As the Federal Reserve has back-stopped the market for six years with massive quantitative easing, the upswings have gotten more robust. On the other hand, the collapses have become more epic as well in the past few decades with Federal Reserve intervention. Just look at the tech collapse in 2000-01 and the financial collapse in 2008-09. Federal Reserve intervention was not as robust as it has been in the last six years but the markets still had epic collapses. As an investor and trader, the swings test the best in the business and ultimately mean the charts must be read constantly. While no investor or trader nails the exact bottoms or tops every time, the best traders will consistently pick close to those key points. In addition, the best traders and investors are the ones that do not let emotion take control EVER. Emotion is the one thing that will cause more losses than anything else when investing. While the average investors will chase markets up and down, the pros have that ability to hold back, waiting for the perfect technical setup. [more]
Today, the big news report in the financial media is that Goldman Sachs Group Inc (NYSE:GS) has fired a junior employee and a supervisor for leaking confidential information from the Federal Reserve Bank of New York. Is anyone surprised that this incident actually happened in the first place? The answer is, no. In fact, the market does not care that information sharing occurred between Goldman and the Federal Reserve, as long as the stock market continues to rise. If this incident occurred in a bear market, then all hell would break loose, but that is not the case at this time. Here is another question, does anyone believe that this information sharing is not going on at other large "too big to fail" firms? If you still believe it is not, then I have a bridge to sell you. The bottom line, Goldman and the Fed are basically one in the same. [more]
Japans Prime Minister Shinzo Abe has had his country printing more money than the Federal Reserve. In fact, the amount they have printed has made the Federal Reserve look like they barely print at all. Japan did this all to try and stimulate their economy through consumer spending. How? Let me explain. The idea of global Federal Reserve banks has been to create inflation. By creating inflation you increase prices. If the consumer knows that prices will be higher in the future, they will buy today. That is the theory at least...
Just days ago, Japan announced that instead of over 2% growth, their economy had shrunk by over 1%. This was a shock and should truly freak you the f^*k out. If the country that printed more money than anyone else just slipped into recession, what chance does Europe or the United States have? To take it a step even further, if printing that much money did not stimulate continued long term growth, does printing money even work? That may be the bigger thing to freak out about. Has the global Federal Reserve policy of printing money done anything but set us up for a major catastrophe. Time will tell and unfortunately, we all will find out and suffer the consequences if their 'theories' were wrong.
Originally posted on InTheMoneyStocks.com [more]
This morning, leading off-price apparel and home fashions retailer The TJX Companies Inc (NYSE:TJX) is declining lower after reporting earnings. The TJX Companies Inc operates its stores under the T.J. Maxx, Marshalls, HomeGoods, and Winners trademarks. Today, the TJX stock price is trading lower by $1.77 to $59.76 a share. Day traders should now watch for intra-day support around the $58.36 level. This is an area on the chart that should be support by the institutional money. [more]
This morning, leading light emitting diode (LED), and semiconductor manufacturer Cree Inc (NASDAQ:CREE) is trading lower at the start of the trading session. Recently, CREE's stock price has stalled out on the daily chart around the $35.70 level. This resistance area is an important lower gap window from October 2, 2014. Often, gap windows will serve as major chart resistance when retested. Today, CREE stock is trading lower by 0.70 cents to $34.87 a share. Day traders should watch the $33.36 level for intra-day support. This is an area where day-traders can look for an intra-day bounce in the stock.
Originally posted on www.InTheMoneyStocks.com [more]