since December and now looks like it could begin heading back down. Using my swing trading technique of hidden MACD divergence, the chart below shows that there is underlying weakness in the recent highs of the USD.

Charting Tools Provided by MarketClubThe chart above shows that the US Dollar is making new short-term highs. The two most recent peaks on the candlestick chart are matched with two peaks in the MACD indicator below the chart. Note that although the USD is making new highs, the MACD is not going above it’s previous highs. This is bearish and usually marks a trend reversal.

This is highly speculative and although this technique works well, I do not recommend making any unwise trades and betting the farm on this. It is far more prudent to wait for confirmation before making any big moves. After confirmation, marked by a Red “Trade Triangle” on the MarketClub charts, is the safest time to go long again.

If the USD does indeed reverse to the downside, we will see the next leg up in Equities and Commodities. See my previous post for some stocks that have been performing well recently and could be interesting to get in on the dips.

Stay tuned and thanks for reading,

Jordi Perez

MarketSpaceTrading.com