U.S. debt now about 73% of GDP

U.S. debt now about 73% of GDP, CBO says


WASHINGTON (MarketWatch) - The U.S. national debt is now about 73% of gross domestic product, the Congressional Budget Office said Tuesday. The percentage of debt is higher than any point since around World War II, and twice the percentage it was at the end of 2007, the nonpartisan agency said in its long-term budget outlook.

If current laws stay in place, debt will decline "slightly" relative to GDP over the next few years, the agency said. But it warned that growing future deficits will push the debt to 100% of GDP 25 years from now.



http://www.marketwatch.com/story/us-debt-now-about-73-of-gdp-cbo-says-2013-09-17-1091240?link=sfmw_fb


U.S. on ‘unsustainable’ budget course: CBO
Debt to reach 100% of GDP in 25 years, agency estimates


http://www.marketwatch.com/story/cbo-issues-fresh-long-term-debt-warning-2013-09-17?link=MW_pulse

4 Billionaire Investing Strategies For Non-Billionaires

A number of other hedge fund billionaires have earned their fortune the old-fashioned way: through savvy stock picking.

Even mainstream investors like us can profit by learning from their approaches. Here's a look at four unique approaches they've employed to build their stock market riches. 

Click here to read....

http://www.businessinsider.com/4-billionaire-investing-strategies-for-non-billionaires-2013-9




 

Stock Pick Analysis: SNTS

Hi Traders,

Today, we will analyze the chart of SNTS.

I had purchased the stock at 23.89.

Here are the reasons I had purchased the stock.

1. The stock was in an uptrend. Notice that the stock is moving up in a smooth uptrend. What does that mean?
That means that the Big Boys ( Hedge funds, Investment Banks, Financial Institutions ) are acccumulating the stock.

2. The DreamTai Power Ranking was above three. That means that the Big Boys were buying the stock in LARGE VOLUME. The fact that they were buying in large volume means that they were dead serious about this stock.

3. The stock formed a  triangular wedge. This gives us a good opportunity to buy as soon as the stock goes above the wedge.
I got the stock at 23.89 right when it jumped above the wedge.

The stock reached upto 28 and then retraced back to 22.

I have already put a stop loss so I am not worried if it goes lower.


SanJOY

How to analyze a stock using Price Action Trading techniques

This video by Lance Beggs gives a top level view of the price action trading approach.

There are three steps:

1. Market Structure
2. Trend Analysis
3. Price Analysis

Price Bar Reversal Patterns Video Series

Here is a video series of Price Bar Reversal Patterns by Lance Beggs, who specializes in short time frame discretionary trading through price action methodologies.

He has done an amazing job in explaining all the Reversal trading patterns.

You can enjoy his articles at http://www.YourTradingCoach.com and his blog posts at http://www.YourTradingCoach.blogspot.com

Candle stick Pattern Analysis: Complete Video Series

Here is a video series of Candle Stick Analysis by Lance Beggs, who specialises in short timeframe discretionary trading through price action methodologies.

He has done an amazing job in explaining all the candlestick trading patterns.

You can enjoy his articles at http://www.YourTradingCoach.com and his blog posts at http://www.YourTradingCoach.blogspot.com

Stock Pick Analysis: CAR

Hello  Traders,

Let us look at a losing trade I have made.

It is losing money, but i have no regrets and no worries, because I have my risk under control. I have put stop loss sell orders and I know the maximum amount of money I will lose.
So, I can sleep at night without any worries.

I purchased the stock at 32.62. The reason was that:

1. The stock was going up in a smooth manner.
2. The DreamTai Stock Trading Software had a Power Ranking of more than 3, which showed that there was high buying volume.


So, I purchased it. But within the next few days, the stock turned downwards.


It is moving down in a triangular wedge pattern. It has support at 26.5 area, so I expect it to bounce from there.
It has previously bounced more than 6 times from that area.

If this stock goes below this area of Support, I will get out of this stock and focus on other stocks.

That's life and that's trading..we win some. we lose some..As long as we  control our risks, we will win in the long run.

Sanjoy

Stock pick analysis: LGF

Hi Traders,

Let us focus on this stock  LGF

It is a stock with a lovely trend.
Notice how it is moving up smoothly.

Reasons for purchasing:

1. It formed a triangular wedge formation.

2. The DreamTai Stock Trading Software Power Ranking was greater than three, which implies that there was a large buying volume.


I purchased 50 shares  at 28.44
The stock is still moving up smoothly.

It is a beautiful trade.  I wish all my trades were like this. :-)

Stock pick analysis: RM

Hi traders,

Let us focus on this trade:

Reasons for buying:

1. This stock RM was in a wedge shape triangular formation.

2. The DreamTai Stock Trading Software Power Ranking was greater than 3, which means that there was very high buying volume.

I purchased 120 shares of RM  at 25.49.
The stock went up to around 27 and faced resistance.
So, it went in a sideward trend.
Notice that the resistance area of 27 turned into support area later on.

After resting at this support area, the stock has again resumed its upwards journey.

The stock may face  resistance at the prior peak at 31-32 area.

As long as the stock is going upwards, there is no reason to sell.

Trade Analysis: APFC

Hi traders,

In this post, I wanted to share some of my trades along with a commentary on why I had traded these stocks.

I will focus on one of the trades I made: APFC.

Reasons for entering the trade:

Here are the reasons that I had entered the stock.

1. If you look at the chart, the stock is in a steady uptrend.
This is a very good sign. It means that the stock is being accumulated by the big boys- hedge funds, banks, financial institutions.

Note that it retraced for some days, a few times, but went back up immediately. This shows that it is a strong stock.

2. At the time of purchase, DreamTai trading software was showing that this stock had power ranking greater than 3, which implies that there was strong buying volume.

 3. The stock broke out of a triangular wedge formation.

4. The stock broke out of 30, which is a round number. Usually round number offer resistance and stocks bounce down from the round numbers.
You notice that there was a confluence of two factors: A triangular wedge and the round number, both of which could push the stock down.
But the stock was so powerful that it pushed through both these and bounced up.

I bought 60 shares at $29.60 for this stock account.

Trade Management:

I  have put a stop loss sell order for half of the position at $44.
And moving the stop order for the other half to breakeven..that is $29.60.

Why did I take $44? Because that is around 32.8% Fibonacci retracement from the bottom to peak.

What's next?

Who knows?.But  as traders, we have to be prepared for anything.

Don't be in a hurry to sell and take profits. Let the stock take its own time to go up.

Hope this posting is helpful.

Sanjoy