Stock Market Forecast For Trading Week Of March 19 2012

by David Jenyns on August 6, 2012 The prediction in last week’s video about the market having a tendency to rally the week of Triple Witching Friday (March 16 2012) was spot on…

StockTradingMaster August 6, 2012 at 11:15 am

Thank you very much for your kind words of support. I really appreciate your kind words. Thumbs up to performance enhancers like cop o’joe and Monster.

jmac1017 August 6, 2012 at 11:29 am

Lance, a million thanks for spending time on these great videos. I’m new to trading and start my Monday mornings off with hot cup o’joe and your latest forecast video! You speak in terms that are easy for even the newbies to understand. I find your insights logical and well founded. Thanks again!

midnightshadows4 August 6, 2012 at 11:41 am

Hey Lance, in your next video can you spend a little time on clearing firms? I have an account with an online discount broker and my trades clear through as well as my funds are held with Penson Clearing. I’ve been watching their stock price $PNSN as well as read a couple of articles about their financial troubles and possibility of bankruptcy. Could a Penson bankruptcy be the next “MF Global”?

StockTradingMaster August 6, 2012 at 12:04 pm

You bet bud. With the weak downtrend rating on AGG, the question is will that strengthen into a strong downtrend rating. If the sell off in bonds is tied with the improving economic news, which is their historical relationship (bad for economy, good for bonds), you’ll want to short bonds or at least follow the smart money in selling out of bonds and buying higher yielding stocks.

godzillaunchained August 6, 2012 at 12:17 pm

Hey Lance, Thanks for adding bonds to your market recap. High yield bonds funds like FAM and others can be pretty seductive with their 10 percent yields, but the recent strong buying of the last three months has made them, IMO, too pricey. Maybe now we will see a pull back and soon a price point that makes sense to begin a fresh position.

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