Market

The most devastating stock market crash in the history of the United States;
Its from my favorite documentary by PBS – New York.

This particular part about Wall Street crash of 1929 is from episode 5 of the series with title: Cosmopolis
there are lots of archive photos, footages and drawings throughout the series and in my opinion it was great work done with finding them.

series website:
http://www.pbs.org/wnet/newyork/series/index.html

“Archival shoots took place at various historical and cultural institutions, including the New-York Historical Society, the Museum of the City of New York, and the Library of Congress, and focused on the filming of particularly rare or large-scale archival prints, lithographs, maps, and photographs”

Duration : 0:10:5

(more…)

The most devastating stock market crash in the history of the United States;
Its from my favorite documentary by PBS – New York.

This particular part about Wall Street crash of 1929 is from episode 5 of the series with title: Cosmopolis
there are lots of archive photos, footages and drawings throughout the series and in my opinion it was great work done with finding them.

series website:
http://www.pbs.org/wnet/newyork/series/index.html

“Archival shoots took place at various historical and cultural institutions, including the New-York Historical Society, the Museum of the City of New York, and the Library of Congress, and focused on the filming of particularly rare or large-scale archival prints, lithographs, maps, and photographs”

Duration : 0:10:5

(more…)

Today we look at some fibonacci targets for the markets. SPY has a target of between 109.10 and 109.70 whereas gold has already hit it’s target at around 104. I believe that in the very very near term, we will see GLD under perform SPY due to ti’s overbought status. We went ahead and placed a short gold and long SPY trade today. Short GLD at $104.40, and a Long SPY at $107.40. Our stop is a net credit of 0.25 cents for now, and will widen. We also look at JPM as we have to see financials get stronger in order for the market to push on ahead. Rememeber that we are in options expiration so today could be a crazy day, but if we break the SPY 50 SMA daily to the down side, and breakdown the wedge be VERY careful, this market is very susceptible to a crash.

Duration : 0:5:1

(more…)