Attention all MarketClub Members: A Weekly “Trade Triangle” flashed a sell signal on long positions and entry signal on short positions in spot gold this morning at $1,086.00. The market is currently trading at $1,086.00. Please use money management stops and be aware of the risks involved. If you are not a MarketClub Member click this link for...
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PowerShares QQQQ Approaching 100 day

Posted on January 22, 2010 at 4:48 pm
Is QQQQ a Buy, Sell or Hold
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S&P heads way south

Posted on January 22, 2010 at 4:42 pm
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CalculatedRisk From ABC News: Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke … ABC News has learned that the Senate Democratic leadership isn’t sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve. Bernanke’s term expires on Jan. 31. … [Sen. Bernie...
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Joe Weisenthal of Clusterstock Meredith Whitney believes Obama’s proposed banking regulations are a sure thing. (We’re generally in agreement with that. It’s going to be tough for Republicans to oppose the proposals if they don’t screw things up too bad.) Says Whitney, according to StreetInsider.com: “It will not be pretty...
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Courtesy of Tyler Durden at Zero Hedge After today’s ban on prop trading, the bulk of the attention has been focused on Goldman Sachs and for good reason: without the ability to commingle trading information from the biggest flow operation in the world, with its own principal risk exposure, Goldman becomes just another B-grade bank, which has a solid...
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1128-1132 Broke, Hopefully You Were Prepared

Posted on January 22, 2010 at 8:11 am
Scott Redler of T3Live Goldman Sachs (GS) went red after reporting earnings and then the market collapsed through the uptrend line we’ve been honing in on for the past few sessions. Now that the uptrend line has been broken, the market’s complexion has officially changed in my mind. There were many technical signs leading up to yesterday’s...
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Is It Just Us, Or Did Tim Geithner Get Fired Yesterday?

Posted on January 22, 2010 at 7:46 am
Henry Blodget of Clusterstock Earlier this month, we argued that it was time for Treasury Secretary Tim Geithner to go. Our logic was simple: Geithner’s save-Wall Street-at-any-cost policy has failed (the banks aren’t lending), and it is distorting fairness and competition throughout the economy Geithner’s role in the AIG bailout...
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Tyler Durden This is it – we have gotten to the stage where every week we expect the Fed’s balance sheet to reach new record highs. As the Fed has practically rolled off its emergency liquidity measures (foreign FX swaps are practically zero this week), the only variable on the margin will be direct securities holdings… and those are...
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Fast Money Halftime Report 1/21/10

Posted on January 21, 2010 at 8:43 pm
Scott Redler of T3Live Today on the Fast Money Halftime Report we talked about the technical action in Goldman Sachs (GS) and the changing market complexion over the last week. I also offer my take on Google (GOOG) ahead of earnings. Check out the recap here or watch the video below. Traders, be sure to check out the web’s first-and-only Virtual...
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BAIR MUST RESIGN: Conflict Of Interest

Posted on January 21, 2010 at 8:01 pm
The Market Ticker What the hell is THIS? Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment. It gets better… Mortgage documents for that 14-room home...
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Possible Buying Opportunity coming in APWR

Posted on January 21, 2010 at 6:56 pm
A-Power Energy Generation Systems Ltd. (APWR) topped the list of Biggest Percentage Price Decliners among common stocks on the Nasdaq Stock Market. Is APWR a Buy or a Sell
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Google has a ton of support at 550

Posted on January 21, 2010 at 4:13 pm
Google is committed to remain in China. This stock is over done IMHO. Click the link below to see the scoop of GOOG. Check out here if you should buy GOOG or sell into the open tomorrow.
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Joe Weisenthal of Money Game This was ugly. A combination of mediocre earnings, jitters out of China and, possibly, Obama’s new populist streak, absolutely hammered stocks for the second day in a row. The dow ended down about 217, the second big triple-digit loss in a row. Big financial stocks got brutalized. This chart, via FT Alphaville,...
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Doug Casey: “Stock Market Set to Crash”

Posted on January 21, 2010 at 2:37 pm
(Interviewed by Louis James, Editor, International Speculator) L: So, what’s on your mind this week, Doug? I understand you’ve had a “guru moment”… Doug: Well, it’s nothing but a gut feeling, but I think the stock market is riding for a big fall this year. Everyone was afraid the world was going to come to an end a year...
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