Market Thoughts

Wealth-Alert: DJIA Support Level #1 at 9,500
Publish Date : 8/19/2010 10:56:00 AM Source : Private-WealthClub

A break of 10,205 on the DJIA and we are looking for a drop between 9,500 to 9,477 on the Dow or an approx. 7.+% pull-back. That would require a 210-point intra-day drop and it looks like we might make a late day run for it! Remember, our current inestment approach is to continue to Sell the Rallies, continue to Build Cash. Stay tuned here with us and we will attempt to provide forward looking exit points. You will note that we are not providing trading recommendations, to willy-nilly buy or sell based on some opinion of some chart method(s). Why, because for all our many years of experience we have found, "the charts, they lie" but not all the time, only when it really counts! For if building wealth was just a matter of studying charts and becoming an "expert trader" than everyone would do it woun't they! The truth of the matter is the vast majority of ALL trades loose money... And as for opinions, they are like you know what, everyone has one....

Financial News and Editorials

Fiat Money vs. Billions and Billions and Billions More in Losses to Come
Publish Date : 1/20/2010 11:49:00 AM Source : Private WealthClub

Today the Bank of America (BAC) follows Citigroup's (C) $7.6 Billion loss with a $5.2 Billion loss of their own. Meanwhile at the same time, the State of Illinois, not to be out done by California enters a state of insolvency according to Crain's Chicago business, with a budget short fall as much as $5.7 Billion. Couple that with Greece and other sovereign debt restructuring and defaulting mounting (Dubai World) and you must ask "what global rebound?" (cont.'d inside) ...

Indices, Commodities & Global Currencies

Market Reflections, Outlooks and Predictions - 2010 The Show Me Year
Publish Date : 12/31/2009 2:52:00 PM Source : Private-WealthClub: Inside our exclusive P-WC, we establish our Reflections, Outlook and Prediction to kick off 2010. This is not just an exercise in self indulgence, although I must admit it can be fun to peer into the future. We do this for a purpose. For after…

Featured Financial News and Editorial

Wealth Alert - Risk Level # 5 of 5 - High Alert! (final and highest risk level)
Publish Date : 5/12/2010 5:44:00 AM Source : Private-WealthClub: The Private-WealthClub has hereby issued a Wealth-Alert, raising our Risk Management Status to Level #5 of 5 - High Alert to the highest level on our risk management scale! With this, we are now at our final & highest risk alert level...

Wealth Alert - Risk Level #4 - Raise Cash - Elevated Risk Alert
Publish Date : 4/17/2010 7:15:00 AM Source : Private WealthClub: We are raising the risk management for global equity markets to a Risk Level #4 of 5- Raise Cash. This is an elevated status on means investors should raise the cash position in their portfolios beyond normal levels...