Chart To Watch

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Starbucks (SBUX)

Last week we were looking at the possibility that SBUX may have been making a double bottom. Continue reading "Chart To Watch"

Daily Video Update: What does the "D" word mean to you?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 21st of June.

Well, it could mean Dimone as in Jamie Dimone from Citibank, or it could mean Depression as in world, or it could mean Deflation. The question is, are the markets moving into what appears to be a deflationary cycle? With the continued weakness in crude oil and gold, it all points to less demand in the world markets for oil. And with gold down almost $40 today, it says that investors are fleeing what was a hedge against inflation. The Reuters/Jeffries CRB Index is now at its lowest level in over 22 months, yet another sign that we are in a deflationary environment.

As an investor/trader, what can you do? Continue reading "Daily Video Update: What does the "D" word mean to you?"

Stocks slide after weak manufacturing reports

By MATTHEW CRAFT
AP Business Writer

(AP:NEW YORK) A batch of weak economic reports sent stocks lower Thursday. The worst of the bunch was a regional manufacturing index that sank for the second straight month.

The Philadelphia branch of the Federal Reserve reported that manufacturing in the Northeastern U.S. slumped this month, pulled down by drops in new orders and shipments. Economists had expected no change in the index. It was the worst reading since last August. Continue reading "Stocks slide after weak manufacturing reports"

How to Save Your Money And Your Life

By Doug Casey, Casey Research

I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can't think of something better to do with your time.

But I'll put aside those lesser motives, which I tend to view as psychological foibles. Basically, money gives you the freedom to do what you'd like – and when, how and with whom you prefer to do it. Money allows you to have things and do things and can even assist you to be something you want to be. Continue reading "How to Save Your Money And Your Life"