A list of penny stocks is needed to get started in making money. You have to find a reliable source that is published by a legitimate firm that has done their research. See, penny stocks are pretty volatile as they usually represent the small companies across the nation. Many of these companies do not last very long and if you buy penny stocks in these companies you are setting yourself up to losing money as opposed to gaining it. If you are willing to add a little bit of risk into your life, then you can take a chance on good penny stocks to make some money.

I did my homework on these investments and the hardest part about penny stocks trading is the lack of information on the companies offering the stocks. Because these companies are so small they are not researched as thoroughly as large firms, leaving you with only a basic idea of what the company is about and how they are faring. This is frustrating but when you use a list of penny stocks from a reliable source to find companies to invest in you do not have to worry about the lack of information available.

There are plenty of options when it comes to using a penny stocks list to find companies to invest in. Yes, the stock market still has not completely bounced back from the most recent crash and recession, but these stocks are inexpensive and have the potential to become some serious players on the market when it does come back. Take your time finding a penny stocks list and then try a few small investments to see how you do. You may be surprised at the money you earn.

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S&P 500

The stock market plunged as the Gulf Oil Crisis pulled the energy sector lower. The slowing activity in China and the ongoing debt crisis in Europe pushed the dollar higher while pushing commodities trended lower. The S&P 500 index ended at the low of the day breaking the 1075 natural support level on the 5 minute chart to 1071. 2010 is also the year for mid-term elections so expect major activity towards after November’s Election Day.

We have said that we will be within a trading range between 1075 and 1100 due to the slow volume summer months. The S&P 500 index is currently trading below the January 2010 resistance level and ended the day on Friday on the 200 day moving average on the daily chart of 1085.

Market volatility returned with the worst month of May in 60 years. The Chicago Board Options Exchange (CBOE) Market Volatility index (VIX) measures options activity within the market and is widely used tracking the S&P 500. A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the Treasuries, gold, and the dollar.

As long as we stay above this level expect pessimism as we approach the slow summer months. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. The index is above the 30 mark so unless it is below this level do not expect a confirmed rally or upside within the equities market.

Summary of Pivot and Technical Levels

1219: S&P 500 52 Week High

1114: 144 Day Fibonacci Moving Average on Daily Chart

1100: Natural Resistance Level

1090: Strong Resistance Level

1087: 200 Day Fibonacci Moving Average on 5 Minute Chart

1087: 144 Day Fibonacci Moving Average on 5 Minute Chart

1085: 200 Day Fibonacci Moving Average on Daily Chart

1175: Natural Support Level

1050: Natural Support Level

Wednesday Economic Calendar

Motor Vehicle Sales

Mortgage Applications / 7.00 EST

Pending Home Sales Index / 10.00 EST

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

S&P 500 Pivots

On Thursday the US equity indexes continued it’s May sell off philosophy. All the major indexes were down for the day amplified by the European debt crisis, the oil-spill in the Gulf, and the recent 1000 point crash in the Dow Industrials. After a three day sell off there could be a possible rally due to options expirations tomorrow as well as traders and investors getting out of their short positions prior to the weekend.

The S&P 500 index on the 5 minute chart fell for the third straight session trading below the 144 and 200 day moving averages. The 200 day moving average converge with Wednesday’s previous low at 1101 so expect resistance between 1100 and 1101 going into Friday’s trading day. Commodities are weaker due to the events listed above as well as a possible slowdown in China will drain global growth. Today jobless claims were released and a jump from 25k to 471k didn’t encourage the US equity markets.

Currently the index is below the 200 day moving average on the daily chart. We have told our readers before the S&P 500 is currently undergoing a correction. On the daily chart of the index is currently trading below the January 2010 resistance level of 1121. The first resistance level is 1100 and 1101. Expect the S&P 500 to find resistance breaking the second resistance level between 1117 and 1120 area as it is below the January 2010 pivot level of 1121. We had a three day sell off in equities as we approach Friday’s trading day. Tomorrow expect a mini rally due to options expiration.

The market volatility index (VIX) measures option activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off as traders and investors are seeking protection for their assets instead of risks.

A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. As long as we stay above this level expect pessimism as we approach the slow summer months.

Summary of Pivot and Technical Levels:

1219: S&P 500 52 Week High

1101: 200 day Fibonacci moving average on 5 minute chart

1100: Natural Resistance Level

1096: 144 day Fibonacci moving average on 5 minute chart

1127 – 1141: Major resistance level for the S&P for January 2010

1117: 144 day Fibonacci moving average on daily chart

1085: 200 day Fibonacci moving average on daily chart

Friday Economic Calendar:

No Economic Numbers Scheduled

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

All Right Reserved TraderMongers.com © 2010

S&P 500 Pivots

Many traders and investors covered their short positions on Friday before the weekend rallying the US equities markets. The switch from cash to equities also helped the euro strengthen. However disaster still looms over the euro regardless of Germany offering a bailout package up to $750 billion. The 16 member European Union still have high debt to GDP ratios that need to be addressed before the euro has some stability.

China is showing some slowing as rising inflation is causing a real estate bubble. A trade deficit occurred in March as imports are rising compared to exports indicating a slowdown in industrial manufacturing. The slowdown in the global economies as well as falling prices in metals is showing deflation around the world.

The SEC introduced a circuit break rule to prevent the ‘flash crash’ of May 6th to the S&P 500 equities.  If the stock market drops down 10%, trading halts for 5 minutes before resumes. This rule is in effect until December 11th 2010.

The S&P 500 index shows its trading below the January 2010 resistance level as well as the 200 day moving average (1091) on the 5 minute chart. The index has to convincingly break the natural resistance level of 1100 to fully reverse the correction.

The 1085 is a important level on the S&P 500 index as it is currently near the 144 Fibonacci moving average on the 5 minute chart as well as the 200 day moving average on the daily chart.  Currently the trend is still heading downwards.

The market volatility index (VIX) measures option activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off as traders and investors are seeking protection for their assets instead of risks.

A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. As long as we stay above this level expect pessimism as we approach the slow summer months.

Summary of Pivot and Technical Levels:

1219: S&P 500 52 Week High

1100: Natural Resistance Level

1091: 200 day Fibonacci moving average on 5 minute chart

1085: 144 day Fibonacci moving average on 5 minute chart

1127 – 1141: Major resistance level for the S&P for January 2010

1117: 144 day Fibonacci moving average on daily chart

1085: 200 day Fibonacci moving average on daily chart

Monday Economic Calendar:

Existing Home Sales / 10.00 EST

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

All Right Reserved TraderMongers.com © 2010

Day Trading:–Day trading mentions to the perform of buying and trading economic instruments within the same trading day such that all places are generally shut before the market close for the trading day. Traders that participate in day trading are called hardworking traders or day traders.Some of the more routinely day-traded economic instruments are supplies, stock options, currencies, and a host of futures agreements such as equity catalogue futures, interest rate futures, and commodity futures.According to Commodity tips Day trading utilized to be an undertaking exclusive to economic companies and professional investors and speculators. really, many day traders are bank or investment firm workers employed as specialists in equity investment and finance administration. although, with the advent of electronic trading and margin swapping, day trading has become progressively well liked among at-home traders.

Day traders quickly buy and deal supplies all through the day in the hope that their stocks will extend climbing or dropping in worth for the seconds to minutes they own the supply, allowing them to secure in fast profits. Day trading is exceedingly risky and can outcome in substantial economic deficiency in a very short time span of time. If you are a day dealer, or are conceiving about day swapping, read our publication, Day swapping: Your Dollars at Risk. We furthermore have warnings and tips about online trading and day swapping. For more data on day trading and the related FINRA margin directions, delight read the SEC staff’s investor bulletin “Margin Rules for Day Trading.”

Pros:

- Take small profit target = less risk per trade.

- Due to the amount of bids was composed has a greater effect on its profits in general.

- You can make money much faster.

- It makes you “feel good”. It can be a race! (Is this really a professional?)

- Allows you to be continually dynamically market share (Is a professional?)

- Since the last two, merchants can show addictive behavior (the game).

- Because most of the positions are closed at the end of the day, working to take advantage of the interest earned on your account.

- Risk control – the places are closed at night to unforeseen market changes will not affect their bottom line.

Cons:

- Spread has a greater effect on overall revenue.

- You can lose money faster.

- Very difficult to discover – according to some estimates, less than 1% of traders are successful.

- Time – very hard to trade properly if you have a full time job.

- Very fast and fundamental absorption can play busy day trading.

- Very risky! Traders can lose a substantial subsidy in cash in a very short period of time.

- Discipline, proper cash management, risk / reward and a system for making money is more important than alallotmentment trading day. Even a small mistake can result in a huge decrease.

- Can be more difficult to predict the market.

Swing trading:–Swing trading has been recounted as a kind of basic trading in which positions are held for longer than a single day. This is because most fundamentalists are actually swing traders since alterations in corporate fundamentals usually need several days or even a week to cause adequate cost movement that renders a sensible profit.Swing trading is commonly defined as a speculative undertaking in economic markets whereby devices such as supplies, catalogues, bonds, currencies, or commodities are repeatedly acquired or sold at or near the end of up or down cost swings initiated by cost volatility.[1][2] A swing trading position is normally held longer than a day, but shorter than trend following deals or buy and hold buying into schemes that can be held for months or years. earnings can be searched by engaging in either Long or Short trading. 

Pros:

- Handy to take profits and inadequate to stop.

- Easier to find that day trading – the achievement of a higher rate of daily transactions.

- Disperse has less influence on the general revenue of daily transactions.

- Less time devoted to trade dynamically – that is not essential to “guard” their offerings.

- Can be worked around a regular job – a couple of hours per day should be sufficient.

- Less stressful than intraday trade.

Cons:

- Can be difficult to discover and make money.

- Although it requires less time than a day trading basis and market analysis is still essential and can be time consuming. Taking care of your daily positions is a must!

- Some traders have a tendency to develop emotional ties to a trade.

- The control and the respect and emotions, having knowledge is very important. It is not uncommon to travel around a turnaround or just for the market to immediately change back and head in the original direction.

Abstract

According to best Commodity Tips while place trading is more money-making, day trading is less dodgy. The emotional component (discipline and self control) is furthermore of more significance while day swapping. The higher the time-frame, the better the possibility to succeed and become profitable overall.Swing trading presents you flexibility and doesn’t need hours of your attention. But if you’re a trading junky and you don’t desire to give up the thrill you get from day trading – you don’t have to. Swing trading can be the flawless complement to your day trading strategy.One of the most valuable benefits of supplementing a swing trading strategy intoyour trade design is it gives you the flexibility to spend your time the way you desire to.If you don’t have time to day trade, or the day trading markets aren’t going as favorably – you can choose not to day trade and still have a profitable swing trade for the day.

I came across Lee Stanford, the founder of Trading College, at an event in London a couple of years ago. He used to be an internationally successful competing rubgy player. When he retired as a rugby player he took up trading and became extremely successful at it.

He was so successful at trading, he started his own school to teach others how to become successful traders. He started Trading College based in London, and it is now one of the most successful trading schools in the UK, and runs regular courses on day trading, swing trading and forex trading, and training people to manage the money markets.

His whole approach is to make trading simple, and to remove the mystique. He has developed a range of unique indicators to simplify the process – Trading with Colours – green for go, and red for stop!He has thought the process through really well.When you enroll for the Trading with Colours beginners course you get send some precourse stuff: four introductory videos to get you started, including (1) how to open an account, (2) charts, (3) trading strategy and (4) money management.This course is over several days and includes a very compreshensive introduction to trading, placing a trade, setting up your charts, managing trades, when to enter a trade, trigger pullback and entry, markets to trade and those to avoid, trading psychology, understanding trends, technical analysis, and automating your trades, and a lot more besides.I you are looking for the right work at home opportunity, online trading may just be what you are looking for.

S&P 500

The US markets rallied in the morning following positive trading activity within the foreign markets. However selling started once reality set into the minds of traders and investors that nothing fundamentally has changed within the markets. The debt crisis in Europe, BP oil spill, and the China slowdown. The futures started higher in the morning however it fell short of the 1050 resistance level on the S&P 500. Reality set in once ISM Non-Manufacturing numbers were released after 10am and it was lower than the consensus. Selling took place soon afterwards and the S&P 500 rested just above the 1025 natural support level.

Currently the S&P 500 is trading below the 144 and 200 day moving averages on the daily chart. In late June the market rallied just above the 1025 level however it could not break the January 2010 resistance level and it fell back. Due to the low volume summer months we do not believe we will break through the January 2010 until after the November mid-term elections.

The Chicago Board Options Exchange (CBOE) Market Volatility Index (VIX) measures options activity within the market and is widely used tracking the S&P 500. A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the Treasuries, gold, and the dollar.

The Market Volatility Index is currently between 25 and 30, which usually means that traders and investors are holding their positions whether it is equities or cash especially with the uncertainty within the global economy.

The markets do not have enough volume to push and stabilize the markets during the summer months and most likely stay between this range for some time. As you can see from the Volatility chart that beginning in May, traders, investors, and institutions started increasing their cash positions and stuck to the “Sell in May” philosophy.

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- Technical and pivot levels for the S&P and other indices

- Alerts for 52 highs and lows as well as their respective sister stocks to watch

- Highlights on the economic calendar and trading strategies off those numbers

- Analysis of various sectors of the markets as well as sister stocks to watch

- Much more

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

As long as we stay above this level expect pessimism as we approach the slow summer months. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. The index is at the 29.46 as of Thursday June 3rd so traders and investors may be inclined to switch to equities and cover their shorts.

However due to the low volume in the recent rally and liquidation of mutual fund investors due to frightening instances such as the ‘flash crash,’ European debt crisis and BP Oil Spill expect volatility will return and traders will prey and make money on both ends. Traders will buy when investors are fearful and sell when they are euphoric and confident.

Summary of Pivot and Technical Levels

1219: S&P 500 52 Week High

1114: 144 Day Fibonacci Moving Average on Daily Chart

1100: Natural Resistance Level

1095: 144 Day Fibonacci Moving Average on 5 Minute Chart

1094: 200 Day Fibonacci Moving Average on 5 Minute Chart

1090: Important Pivot Level

1086: 200 Day Fibonacci Moving Average on Daily Chart

1175: Natural Support Level

Thursday Economic Calendar

Employment Situation / 8.30 EST

Dennis Lockhart Speaks

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

S&P 500

After Memorial Day weekend beginning the half way point of the year and start of the slow summer season vacations all the market indexes are trading near levels seen on January 2010. Even the summer movies have a hard time getting off of ground such as the recent Memorial Day weekend movies: Prince of Persia and Sex in the City 2.

2010 has not been a great year as revelations are revealed concerning off shore drilling, European countries debt exceeding their GDPs, and the ‘flash crash’ fallout on May 6th. These uncertainties are adding volatility to the markets and traders and investors are seeking safety within Treasuries, gold, and the dollar. The market will continue to go lower as the volume of trades continues lower as we enter the slow summer months and low risk assets become more appealing.

On Friday the S&P 500 index ended the last trading day in May at 1089. We have mentioned that the 1090 resistance level is a major level to break. It was broken on Thursday due to a short covering rally and fell back.

The S&P 500 index is currently trading below the January 2010 resistance level and ended the day on Friday on the 200 day moving average on the daily chart of 1089.

The Chicago Board Options Exchange (CBOE) Market Volatility index (VIX) measures options activity within the market and is widely used tracking the S&P 500. A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar.

As long as we stay above this level expect pessimism as we approach the slow summer months. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. The index is also slightly above 30 so unless it is below this level do not expect a confirmed rally or upside within the equities market.

Summary of Pivot and Technical Levels

1219: S&P 500 52 Week High

1115: 144 Day Fibonacci Moving Average on Daily Chart

1100: Natural Resistance Level

1091: 144 Day Fibonacci Moving Average on 5 Minute Chart

1090: Strong Resistance Level

1089: 200 Day Fibonacci Moving Average on Daily Chart

1088: 200 Day Fibonacci Moving Average on 5 Minute Chart

1175: Natural Support Level

Tuesday Economic Calendar

ISM Mfg Index / 9.00 EST

Construction Spending / 10.00 EST

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.