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Don’t Take Losses, JD is a full-time investor and trader of primarily common stocks and ETFs, in taxable trading, trust and retirement accounts. He uses technical and fundamental top down analysis based on a modified Dow Theory Trend analysis. . He is founder of the... More
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  • 07-24-11 Introduction to Modifed Dow Theory and

    Come see this 40 minute video on how we use technicals, fundamentals, sentiment, seasonality, sector and earnings cyclicality and our modifications of Dow Theory  to invest in stocks.
    Jul 24 8:50 PM | Link | Comment!
  • 07-23-11 Guest Video Market Recap and update on our $AAPL $TNH $HIG investments
    We also update you on the market risk to upside and downside.
    Jul 23 2:58 PM | Link | Comment!
  • 07-23-11 Debt Ceiling Risk: What you need to Know...
    Debt Ceiling Risk: what you need to know...
    "...Bank of America Merrill Lynch believes that the agreement President Obama and Speaker Boehner eventually come to will be loosely based on the so-called Gang of Six plan and cut the deficit by $3.5 to $4 trillion. But the firm believes the plan will be more of an outline, calling for a second vote in six months on a plan that has the finer details hammered out by both parties to truly accomplish these massive cuts and tax code overhaul.
           The temporary agreement would only raise the debt ceiling by $500 billion, enough to fund the government for six months, in order to give the ratings agencies another hard deadline where reform must be implemented, the firm predicted. The question on traders minds now is, will Standard and Poor’s buy it?

    As talks dragged on, Standard & Poor’s hinted on Thursday that this kind of plan may be enough to stop a default, but not a downgrade of what is still considered the best collateral in the world: U.S. Treasuries.
           “We see at least a one-in-two likelihood that we could lower the long-term rating by one or more notches on the U.S. within the next three months and potentially as soon as early August --into the 'AA' category-- if we conclude that Washington hasn't reached what we consider to be a credible agreement to address future budget deficits,” said David Beers, S&P managing director, in the note. “From a creditworthiness perspective, we believe that failure to formulate a fiscal consolidation plan, even if the President and Congress were to agree to raise the debt ceiling in time to avert a potential default, would be materially less optimal than” a full agreement...."

    Any downgrade, any band aid deal, can send us down to SPX 1120, a 20% correction to last summer's resistance and a key Fibonacci retracement, in a heartbeat. Members have a 32 minute video today on how to manage this risk...and profit. 1 week trial membership now available. Click Sign Me Up Tab near top of page.

    Jul 23 1:37 PM | Link | Comment!
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