Well it looks like Bernanke is back for another term. Later this week President Barack Obama is scheduled to announce the reappoint of Ben Bernanke to a second term as chairman of the Federal Reserve. This sitss well with wall street reassuring that the recovery plan put in place by Bernanke will be seen through by him till the end. One company that has embraced the recovery plan and is boasting huge gains in the financial sector is Prudential Financial Inc. (NYSE:PRU). (more…)

Management Energy Inc. (OTCBB:MMEX) chart below shows no sign of slowing down as it continues to build momentum as it pushes further in todays trading session. Although the current uptrend seems strong and is being pushed by strong outside forces there is a possibility that this current up-trend could be shifting into a sideline mode.  Keep your eyes peeled on this stock in order to take advantage of these superb market conditions for MMEX.

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.
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A conundrum wrapped in an enigma… that’s the S&P 500 index.

I was just looking at the S&P 500 index as we come to a close for the week of June 6th. While the market appears to be higher for week, it also appears that we’re losing momentum on the upside. (more…)

Today I’d like everyone to welcome Bob Iaccino fromTraderOutlook.com. Some of you might reconognize the name, and that’s because Bob is a frequent contributor on CNBC, CNBC Asia, Bloomberg Television, Bloomberg Radio, CNN, CNN International, Fox News, and several other media outlets as a special guest analyst. Yeah he’s all over the place and he knows what he’s talking about. (more…)

In this week’s video we are revisiting Apple, Inc (NASDAQ_AAPL). I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using MarketClub’s Fibonacci tool, as to where I thought Apple was headed. (more…)

As you can see in the chart below for SPY the smart scan chart analysis confirms that a strong uptrend is in place and that the market remains positive longer term.  A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Ensure to use tight money management techniques to preserve your capital.

April 1, 2009 · By Brad

As more and more technical indicators become more taught, followed…and misunderstood I wanted to get a contrarian view of the MACD. I asked Mark Young from ChartSmarts and Wall Street Sentiment to do that for us. I’ve known Mark for a while and can attest to his knowledge so please take some time and read the article below and comment as you see fit!
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In our new video we are going to be looking at two different markets that are headed in two different directions.

We recently looked at the equity markets and alerted you to some very important levels that we thought the markets would have problems with. Those levels have now been reached and it remains to be seen if we are going to see the kind of market action that we were looking for.

The second market were looking at is the crude oil market. This market has recently come alive to the upside and bear watching.

This is a short video, but it may contain the blueprint for these two markets. No registration is required to watch this video.

Click here for the video