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FB 4 (+5%) Z 9.76 (+10%) SCTY 5.25 (+11%) DD 2.65 (+4%) DVN -4.5 (-7%) TAN 4 (+12%) FEYE 4.2 (+17%) PEIX 2.2 (+23%) IBB 12 (+4%) QQQ 5.5 (+6%) SPY 9 (+5%) NTAP 2.51 (+6%) BIDU 12.54 (+6%) IYT 6.4 (+4%) SGG 2.33 (+5%) Options: MCP 0.23 (+57%) PSX -3.91 (-5%) BIDU 10 (+5%) SMH 1.82 (+4%) SYMC 1.13 (+5%) URBN 2.28 (+5%) Options: SWN 0.22 (+22%) SDRL -3.39 (-11%) CORN -3.02 (-11%) TMUS 1.23 (+4%) SWN -3.76 (-9%) SINA 0.25 (+1%) NUS 3 (+7%) CLF 1.31 (+9%) DNDN 0.22 (+16%) LUV -3.3 (-11%) CGA 0.6 (+20%) S 0.52 (+9%) X 2.45 (+6%) PHO 1.25 (+5%) FXE -2.95 (-2%) VXX 0.57 (+2%) YHOO 2.05 (+6%) DIS -6.2 (-7%) VXX 2.1 (+7%) SINA 2.4 (+4%) EWG 0.94 (+3%) BRK.B -5.1 (-4%) SPY 0.56 (+1%) Options: WFM 0.41 (+16%) EWC 1 (+3%) HIMX 0.57 (+9%) CVX 1.55 (+1%) UNG 0.07 (0%) Options: HPQ 0.3 (+34%) MMM 2.2 (+2%) FXC 0.6 (+1%) TBT -4.92 (-8%) IYT 4.3 (+2%) USO 0.62 (+1%) AXP -3.37 (-3%) CMG -77.75 (-13%) QCOM 3.55 (+4%) ORLY 3.9 (+3%) KO -1.74 (-4%) SNDK 10.65 (+10%) MA 3.42 (+5%) IBB 11.5 (+4%) CSCO 0.22 (+1%) RDY 3.36 (+8%) HDGE -0.57 (-5%) DD 2.4 (+4%) Options: CVX 0.18 (+12%) MU 0.8 (+2%) INTC -1.99 (-7%) VXX -5.5 (-15%) CLF 0.34 (+2%) FB -6.34 (-11%) TJX 0.78 (+1%) BA 4.9 (+4%) Options: IYT 0.4 (+26%) Options: DAL 1.05 (+100%) IYT -8.9 (-6%) CVX 2.2 (+2%) GE -0.48 (-2%) TWTR 2 (+6%) UNH 3.24 (+4%) TSN 2.2 (+5%) IWM 6.3 (+5%) WHR 8 (+5%) VXX -4.05 (-10%) FEYE -9.35 (-26%) CRM 2.64 (+5%) DANG 1.05 (+10%) WFM 0.51 (+1%) QCOM 4.35 (+5%) IBB 22 (+10%) NFLX 22 (+7%) SH 0.27 (+1%) IWM 5.35 (+5%) RIG 0.63 (+2%) MOS 0.77 (+2%) VXX 2.3 (+6%) NFLX 16.4 (+5%) GLD 1.75 (+1%) COG 1.07 (+2%) LNKD 17 (+11%) P 2.35 (+9%) VXX 2.2 (+5%) DDD 4.67 (+8%) FDX 2.46 (+2%) YHOO 3.6 (+9%) ADBE 2.62 (+4%) WDC -7.75 (-9%) PCLN 51 (+4%) FB 5.65 (+8%) AUY -1.34 (-13%) JJC 0.56 (+1%) SPY 1.6 (+1%) USO 0.37 (+1%) JO 3 (+8%) PCLN 42 (+3%) GILD 7.5 (+9%) PLUG 0.6 (+10%) PRGO -13.3 (-9%) VXX 2.4 (+5%) CORN 1.75 (+6%) BBBY 2.53 (+4%) TGT 0.00 (0%) HAL 0.4 (+1%) FCX 0.66 (+2%) MCP 0.32 (+7%) SINA 3 (+5%) PBR 0.56 (+5%) BA 5 (+4%) JCP -1.35 (-21%) PCLN 25 (+2%) BA 2 (+2%) ANF 2.3 (+7%) F 0.76 (+4%) AMZN 15 (+4%) VXX 3 (+7%) YHOO 2.17 (+5%) WYNN 3 (+2%) HAL 0.25 (+1%) AUY 0.6 (+7%) ROSG 0.95 (+30%) SINA -6.24 (-7%) TWTR 12 (+17%) ABIO 0.67 (+43%) CCXI 1 (+19%) TWGP 0.72 (+29%) TWTR 2.5 (+3%) NEWL 0.3 (+17%) WPRT -1.25 (-6%) ECTE 0.58 (+21%) FB 4.11 (+9%) CELG -15.66 (-10%)


Rant & Rave Blog

This Is Why Stock Market News Is Garbage

Posted by Gareth Soloway Wednesday, June 03, 2015, 02:56PM ET

Read 1158 times

 (this article was originally posted on 11/30/11 and still applies today - learn & earn!)

 

For the average person who invests or trades, saying the news is garbage is a sin. However, it is proven over and over again to be the case. The news is nothing more than a way to take money from the bottom 99% and distribute it to the top 1%. Those at the top control the news and release it to cause certain reactions. Those reactions are carefully calculated to achieve certain goals. Those controlling these avenues and directing the markets are the Federal Reserve banks around the world and the top institutions.  Today, the markets are surging once again, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is trading at $119.64, +4.08 (+3.53%).


Last week, the media was pushing doom and gloom. TV stations like CNBC were bullying the average investor to sell or short the market. This past Monday, the markets ripped higher on a "mention" of a possible Euro bond from Angela Merkel, the head of Germany. Tuesday, the markets paused and many traders started to wonder if the move up was a one hit wonder. After the bell, news hit the markets that many banks like Bank of America Corp (NYSE:BAC) had their credit rating downgraded. This sent more shorts into the market and investors running for cover. Today was destined to be a bloodbath, or so the average investor though. Yet, here the markets sit, the Dow Jones Industrial Average up over 400 points.

Investors and traders are lost because they listen to the news. One day the markets collapse, the next day they rally, one hour there are credit rating downgrades and a near collapse in Europe, the next the Federal Reserve and other Central Banks are saving the day. It is virtually impossible to trade off of news. The news is garbage and cannot be used to make money consistantly these days.

So what is the answer?

The answer is the charts. The charts never lie and always dictate the future. To give examples, lets talk about last week. Just last week, as the doom and gloom hit its highs, average traders were selling and shorting the market. However, InTheMoneyStocks members were accumulating longs based on the charts hitting major support and a proprietary time count. The market was clearly going to bounce. This allowed for long alerts on the Semiconductor HOLDRs (ETF) (NYSEARCA:SMH) and JPMorgan Chase & Co. (NYSE:JPM). In addition, a long was given and triggered on the SPDR S&P 500 ETF (NYSEARCA:SPY) at a price of $117.65. Today, the SPY hit a high of $124.50. That is a monster gain of $6.85 in less than five trading days.

The S&P 500 had a pause day yesterday. After a huge move on Monday, a pause day is known as a bullish signal. If you looked closely at the 60 minute S&P 500 chart, an amazing bull flag had formed as well. All signals were pointing to another monster up day. After the bank credit rating downgrades, the average traders once again thought the downside was obvious. However, if you just followed the charts, you would have been on the right side of the markets and made money.

Never be a bull or bear, be an neutral investor and trader who trades based off the charts; doing so will enable you to eliminate the noise and gain a clear view on the future direction on anything you are looking to trade or invest in. Join InTheMoneyStocks, take our seven day free trial to the Research Center and Intra Day Stock Chat, view every swing trade we have given members and will provide in the Research Center, also day trade the markets live intra day with myself and Nick in the Intra Day Stock Chat. We look forward to having you join the ranks of our thousands of members who control their financial freedom. 


Gareth Soloway

Chief Market Strategist

www.InTheMoneyStocks.com

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