Why Does Window Tinting Bubble

March 31, 2012 by  
Filed under Gardening

Nothing lasts forever and you won’t find any modern products with the staying power of a roman coliseum. Everything from houses to cars or any other piece of property eventually succumbs to age. Window tinting film is no exception to the rule and will eventually break down. How long you will get good use from your tinting depends on several factors. Mainly the quality of the film used coupled with the workmanship of the crew that installed it determine its life the majority of the time but its lifetime exposure to the sun also can play a large part.

The poorest quality is usually dyed window film which can suffer fading in a matter of months iin harsh sunlight. Fading of this type is more common with the product the further south you go as the sun gets stronger towards the equator.

Hybrid films are generally better in quality than dyed films with an expected lifespan of around 5 years before wear, color fade and other problems start presenting themselves. However, hybrid films can see earlier issues just like dyed films when a bad installation or faulty product is used.

The highest quality vehicle window film is either metalized sputters or deposition window film. These films have an expected lifespan of around ten years and with care can even be made to last over a decade. In a good many cases it is conceivable that a good installation could actually outlast the usefulness of the vehicle that it’s installed on.

One of the worst things you can use is a cheap DIY kit. These kits have a tendency to separate under intense sunlight which is common in the southern half of the United States, like in Florida. When these cheap films start to go they will begin to warp and bubble and sometimes their dyes will shift to a purplish cast. The color shifting indicates a cheap and non-sturdy dye was used

The best way to avoid problems with your tint is to do your homework before you settle on a dealership or technician. Don’t just do business with the first tint shop you walk into, because you’re handing the overall appearance and performance of your tint to a complete stranger. Ask questions, review their work and check into their background before you hand over your money and your car.

Another thing to take into account is where you are getting your tint from. Buy from a reputable dealer that uses quality film. You want to avoid shops that use old or bargain basement films. These films can be poor quality and well on their way to being too old for use. Some might even be rejected defects from the factory sold off on the cheap. You want to be sure you will be covered if any problems arise with the installation so you should choose a reputable professional that will warrant their work and the product.

If installed properly, with a quality dealership and good film, your window tinting should last a long time – potentially longer than you own the vehicle which is always a perk. If you take good care of a vehicle, the window tinting you do could add a lot of value to a car, making it easier to sell or trade in when it finally comes time to upgrade.

There are a lot of classy upgrades that you can make for your vehicle, but none are as functional as window tinting Kansas City. Not sure where to get 3m fasara? Trust in the professional that have been handling cars in your community for years – click for more information on how we can boost the comfort and style of your ride.

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Easy methods to Decide on the best Window Tint

March 27, 2012 by  
Filed under Gardening

There’s a lot of competition when it comes to window tint shops. In Kansas City alone there are over a dozen and that’s only inside the city limits. There are at least that many individuals doing business out of their own garages and homes. What this means to you is a lot of choices and the burning question, who is the best professional to take my windows to?

Referrals are one of the best ways to choose a window tint shop, so if you know someone that recently had tinting done on their own vehicle then hit them up first and find out where they got the work done, if they’re happy and if they have any recommendations on where you should go.

If you really don’t know of anyone that you can ask then you’ll have to do a bit of homework on your own. It isn’t really all that hard to find out though. Simply go through local advertisements in the phone book and on the internet. What you’ll want is to choose 5 different tint shops that seem professional. After you have your list of tint shops you need to contact them ask the following questions.

1. How long have you been in business? Just about any business with an average brain at the helm can limp along for a few years with crappy service and discount prices surviving off of their “low, low prices”. It takes a bit more class and professionalism to hold out though. Find out if the company has been around at least 5 years because that’s a good indicator that they are more professional than some of the shade tree operators.

2. What type of tinting film do you carry? A quality tint shop will carry a complete line of window film from either one manufacturer or multiple manufacturers. This includes dyed, hybrid and metallic window films with variances in color and depth of tint. Avoid a shop that has limited film stock they aggressively push – they probably got it on sale and don’t have your unique desires or needs in mind

3. Can I see your shop or your samples? A truly professional shop is going to be customer centric and be all about making certain their customers are getting the best product and service for their money. They should be more than happy to show you the cars they are doing and the overall condition of their shop. If they don’t want to give you their time now how will you get it later if you have a problem?

Once you have inspected the shops and gotten all your questions answered get price quotes from each shop so that you can make your final decision. Make sure they give you exactly what you want. There are plenty of dealers around that will bend over backwards to make you happy. Also, don’t make price your biggest criteria. Base your decision on style, class, customer service, skill, price and all other factors that stand out to you.

There are a lot of classy upgrades that you can make for your vehicle, but none are as functional as Kansas City window tint. Not sure where to get window tinting in Kansas City? Trust in the professional that have been handling cars in your community for years – click for more information on how we can boost the comfort and style of your ride.

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Top Six Reasons to Spring For Window Tinting on Your Car

March 17, 2012 by  
Filed under Business

Window tinting has as much to do with performance and protection as it does with the actual look and style of your vehicle. The process of tinting windows used to be reserved primarily for government and luxury vehicles due to cost but simplifications in the process of window tinting have brought into the mainstream. Most new vehicles now come with some level of window tinting and just about any vehicle can have additional tint added.

There are numerous reasons to enhance the tinting on a vehicle ranging from health concerns, comfort, safety, privacy, etc. Likewise, adding the right level of tinting film to your vehicle can help preserve your investment in a vehicle. Of course going beyond protective measures, tint adds a lot of style to stock vehicle that’s hard to match. Here are 6 reasons to invest in window tint for your car, truck or SUV.

Avoid Overheating – The sun can increase the temperature inside your vehicle by more than 20 degrees on a hot day, and that change can happen in a matter of minutes. Properly applied tint can keep the interior of your car up to 60% cooler on hot summer days by acting as a radiant barrier.

Protecting your Body – UV radiation can be very bad for you in excessive amounts. It has been known to contribute if not outright cause sun burns, cancer, wrinkles, cataracts, ocular degeneration and blotches on the skin. By adding the proper tinting to your windows you can reduce the levels of UV exposure by as much as 99%

Accident Protection – Tinting is applied to windows in a film, and in an accident that film can act as a binding agent that holds shattered glass together. It won’t prevent a window from breaking completely but it could reduce the spray of shattered glass into a vehicle.

Enhancing Privacy – Thieves generally don’t steal what they can’t see. When you install a deeper tint on your windows it helps protect the contents of your vehicle by preventing would be thieves from seeing that there is anything there to steal.

Prolonging Vehicle Life – Those UV rays aren’t just harmful to you – they cause your upholstery to crack and fade over time. Car tint acts like a great sunscreen for your vehicle, protecting the internal surfaces from sun damage.

Safer Driving – Glare can happen for a good many reasons. Whether it’s the sun, oncoming headlights or other bright light sources adding a properly rated antiglare tint to your windshield and other windows in your vehicle can greatly increase the safety of you and your passengers.

Whatever the reason you choose, you can save a great deal of money by investing in window tinting for your vehicle. The cost will vary depending on the number of windows you have, the size of your windows, etc. but even for a larger vehicle it’s a sound investment that will pay you back in the end.

Boost the comfort and style of your car with window window tinting va. window tinting virginia is the only functional upgrade you can make to a ride that is not just visually appealing but works to keep your car cool. Click to learn how you can easily and affordably upgrade your vehicle.

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SPX’s Running Correction, Gold’s Setup, Oil Explodes!

February 14, 2012 by  
Filed under Investment

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.

Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.

The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.

Extreme Trend Trading Analysis

Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).

Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead.

SPX Running Correction

Since early September the equities market has been on fire. In late September the market was extremely toppy looking and trading at key resistance levels from prior highs convincing a lot of traders to take a short position. But instead of a correction the market surged and has since continued to grind its way up week after week.

This rising choppy price action can be seen two ways: 1. As a rising wedge with a blow off top (Bearish) 2. Or as a Running Consolidation (Bullish)

The running consolidation happens when buyers are abundant picking up more shares on every little dip. Overall looking at the intraday price action you will see market shakeouts as it tries to buck traders out before it continues higher. This choppy looking market action if not read correctly looks extremely bearish to the novice trader and the fact the market is so overbought it easily convinces them to take short positions. This choppy action is just enough to wash the market of weak positions before starting another run up.

All that said, both a blow off rising wedge and a running correction are very bullish patterns for a period of time. Again I cannot state it enough, trade with the trend and the key moving averages.

Gold Shines On The Daily Chart

The gold story is straight forward really… Trend is up, quantitative easing is back in action and that is helping to list gold and silver prices. Key moving averages have turned back up and gold closed at a new high which shows strength.

Golden Rocket

With another round of quantitative easing just starting and gold making another new high last week there is a very good chance gold stocks will rocket higher in the coming 8 months. I have been following Millrock Resources Inc. because of the team involved with this company. A breakout to the upside here could post some exciting gains if you take a look at the chart and see where the majority of volume has traded over the years along with the bullish chart patterns (Cup & Handle/Rising Wedge) with strong confirming volume. From 84 cents to the $3.50 area there should not be many sellers other than traders slowing taking profits on the way up.

Crude Oil Breaks Out Of Cup

Crude oil has been dormant the past few weeks even though the US Dollar has plummeted. But last week’s news on more QE was enough to send oil higher. The surge took oil prices straight to the 2010 highs as expected and blew past my first target of $86.00 per barrel. I figure it will consolidate here for a while until we see if the dollar bottomed last week or is just testing the breakdown level.

Weekend Trading Conclusion:

In short, the market has played out exactly as we planned and all four of our positions are deep in the money. As we all know the market goes in waves in both price and for trade setups. The past couple weeks were great for getting into trades and now the market is running in our direction. It will take a few days for the market to stabilize (pullback or pause) before we could get anther round of trade setups. Keep position sizes small as the market remains overbought and a sharp correction could happen at any time. Until then, keep trading with the trend.

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Here’s the Place for Natgas

February 13, 2012 by  
Filed under Investment

Natural gas is a broken global market.

For oil, there’s enough import-export capacity worldwide that global prices tend to align closely. In natgas, global markets are fragmented. Leading to disparate pricing in different regions. Just look at the comparison below, from PFC Energy.

One of the implications being: if you’re going to produce natural gas (or ship it as LNG), find the regions with the top prices.

Increasingly, it’s looking like this will be Asia. And specifically, southeast Asia.

By way of example, Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong said last Thursday that Vietnam will likely need to import over 800 billion cubic feet of gas annually by 2025 in order to meet demand.

The announcement came as part of the release of a World Bank report on Vietnamese gas sector development. In the work, the Bank estimates that Vietnam’s gas use will triple over the next 15 years.

The report also recommends that Vietnam move toward liberalized, competitive gas pricing in order to spur development of domestic gas resources. Exactly the kind of environment that will create opportunities for gas producers.

At the same time as gas demand is ramping up in nations like Vietnam and Thailand, the Asian super-powers are also hungry for supply. PetroChina said today that northern China (including Beijing) could face gas shortages of up to 300 million cubic feet per day this winter.

This is not a huge amount, relatively speaking. But it does underscore the point that Asian gas use is only growing, and supply (as well as transportation infrastructure) has lagged.

All the signs of a good gas market. I’m going back at the beginning of December to continue looking for projects that could capitalize.

Here is to the wide world of gas.

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The Coal Rush Cometh

February 12, 2012 by  
Filed under Investment

I’ve been talking a lot about coal lately.

Specifically, how India’s need for thermal coal imports is going to tighten this market, both in terms of prices, and bids for coal deposits within shipping distance of Asia.

India simply doesn’t have enough coal. As of yesterday, one-third of the nation’s coal-fired power plants were running at “critical” levels of coal stocks (meaning less than seven days of supply). And 10% are at “super-critical”, with less than four days of stock.

I’ve been on this theme for about six months. And finally some of the signs of India’s “dash for coal” are starting to appear.

First, buy-outs of coal deposits. Last week, Canadian-listed coal developer CIC Energy received a $400 million takeover offer from a “multi-billion dollar Indian conglomerate”. CIC is moving forward the Mmambula coal field in southeastern Botswana (thanks for the heads-up, Saee).

India is even getting active in the junior side of the coal business. This week India’s Bhushan Steel announced its intent to buy a stake in Bowen Energy, an Australian coal explorer and developer with projects in the Bowen Basin.

Then there’s the signals from the coal market itself. This week, the chairman of the Indonesian Coal Mining Association told attendees at the Coaltrans Upgrading Coal Forum in Jakarta that India will pass Japan as Indonesia’s biggest coal export customer by 2011.

“In the past, India only bought high-quality coal, but now they started buying a lot of low-rank coal also because of an increase in domestic consumption,” chairman Bob Kamandanu said. He predicted India’s coal imports from Indonesia will rise to 70 million tonnes, up from 40 million tonnes this year.

In addition, Bloomberg reported this week that traders handling Richards Bay, the biggest export port for South African coal, believe rising demand from India could push coal prices at this locale to a two-year high.

The piece also quoted T.K. Chatterjee, procurement manager at Indian power major NTPC, as saying, “India will be importing in a big way… This will lead to an increase in prices.”

Signs, signs, everywhere signs.

Here’s to fields of coal.

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Two International Natgas Opportunities

February 10, 2012 by  
Filed under Investment

The European Union is taking a serious look at natural gas.

Last week, the EU ratified a “gas solidarity” bill for Europe. The measure is aimed at ensuring steady and adequate natural gas supplies for all member nations.

For the EU, the biggest concern is Russia. Gazprom has showed its willingness over the last few years to use gas as a political lever, cutting off supplies in order to put pressure on Russia’s neighbors. Remember January 2006, when Gazprom squeezed the Ukraine, with knock-on reductions in gas supply for several other EU nations.

No one in Europe wants to see this happen again. So last week’s bill is calling for a number of important counter-measures.

Under the legislation, EU nations will have to create a plan to deal with a 30 day disruption of normal gas supplies.

This could be accomplished in a couple of ways. Firstly, securing alternative supplies. A good incentive for EU nations to support domestic gas drilling. After all, no supply is more reliable than gas flowing within your own borders.

The other way of dealing with supply disruptions would be building gas storage. By creating underground storage facilities, EU nations could build up strategic reserves as a buffer against any drop in imports.

Both drilling and storage could provide some interesting investment opportunities.

A third way of profiting could be from inter-EU gas trade. Under last week’s bill, EU authorities are proposing to legalize the trade of Gazprom-imported gas between EU nations. Something Gazprom has always opposed.

If trading of such gas across Europe becomes widespread it will open up arbitrage opportunities for nimble traders who know these markets. Such trading has been a profitable enterprise for some investors in the U.S., spurred by the development of several new pipelines over the last five years.

The new bill is still early-stage, but it’s an interesting start. We’ll keep watching to see what concrete measures governments come up with to support the gas industry.

Here’s to strategic supply.

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What Do Katy Perry and Eminem Have in Common?

February 9, 2012 by  
Filed under Investment

Answer: both were quoted in the keynote speech last week by U.S. Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia, at the 13th Annual Energy and Commodities Conference in Houston.

Referencing pop culture in a speech on derivatives is a little unorthodox. But what O’Malia was describing to conference attendees was even more so.

The commissioner was discussing the CFTC’s implementation of the Dodd-Frank Act. Otherwise known as the financial reform rules in the U.S.

A major thrust of Dodd-Frank has been the regulation of derivatives. Options, futures, swaps and other such instruments that are seen as being a large and potentially risky part of the financial infrastructure.

And the U.S. government and financial institutions have been working frantically since the financial crash to implement new rules to make derivatives trade safer. As O’Malia put it, “I’ve given up rolling up my sleeves and have just about torn them off.”

But much of this work is now coming to fruition. There have been a whirlwind series of meetings, speeches and seminars on proposed derivatives rules over the last several weeks in the U.S. The market is bracing for big changes.

And those changes are arriving. Today CME Group (owners of a good chunk of American trading platforms, including NYMEX and COMEX), announced that it has officially begun clearing of over-the-counter interest rate swaps.

Clearing of swaps is a priority item under the new rules. Basically this means when these derivatives are traded between two parties, the trade must be executed through a central, independent agent (much like a stock exchange does). Buyers and sellers are no longer allowed to do business directly with each other.

There are several reasons lawmakers pushed for greater clearing of derivatives. It standardizes the market. And provides some degree of insurance if trades go bad.

But one of the main stated reasons for the move is price discovery. By having one (or perhaps a few) central exchanges looking at all derivatives trades, government and regulatory bodies will be able to gather data on going prices, volumes and other metrics. In the past, such information was very hard to gather.

The result being, derivatives markets are going to get a lot more transparent.

Ultimately, this is a good thing. But the transition may be rocky. As I’ve discussed previously, price discovery can provide some unpleasant surprises.

Up until this point, there has been little data on the market value of many derivatives. Meaning that owners of such instruments probably had some leeway in reporting the value of their derivatives holdings.

That leeway is now disappearing. Clearing of derivatives will provide hard data on prices. It’s likely that holders will be forced to use such pricing for reporting purposes.

What do you want to bet that someone somewhere has been keeping derivatives on the books at inflated prices in order to beef up their financials? For any such groups, clearing and price discovery could lead to some significant write-downs. The kind that lead to the last crash, after the introduction of mark-to-market accounting rules.

This is a critical development. We’ll be keeping an eye out for any warning signs over the coming months.

Here’s to clearing things up.

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Fiscal Discipline and Unintended Consequences

February 7, 2012 by  
Filed under Investment

It’s no secret Ron Paul is expected to chair the Monetary Policy Subcommittee starting next year, and that he intends to properly audit the Fed and US gold reserves as initial steps in attempting to return America to some degree of fiscal discipline. Because there can be little doubt an expanding bureaucracy has hit the limit in terms of what the system can take, which is why you will never see the Fed voluntarily abandon QE2. And this is especially true because of the deflation (of everything from currency to population) peak oil guarantees, not to mention other unintended consequences increasing fiscal restraint would bring. The bottom line here is the bureaucracy will continue to monetize the debt on an increasing basis until the system implodes on itself, which will be the result of uncontrollable rising interest rates and gold prices, which according to Mark Lundeen should be considerably higher.

Impossible? It could be argued it’s already happening, where this week for example, despite a generous POMO schedule this week bonds are falling anyway due to the reporting of uncontrollable price increases and increasing sovereign credit concerns that will surely not disappear anytime soon. So please, don’t be confused by all the propaganda, no matter what the bureaucracy leaders tell you, money printing and monetization practices will remain relentless, although we may get a taste of austerity not many will like as we move into next summer as Mr. Paul does his damdest to fix the world, which will of course prove dangerous to our fiat currency economies at the time. Crashing stock and bond markets in North America will certainly make ‘austerity’ a four letter word as process unfolds, however there is no guarantee another bloated fiat currency system would emerge on the other side of an unwinding, making ‘debt’ an actual four letter word people (creditors) will undoubtedly be paying closer attention to under such circumstances.

In the meantime however, prices have not been falling to support the bureaucracy’s phony inflation reports, so with the retail trade ‘all in’ (to stocks) as reflected in US index open interest put / call ratios, explained here last week, it’s time for a short-term correction. At least that’s what it better be, or the equity complex will be in real trouble a bit early from a cyclical perspective, where we are anticipating a terminal high in stocks during the first quarter of next year, as per the count and patterning presented in the charts below. First we have the long-term Super-Cycle Grid that shows although more room exists for gains, we are entering a cyclical (time-line) turning point.

The second chart zooms in on the lower degree waves to look for clues in the most probable count, etc., displayed below, which in my view would confirm the rising and high probability of an important top being put in place sometime in the first quarter of next year, or shortly afterwards. What we have unfolding here is a typical zigzag, which is a five-wave sequence separated by a corrective three-wave sequence, followed by another five-wave sequence, which you can see has yet to unfold. I have studied the count here for some time and see no other alternative; especially given the big picture where we are expecting a test of the 2009 lows eventually (the larger degree a – b – c sequence in red), so none will be provided.

And as you may know, I also expect the same patterning and timing from gold (and silver) running into next year based on historical precedent (the last big top was in February), where although the cycle might run longer this time because of the higher degree (Grand Super-Cycle?) of the present move, still, some degree of top can be expected at this time, and I can tell you why. Why then? Because our buddy, Ron Paul, will likely be successful in getting enough people who matter pushed over into the Fed audit / austerity camp by then, which will be bad news for the aggregate bubble economy. And again, even if he is ultimately not successful in this regard, he will be making enough noise when he is first appointed chair to get people taking him seriously, which at a minimum will push prudent traders into defensive postures, which means lightening up on equities, precious metals, and anything else associated with the inflation trade.

Disclaimer: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. We are not registered brokers or advisors. Certain statements included herein may constitute “forward-looking statements” with the meaning of certain securities legislative measures. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the above mentioned companies, and / or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Do your own due diligence.

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How You Trade the Big Trends in 2011

February 2, 2012 by  
Filed under Investment

I hope everyone had a great holiday and new years!

It’s time to reset our profit counter to zero and start looking for new profitable trades along with managing our current open positions on our small cap stocks which we continue to hold with gains of 66%, 35% and 10%.

Last year was a tough one as the stock market chopped around in a very large range giving off buy and sell signals every week and some times every other day… If you understand how to trade optionsthen these conditions can make you a boat load of money.

Those who follow me or trade with me through my trading newsletter know how conservative I am when looking for low risk setups in both ETFs and stocks. And no doubt agree there were some extended periods of time when we did not have any trades because the volatility on a daily basis was making it the risk higher than what I wanted us to take, thus we waited for setups instead of chasing prices. We still locking in some solid gains with 8 winning trades, but feel we can better this year especially if we get less chop and more of a trending market.

It’s safe to say some people just do not like being in cash, hence the reason so many want stock picks and trades all the time. But to be flat out honest, I love being in cash or at least holding a good chunk in cash waiting for a high probability opportunity to pop up on my charts before committing my hard earned cash. It’s better to be wishing you were in a trade than to have all your money tied up in losing positions just because you wanted to be active… Because I give you only the trades I am making with my own money, I think that is the reason things are slower paced, unlike some other newsletters in this industry which fire off new trades each day or week just to keep those addicted (wanting stocks picks all the time) happy.

Anyways, 2011 should be a great year for trading, investing and education. Last years fast paced market I know either took your money and got you really frustrated, or you made money and was able to use the difficult conditions to fine tune your trading and money management stills like I did. 2011 feels like it’s going to start out similar to 2010 where we get a move up into mid January, but once earning season starts the market sells off on the good news for an 8-10% correction.

The good news is that after last years fast paced market and my constant refining of my strategy and money management rules, we should be able to catch the majority of the trends this year both up and down using stocks, regular ETFs and Inverse ETFs.

As much as I would like to forecast what I think will happen this year, I have decided to take the market one quarter at a time to keep everyone more in tune with what’s happening now and a glance forward up to 2-3 months.

Take a look my SP500 charts for the next 3-8 weeks below.

SP500 Index – Daily Chart On this chart you can see that the overall trend right now is still clearly up. But with this current situation I feel one should be on the sidelines waiting for the market tip its hand telling us its headed higher or lower. If it prices start to fall we will look to short the market in order to profit from the correction as long as the market provides an optimal opportunity.

Currently the market sentiment levels are at extreme highs, which is the same as last January and April’s highs. With extreme sentiment, light volume (lack of buyers) and earning season just about to start I cant help but think a nice correction is about to take place which will cleanse the market before the next big leg higher.

If all goes according to plan we should see an 8-10% correction. A pierce of the November low is what I am looking for as that would trigger a lot of protective stop orders and create panic selling in the market. It is panic selling which creates a market bottom. That being said we may not get that large of a correction which is why we must continue to monitor the market closely as my analysis will change with the market.

Jan 2010 SP500 Correction This time last year the market was in a very similar situation with market sentiment, light volume, and earning season just around the corner…

Its difficult to pick tops because they can stay overbought for an extended period of time, bottoms are a little different simply because fear is more powerful than greed and shows it’s self on the charts once you know what to look for and how to trade it. My point here that you should not jump the gun and start shorting just because you think one is around the corner. I prefer to wait for more of a clear signal that sellers are in control then ride the short term down trend and hope it blows up into the correction I think we are about to see.

During bottoms there are new low washouts, and the same goes for tops, we get several small new highs just before the price rolls over, and that has yet to happen.

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