Q3 '07 Results
Q3 '07 Ag Results
Q4 '07 Results
Q1 '08 Results (coming soon)
The "Traders Whiteboard" series
"90 Second Trading" series
As we used to say in the pits of Chicago, "This is going to get ugly."
Today, we confirmed that "Ugly" has arrived.
Trade update: We exited long gold positions on the 18th at 990.2 basis spot.
Today (the 19th) we also had a major sell signal in spot gold. Very unusual that this happend so quickly after our exit signal. Like I said "Ugly" has arrived.
Downside targets (Fibonacci Retracements) for gold are:
1. $855
2. $800
3. $750
Stand aside and give these guys a lot of room as every hedge fund and commodity fund is bolting for the exit doors in all the commodity markets, including gold.
You have read on this blog before that the markets slide faster than they glide. Just look at Bear Stearns slide and several other recent meltdowns.
With the end of the month and the quarter fast approaching these hedge funds have got to have something to show for the month and the quarter. This slide may wipe out all their profits.
It all reminds me of what Bette Davis said in her 1950 movie, "All About Eve."
"Fasten your seatbelts, it's going to be a bumpy night"
Look for more bumpy markets and more volatility as the hedgies continue to bolt for the exit door that just got a whole lot smaller today.
Trade smart and trade to win.
Adam Hewison
President INO.com
WHICH WAY FOR THE MARKETS NOW?
Use this really cool analysis tool and get instant answers in plain English on any market. There is no cost.
Dear trader,
You may not have heard about our Trade Triangle technology, but nows your opportunity to put Trade Triangles to work for you ... all for free.
For a limited time only we are opening the gates and allowing non members an opportunity to enter any symbol into our Instant Trade Triangle Analysis Engine.
Here's how it works.
Enter either a name or a symbol, and VOILA! In a matter of seconds we will shoot you an email that includes a chart of your selected market, a complete unbiased analysis in plain English of that market, and finally our Trade Triangles, that pinpoint the big trends.
The reason we are offering this now, is that we believe our Trade Triangle technology can help you in today's volatile markets.
The answer to volatility is here
There's nothing else like this on the web, so give it a whirl with our compliments.
See how your trading can benefit from the Trade Triangles.
Adam Hewison
President, INO.com
SAN FRANCISCO (MarketWatch) — The relatively muted reaction to Tuesday’s Federal Reserve interest rate cut came after the more dramatic events of the weekend, when the central bank cut the discount rate and announced its participation in the fire sale of ailing broker Bear Stearns said Adam Hewison, president of INO.com, a technical analysis site. “The action by the Fed over the weekend far out shadows today’s Fed rate cut of 75 basis points. The invocation of a little known and little used Fed policy instrument to force the sale of Bear Sterns changed the mood and dynamics of the market for many participants more than today’s rate cut,” he said.
AP
Fed Cuts Rates by 3/4 Percentage Point
Tuesday March 18, 2:36 pm ET
By Martin Crutsinger, AP Economics Writer
Fed Cuts Rates by 3/4 Percentage Point; Dow Industrials Falls 100 Points After Announcement
WASHINGTON (AP) -- The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate -- the interest that banks charge each other -- down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action -- if necessary -- to help the sagging economy.
The rate cut Tuesday caps an unprecedented period of Fed actions aimed at trying to stabilize financial markets and ward off a recession or at least keep it from being too severe.
While the cut was larger than the Fed's normal quarter-point moves, markets dropped sharply in the moments after the announcement, with investors disappointed that the central bank did not cut rates by a full percentage point.
The Dow Jones industrial average fell 100 points within two minutes of the Fed's mid-afternoon announcement. It had been up 286 points just before the annoucenment as stocks had posted a strong rally after Lehman Brothers and Goldman Sachs reported better-than-expected results for the first quarter. That came as welcome news following the collapse over the weekend of Bear Stearns, which was forced into a fire-sale to JP Morgan Chase & Co.
The reduction in the funds rate was designed to lower borrowing costs and boost spending by consumers and businesses and thus increase economic activity. Economic growth slowed to a near standstill in the final three months of this year as the economy was hit by a series of blows including the credit crunch, a prolonged housing slump, rising unemployment and surging energy prices.
The funds rate cut quickly triggered announcements from commercial banks that they were cutting their prime lending rate to 5.25 percent from 6 percent, where it was before the Fed meeting. This rate is the benchmark for millions of business and consumer loans.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
