Archive for July, 2008:
Is the move in Crude really over?
What a great move in crude oil today. It was enough for us to cover our short positions and bank almost $10,000 a contract in profits.
Watch this video and see how we did it.
Here’s the full AP story.
(AP:NEW YORK) Oil prices soared over $4 a barrel Wednesday, halting a dramatic two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren’t keeping Americans off the roads.
But energy market analysts offered mixed views on whether prices would swing back toward record levels above $147 a barrel hit earlier this month or if Wednesday’s big rally was just a temporary bump.
Light, sweet crude for September delivery jumped $4.58 cents to settle at $126.77 a barrel on the New York Mercantile Exchange, after earlier rising as high as $127.39. It was crude’s biggest one-day rally since July 10, when prices ended $5.60 higher. Oil closed $2.54 lower on Tuesday at $122.19 a barrel.
The Energy Information Administration said in its weekly inve ntory report that U.S. gasoline supplies fell by 3.5 million barrels last week. Analysts surveyed by energy research firm Platts expected gas supplies to increase by 400,000 barrels. U.S. crude stockpiles also fell by 100,000 barrels last week, less than the 1.3 million barrels analysts had predicted.
The report gave some traders reasons to believe that crude’s slide was overblown and that the drop in gas supplies mean prices have fallen enough to nudge Americans back onto the roads.
“It’s stopping the bearish momentum that we’ve seen over the last few days,” Phil Flynn, analyst at Alaron Trading Corp. in Chicago, said of the surprise decline in gas supplies.
But some analysts raised questions whether U.S. fuel demand was picking up. Tom Kloza, publisher and chief oil analyst of Oil Price Information Service in Wall, N.J., doubted that Americans are actually driving more, saying a seasonal bump in gas demand probably drew down supplies temporarily.
“It’s nonsense to say that this proves that people are back to their old driving habits,” Kloza said. “There just wasn’t enough enthusiasm to push prices lower. ”
Crude’s jump was boosted by word that Israeli Prime Minister Ehud Olmert will quit his post in September, an announcement that raised doubts about the future of U.S.-backed Middle East peace efforts in the oil-producing region.
Also supporting prices was a report by Goldman Sachs, which affirmed its earlier forecast that crude will hit $149 a barrel by the end of the year.
The investment bank called weakness in U.S. energy demand “transient rather than permanent,” saying the fundamentals of falling oil production and rising world energy consumption remain intact. Past forecasts for higher oil prices have caused jumps in prices as speculative buyers are drawn into the market.
Still, other analysts said oil’s recovery doesn’t mean prices are about to go higher again, but rather s hows that traders saw a short-term buying opportunity after Tuesday’s sell-off.
“I still expect to see further air being let out of this balloon,” said Stephen Schork, an analyst and trader in Villanova, Pa.
He noted that U.S. demand for energy is falling across most sectors. Inventories of distillates, which include heating oil and diesel, rose by 2.4 million barrels, more than the 1.8 million barrels expected, according to the EIA report.
And Americans continue to cut back on their driving to cope with almost $4-a-gallon pump prices. The average price of a regular gas fell 1.5 cents on Wednesday to $3.926, according to auto club AAA, the Oil Prices Information Service and Wright Express.
“We clearly have demand destruction,” Schork said.
Before Wednesday’s rebound, crude prices had dropped in seven of the last 10 sessions, and are down about 14 percent from their peak above $147 a barrel earlier this month. Prices remain about 60 per cent higher than at this time last year.
The dollar was stronger Wednesday against the euro, but the oil market seemed to be ignoring a trend that ordinarily would pressure prices. Investors buy commodities as a hedge against inflation and a weaker dollar but tend to sell when the American currency strengthens.
Oil also gained Tuesday’s announcement from Royal Dutch Shell PLC that it may not be able to fulfill some oil export contracts after Nigerian militants sabotaged a pipeline in the Niger Delta.
Militant attacks on Nigerian oil facilities have trimmed nearly one quarter of the country’s regular daily output. The strongest Nigerian militant group, the Movement for the Emancipation of the Niger Delta, said it sabotaged two pipelines early Monday in the southern oil-producing region.
In other Nymex trading, heating oil futures rose 5.08 cents to settle at $3.5203 a gallon while gasoline prices gained 12.74 cents to settle at $3.1351 a gallon . Natural gas futures rose 11.8 cents to settle at $9.248 per 1,000 cubic feet.
In London, September Brent crude rose $3.34 cents at $126.05 a barrel on the ICE Futures exchange.
Forex video PROOF - 1,165+ pips & counting…
I just got my hands on a brand new Forex video from 30+ year trader Bill Poulos that pulls back the curtain and shows PROOF how you could have gotten into 4 sweet trades in the past week using his step-by-step Forex Profit Accelerator methods…
You’ll see how his students check his daily “Pip Feeder” report to see which Forex pairs are setting up for a potential trade.
Specifically, Bill shows you the actual Pip Feeder from his members website from last week, and how 4 trade setups were identified which then entered into profitable positions a day later.
But here’s the kicker — YOU had access to this Pip Feeder data last week when I invited you to join his Members Website Preview. So he’s not making this stuff up. It’s real, and had you been checking his website you would’ve seen these trades happen, too…
-and if you had your hands on his Forex Profit Accelerator methods, you could’ve traded all these, too…
to the tune of 1,165+ pips so far… and counting… all from just 4 trades identified within 2 days… not too shabby.
Will every trade be this good? No, of course not. That’s just silly, and if you expect every trade to be this good, you shouldn’t be trading.
But what I like about Bill and his course is that he deals in REALITY, and that’s why his students love the Forex Profit Accelerator so much. It’s realistic, it puts the odds drastically in your favor, and it’s YOURS for LIFE…
When you finally become an INDEPENDENT trader, then YOU know exactly what to do EVERY TIME, no matter what the market does.
It comes down to this…
Would you rather listen to a ‘guru’ blabber about how every trade he “recommends” is going to be a homerun… only to be disappointed watching your portfolio dwindle away…
…or would you rather spend 20 minutes a day listening to YOURSELF, knowing the odds are in your favor, and carving out a steady, repeatable flow of profit potential you can tap into again and again?
The choice is yours.
But if you’re still on the fence about what to do, go ahead and watch the video above, and then check Bill’s open letter about the course to see if any copies remain. As of this writing, I see 85 copies left, and that number is steadily dropping.
You can check the latest inventory count here.
Forex Mentoring, Mind tricks, & Options…
Just a quick update about Bill Poulos’s Forex Profit Accelerator home study course I let you know about earlier this week…
(I don’t know if he’s announced all these yet, but I wanted to give you a heads-up as soon as I heard about this.)
Starting today, he just added on some bonus training materials which I personally think is a little crazy for him to do.
WHY?
1. GROUP MENTORING BONUS
Because 2 of them are GROUP MENTORING web-seminars that let you “spy” on his trading computer and get your questions answered live and “in person”.
Here are the details:
* After you get his Forex course, Bill’s going to give you private login instructions were you can join him on 2 separate web-seminars. You’ll get to interact live with Bill, ask him to pull up Forex charts, take a look at trades, and more…
-I’ve seen these kinds of sessions go for $200 or more, but he’s including both of them “on the house” if you pick up his course TODAY. Folks, that’s like someone handing you $400.
2. UNPUBLISHED “TRADING MIND” TRICKS BONUS
Bill also talked one of the masters of trading psychology to “cough up” 2 brand new, unpublished “trading mind” reports that include the latest tricks and techniques you can use to train yourself to…
-Pull the Trigger
Yeah, I know… discipline & psychology aren’t “exciting”; however, successful traders know that they are CRITICAL in achieving success in the markets.
And I also know that any time I can get my hands on the latest thinking about the mind of a trader, I want that information IMMEDIATELY.
You get these 2 new reports here.
3. SURPRISE FOREX OPTIONS TRAINING BONUS
Finally, Bill made a call to a company that’s among the best at teaching options trading and asked them if they had any new training materials focused on trading options with Forex.
-They delivered big time.
This bonus is a little sensitive because the value is so high, and some folks already paid a lot of money for it. So I can’t mention the details here.
But I can say that you get it at no extra cost when you pick up Bill’s Forex Profit Accelerator course TODAY right here.
Phew!
I don’t know how long these bonuses will last, so I urge you to at least check them out in more detail. They’re probably worth close to $1,000, and you get them for nothing. That’s a pretty good deal to me.
Good Trading.
How can 20 minutes a day = Forex acceleration ?
THE TIDE JUST TURNED in the Forex community…)
Here’s what’s up -
In the past 2 weeks, over 175,000 traders have bombarded a special, “insiders” Forex trading website.
You might even call it an “underground” website because everything it exposes challenges what 95% of all Forex traders have held to be true for years.
So if you have ANY interest in discovering how to ride the “coat tails” of the big banks to maximize your “pip potential” in the Forex markets, you’re in for a TREAT today…
HUNDREDS ALREADY “GOT IT” - Will you?
So in just the past 24 hours, hundreds of traders already got their hands on what HISTORY will likely call a turning point in Forex trading…
I’m talking about a truly groundbreaking way to trade the Forex markets that takes less than 20 minutes day (hint: it’s NOT day trading).
I was lucky enough to get my hands on a preview copy of this technique a few weeks ago and I’m absolutely floored by what’s being revealed in this limited-edition trading course.
CAUTION: This is NOT for “systems junkies”, or individuals who like to let others make their trading decisions.
==> But it IS for traders who like to have FULL CONTROL of their destiny in the markets…
-and who are finally ready to become INDEPENDENT traders.
Does this sound like you?
A FEW HUNDRED MORE “GET IT” - But it may be too late…
The 30+ year trading veteran who’s “spilling the beans” on his totally unique twist on the Forex markets is only releasing 555 copies of his course that has the power to help you accelerate your profit potential like never before.
* And he’s already nearing the halfway sold out point…
So if you want to:
- Vanquish the pressure, strain, and stress normally associated with Forex…
- Maximize your returns by riding on the “coat tails” of the behemoth market drivers before they know what hit them…
- Drastically reduce your trading time by spending less than 20 minutes a night “in the trenches”…
- Practically “rub out” account-crippling losses with simple yet profound risk management strategies only a few select traders are using…
…then check out the open letter the developer of this 4- pronged approach to Forex put together for you:
I hope you find it as inspiring as I have.
Good Trading.
How to Get Your 24 hour ‘Forex Fix’…
Just a quick reminder that one of the best complimentary Forex training resources I’ve ever seen released will SHUT DOWN this Tuesday, July 22nd.
I’m talking about the Forex Profit Accelerator Members Website Preview set up last week by 30+ year trader Bill Poulos.
Even if you have no intention or interest in his home study course that’s going to be released on that same day, I think you’d be CRAZY if you didn’t login and take MASSIVE NOTES on all the complimentary training that’s waiting for you on his website.
Too busy? Find at least 20 minutes to save his huge reports that are on the site. Seriously.
Bill’s not saying when he might release his course in the future again, but from my experience, it will be probably be at least 5 or 6 months… so if you want some of the highest grade, “top gun” Forex training you can get, go check out his preview site now here.
~~~~~~~~~~~~~~~~~~~~~~~
‘UNDER THE RADAR’ BONUS
~~~~~~~~~~~~~~~~~~~~~~~
When you request access to his website, you also get what I think is something that Bill’s not really making a big deal about, but I think he should be!
It’s a 24 hour priority access link that will let you get access to his Forex Profit Accelerator home study course before everybody else.
To me that’s like gold. At the very least, you’ll have the OPTION and CHOICE to pick up his course before anybody else.
I’m glad I’ve been able to share all this great Forex training with you, and hope you’ve been able to take advantage of it.
Good Trading.
2 New Short Videos - Recent Moves in Gold & Crude Oil
What a difference a day makes. The DOW up 277 points, gold dropping 10 dollars and crude oil under pressure and falling to its lowest levels in three weeks.
Amazing.
What should traders do?
Several months ago MarketClub correctly forecasted the up move in crude oil and indicated that it could potentially topple world equity markets.
They were right.
So what happens now … is the move in crude over? Is the downward tailspin in equities over or is it just a pause before new lows?
Adam just finished two new trading videos that take a fresh look at crude oil and gold. I believe that these videos offer an unbiased educational view of two markets that are front and center right now.
If you are concerned about what’s going on in the world then you really need to watch these videos. There is no need to register, plus you will learn some valuable trading lessons.
The first covers Gold and analyzed if it has topped out: Gold Move Over
The second looks into the recent moves in Crude: Crude Oil Topping
Enjoy the video!
Free Copy of Forex Profit Accelerator (Saturday deadline)…
As you probably know by now, next week is going to be a turning point in the Forex trading community when a proven course hits the market that will show you how to become an independent trader and claim back your time as you discover how to trade Forex pairs in less than 20 minutes a day…
…and YOU can get the very FIRST copy from the printers before anyone else even has a chance to.
How?
The developer of the course is going to GIVE AWAY one full scholarship this Saturday evening, July 19th. That’s 3 days before it even hits the market.
(He’s even covering shipping & handling to anywhere in the world.)
This includes his full course, along with all his bonuses, and 1 year of email support. It’s about as close as you can get to being personally taught how to trade Forex by a 30+ year market veteran…
Want in on the action? Just go here.
The deadline for entering the giveaway is July 19th at noon eastern time, Saturday. So don’t dawdle if you want your complimentary Forex fix 
Click here to learn how to get it.
Good luck & good trading.
Your Complimentary ‘Pip Feeder’ Access Begins Today…
If you enjoyed the complimentary Forex 4-Pack training I announced last week, wait until you see this…
Next week, on Tuesday, July 22nd, the Forex trading community will get turned on its ear…
Why do I say that?
Because the home study course that stripped the Forex community away from their computers last Fall by showing them how to reap huge pip potential in just 20 minutes a night by becoming true, independent traders is coming back…
…but only for 7 more days.
Everything about it is first class… and easy to understand. I’ll have more information to send you about it on July 22nd, but for now I’ve been granted special permission to give you private access to a Members Website Preview so you can get “up close & personal” with this trading course before the rest of the community gets a chance to.
You see, the author of the course is only releasing 555 more copies from July 22nd to July 29th… but here’s the problem: He already has 40,000+ traders interested in it. So he just doesn’t have enough inventory to go around.
(His first two limited releases sold out in a matter of days.)
That’s why he’s letting me give you complimentary access to his Members Website Preview, but only until July 22nd. He wants to weed out the “tire kickers” so that only the traders who are truly serious about discovering how to trade the Forex markets in less then 20 minutes a day can get a copy of the course.
Incidentally, July 22nd is when the Members Website Preview closes down and re-opens only for students of his breakthrough course.
Here are just a few of the goodies you’ll get on the preview site, beginning TODAY:
- Total access to his PIP FEEDER service where you can get daily lists of the Forex pairs that have met his rigorous trade alert criteria. In fact, these are Forex pairs that have a high probability of entering into potentially profitable positions any day now. He’ll eventually be charging $197/mo for this service, but it’s complimentary on the Members Website Preview.
- The “Pip Vault”, which contains actual Forex trade example “screen capture” videos, so you can see exactly how his students can trade in less then 20 minutes a night.
- Complete access to his ‘Forex 4-Pack’ complimentary training kit. Those lucky traders who already got their hands on this last week know how powerful it is.
- Bonus Forex tutorials, including a very detailed lesson on the ins and outs of Forex trading using one of the most popular charting and trading software packages on the market.
- Previews of the actual CD-ROMs that ship with the course so you can see exactly the type of material that’s on them.
- and a TON more…
But don’t take my word for it. Go ahead and check it out now by visiting the web page here now.
This may be the best Forex education you’ll EVER receive…
TWIN DISASTERS - Fannie Mae and Freddie Mac
No love for these two stocks.
Even after Treasury Secretary Henry Paulson made a statement ensuring that Fannie Mae and Freddie Mac would remain as presently constituted to carry out their mission it was not enough to satisfy most investors.
Both Fannie Mae and Freddie Mac hold about $5 trillion worth of mortgage guarantees in this country, roughly about half of the 9.5 trillion mortgage debt. Their survival is paramount.
The trouble with these two companies is the latest depressing factor in the current credit and confidence crisis that the United States is going through at the present time. This type of negative information is depressing for stocks and weighs on the minds of investors. This type of mindset is similar to the early seventies when we witnessed the last prolonged bear market.
There are no quick fixes to our current set of problems, only trading opportunities.
We live in a capitalist society and these are the cycles that we go through every 30 to 40 years. This is the price we pay for living in a free society.
My new eight minute video shows in detail how easy it is to avoid disaster stocks like Freddie and Fannie. I also show you in very clear terms how to fortress your portfolio to withstand any type of financial tornado that blows through the world economy.
Enjoy the video.
Exciting New Alert Service Announced by MarketClub
Missing key market signals can spell disaster for your trades. Fortunately, you never have to miss a market signal again.
Now a revolutionary new technical tool, MarketClub Alerts, makes it easier than ever to catch market moves as they occur instead of after the fact.
Previously, this type of technology was available only to hedge fund kings with billions of dollars at their disposal. But not anymore. MarketClub Alerts now levels the playing field. It allows you to track your favorite markets in your portfolio as often as every ten minutes. Simply choose your Alert preferences and you’ll be notified via email on computer or smart phone, according to the criteria you set.
The SmartScan technology behind MarketClub Alerts is simple in principle, but it took some of the best programming brains in the business years to bring it to fruition. Every few seconds, our proprietary SmartScan technology springs into action and scans over 250,000 symbols. Stocks, futures, ETFs, mutual funds, forex, and precious metals…our proprietary technology scans them all. Then, according to your personal specifications, the Alert system computes your data and delivers it to your email inbox or smartphone. Whether you like to be notified every ten minutes, half hour, hour, daily, weekly, or only once, the Alerts delivers the information you need when you need it.
MarketClub gives you far more than just Alerts, however. Thousands of traders and investors depend on MarketClub every day. Members have full access to Trade Triangles, a proprietary technology that visually identifies clear entry and exit signals for potential positive trades. Membership also includes SmartScan, which allows traders to identify trend patterns on over 250,000 symbols. Members can also customize their own charts with over 23 well-known technical studies. There’s also the MarketClub Trader’s Blog, updated six days a week with cutting edge commentary, trading tips and techniques, and more. Trade School has online streaming seminars, and Data Central allows members to download historical data on over 250,00 symbols from 21 exchanges.
There’s a reason why MarketClub, whose membership includes thousands of individual traders and industry professionals from all over the world, is one of the fastest growing technical and educational services on the web for traders. No other web-based service gives you so much power for so little money.
Trying out MarketClub Alerts…along with all the benefits that MarketClub has to offer…is without risk for 30 days. If you try MarketClub and aren’t happy for any reason, simply call to cancel within 30 days for a total refund. I encourage you to go ahead and give it a try. I know you’ll be just as excited about this breakthrough technology as I am.
Watch the new video on the Alerts today
Wishing you trading success.
