5 Crucial Things Every Income Investor Needs To Know

From: Street Authority

We're just past the edge. The "tipping point" is here.

Don't worry -- it's not dangerous. In fact, if you're an income investor, then this might be the start of a very prosperous trend.

Between now and 2030, roughly 10,000 Americans will turn 65 every day. You might be among them. This marks a major shift that will play out for millions of people in the next years and decades. And I think it could lead to a surge in popularity for income investing.

Think about it. There's currently $13 trillion sitting in U.S. mutual funds, with most of those assets held by soon-to-be retirees, according to the Investment Company Institute research group.

Regarding where that money may go, I think my colleague Amy Calistri put it best: "As baby boomers wind down their working years, they're going to do what retirees before them have done -- shift from riskier stocks and commodities into more buttoned-down income investments. In fact, given the rocky market in the past decade and disappearing pensions, the shift could be larger than most people think." Continue reading "5 Crucial Things Every Income Investor Needs To Know"

Morning Energy Commentary

June crude oil was lower due to profit taking overnight as it consolidates some of the rally off April's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off April's low, April's high crossing at 98.06 is the next upside target. Multiple closes below the 20-day moving average crossing at 91.93 would confirm that a short-term top has been posted. First resistance is April's high crossing at 98.06. Second resistance is February's high crossing at 99.52. First support is the 10-day moving average crossing at 93.85. Second support is the 20-day moving average crossing at 91.93.

June heating oil was lower overnight as it consolidates some of the rally off April's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the February-April uptrend line crossing near 295.58 is the next upside target. Closes below the 20-day moving average crossing at 284.23 would confirm that a short-term top has been posted. Continue reading "Morning Energy Commentary"

Today's Video Update: Stocks Subdued After Record Week

Hello traders everywhere! Jeremy Lutz here, with your mid-day market update for Monday, the 6th of May.

Stocks are little changed after record week
The stock market cleared new milestones Friday after the government reported that employers added more workers. However, that hasn't translated into a strong Monday open as investors turned more cautious, focusing once again on the problems facing the global economy. Though growth in the U.S. is holding up well, it is slowing in China. The 17 country Eurozone remains in recession and unemployment there has been hitting a series of record highs.

Watch Today's Video Update Here

On Investor's Minds:
United States - homegrown terrorists
North Korea - an agent for China?
Europe - ITALY has a government. YEAH!
The FED - OMG do they know what they are doing?
May 19th – Debt ceiling suspension expire

Every Success,
Jeremy Lutz

Macro Sleight of Hand is Working, for Now

Right in plain site, the Federal Reserve is doing this to the US money supply. It is a hockey stick with the blade pointing up, but will one day turn into a big, bloated chicken and come home to roost. The Fed’s global counterparts continue apace with inflation as well.

base

Meanwhile, economic data like M2′s velocity would give out of control monetarists free license to provide more of what they say is good for us, because newly printed money is not getting out into the economy to a sufficient degree. ‘If we can just inflate a little more’ think our myopic bureaucrats, ‘maybe that will finally do it. Continue reading "Macro Sleight of Hand is Working, for Now"

How a Fibonacci Cluster Showed an Important Resistance Level in Gold

Senior Analyst Jeffrey Kennedy shares techniques that helped spot a trading opportunity.

By Elliott Wave International

If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts.

But have you heard of "Fibonacci Clusters?"

Elliott Wave Junctures editor Jeffrey Kennedy shares
his charts to illustrate this technique, which he recently
used to identify a critical turning point in Gold. The following
lesson is adapted from his March 26 video. Get more lessons
from Jeffrey in the free report, 6 Lessons to Help
You Spot Trading Opportunities in Any Market
. Continue reading "How a Fibonacci Cluster Showed an Important Resistance Level in Gold"