As you can see it had a whipsaw in April/May-08 but the short on
6/6/08 more then it up for it and in March/April 09
but then went long on 04/30 2009 @ 27 and as of today it's
still long
Something I been working on I just started trading it beginning
this year I have back tested it and it seems to work very well
it's for long term that's more my style of trading since I
work full time
It has some whipsaws but it keeps your losses small
WASHINGTON — Millions of older people face shrinking Social
Security checks next year, the first time in a generation that
payments would not rise.
The trustees who oversee Social Security are projecting there
won't be a cost of living adjustment (COLA) for the next two years.
That hasn't happened since automatic increases were adopted in
1975.
By law, Social Security benefits cannot go down. Nevertheless,
monthly payments would drop for millions of people in the Medicare
prescription drug program because the premiums, which often are
deducted from Social Security payments, are scheduled to go up
slightly.
"I will promise you, they count on that COLA," said Barbara
Kennelly, a former Democratic congresswoman from Connecticut who
now heads the National Committee to Preserve Social Security and
Medicare. "To some people, it might not be a big deal. But to
seniors, especially with their health care costs, it is a big
deal."
Cost of living adjustments are pegged to inflation, which has
been negative this year, largely because energy prices are below
2008 levels.
Advocates say older people still face higher prices because they
spend a disproportionate amount of their income on health care,
where costs rise faster than inflation. Many also have suffered
from declining home values and shrinking stock portfolios just as
they are relying on those assets for income.
"For many elderly, they don't feel that inflation is low because
their expenses are still going up," said David Certner, legislative
policy director for AARP. "Anyone who has savings and investments
has seen some serious losses."
About 50 million retired and disabled Americans receive Social
Security benefits. The average monthly benefit for retirees is
$1,153 this year. All beneficiaries received a 5.8 percent increase
in January, the largest since 1982.
More than 32 million people are in the Medicare prescription
drug program. Average monthly premiums are set to go from $28 this
year to $30 next year, though they vary by plan. About 6 million
people in the program have premiums deducted from their monthly
Social Security payments, according to the Social Security
Administration.
Millions of people with Medicare Part B coverage for doctors'
visits also have their premiums deducted from Social Security
payments. Part B premiums are expected to rise as well. But under
the law, the increase cannot be larger than the increase in Social
Security benefits for most recipients.
There is no such hold-harmless provision for drug premiums.
Kennelly's group wants Congress to increase Social Security
benefits next year, even though the formula doesn't call for it.
She would like to see either a 1 percent increase in monthly
payments or a one-time payment of $150.
The cost of a one-time payment, a little less than $8 billion,
could be covered by increasing the amount of income subjected to
Social Security taxes, Kennelly said. Workers only pay Social
Security taxes on the first $106,800 of income, a limit that rises
each year with the average national wage.
But the limit only increases if monthly benefits increase.
Critics argue that Social Security recipients shouldn't get an
increase when inflation is negative. They note that recipients got
a big increase in January — after energy prices had started to
fall. They also note that Social Security recipients received
one-time $250 payments in the spring as part of the government's
economic stimulus package.
Consumer prices are down from 2008 levels, giving Social
Security recipients more purchasing power, even if their benefits
stay the same, said Andrew G. Biggs, a resident scholar at the
American Enterprise Institute, a Washington think tank.
"Seniors may perceive that they are being hurt because there is
no COLA, but they are in fact not getting hurt," Biggs said.
"Congress has to be able to tell people they are not getting
everything they want."
Social Security is also facing long-term financial problems. The
retirement program is projected to start paying out more money than
it receives in 2016. Without changes, the retirement fund will be
depleted in 2037, according to the Social Security trustees' annual
report this year.
President Barack Obama has said he would like to tackle Social
Security next year, after Congress finishes work on health care,
climate change and new financial regulations.
Lawmakers are preoccupied by health care, making it difficult to
address other tough issues. Advocates for older people hope their
efforts will get a boost in October, when the Social Security
Administration officially announces that there will not be an
increase in benefits next year.
"I think a lot of seniors do not know what's coming down the
pike, and I believe that when they hear that, they're going to be
upset," said Sen. Bernie Sanders, an independent from Vermont who
is working on a proposal for one-time payments for Social Security
recipients.
"It is my view that seniors are going to need help this year,
and it would not be acceptable for Congress to simply turn its
back," he said
Interesting results of Merrill’s Monthly Manager Survey:It
seems that most managers are very upbeat about the economy and the
state of corporate health:
• Cash balances plunge to 3.5%, lowest since July’07;
• Highest equity allocation (34% from 7%) since Oct’07;
• Bond allocation (-28% from -12%) lowest since April’07.
• Tech (28%) is the most favored sector everywhere;
• 75% believe the world economy will strengthen in the coming 12
months (highest reading since November 2003 and up from 63% in
July).
• 70% of the panel respondents expect global corporate profits
to rise in the coming year, up from 51% last month.
• Confidence about corporate health is at its highest since
January 2004
While I keep hearing about cash on the sidelines,. the
professionals seem to be “All In.”
Sounds like a time to go short is nearing
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
I am using program called
Ultrashort ETF for Silver .......ZSL
Posted by kevin on 31st of Jan 2010 at 11:50 pm
I am using program called Metastock some what like Tradestation but it runs it on your computer it's owned by Reuters
Ultrashort ETF for Silver .......ZSL
Posted by kevin on 30th of Jan 2010 at 10:31 pm
Might make since if the dollar continues to strengthen
stop is tight @ a close below 4.69
UUP
Posted by kevin on 30th of Jan 2010 at 10:13 pm
So far so good on the UUP trade as you can see for a few days it got close to getting stopped out it had a pull back from the buy
it bounced off the sell stop line and went up from there
SP 500
Posted by kevin on 30th of Jan 2010 at 09:55 pm
QQQQ
Posted by kevin on 30th of Jan 2010 at 09:52 pm
A sell on the Qs ,SP 500, Time for me to put the QID,SH,DXD on my watch list
Vanguard PrimeCap
Posted by kevin on 30th of Jan 2010 at 09:38 pm
Vanguard Windsor
Posted by kevin on 30th of Jan 2010 at 09:36 pm
Mutual Funds
Posted by kevin on 30th of Jan 2010 at 09:34 pm
Here's charts on a few of Vangard funds I had to go to a line chart becouse they only have closing prices All have sell signals.
Yellow Caution Bars
Posted by kevin on 29th of Jan 2010 at 01:27 am
Caution bars showed up today Time to become cautious the trend might be coming to an end
SP 500
Posted by kevin on 28th of Jan 2010 at 03:34 am
Found support at the sell stop line
FXP
Posted by kevin on 27th of Jan 2010 at 02:50 am
It seems that a member doesn't like me posting charts so this might be my last one
I have a buy on FXP stop at a close below 8.74
AAPL
Posted by kevin on 24th of Jan 2010 at 04:44 pm
System went short on AAPL on 09/10 $150s covered on 02/04/09 in the 90s went short again on 02/19/09 low 90 area stopped out on 03/11/09 high 90s
rembember cut your losses short let your winners run
03/18/09 high 90s /low 100s might get stopped out this week
UUP
Posted by kevin on 24th of Jan 2010 at 04:23 pm
Went long UUP on 12/22 @ 23.10 all most got stopped out at 22.64
Trend trading system /Forex EURUSD
Posted by kevin on 24th of Jan 2010 at 04:06 pm
Here a chart on the EURUSD with the trend trading system applied
The System on DDM
Posted by kevin on 22nd of Jan 2010 at 03:00 am
As you can see it had a whipsaw in April/May-08 but the short on 6/6/08 more then it up for it and in March/April 09 but then went long on 04/30 2009 @ 27 and as of today it's still long
Trend trading system
Posted by kevin on 22nd of Jan 2010 at 02:39 am
Something I been working on I just started trading it beginning this year I have back tested it and it seems to work very well it's for long term that's more my style of trading since I work full time
It has some whipsaws but it keeps your losses small
red bars are bearish
blue bars are bullish
yellow bars are when the market is in transition
I belive it's down over
China Shanghai Index
Posted by kevin on 31st of Aug 2009 at 01:09 am
I belive it's down over 4% as I type this!!
rumor and thats all it is for now
Posted by kevin on 25th of Aug 2009 at 02:12 pm
that a major U.S. financial institution has incurred a multi-billion dollar currency loss.
Millions face shrinking Social Security payments
Posted by kevin on 24th of Aug 2009 at 02:04 am
By STEPHEN OHLEMACHER (AP) – 9 hours ago
WASHINGTON — Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments would not rise.
The trustees who oversee Social Security are projecting there won't be a cost of living adjustment (COLA) for the next two years. That hasn't happened since automatic increases were adopted in 1975.
By law, Social Security benefits cannot go down. Nevertheless, monthly payments would drop for millions of people in the Medicare prescription drug program because the premiums, which often are deducted from Social Security payments, are scheduled to go up slightly.
"I will promise you, they count on that COLA," said Barbara Kennelly, a former Democratic congresswoman from Connecticut who now heads the National Committee to Preserve Social Security and Medicare. "To some people, it might not be a big deal. But to seniors, especially with their health care costs, it is a big deal."
Cost of living adjustments are pegged to inflation, which has been negative this year, largely because energy prices are below 2008 levels.
Advocates say older people still face higher prices because they spend a disproportionate amount of their income on health care, where costs rise faster than inflation. Many also have suffered from declining home values and shrinking stock portfolios just as they are relying on those assets for income.
"For many elderly, they don't feel that inflation is low because their expenses are still going up," said David Certner, legislative policy director for AARP. "Anyone who has savings and investments has seen some serious losses."
About 50 million retired and disabled Americans receive Social Security benefits. The average monthly benefit for retirees is $1,153 this year. All beneficiaries received a 5.8 percent increase in January, the largest since 1982.
More than 32 million people are in the Medicare prescription drug program. Average monthly premiums are set to go from $28 this year to $30 next year, though they vary by plan. About 6 million people in the program have premiums deducted from their monthly Social Security payments, according to the Social Security Administration.
Millions of people with Medicare Part B coverage for doctors' visits also have their premiums deducted from Social Security payments. Part B premiums are expected to rise as well. But under the law, the increase cannot be larger than the increase in Social Security benefits for most recipients.
There is no such hold-harmless provision for drug premiums.
Kennelly's group wants Congress to increase Social Security benefits next year, even though the formula doesn't call for it. She would like to see either a 1 percent increase in monthly payments or a one-time payment of $150.
The cost of a one-time payment, a little less than $8 billion, could be covered by increasing the amount of income subjected to Social Security taxes, Kennelly said. Workers only pay Social Security taxes on the first $106,800 of income, a limit that rises each year with the average national wage.
But the limit only increases if monthly benefits increase.
Critics argue that Social Security recipients shouldn't get an increase when inflation is negative. They note that recipients got a big increase in January — after energy prices had started to fall. They also note that Social Security recipients received one-time $250 payments in the spring as part of the government's economic stimulus package.
Consumer prices are down from 2008 levels, giving Social Security recipients more purchasing power, even if their benefits stay the same, said Andrew G. Biggs, a resident scholar at the American Enterprise Institute, a Washington think tank.
"Seniors may perceive that they are being hurt because there is no COLA, but they are in fact not getting hurt," Biggs said. "Congress has to be able to tell people they are not getting everything they want."
Social Security is also facing long-term financial problems. The retirement program is projected to start paying out more money than it receives in 2016. Without changes, the retirement fund will be depleted in 2037, according to the Social Security trustees' annual report this year.
President Barack Obama has said he would like to tackle Social Security next year, after Congress finishes work on health care, climate change and new financial regulations.
Lawmakers are preoccupied by health care, making it difficult to address other tough issues. Advocates for older people hope their efforts will get a boost in October, when the Social Security Administration officially announces that there will not be an increase in benefits next year.
"I think a lot of seniors do not know what's coming down the pike, and I believe that when they hear that, they're going to be upset," said Sen. Bernie Sanders, an independent from Vermont who is working on a proposal for one-time payments for Social Security recipients.
"It is my view that seniors are going to need help this year, and it would not be acceptable for Congress to simply turn its back," he said
Merrill Lynch Global Fund Manager Survey
Posted by kevin on 20th of Aug 2009 at 02:03 pm
Interesting results of Merrill’s Monthly Manager Survey:It seems that most managers are very upbeat about the economy and the state of corporate health:
While I keep hearing about cash on the sidelines,. the professionals seem to be “All In.”
Sounds like a time to go short is nearing