Over the years working with professional traders I found it interesting
how each individual has their bellwether stock they follow to gauge the
stock markets trend and identify reversals before they take place.
About 10 years ago I traded with a floor trader who swore that whatever
GS (Goldman Sachs) did the market followed. Another said he only used
XOM (Exxon Mobil), while Stan Weinstein says GM (General Motors) was
the stock to follow.
While each of these traders have been highly successful with their
bellwether stock, I wanted to cover these in more detail and show you
have to get the best of each of their strategies working for you. This
will help you properly time the market, identify the overall market
health and at which point you should be getting long or short stocks in
your portfolio.
Just Click Here to Watch this Quick Video
If you would like to successfully trade both bull and bear markets then
join my trading and investing newsletter today and catch the next hot
sectors for 2014 using my ETF Trading Strategies.
Chris Vermeulen
The Gold & Oil Guy
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Showing posts with label GM. Show all posts
Showing posts with label GM. Show all posts
Sunday, March 16, 2014
What GM, GS and XOM Do, So Does the Broad Market
Labels:
Chris Vermeulen,
etf,
GM,
gold,
Goldman Sachs,
GS,
Oil,
portfolio,
short,
stocks,
strategies,
traders,
video,
XOM
Thursday, June 3, 2010
Phil Flynn: Oil Prices Rise On Leaked Information
That is right! The jobs report was leaked causing a rally in the stock market! Who got their hands on this valuable inside information and leaked it to the marketplace at large? Well believe it or not it was Obama himself. What!? I know! Yet that is exactly what he did. Speaking at Carnegie Mellon University in Pittsburgh, the President said, “After losing an average of 750,000 jobs a month during the winter of last year, we have now added jobs for five of the last six months, and we expect to see strong job growth in Friday's report.” Ah ha!!!
Do you think he knows something? Now that is just one day after the Vice President Joe Biden said that the upcoming May employment report would show a much larger number of jobs created than in the previous month, when 290,000 jobs were added. Do you think he knows something? Ok, silly question. But of course the market took the President seriously anyway helping to drive stocks and the oil market higher.Why oil? Well based on improving US demand expectations on better US jobs outlook we might actually consume more oil.
That thought was enforced by some pretty strong auto sales data. It seems that in the Month of May while the stock market was tanking auto sales were soaring! Maybe some people were taking their stock profits to buy new cars. Ford, GM and Chrysler all saw double digit sales gains over May of a year ago according to the AP. The AP reported, “May marked the seventh straight month of year-over-year sales increases for the auto industry. Ford Motor Co., General Motors Co., and Chrysler Group L.L.C. saw double digit sales gains over the same month last year, when GM was headed into bankruptcy, joining Chrysler”.....Read the entire article.
The Truth Behind Penny Stocks....A Video Blue Print
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Do you think he knows something? Now that is just one day after the Vice President Joe Biden said that the upcoming May employment report would show a much larger number of jobs created than in the previous month, when 290,000 jobs were added. Do you think he knows something? Ok, silly question. But of course the market took the President seriously anyway helping to drive stocks and the oil market higher.Why oil? Well based on improving US demand expectations on better US jobs outlook we might actually consume more oil.
That thought was enforced by some pretty strong auto sales data. It seems that in the Month of May while the stock market was tanking auto sales were soaring! Maybe some people were taking their stock profits to buy new cars. Ford, GM and Chrysler all saw double digit sales gains over May of a year ago according to the AP. The AP reported, “May marked the seventh straight month of year-over-year sales increases for the auto industry. Ford Motor Co., General Motors Co., and Chrysler Group L.L.C. saw double digit sales gains over the same month last year, when GM was headed into bankruptcy, joining Chrysler”.....Read the entire article.
The Truth Behind Penny Stocks....A Video Blue Print
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Labels:
Crude Oil,
Ford,
GM,
Obama,
Phil Flynn
Friday, October 9, 2009
The Dreaded Vote of Confidence
Oh no! The dreaded vote of confidence. You know in professional sports when your team is playing lousy and just put in a dismal performance and the owner of the team or the GM gives you a “vote of confidence” and you’re fired the next week? Well it is a good thing that the Treasury Secretary isn’t a baseball manager or he would be gone. After the dollar took another drubbing, the White House came out and said that Obama has "tremendous confidence" in Treasury Secretary Timothy Geithner right after the dollar hit an 18 month low.
Oh sure, the vote of confidence in question may not be in the US dollar but as the weakening dollar adds to inflation and increases the cost of oil and almost every commodity the average American buys, I would not feel too easy if I were Tim Geithner right now. The President has confidence in Mr. Geithner but do they have confidence in the dollar? The silence about the dollar out of the White House right now is deafening to the markets.....read the entire article.
Labels:
Crude Oil,
GM,
Tim Geithner,
US Dollar,
White House
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