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April 22, 2014 - The Bad News for the Bears Continues by Market Authority
A few weeks ago, on April 4th, the BLS released a meaningless unemployment number.
On the same morning, the market began a multi-day selloff. This selloff appeared like bandwagon selling and I questioned how long it would last…
Today, after a selloff and low volume rally, the market has returned to the same level as it sat pre-unemployment report. If you were away on spring break with the kids, the good news is you didn’t miss anything!
Take a look at the 1-month chart of the SPY’s…
And now here comes the bad news for the bears. The SPY is a mere 50c away from an all-time closing high.
Once this top is taken out, the investors who put on bear suits after the employment report should push the market to higher levels this week. You can see this by how the market traded sideways throughout March. The early-April sharp selloff caused investors to jump on the move and turn bearish. Now these bears need to cover shorts and add exposure as the market moves higher.
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Stock Option Forex Futures Trading Seminars Webinars Workshops Events
Click Here For The Complete 2014 Schedule
AVATrade Free Forex Trading Webinar / April 23
CandleChart's Steve Nison Market Strategy Session Webinar / April 24
Dr. Van Tharp Blueprint for Trading Success Workshop / April 24 to 26, Cary NC
OptionTiger Free Option Trading Webinar / April 27
MetaStock Trading Software Free Training Webinar / April 29
Trading Mentorshop with Dick Diamond of Elliott Wave Intl / May 04 to 07, Las Vegas NV
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The Process of Financial Freedom - Knowledge Goals Plan Action Success
What does it take to be a financial success? Create passive income where money works for you instead of active income where you work for money. Active income is working for money, and when a person stops working the income stops too. Passive income is potential income such as investing in a business, real estate, stocks, bonds, options, forex, futures, and commodities that can earn an investor income 24 hours day. There is risk in investing, and investors should become aware of this investment risk and manage the risk with strong disciplined money management. With passive income an investor can be earning money while not working. Start with attaining investing education and knowledge. Set dated investment goals. A goal with a date puts urgency to the goal. Its goals and dreams that move persons to take action and make them a reality. Create or obtain a sound and flexible investment trading plan. Then take action on the plan. Continue to fine tune your plan regularly. The result in time will be financial success. It takes time and persistence for an investment to earn a strong return in the long term. Don't give up. Losers quit and winners never give up.
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Investing Trading Goals
Being financially free is having the money to use your time the way you wish. Setting dated financial goals is the first step to financial freedom. Financial freedom provides the ability to do what you want when you want. Financial freedom comes from investing in passive income investment assets that create return on equity over time, and pay you money even while your sleeping or on vacation. Stocks, bonds, options, forex, commodities and real estate are examples of investment assets that earn investors passive exponential income. Successfully investing trading in these these types of investment assets can provide complete lifetime financial security and freedom.
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Investing Trading Plan of Action for Success
Start the investment journey now. Surf the site for things that interest you and that you can learn how to invest and trade for financial freedom. Time and money freedom success can be yours when you choose to educate yourself, set dated investment trading goals, and implement a plan of action. Dreams do come true, so dream big, and have the life you really want for you and your family. Knowledge > Goals > Plan > Action > Success