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.

I hope you enjoy this video and thanks for subscribing!

All the best,

Jordi Perez

MarketSpaceTrading.com

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.

I hope you enjoy this video and thanks for subscribing!

All the best,

Jordi Perez

MarketSpaceTrading.com

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.

Sincerely,

Jordi Perez

MarketSpaceTrading.com

Symbol	Name	Open	High	Low	Last	Gain$	Gain%	Volume
DECK	DECKERS OUTDOOR CORP	115.090	121.482	114.060	120.750	+14.590	+13.74%	2,027,534
WAVX	WAVE SYSTEMS CORP CL A	3.4100	3.8500	3.4000	3.7782	+0.4182	+12.45%	2,063,878
MPET	MAGELLAN PETROLEUM	1.89	2.20	1.86	1.95	+0.21	+12.07%	1,751,198
UAUA	UAL CORP	15.640	17.280	15.640	17.175	+1.515	+9.67%	13,827,421
INSU	INSITUFORM TECHNOLOGIES CL A	23.90	24.94	23.80	24.61	+2.09	+9.28%	1,139,941
EDV	ENDEAVOUR MINING CAP CORP	2.14	2.32	2.03	2.28	+0.18	+8.57%	7,719,913
TUES	TUESDAY MORNING CORP	5.2800	5.8599	5.2700	5.7100	+0.3800	+7.13%	746,557
KFN	KKR FINANCIAL HOLDINGS	6.74	7.05	6.51	7.00	+0.44	+6.71%	2,274,869
MGLN	MAGELLAN HEALTH SERVICES	42.90	43.20	40.84	41.97	+2.46	+6.23%	1,105,751
MCGC	MCG CAPITAL CORP	4.9200	5.3700	4.8500	5.1499	+0.2899	+5.97%	1,342,173
JDSU	JDS UNIPHASE CORP	10.32	10.84	10.30	10.74	+0.48	+4.68%	9,343,506
LCC	US AIRWAYS GROUP INC	7.08	7.40	7.06	7.37	+0.29	+4.10%	8,174,990
CIT	CIT GROUP	34.97	36.97	34.92	36.42	+1.42	+4.06%	4,947,039
CSE	CAPITALSOURCE INC	5.35	5.60	5.32	5.50	+0.21	+3.97%	5,503,786
HT	HERSHA HOSPITALITY TRUST	4.10	4.25	4.04	4.14	+0.14	+3.50%	1,319,876
MYL	MYLAN INC	20.600	21.470	20.560	21.375	+0.675	+3.26%	12,327,438
AMR	AMR CORP	8.930	9.250	8.865	9.210	+0.280	+3.14%	20,174,471
LBTYA	LIBERTY GLOBAL INC CL A	26.05	27.26	25.93	26.87	+0.80	+3.07%	3,682,194
VPHM	VIROPHARMA INC	12.06	12.50	12.06	12.47	+0.37	+3.06%	1,088,486
MMR	MCMORAN EXPLORATION CO	16.8500	17.5000	16.6600	17.3681	+0.4981	+2.95%	3,597,152
LYV	LIVE NATION ENTERTAINMENT	12.30	12.95	12.00	12.95	+0.37	+2.94%	4,899,383
TRW	TRW AUTOMOTIVE HOLDINGS CORP	26.14	27.10	26.04	26.90	+0.76	+2.91%	2,201,827
RBI	RED BACK MINING INC	20.00	20.38	19.81	20.23	+0.48	+2.43%	2,558,664
LTXC	LTX-CREDENCE CORP	3.11	3.25	2.95	3.14	+0.07	+2.28%	2,047,107
BPO	BROOKFIELD PROPERTIES CORP	13.79	14.03	13.62	13.93	+0.31	+2.28%	4,194,697
NKE	NIKE INC CL B	66.40	67.85	66.23	67.65	+1.49	+2.25%	4,507,384
JBHT	JB HUNT TRANS SERVICES	34.81	35.50	34.73	35.44	+0.72	+2.07%	1,640,520
WFMI	WHOLE FOODS MARKET INC	35.31	36.04	34.96	35.86	+0.68	+1.93%	4,154,186
BIDU	BAIDU INC ADS	509.690	518.690	508.270	518.412	+9.542	+1.88%	1,029,723
BIG	BIG LOTS INC	32.98	33.82	32.90	33.51	+0.61	+1.85%	2,385,049
RCL	ROYAL CARIBBEAN CRUISES	27.47	28.47	27.30	28.30	+0.51	+1.84%	2,751,411
BLL	BALL CORP	53.710	54.280	53.330	54.105	+0.975	+1.84%	1,055,745
PWE	PENN WEST ENERGY TRUST	20.12	20.50	20.00	20.49	+0.35	+1.74%	1,933,725
SAI	SAIC INC	19.50	19.75	19.44	19.72	+0.33	+1.70%	6,382,216
CLM	CONSOLIDATED LUNDMARK IRON MIN	8.58	8.70	8.55	8.63	+0.14	+1.65%	472,969
CLF	CLIFFS NATURAL RESOURCES	55.75	56.46	54.63	56.38	+0.85	+1.53%	4,182,288
BPO	BROOKFIELD PROPERTY CORP	14.90	14.90	14.35	14.66	+0.17	+1.17%	1,758,294
CCL	CARNIVAL CORP	35.09	36.16	34.96	36.03	+0.37	+1.04%	4,591,402
CBL	CBL & ASSOC PROPERTIES	11.72	12.02	11.56	11.93	+0.12	+1.02%	1,328,641
PWT.UN	PENN WEST PETROLEUM LTD	21.30	21.57	21.10	21.55	+0.21	+0.98%	937,414
ESRX	EXPRESS SCRIPTS INC	95.19	96.42	94.50	96.13	+0.90	+0.95%	2,079,753
SWY	SAFEWAY INC	24.54	25.37	24.20	24.96	+0.23	+0.93%	8,903,750
VMW	VMWARE INC	49.20	49.73	48.37	49.53	+0.45	+0.92%	1,170,270
CREE	CREE INC	67.27	68.00	66.25	67.47	+0.51	+0.76%	3,027,089
RTN	RAYTHEON CO	56.35	56.86	55.99	56.27	+0.42	+0.75%	2,583,805
JCI	JOHNSON CONTROLS INC	31.03	31.49	30.82	31.18	+0.20	+0.65%	4,655,612
CAGC	CHINA AGRITECH INC	24.100	25.600	23.340	23.805	+0.135	+0.57%	1,717,853
WERN	WERNER ENTERPRISES INC	22.42	22.75	22.24	22.35	+0.11	+0.49%	1,148,832
CCE	COCA-COLA ENTERPRISES	25.15	25.78	25.15	25.58	+0.10	+0.39%	14,731,020
XLY	SPDR CONSUMER DISCRETIONARY SECURITY ETF	30.43	30.60	30.30	30.56	+0.09	+0.30%	4,753,564
PFF	iShares S&P US PR ETF	38.12	38.26	38.10	38.24	+0.11	+0.29%	1,069,591
OMX	OFFICEMAX INC	15.88	16.15	15.78	16.02	+0.04	+0.25%	1,033,280
DDR	DEVELOPERS DIVERSIFIED	10.70	10.79	10.57	10.61	-0.02	-0.19%	5,974,602

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.

Enjoy this informative video and thanks for subscribing!

Sincerely,

Jordi Perez

MarketSpaceTrading.com

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.

Click here to subscribe to my feed.

Stay tuned and thanks for reading,

Jordi Perez

MarketSpaceTrading.com

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.

Let me know if it works as well for you as it has for me! Stay tuned and thanks for reading.

Sincerely,

Jordi Perez

MarketSpaceTrading.com

Symbol	Name	Open	High	Low	Last	Gain$	Gain%	Volume
VHC	VIRNETX HOLDING CORP	5.32	5.98	5.10	5.36	+0.27	+5.09%	1,450,096
BJS	BJ SERVICES CO	21.96	22.24	21.93	22.14	+0.08	+0.36%	6,443,348
CREE	CREE INC	64.42	67.08	64.42	66.31	+1.24	+1.87%	3,054,566
ARUN	ARUBA NETWORKS INC	11.54	12.74	11.50	12.20	+1.29	+10.59%	8,973,432
SHPGY	SHIRE PLC ADS	64.92	65.00	62.89	63.94	+2.98	+4.67%	2,071,927
PWE	PENN WEST ENERGY TRUST	19.14	19.68	19.14	19.58	+0.20	+1.02%	2,257,329
ALTR	ALTERA CORP	23.70	24.00	23.57	23.85	+0.09	+0.38%	5,875,453
CY	CYPRESS SEMICONDUCTOR CORP	11.80	12.46	11.78	12.31	+0.40	+3.25%	7,094,020
CVG	CONVERGYS CORP	12.40	12.76	12.32	12.54	+0.16	+1.28%	1,276,963
ARG	AIRGAS INC	62.90	65.53	62.90	63.58	+0.45	+0.71%	2,317,631
FL	FOOT LOCKER INC	12.73	12.97	12.67	12.83	+0.10	+0.78%	1,807,878
XLNX	XILINX INC	25.37	25.85	25.33	25.73	+0.21	+0.82%	5,141,797
BRK.B	BERKSHIRE HATHAWAY CL B	76.72	79.35	76.50	78.79	+2.15	+2.73%	23,977,339
BHI	BAKER HUGHES INC	48.35	49.17	48.35	48.89	+0.24	+0.49%	5,956,746
PWT.UN	PENN WEST PETROLEUM LTD	20.10	20.52	20.08	20.39	+0.17	+0.83%	1,027,199
HNZ	HJ HEINZ CO	45.63	46.16	45.49	46.01	+0.29	+0.63%	1,892,879
SWY	SAFEWAY INC	23.30	23.90	23.24	23.80	+0.35	+1.47%	6,608,991
EMR	EMERSON ELECTRIC CO	47.72	48.14	47.39	48.10	+0.37	+0.77%	5,008,672
BIIB	BIOGEN IDEC INC	55.86	56.99	55.49	56.63	+0.65	+1.15%	2,988,968
PG	PROCTER & GAMBLE CO (THE)	63.16	63.74	63.02	63.47	+0.08	+0.13%	9,514,186
XEC	CIMAREX ENERGY	58.67	60.35	58.65	59.99	+1.25	+2.08%	1,421,737
UNX	UNIVERSAL POWER CO	1.56	1.85	1.51	1.85	+0.27	+14.59%	1,037,216
HUN	HUNTSMAN CORP	12.73	13.32	12.65	13.16	+0.79	+6.00%	7,142,106
TEL	TYCO ELECTRONICS	26.09	26.73	26.01	26.40	+0.23	+0.87%	2,062,946
CXO	CONCHO RESOURCES INC	47.16	48.31	47.16	47.75	+0.23	+0.48%	687,558
INTU	INTUIT INC	32.29	33.15	32.20	32.72	+2.40	+7.33%	9,689,963
WBMD	WEBMD HEALTH CORP CL A	41.60	42.30	40.86	41.76	+2.50	+5.99%	2,601,024
NFLX	NETFLIX INC	65.9000	67.0701	65.5300	66.6500	+0.5500	+0.83%	1,233,922
ARN	ARCAN RESOURCES LTD	2.40	2.84	2.37	2.81	+0.68	+24.20%	2,653,865
SII	SMITH INTL INC	38.00	38.16	36.95	37.70	+4.35	+11.54%	42,749,780	16:21
BIDU	BAIDU INC ADS	496.5100	500.3500	493.6000	500.0836	+2.4796	+0.50%	1,093,579
GD	GENERAL DYNAMICS CORP	71.78	73.10	71.43	72.59	+0.81	+1.12%	2,386,690
GIS	GENERAL MILLS INC	71.81	72.47	71.70	72.34	+0.31	+0.43%	1,405,841
ATLS	ATLAS ENERGY INC	33.17	33.72	33.13	33.44	+0.03	+0.09%	1,038,847
HSIC	HENRY SCHEIN INC	57.1500	57.2925	56.8600	57.2000	+0.1000	+0.17%	1,084,979
RTN	RAYTHEON CO	55.30	55.65	54.96	55.52	+0.16	+0.29%	3,140,607
NU	NORTHEAST UTIL	26.16	26.72	26.09	26.66	+0.52	+1.95%	1,274,596
CAG	CONAGRA FOODS	24.21	24.70	24.10	24.63	+0.37	+1.50%	4,905,642
ROP	ROPER INDUSTRIES INC	54.71	56.11	54.61	55.49	+0.65	+1.17%	1,122,979
DNDN	DENDREON CORP	31.96	32.68	31.80	32.34	+0.33	+1.02%	3,048,188
BA	BOEING CO (THE)	62.76	64.34	62.65	63.55	+0.66	+1.04%	7,162,265
BIG	BIG LOTS INC	31.20	31.45	31.09	31.34	+0.06	+0.19%	717,566
COST	COSTCO WHOLESALE CORP	60.90	61.36	60.66	61.10	+0.14	+0.23%	2,331,877
SLE	SARA LEE CORP	13.88	14.00	13.79	13.95	+0.06	+0.43%	8,084,837
NETL	NETLOGIC MICROSYSTEMS	54.01	54.62	53.61	54.54	+0.18	+0.33%	622,613
BPO	BROOKFIELD PROPERTIES CORP	13.12	13.36	12.94	13.34	+0.13	+0.97%	2,258,773
PRGO	PERRIGO CO	49.21	50.16	49.15	49.84	+0.64	+1.28%	1,176,050
SHAW	SHAW GROUP INC (THE)	34.95	35.95	34.58	35.68	+0.72	+2.02%	1,097,169
TWC	TIME WARNER CABLE	46.28	47.22	45.96	46.85	+0.35	+0.75%	2,278,234
CMI	CUMMINS INC	57.07	58.63	56.89	57.88	+0.39	+0.67%	1,842,947
DAY.UN	DAYLIGHT RESOURCES TRUST	11.30	11.50	11.26	11.46	+0.13	+1.13%	1,039,268
SHW	SHERWIN-WILLIAMS	65.16	65.64	64.80	65.31	+0.08	+0.12%	719,005
LTD	LTD BRANDS INC	21.20	21.48	21.17	21.38	+0.04	+0.19%	2,763,764
VSH	VISHAY INTERTECH CL COMMON	10.290	10.605	10.160	10.340	+0.010	+0.10%	2,103,901
LLL	L-3 COMMUNICATIONS HOLDINGS	89.85	90.73	89.39	90.25	+0.40	+0.44%	1,197,811
ROK	ROCKWELL AUTOMATION	53.45	54.52	53.29	54.25	+0.47	+0.87%	1,138,955
TSN	TYSON FOODS INC	16.81	17.07	16.74	16.93	+0.03	+0.18%	6,619,152
RVBD	RIVERBED TECH INC	26.7600	27.5400	26.3101	27.2300	+0.2000	+0.73%	1,321,619
LYV	LIVE NATION ENTERTAINMENT	12.14	12.39	12.05	12.27	+0.12	+0.98%	3,487,470
AON	AON CORP	40.23	40.70	40.00	40.50	+0.23	+0.57%	1,685,649
CSE	CAPITALSOURCE INC	5.16	5.54	5.13	5.46	+0.30	+5.48%	5,483,610
VTR	VENTAS INC	45.30	45.51	44.77	45.00	+0.04	+0.09%	1,496,808
SFY	SWIFT ENERGY CO	29.33	30.53	29.00	29.92	+0.94	+3.14%	1,252,082
RNWK	REALNETWORKS INC	4.66	4.86	4.66	4.84	+0.32	+6.60%	1,779,033
ZNT	ZENITH NATIONAL INSURANCE CORP	37.83	38.00	37.81	37.97	+0.10	+0.26%	3,608,752
SAPE	SAPIENT CORP	8.59	9.50	8.52	9.09	+0.73	+8.01%	5,190,083
WSH	WILLIS GROUP HOLDINGS	28.17	28.84	28.10	28.62	+0.44	+1.53%	845,935
TASR	TASER INTL INC	6.85	7.34	6.82	7.13	+0.55	+7.69%	5,189,836
CAGC	CHINA AGRITECH INC	20.29	23.00	19.80	22.70	+1.95	+8.56%	1,895,003
NR	NEWPARK RESOURCES INC	4.43	5.15	4.43	4.99	+0.71	+14.17%	2,284,439
MHR	MAGNUM HUNTER RESOURCES	2.66	2.84	2.56	2.79	+0.07	+2.48%	1,190,306

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

United States Oil Fund LP (ETF) (NYSE:USO)

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The next flag came when I noticed the suprisingly large number of surging stocks. My market scans were only able to pick up a few dozen or so a couple of weeks ago and now I barely have time to go through them all!

The NASDAQ, tracked by the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ) appears to have broken out of it’s downward channel. Strong earnings from HP shouSee the chart below:

PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ)

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The Dow Industrials and the S&P 500 are also break out of their down channels. Strong earnings from heavy weights like Bank of America Corp (NYSE:BAC) and Hewlett-Packard (NYSE:HPQ) boosted the markets and helped drive some of the fear out, for now. The charts below show the Diamonds Trust, Series 1 (ETF) (NYSE:DIA) which tracks the Dow Jones Industrials and the SPDR S&P 500 ETF (Public, NYSE:SPY) which tracks the S&P 500.

Diamonds Trust, Series 1 (ETF) (NYSE:DIA)

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

Charting Tools Powered by MarketClub

One surprise for me was the US Dollar which I forecasted to drop from here but has actually gaped up! Although this move was unexpected, I do not believe that it will continue. The USD has moved opposite to the markets and commodities for some time now. This could be a temporary divergence or the flee to safety from other, uglier foreign currencies amid sovereign debt worries.

US Dollar Index

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There could be some volatility but I expect the next leg up to have already begun. I will continue to buy strong stocks on dips as I have been doing. 3 of my stocks have hit 52 Week highs recently, including Tyson Foods, Inc. (NYSE:TSN), American Oil & Gas Inc. (AMEX:AEZ) and Integrated Silicon Solution, Inc. (NASDAQ:ISSI).

I strongly recommend attending this free webinar event called the “Perfect Portfolio”, which talks about building a portfolio with ETFs and making very good returns. Sign-up now.

Stay tuned and thanks for reading,

Jordi Perez

MarketSpaceTrading.com

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

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

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