Looks like the money floodgates have been opened. Bailouts everywhere this morning and the Stock Market is reflecting it. Bernanke would be proud now. Now my question is….. Is it really that easy to solve things by printing more money? Somewhere down the line does something have to give? Or is this the magical approach that everyone has overlooked the last 50 years or so?
Or better yet is this panic and desperation? Who knows. These issues are so complex that the first thing you need to do is take everything you read on the subject with a skeptical eye. First, much of what you read is politically induced. And we know how reliable that is. So you really need to find someone reliable that objectively discusses the issues and not only that leads you to other real experts that also know what they are talking about.
That is where my #4 trading web site comes in, Dashofinsight.com. I do not think you can find a more reliable site for learning what the issues are and evaluating them as to the Stock Market. Every week the Author puts out a new detailed post outlining about everything you would wish to know on the issues affecting the markets. If you follow this type of information you would be well advised to add this to your weekly reading list. For a free site, it does not get any better than this. I suspect the site is better than most of the paid sites out there also.[bctt tweet=”You can waste a lot of time and get a lot of false information on the Stock Market from the internet.” username=”rickjsportplays”] Hopefully by top 10 free trading sites will help you avoid many of the pitfalls I have met over the years. My goal is to help as many sports bettors and traders as I can.
Now, of course, you can help me a bit by sharing my site with friends and using the sharing buttons on the site. It would be very much appreciated!
I have a few stock market positions now. I suspect a few of my shorts will be stopped out this morning with this gap up. However, I most likely will give it some room depending on the internals 10 min after the open.
I did initiate the first part of my TLT short yesterday and this morning that is looking good. In the event, you are following my trades I mentioned a stop on the 20 day MA on the 60 min chart. That should have been the 20 period MA. I want to thank the person that brought that to my attention as its easy to make this type of error writing a website.
I have also made several short-term day trades that have worked out well. I will be looking at another today if I can find one!
You can follow most of my trades at @rickjswings. It’s a private twitter feed where I post a few comments shortly after the market opens and post some of my trades that I make during the day. It’s free and most likely will remain that way as long as I do not have the time to devote as much of myself into it as I devote to handicapping sports.
Good Luck Today
RickJ’s Handicapping Picks