market edge 360

http://money.cnn.com/2008/07/11/news/companies/fannie_freddie_shares/index.htm?postversion=2008071110

Just when it looked like the markets wanted to stage a mini recovery….

"The shares started to erase early losses when word came that Treasury Secretary Henry Paulson was set to speak. He said that the government's primary focus is making sure that mortgage giants Fannie Mae and Freddie Mac remain as presently constituted to carry out their mission."

Suggests we're looking at another bailout of another financial institution. A bailout for failure. How about a bailout for shareholders who thought that Fannie and Freddie were "safe" bets.

And you thought September was the worst trading month? Back in December, our sister site www.1source4stocks.com said welcome to the bear market.  If you have traded Exchange Traded Funds (ETF's), specifically DXD and DDM, you will have done well for yourself. The key is to watch the trend.

So, after watching the Dow hit official bear market status, are we heading up after hitting bottom.

Well, yes and no.

Yes, I think a near term bottom is being set. Dont go out and buy DDM tomorrow with the expectations of an immediate pop. Its going to take a bit. I'm thinking that the $14 drop from $72 to $58 will mean that DDM should bounce to $65, before testing $58-$60 again.  Give or take a dollar, play the trend, and you'll end up ahead.

Chuck has appeared as a featured speaker at numerous futures seminars throughout the world and has frequently been a guest lecturer at the University of Southern California where he teaches fundamental and technical analysis to graduate students in the MBA program. He has been a paid consultant to several financial institutions as well as many individual futures traders and has trained interbank currency traders for the Bank of China in Beijing and for the Abu Dhabi Investment Authority in the United Arab Emirates.

Chuck served on the National Futures Association Business Conduct Committee from its inception in 1983 until 1994 when he was appointed to the National Hearing Committee. He is also an NFA arbitrator and sometimes serves as an expert witness in futures and options cases. (Among his noteworthy cases he was an expert for the prosecution in the famous Billionaire Boys Club murder trials several years ago.)

–Why Chuck?–

Chuck is a registered Commodity Trading Advisor (CTA) and a noted developer of trading systems. He has influenced some of the most successful traders in the world…including ME! His teachings opened my eyes to new methods that I still apply today. Chucks down to earth teaching style appeals to everyone because he genuinely wants people to succeed…and thats rare now a days!

–Where can I find Chuck?–

INO TV Free has one of the best Chuck LeBeau videos on the web.

*A New Look at Exit Strategies

–What should I do?–

Watch Chuck's video today for no cost at all!

All my best,
Adam Hewison
 

In the world of trading, gold is one of those special markets that seems to defy the laws of physics.

That all changed last week.

After skyrocketing to over 1,030 dollars an ounce, gold seemed to discover gravity, and plummeted over $125 in just a few days.

So, the question is, has the bubble in gold burst?

See how this question is addressed, and how to trade gold, in this short video. See if it makes sense to you.

No registration is required.

Here's to your future success.

Adam Hewison
President,INO.com
 

Are you ready to take a bite out of Apple's secret weapon?

Apple has got to be one of my all-time favorite companies. I have used Apple computers for years and they never cease to amaze me at how easy they are to use and how well-designed they are.

But Apple's gone much further than ease of use and great design, they are now a fully fledged consumer company with their two breakthrough products, the iPod and the iPhone.

Both of these products have taken on a cult like status and are certainly icons for this generation. 

I was recently in Washington D.C. for an appearance on CNBC that I ran into Walter Mossberg.  Now here's a guy who can have any tech toy he wants (Walter writes on technology for the Wall Street Journal and gets inundated with free tech stuff) and there he was talking on his iPhone. Now how cool is that? I might add that CNBC and the Wall Street Journal share offices in Washington.

Now, Walter is around my age and he's using the most advanced smart phone on the planet. I said to myself right there and then, that I just had to get me one of these cool phones.

Now here's the challenge, once you check out the iPhone you will want one too! I know all my kids want one, now that they have tried out my iPhone.

We expect that Apple under the visionary leadership of Steve Jobs will grow dramatically in the future. We expect that Apple will become better known for its consumer products than for the computers it first started out with.

 I just finished a short movie on Apple that explains the recent slide, and why we think the market may be getting ready for another big move.

There's no registration requirements to view the video, and you can watch it at any time.

Adam Hewison, INO.com

The high of the day for DXD was $54.70 at 10am. We're in at $54.80 for 1000 shares.

Unfortunately, the trade isnt working out the way we had hoped.  Although there was a small bounce recently, its not working out as planned, and as per our trading plan, we're selling for a small loss of $500 and registering a loss for the first time in 5 sessions.

No plan is perfect! But, 80% winners works for me!

Closing out the DDM position at $75.34 - good enough for an $800 profit. The strategy has worked 4 out of the last 4 trading days.

Looking at my charts… DDM @$74.50 - if it breaks that, we're in for 1000 shares… DXD has a high of $55.64.

This morning at 10am, DDM's high of the day was at $70.75. It broke the high of the day just after that. Its now sitting at $72.29 or about $1.50 higher than it was this morning.

DXD's high of the day on the other hand, was $58.86 at 10am. It never surpassed that mark.

Chalk up another win for the 10am Strategy.