There a just a few more shopping days left before Christmas, but the silly season for trading is happening right now!
Last week we talked about the silly season for trading, and what it's indications are for the trader. We do not recommend serious traders taking positions in the last two weeks of the year. These are thin, illiquid markets, that are going to have large swings on very little volume. We recommend using the balance of the year to reflect on this past years trading and prepare oneself for the new trading year.
There will be some amazing trading opportunities in '08, both on the long side, and on the short side of the market. We expect energy prices to play a dominant role in the new year. This is a market you should get to know and be very conversant with. We expect oil prices will offer up some big profits in 2008. If you have not seen our new 90 second crude oil video, I highly recommend that you take a minute and a half of your time to watch this online video. You will see just how we look at crude oil, and how you can capture some big profits in '08 using our trade "triangle technology".
So what do we do with the markets for a balance of the year? The smart thing to do is to sit on the sidelines and do nothing. Most traders have made their money earlier in the year and have taken their profits. This is not the time to be looking to make fast money in the last two weeks all the year.
So how do we see the U.S.economy in 2008? Is it a time of inflation or a time recession? We still feel like this Sub-Prime mess with the CDO (collateralized debt obligations) and SIVs (structured investment vehicles) along with the soft housing market, is going to create problems for the economy in 2008.
We also see the FED and Ben Bernanke as impotent and pretty powerless in making any lasting change.We are all paying the price of interest rates that were artificially too low for too long in the 2002-2003 period.
So lets look at the markets (remember this is like flipping a coin for the next two weeks)
Gold remains the trading range and choppy.
Stocks look toppy and choppy and stuck in a broad trading range.
Crude Oil looks to be in the trading range.
The market in general are best left alone for the balance of the year. Enjoy the holidays forget the markets for two weeks.
Speaking of the markets ...
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LEARN HOW TO TRADE CRUDE OIL IN 90 SECONDS
Is it possible to learn how to trade Crude Oil in just 90 seconds???
"OH YES" and here's why.
There are three key factors that drive crude oil prices.
1. SUPPLY
2. DEMAND
3. PERCEPTION
Now you can stack the deck in your favor and trade like a pro. All you need to do is watch my NEW 90 second video.
No registration required … Find out how you can become a winner in crude oil in just 90 seconds.
http://broadcast.ino.com/videos/90secondcrude/?blog
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SOMETHING TO REMEMBER
If Santa Claus Should Fail to Call, Bears May Come to Broad & Wall. [Trader's myth that if we don't see a "Santa Claus rally" in December, the market will decline in the coming year.]
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NEW POLL "DO YOU SUPPORT THE GOVERNMENT'S NEW SUBPRIME BAILOUT
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Sorry, we didn't mean for it to sound like a bailout. But hey, you know what, if it walks like a duck, and quacks like a duck, then it is a duck, right?
Nows your chance to be heard. Vote in our new poll and lets see how the duck quacks.
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ARE THE MARKETS CONFUSING RIGHT NOW?
Now you can use this really cool analysis tool and get instant answers
to your market questions in plain English on any market.
There is no cost.
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TIME TO LAUGH
A very successful stockbroker parked his brand-new Mercedes in front of his office, ready to show it off to his colleagues. As he got out, a truck passed too close and tore off the door on the driver's side. The stockbroker immediately grabbed his cell phone, dialed 911, and within minutes a policeman pulled up. Before the officer had a chance to ask any questions, the stockbroker started screaming hysterically. His Mercedes, which he had just picked up the day before, was now completely ruined. When the stockbroker finally wound down from his ranting and raving, the officer shook his head in disgust and disbelief. "I can not believe how materialistic you stock brokers are," the cop said. "You are so focused on your possessions that you don't notice anything else." "How can you say such a thing?" asked the stockbroker. The cop replied, "Don't you know that your left arm is missing from the elbow down? It must have been torn off when the truck hit you." "My God!" screamed the stockbroker. "My Rolex!"
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BROTHER CAN YOU SPARE 90 SECONDS ...
LEARN HOW TO TRADE FOREX IN 90 SECONDS.
Is it possible to learn how to trade forex in just 90 seconds???
The answer is a resounding yes.
Now you can stack the deck in your favor and trade like a
pro. All you need to do is watch our NEW 90 second FOREX
video.
No registration required … Find out how you can become a
winner in the FOREX markets in just 90 seconds. Click, load,
learn from 90 Second FOREX
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LEARN & EARN
Developing a Premium Portfolio
In this video lesson series I will dive into three major topics
that will help you create a portfolio that you can be proud of,
and profitable in!
Part one covers Diversification within your portfolio. Diversity
is the one thing that ALL successful traders' portfolios have
in common. Developing a diverse and profitable portfolio is
not as hard as it seems!
Watch the free streaming video lesson here
Symbols covered: Bear Stearns (NYSE_BSC),
Ford Motor Company (NYSE_F), Soybean Oil (BO.H08),
Crude Oil (CL.Z07).
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FOUR FREE ONLINE TRADING VIDEOS YOU CAN BENEFIT FROM TODAY
Here's a small sample of what is coming up on INO TV
tv.ino.com/free/
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CHECK ON THE WORLD MARKETS 24 HOURS A DAY
Don't miss any of the global overnight action.
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This is Adam Hewison,
have a great weekend and a profitable new trading week.
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First video:
The boy scout motto is "be prepared".