To end the second week of November the Dow Jones gained 73 points to finish at 10,270 while oil prices dropped below $77. Oil traders cited American’s decline in consumption as the main reason for the sell off. In other news JC Penny reported a whopping loss of 78% in the third quarter, [...]

The Dow Jones finished the week at its 52 week high. The stock traders have cheered recent corporate earnings indicating that the recession has eased and the economy is in recovery mode. We still want to caution although earnings beat expectations they were still significantly weak considering the massive amounts of layoffs coupled [...]

A new version of the Cowabunga Expert Advisor was released to fix a bug with the take profit levels on 11/11/2009.
 
Bug Fix:
Buy order take profits were being placed at the nearest 100 level instead of the nearest 50 & 100 level. For example, a buy at 1.4822 was taking profit at 1.4900 when it [...]

In today’s news three major companies reported future job cuts. Nokia (NOK) will cut 5,700 Johnson and Johnson (JNJ) 8,000 and HSBC (HBC) 1,700. Despite these reports the headliner for today is that the worlds greatest investor has just purchased the railroad company Burlington Northern (BNI) outright. The deal will pay [...]

The Ulcer Index is used as a risk indicator developed by Peter Martin and Byron McCann. Its name originated from a joke between the two founders that people invested in mutual funds with a high Ulcer Index rating, the more likely hood they would be unable to sleep at night and have Ulcers. [...]

The Absolute Breadth Index is a simple formula that takes the absolute value of the total number of advancing issues to declining issues. Traditionally, the NYSE has been examined, but this can be applied to any market. The higher the number the more volatility would be implied.
 
For Example: If there are 500 [...]

The stock market rose higher on its first trading day of November. This comes following a weekend in which nine banks were seized by the government and the FDIC’s balance sheet now stands in the red.
 
It is incredible how the stock market continues to shake of the bad news with any positives [...]

With the closure of nine banks in California, Illionis, Texas, and Arizona the FDIC is now in the red. The FDIC is now out of funds and will be borrowing from the Federal Government. Likely the bailout money will be going to the FDIC. This is probably the best use of the [...]

It is true $2 billion is less than 2% of the total bailout funds the government has been granted. But to completely waste it so that it has no effect on the economy is inexcusable.
 
This is just what Timothy Geithner and the Federal government effectively did with their aid to CIT group. [...]

The Trade Machine will be publishing regular results of the new CowabungaEA-by-TheTradeMachine. If you have not read the first post, please check it out here:
 
Cowabunga Expert Advisor by The Trade Machine
 
You can download the Cowabunga expert advisor for free and see real time live results of this automated system by following the above link.
 
 
Todays [...]

Do you have a trading system that you would like to make into an expert advisor, but don’t have the time to learn how to program it? If you have a mechanical trading system that can be broken down into trading rules, then The Trade Machine can build a full-featured trading system just for [...]