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Midsize Companies Drive The American Economy

What are the people who run these companies worried about?  Healthcare and regulations. 

Key bit:  “Owners of midsize companies—companies employing between 50 and 999 people—face a lot of anxiety upon moving beyond the startup. A new study from ADP Research Institute shows that the cost of health care benefits, the Affordable Care Act, and government regulations are the top three concerns at the heart of that anxiety. Given that midsize companies drive the American economy to the tune of 45.6 million jobs (one-third of all private sector GDP), these aren’t niche concerns.”

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More here from Quartz.com: http://qz.com/286482#2/these-charts-show-whats-on-the-minds-of-midsized-business-owners/

Hat tip Josh Brown

Gold (Weekly)

We think this could be a sideways 4th wave on Gold between 1200 and 1400.  We anticipate a bounce near 1200 with an eventual break of it.  Gold could be going much lower.  As always if the charts change – we’ll get bullish.

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How QE Worked In The First Place

http://www.marketwatch.com/story/how-qe-worked-in-the-us-and-could-work-in-europe-2014-10-24?dist=lcountdown

Stocks Now Most Overbought In A Year

http://www.zerohedge.com/news/2014-10-28/stocks-now-most-overbought-year

Protected: Trade Alert – GLD & INDU

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September Durable Goods Disappoint

The latest new orders numbers came in at -1.3,  well below the investing.com forecast of +0.5%.

Key bit:  New orders for manufactured durable goods in September decreased $3.2 billion or 1.3 percent to $241.6 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed an 18.3 percent August decrease. Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 1.5 percent.

Transportation equipment, also down two consecutive months, led the decrease, $2.8 billion or 3.7 percent to $73.4 billion.

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More here from Doug Short:   http://www.advisorperspectives.com/dshort/updates/Durable-Goods-Orders.php?WT.rss_f=dshortRSS&WT.rss_ev=a&WT.rss_a=Durable+Goods+Report+for+September%3A+An+Unexpected+Contraction

Analyst Expects 30% Stock Meltdown

        Mark D. Cook’s proprietary research is predicting an ugly sell off ahead.  Mark’s CCT indicator measures three key internal market components.   Key bit:  “The bear market is here, and a 30% decline is highly probable. So be defensive, raise your awareness, and get help from professionals who survived and thrived in the previous three crashes. Those who ignore history are doomed to experience the worst.”

Very interesting, read the entire thing herehttp://www.marketwatch.com/story/3-reasons-why-you-should-expect-a-30-market-meltdown-2014-10-27?dist=lcountdown

Here Comes The Most Bullish Five Days Of The Year

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 From Ryan Detrick at YahooFinance.com:   “Going back to 1950, there isn’t any day better than October 27 to buy (the close) on the S&P 500 (SPX) and hold for the next five trading days.  Here are the top 10 days to buy. ”

“Since October 27 is this Monday, history would say even though we had a big bounce last week, there’s a good chance the strength can continue.”

“2014 is the first time we’ve had an October 27 on a weekday in three years.  Here are the returns over the past 20 years.  Once again, overall very strong returns.”

More here:   http://ryandetrick.tumblr.com/post/100916337310/here-comes-the-most-bullish-five-days-of-the-year

Hat tip Brian Gilmartin at fundamentalis.com

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About Us

Welcome fellow traders and investors,

As Money Managers and Traders, the mission of our Blog and Radio Show is to go on record and further educate our readers and listeners in technical analysis and proper money management across all asset classes.

Our methods are not the traditional advice you hear repeated and repackaged over and over again, but that’s exactly the point and the reason why we know how to advance and prosper in every kind of market.

To Your Success,

Doug & Gary