Author Archive for Robin Hood Trader

Inflation Nation

Click here to sign up for a free subscription to the PSW Report.  It’s easy!  – Ilene

Courtesy of Robin Hood Trader

Inflation Nation 

What is the effect of stimulating inflation?  Click on the video above to find out!

 





Market Outlook May 11

Courtesy of Robin Hood Trader

Market Outlook May 11

Wondering which way the market is headed?  We nailed the market direction yet again last week so make sure to view the video below to find out this week’s market forecast.  And if you would like to chat with us simply click here.

 





THE WEEK THAT WAS: 4/13-17/2009

Updates on the week that was and the week that is to be, courtesy of Robin Hood Trader. – Ilene

THE WEEK THAT WAS: 4/13-17/2009

April 18th, 2009

ROBIN HAS BEEN ABSOLUTELY SPOT ON IN HIS MARKET CALLS!! “ANY CALLS BEYOND A FEW DAYS TO A WEEK ARE PURELY SPECULATION, HOWEVER, I HAVE BEEN ABLE TO ACCUATELY CALL THE SHORT TERM MARKET WITH A COMBINATION OF COMMON TECHNICAL INDICATORS USED IN AN UNCOMMON WAY.” SO HOW DID ROBIN DO LAST WEEK!?

COMMENTS FROM LAST WEEK’S BLOG POSTED ON 4/11/2009:
 
DOW: “THE DOW WILL CONTINUE HIGHER TO TEST THE DOUBLE TOP FROM JANUARY/FEBRUARY. THE FIRST TEST WILL BE AT 8315 AND THEN 8405. IF IT BREAKS THOSE LEVELS, IT WILL MOVE HIGHER TO CHALLENGE THE SWING HIGH AT 9088 FROM THE FIRST OF THE YEAR.”  
 
What happened!? We went higher as forecast, reaching a high of 8190 on Friday 4/17, closing at 8131.
 
SPX: “THE SPX IS GOING HIGHER TO TEST THE DOUBLE TOP AT 877 FROM LATE JANUARY AND MID FEBRUARY. FROM THERE, THE NEXT STOP IS THE DOUBLE TOP AT 918 FROM DECEMBER ’08. I BELIEVE IT WILL EVENTUALLY HIT THE SWING HIGH AT 944 FROM EARLY JANUARY.”
 
What happened!? Up we went to test the high at 876 on Friday 4/17 and settled at 870.
 
COMPQ: “THE COMPQ SHOULD TEST 1666 THIS WEEK. IF IT BREACHES THAT LEVEL, WE HAVE A STRAIGHT SHOT TO THE SWING HIGH OF 1786 FROM 11/4/08.”
 
What did it do!? The COMPQ reached a high of 1682 on 4/17 and closed at 1673.
 
Monday formed a hanging man candle, which is bearish. Profit taking was evident in the morning hours, but the indexes rebounded late to pare losses as the DOW finished down 25 points. 
As expected, Tuesday was bearish on economic news and some less than upbeat comments on the economy by President Obama. The DOW closed down 138 points.
Wednesday morning, the trading was bearish based on poor manufacturing data. However, better than expected earnings pushed the market higher in the afternoon to close up 109 points on the DOW.
Thursday saw a continuation of Wednesday’s triple digit gain as the markets battled off negative jobless claims numbers and declining housing starts to close 96 points higher in the DOW.


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THE WEEK THAT WAS: 4/6-9/2009

Courtesy of Robin Hood Trader 

THE WEEK THAT WAS: 4/6-9/2009

OTHERS HAVE BEEN CALLING FOR A RETRACEMENT TO RE-TEST THE LOW FROM MARCH 6TH, HOWEVER, ROBIN HAS BEEN CONSISTENTLY AND ACCURATELY PREDICTING THE MARKET AND HE CALLED FOR A CONTINUATION OF THE RECENT BULL RUN.  ”I GOT THE DIRECTION RIGHT LAST WEEK BUT THE MAGNITUDE OF THE MOVE WAS NOT QUITE THERE.  I KNEW THAT FOR THE MOST PART, THERE WOULD BE LOW VOLUME DUE TO THE SHORTENED TRADING WEEK AND AS SUCH IT WOULD BE MORE DIFFICULT TO MAKE THE ENTIRE MOVE UP TO RESISTANCE LEVELS. WITH EARNINGS SEASON KICKING INTO GEAR NEXT WEEK AND EVERYONE BACK FROM THE HOLIDAY WEEKEND WE SHOULD RESUME OUR MOVE HIGHER.” 
 
Last week’s comments published on 4/4/2009:
DOW: “I feel we are still going up with my first target at 8315 and then 8405”
SPX: “We will continue to rise to challenge 875”
COMPQ: “The COMPQ is going up to challenge 1666.”
Monday, Mike Mayo an analyst with Calyon Securities downgraded the financials with his “Seven Deadly Sins of Banking” and the DOW closed down 42 points.
Tuesday kicked off earning season with the likes of AA and MOS. GM is looking to file bankruptcy and AIG was shopping their asset management business as the DOW continued yesterdays’ decline by falling another 186 points.
Wednesday, the Treasury opted to extend bailout money to the Life Insurance Industry. Pulte Homes announced plans to acquire Centex and the FOMC minutes predicted slower growth for the next 1 ½ years. The DOW sorted through this information and closed higher by 48 points.
The trading week finished early due to Easter with Thursday’s action posting big gains as WFC blew the doors off their earnings. The DOW registered a 246 point gain.
Last Friday’s close to Thursday’s close this week posted gains on the major indexes with the DOW up 65, the SPX better by 14 and the COMPQ  gaining 31.

CHARTS WEEK ENDING 4/9/2009

 4-11-2009-10-37-51-amindu

-The DOW will continue higher to test the double top from January/February.  The first test will be at 8315 and then 8405.  If it breaks those levels, it will move higher to challenge the swing high at 9088 from the first of the year.

4-11-2009-11-09-04-amspx

-The SPX is going higher to test the double top


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CONSIDER THE LONGER VIEW

Courtesy of Robin Hood Trader

COMMENTARY: CONSIDER THE LONGER VIEW OF THE MARKET

4-10-2009-3-51-03-pm20yrchart2 
 
Sometimes as traders, we get caught up in a ‘Micro View’ of the market and neglect the longer picture. It can be detrimental to your financial health to take such a stance. The debate rages on as to whether or not we have put in a bottom in the market. As a chartist, it looks like in the short term view we may need to come back down and retest the recent lows of March 6. The RUB is that many traders fail to consider the larger picture when doing their analysis. We all agree that chart patterns such as double tops and bottoms can be critical areas of support and resistance. When analyzing charts with 6 month to 2 year times frames, the chartist would surmise that another leg down is required to put in a double bottom. While that may in fact be the case, it is not necessarily needed.
 
When considering the 20 year chart of the SPX, you will see my point. It is many times beneficial to do a top down analysis and start with a ‘Macro View’ of the markets and then narrow the analysis from that point. As you can see, from the perspective of the 20 year chart, (one could actually see this in a 10year chart, but I have included the longer time frame in order to put the trend in context of the overall market) you can see that we have in fact already tested the bottom from 2002-2003.
 
Please keep in mind that it does not preclude the market from moving down and retesting the recent bottom from March 6th. However, from a technical analysis perspective, it is not required that it do so.
 
Best, Robin

 





THE WEEK THAT WAS: 3/30-4/3/2009

Here’s Robin Hood Trader‘s review for the last week and thoughts on this coming up week.

THE WEEK THAT WAS: 3/30-4/3/2009

Courtesy of Robin Hood Trader

How did we do this past week? We had a brief consolidation as predicted and moved higher as forecast. However, we did not get as high as anticipated.
 
Comments from last weeks’ blog posted on 3/28/2009:
 
The SPX:   “I feel that 804 will hold and the SPX will move higher after a brief consolidation and challenge 875.”
 
The DOW: “My feel is that we are still going higher after a brief respite at current levels.”
 
The COMPQ: “I feel we will briefly rest at current levels and then go higher to challenge 1598 and then 1666.”
 
Monday, the Obama administration rejected business plans for GM and Chrysler as GM’s CEO Rick Wagoner resigned at the request of Washington. The DOW turned down 254 points.
 
Tuesday, the last day of the quarter, ended on an uptick as the DOW finished higher by 87 points primarily due to “Window Dressing” by fund managers.
 
Wednesday began with dismal employment data as the ADP numbers were worse by 742,000. The ISM report pushed stocks higher as Q2 began on the positive side of the ledger with the DOW gaining 153 points.
 
Thursday revealed better than expected factory goods orders and positive news from the G20 conference in London as the DOW jumped 216 points.
 
The week ended on a strong note as the market refused to close in the red even after abysmal Non-Farm Payroll numbers. RIMM bested street estimates and shot higher as the DOW finished 39 points to the good. 
 
Week over week, the DOW was up 241, the SPX gained 27 and the COMPQ was positive by 77.
Learn the secrets of consistently profitable traders. Click here!!!
 
 
 

April 4th, 2009

4-4-2009-10-35-56-amindu
 
-The DOW formed a classic “J Hook” pattern and it looks like it wants to move higher.  Friday’s action formed a “Hanging Man” on lower volume.  Under normal circumstances, I would speculate that the index wants to go lower based upon that candle and coupled with the decreased volume, however I don’t think that is the case.  We have a shortened trading


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THE WEEK THAT WAS: 3/23-27/2009

Market Update, courtesy of Robin Hood Trader 

THE WEEK THAT WAS: 3/23-27/2009

We didn’t get the bounce off of lower levels before going up; we just continued to push higher this past week. The following are comments from last weeks’ blog published on 3/21/2009.
 
Comments from last week on the DOW: “Look for a retest and a bounce to retest resistance at 7449-7551. If the index breaks through that area, the next stop is 7800.”   
 
So what happened?  We ended the week on the DOW at 7776!
 
Comments from last week on the SPX. “Look for a successful retest of 741 and a bounce higher to re-challenge the resistance at 804”. I also indicated in my chart analysis on the SPX from last week that there was resistance was at 819.
How did the week really play out?  The SPX ended the week at 816!
 
The week began with a massive move up in the markets. The DOW closed up 497 points. Treasury Secretary Tim Geithner went from goat to hero as he announced details regarding the Public-Private investment program designed to remove up to $1 trillion in toxic assets from the balance sheets of banks. Existing Home Sales surprised by rising 5.1% in February.
 
Tuesday experienced profit taking as one would expect after the large move on Monday. Geithner and Bernanke testified on The Hill with AIG taking most of the heat on the bonus mess. The DOW closed down 116 points.
 
Wednesday, Durable Goods Orders surprised on the upside rising 3.4% in February and New Home Sales increased 4.7% in February to spark a move higher. The DOW finished the day 90 points to the good.
 
The market received mixed news on Thursday as  4thquarter GDP was revised to a more favorable number. However, the jobless claims made record highs. Earnings came in strong for some retail stocks and the Treasury auction on 7 year notes went well as the DOW sorted through all of this and decided to trade up 175 points.
 
The week ended with the DOW retracing 148 points on declining Consumer Spending and Income Reports as several companies announced job cuts.

Week over week, the DOW gained 498, the SPX was up 48 and the COMPQ was better by 88.

Come join us at marketamer and learn how to consistently pull money from the markets.

 

CHARTS WEEK ENDING 3/27/2009


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Guy Cohen Interview with Robin

Guy Cohen Interview
Guy Cohen is the creator and originator of Flag-Trader
as well as being the author of two best selling books
published by FT Prentice Hall, with a third to follow in 2009.

Options Made Easy
The Bible of Options Strategies
Volatility Made Easy (2009)

Quote from Robin : “I strongly endorse Guy Cohen’s ‘Flagtrader’ system because [...]





Charts for the Week

By Robin Hood Trader

   

2-7-2009-11-56-33-aminduindu2

The first resistance target is 8340-8405.  If the DOW successfully breaks through that  level, with better than average volume and it stays above that area for at least two trading sessions, then chances are we will be heading to 9000.  If the DOW moves through 8400, it is likely to retest 8400 as new support before moving up.  It is very unlikely that the DOW will break support at 7900.  Robin says we’re going up.

2-7-2009-12-12-47-pmspx

We are at a confluence of resistance with the first challenge at 878 and then a host of congestion from December.  If we break through 878 on volume, we will likely continue up to 944.  If the SPX successfully moves through 878, it will most probably come back down to 878 briefly to retest old resistance which then becomes new support before starting move up to 944.  We have solid support at 800 and it is my opinion that we are not going to break it any time soon.  Robin says we’re going up.

2-7-2009-1-05-20-pmcompq

Next stop is 1666!!





THE WEEK THAT WAS 2/2-6/2009

Robin must have a crystal ball!!  Not really, he just has a knack for calling the market.  If you want to learn how he does it and learn how to trade the market the way he does, then click here.
Here is the chart commentary from last week posted on Saturday 1/31/2009.
“ 7900-8000 has exhibited remarkable [...]





 
 
 

Zero Hedge

For The First Time Since The Crisis, Companies Spent More On Buybacks And Dividends Than They Earned...

Courtesy of ZeroHedge View original post here.

It will hardly come as a surprise to many, but according to the latest cash flow analysis from Goldman Sachs, 2018 was a record year for S&P 500 cash spending: not only did aggregate spending on capex, R&D, cash acquisitions, dividends, and share repurchases rose by 25% to $2.8 trillion, "the fastest year/year growth in 30 years"...

...



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Phil's Favorites

Fed's Balance Sheet Spikes by $253 Billion, Now Topping $4 Trillion

Courtesy of Pam Martens

By Pam Martens and Russ Martens: October 18, 2019 ~

Shhh! Don’t tell Congress that the Federal Reserve is back to electronically creating money out of thin air to throw at a liquidity problem (of an, as yet, undetermined origin) on Wall Street. And be sure not to mention that the Fed’s balance sheet has shot up in a period of just 42 days by $253 billion. And, of course, don’t remind Congress that before the last Wall Street crisis was over the Fed had secretly, with no oversight from Congress, piled up ...



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Insider Scoop

48 Biggest Movers From Yesterday

Courtesy of Benzinga

Gainers
  • Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA) shares climbed 43.2% to close at $3.58 on Thursday after the company announced the publication of a research article, "A Pan-Cyclophilin Inhibitor, CRV431, Decreases Fibrosis and Tumor Development in Chronic Liver Disease Models," in the peer-reviewed Journal of Pharmacology and Experimental Therapeutics.
  • Synthesis Energy Systems, Inc. (NASDAQ: SES) rose 26.9% to close at $9.20 after surging 12.24% on Wednesday.
  • Assembly Biosciences, Inc...


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Kimble Charting Solutions

Bank Index Breakout? Stock Market Bulls Sure Hope So

Courtesy of Chris Kimble

One of the most important sectors of the stock market is the banking industry and bank stocks.

When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market.

In today’s chart, we look at the Bank Index (BKX).

As you can see, the banks have been in a falling channel for the past 20 months. As well, the banks have been lagging the broader market during this time as well – see the Ratio in the bottom half of the chart above.

That said, th...



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The Technical Traders

Currencies Show A Shift to Safety And Maturity - What Does It Mean?

Courtesy of Technical Traders

Recent rotation in multiple foreign currencies hints at the fact that a new stage of the “Capital Shift” process is taking place and that skilled technical investors need to pay very close attention to how these currencies continue to react over the next 3 to 6+ months.  In the recent past, most of the world’s foreign currencies were declining in value while the US Dollar continued to strengthen.  In fact, we authored many research articles about these trends and how weakness in foreign currencies will drive new foreign investment into the US stock markets for two simple reasons; strength and security. 

Now that a few of the world’s most ...



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Chart School

Review of Andrew CardWell RSI with Wyckoff price waves

Courtesy of Read the Ticker

RSI measures relative strength of price action of a set period versus prior set periods. It helps review the price swings or waves, the power of each price thrust into new ground, or lack of it. Price thrust like many things relies on energy, and energy is not a constant, it has a birth, a life and a death and relative strength helps us see that cycle. 

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Digital Currencies

Zuck Delays Libra Launch Date Due To Issues "Sensitive To Society"

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. 

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out,” he said. “But ...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

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Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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