UPDATE: We have just took out key number I mentioned in my previous post on the Dow of 7286 (11 year low) and we are currently trading at 7210 on the Dow. We are right at the 752 number on the S&P 500 (its lowest level in nearly 12 years). Today is a very anxious day folks. The feds are not going to let the S&P fall below the 750 support level...

The Markets continue to drift lower. The Dow is currently at 7295.  A key number is 7286 which is an 11 year low. The S&P 500 is sitting at 760 with 752 being key support. If we break those levels I think we can drift lower for a couple more days before we get an over sold bounce. Stay nimble in case the White House opens their mouth and creates...

Outside advisers to the U.S. Treasury have started lining up the largest bankruptcy loan ever, Imagine that! Their talking with banks and other lenders about at least $40 billion in financing for General Motors Corp (GM) and Chrysler LLC, in case the two auto makers need it. Please let them fail, we need to start to heal on our own! Now those clowns...

(MarketWatch) — Citigroup Inc. (C) is in talks with federal officials for the U.S. government to expand its ownership of the bank, according to a report in the online edition of the Wall Street Journal, citing people familiar with the situation. The report said that while the talks could still fall apart, discussions center on the government...

Lets start out with my favorite money maker, Gold. I see the bullion bull run continuing, for now! The risk around the globe continued to push prices for what is now being called the world’s second reserve currency into fresh highs. The equity markets just continue to stumble and fall flat on their face. It is really no wonder that the trend...

Hope and Change?– YIKES! –I’m stocking up on essentials. The Democrats have been in control of Congress for over two years and they were able to blame everything on the Republicans. The “Savior” said he would stop the seas from rising by curing Global Warming but he has done nothing but contribute to the stock market spiral...

From time to time I come across and use quality trading materials that helps me improve my bottom line. I would like to share with you one of the really great benefits of Market Club. They have the ability to find markets that are headed higher and those headed lower. They do this through the use of their Smart Scan technology that spots markets that...

Since bottoming out in 2001, bullion has turned in a shining performance. Yesterday the POG close over 1000 with no signs of slowing down. As an individual asset class, Gold remained neglected. Most the major Wall Street house (if they did cover gold) lump it into either the basic materials sector (mining stocks) or in the (hard assets) category, which...

What should you, the investor look for in a mutual fund? Well 2008 was a bummer for all of us. I was reading a statistic that said the average loss for all mutual funds was -38%. Now here we are in 2009 and still losing money hand over fist if you are just playing the waiting game in your funds. I personally stopped cost averaging in back in November...

I find Cramer to be fairly fascinating and a great entertainer. He seems to be wrong with his picks more than he is right however. The advertising dollars aren’t going to recover for some time due to the state of the economy. TSCM has acquired more online properties, but their advertising revenue has actually gone down. No surprise that Jim...

Hedge funds are really under fire these days and the industry consolidation is reducing the number of hedge funds, making it very difficult for smaller operations. The Hedge Funds are liquidating at a lightning pace, even the biggest ones, it will go on and on and on till 90% of the Hedge Funds are gone. It will all be about survival of the fittest....

This might not be such a far fetched idea. Considering ever time Chris “DUD” Dodd opens his mouth he either scares the crap out of the American people or he paints himself in a corner because he has no idea what he is talking about. (Dodd, of course, is the chairman of the Senate Banking Committee and at the forefront of the financial meltdown)....

Market Club’s Adam Hewison has put together a real nice video that illustrates the importance of using stops while trading. This little trading tip can and will make a difference in your trading results in 2009. Stops are enormously important part of a traders arsenal of trading tools. Some traders confirm that stops are the most important part...

As the finance industry continues to flail and bank lending remains flat, Bloomberg reports that Sen.Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, is floating the possibility that the government might have to take over the banks — at least for a time. Bloomberg reports Chief Executive Ken Lewis (BAC) said Thursday during a...

Gold futures topped the key $1,000 mark for the first time in nearly a year this morning, as global financial and economic worries boosted the safe-haven appeal of the precious metal. In recent action, Gold for April delivery traded at $996.80 an ounce, up $20.30, or 2%, on the day. It earlier touched a high of $1,000.30. As expected and as I wrote...