Vince and Oliver discuss the latest Pearlfisher newsletter. Earnings for Q409 will be the driver in 1Q10. Should you be engaged in some investments no matter what the market. Oliver makes the point of be aware of the risks in the portfolio. It's your responsibility because it's your future. (mp3)
Vince will send a CD "Trading as a Business" free by sending email to vrowe at tradingacademy.com. Setting up the appropriate entity can have a major impact on your profits. Signs of equities slipping 3Q10 due to lower earnings. 10000 mark on the Dow is major resistance from previous highs. Watch the new high/new lows. (mp3)
Downside potential is 5 to 10% is nothing major. Commodities have more upside than equities. Easy trades were in April. Take profits on equities. Dollar drives commodities till March 2010. Lumber leads housing about 6 months. If lumber turns up, REITS will be attractive. (mp3)
Oliver discusses DXY which is a basket of currencies versus the dollar using a 25 year chart. Dollar is in dangerous territory. Now at 75 with 71 as low. Usually follows 8 year cycle, last peak in 2002, so low next year. We are near major support for the dollar. Do your homework before investing. (mp3)