The Light Crude Continuous Contract fell from $ 67.70 a barrel on Monday to $ 62.75 on Thursday, closing at $ 65.79 on Friday. Consequently, stocks followed the sharp move in oil prices last week.
The first graph is a OIH (basket of stocks) daily chart, which suggests a consolidation or correction in the coming weeks. The price-per-Volume bar (on the left side of the graph) shows may sell between 111 and 114 in the short term. OIH to There is also resistance around 115, that is to say, the 10 and 20 day MAs. There is further resistance at 117.88, which is the current Parabolic SAR sell signal (red dots). However, if the oil tests $ 70 per barrel, then it is high at 119.30 is another barrier. Oil is less than $ 5 per barrel below $ 70. So, OIH rise and fall quickly.
OIH important support to the (rising) 50 day MA, currently just over 108. However, if less than 50 days, it closes OIH MA, then the next important aid is about 105, that is to say, the longer Value-by-volume bar. Around 105, the bottom of the consolidation zone, while a correction somewhere in the 90s and 80s. The short-term price of oil is largely dependent on the pace of global economic growth, according to the monthly economic data, and supply disruptions, including geopolitical events and hurricanes in the Gulf.
The second graph is a SPX (S & P 500) over the same period daily chart. SPX lead OIH higher and lower than recently. If OIH remains SPX was, then OIH will rise next week, perhaps to the Parabolic SAR sell signal, trading around the 10 & 20 day MA, and then fall to a new recent low, eg 105. SPX created a bullish doji on the 50 day MA. However, a volatile trading to continue, probably between 1200 and 1235. Range next week
Next week is a light economic data week: Ma: No, di: Existing Home Sales, Wed: Durable Goods Orders and New Home Sales, Thu: Unemployment Claims, and Fri: Revised Michigan Consumer Sentiment. The weekly oil inventory report at 10:30 ET Wed. There are several other excellent opportunities for trading next week, where large profits can be made quickly. "Chance favors the prepared mind"-Louis Pasteur.
Tickets available at forum index.
Arthur Albert Eckart is the founder and owner of Peak Trader. Arthur has worked for commercial banks, eg Wells Fargo, Banc One, and First Commerce Technologies, during the 1980s and 1990s. He has also worked for Janus Funds 1999-00. Arthur Eckart has a BA and MA in Economics from the University of Colorado. He has worked on options portfolio optimization since 1998.
Mr Eckart has to maximize a comprehensive trading methodology using economics, portfolio optimization, and technical analysis and minimizing risks developed at the same time. This methodology has resulted in excellent returns with low risk over the past four years.
Friday, 28 February 2014
Saturday, 15 February 2014
Waiting 20 Years Can Cost You Millions - Don't Wait Start Today
Many young people live for today. They really do not fully understand the power of compound interest. The difference between investing as little as $ 20 per week at age 20 or wait until the age of 50, more than $ 3,000,000 (yes 3 million). Do not wait start today!
Recently I was in a 7-11 and I watched as a young man Bought $ 10 worth of Lottery Tickets. As he walked away from the counter, he started talking to me. He told me he just turned 21 and he was worth $ 10 Buy Lottery Tickets Pick any six as long as he had a steady job. In Missouri, they have 2 Pick Six Weekly Drawings. I said to him: Here's my card call me and I'll show you a surefire way to become
Millionaire.
He looked at me and said, sure sure. I looked at him and said I meet you tomorrow across the street at the coffee shop and Coffee is on me would be morning or afternoon better. He replied, I get off work at 2:00 so I can here at 3:00. I said it's 03:00.
I went home and plugged some numbers in an Excel worksheet. Remember I did promise to this 21 year old boy making a millionaire. I was going to do what no one has ever done for me for him.
The results are telling. If my young friend were to invest his $ 20 per week and receive a 10% return on his investment
In 20 years when he is 41 he will have a little more than $ 66,000
In 30 years when he is 51 he will have a little more than $ 198,000
In 40 years when he is 61 he will have a little more than $ 550,000.
In 45 years when he is 66 he would have just over 920,000
In 50 years when he is 71 he would be more than $ 1.5 million.
As a young friend could average a 12% return, the figures still huge
In 20 years when he is 41 he will have a little more than $ 86,000
In 30 years when he is 51 he will have a little more than $ 307,000
In 40 years when he is 61 he will have a little more than $ 1 million.
In 50 years when he is 71 he would have more than $ 3.4 million
The above numbers are significant. Not only do they see my young friend the power of compound interest, but showing my young friend the power of Waiting. As an example if my young friend Will buy tickets for 10 years until he is 31 and then decide to take my advice and invest the $ 20 instead of $ 1.5 million when he is 71 to 10%, he would only $ 550,000. Wait 10 Years cost him nearly $ 1 million.
At 12% Return My young friend would lose more than $ 2.4 million difference between the $ 3,400,00 and $ 1,000,000
Now if my young friend were playing the Lotto for 30 years and wait until he is 51 to my advice he would lose. 3,300,000 at 12% more than the difference between $ 3,400,000 and $ 86,000
Mike Makler is a financial advisor in St Louis Missouri area specializing in Real Estate Loans and annuities. For more info call Mike ator visit Mike's web page:
Recently I was in a 7-11 and I watched as a young man Bought $ 10 worth of Lottery Tickets. As he walked away from the counter, he started talking to me. He told me he just turned 21 and he was worth $ 10 Buy Lottery Tickets Pick any six as long as he had a steady job. In Missouri, they have 2 Pick Six Weekly Drawings. I said to him: Here's my card call me and I'll show you a surefire way to become
Millionaire.
He looked at me and said, sure sure. I looked at him and said I meet you tomorrow across the street at the coffee shop and Coffee is on me would be morning or afternoon better. He replied, I get off work at 2:00 so I can here at 3:00. I said it's 03:00.
I went home and plugged some numbers in an Excel worksheet. Remember I did promise to this 21 year old boy making a millionaire. I was going to do what no one has ever done for me for him.
The results are telling. If my young friend were to invest his $ 20 per week and receive a 10% return on his investment
In 20 years when he is 41 he will have a little more than $ 66,000
In 30 years when he is 51 he will have a little more than $ 198,000
In 40 years when he is 61 he will have a little more than $ 550,000.
In 45 years when he is 66 he would have just over 920,000
In 50 years when he is 71 he would be more than $ 1.5 million.
As a young friend could average a 12% return, the figures still huge
In 20 years when he is 41 he will have a little more than $ 86,000
In 30 years when he is 51 he will have a little more than $ 307,000
In 40 years when he is 61 he will have a little more than $ 1 million.
In 50 years when he is 71 he would have more than $ 3.4 million
The above numbers are significant. Not only do they see my young friend the power of compound interest, but showing my young friend the power of Waiting. As an example if my young friend Will buy tickets for 10 years until he is 31 and then decide to take my advice and invest the $ 20 instead of $ 1.5 million when he is 71 to 10%, he would only $ 550,000. Wait 10 Years cost him nearly $ 1 million.
At 12% Return My young friend would lose more than $ 2.4 million difference between the $ 3,400,00 and $ 1,000,000
Now if my young friend were playing the Lotto for 30 years and wait until he is 51 to my advice he would lose. 3,300,000 at 12% more than the difference between $ 3,400,000 and $ 86,000
Mike Makler is a financial advisor in St Louis Missouri area specializing in Real Estate Loans and annuities. For more info call Mike ator visit Mike's web page:
Subscribe to:
Posts (Atom)