Archive for the ‘Financial Guide’ Category

Results May 21 & May 22

No Comments » | Posted by Barry Ernst
May 21 2013

Well if you were watching the market or trading today, you know it moved a lot quicker then the past and it was nice to trade with volume. We had a 90 minute day with some nice trades. We only had 1 NQ trade and as you can see the past results on the blog, the NQ was carrying us through most days. It was a little choppy today and based on our rules, there just simply were not a lot of trades on the NQ. We took a 4 tick loser on the ES and then had 2 back to back VERY nice trades. See chart and results below:  ES 5-22 +4 BE BE = +50.00 -4-4-4 = (-150.00) See chart for this trade and the 2 below +4+6+12 = +275.00 +4+6+4 = +175.00

+ 350.00 Trading the ES in the first 90 mins  

 

NQ 5-22 +4 BE BE= +20

+20.00 Trading the NQ in the first 90 mins  

Tuesday was a decent day. Had a little movement in the market especially on the NQ. See the results below:  NQ 5-21 +4+6+13 = +115 +4+6+3 = +65 +4+6+3 = +65 +4+6+10 = +100

+345.00 Trading the NQ   ES 5-21 -4-4-4 = (-150) +4 BE BE = +50.00 -5-5-5 = (-187.50) +4+6+4 = +175.00

(-112.50) Trading the ES



Financial data at risk from unsafe passwords

No Comments » | Posted by Barry Ernst
May 16 2013

According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data.

Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though this is a greater security risk that using unique passwords for each account.

The problem is that people struggle to remember passwords, and therefore choose passwords that are easier to remember, even though they don’t give adequate protection, especially when it comes to online banking.

Almost a third of those surveyed said they never changed passwords and many shared their passwords with other people.

Birthdays, addresses and partners’ names are all popular password choices, even though these are easy to guess.

The Payments Council, which is responsible for ensuring that payment services work in the UK, carried out the survey as part of its education campaign, PayYourWay.org.uk.

It has published its top tips for password security on its website.

One of its more creative tips is to use the first letters of a song lyric such as the The Grand Old Duke of York, he had ten thousand men’, which would give the password of ‘TGODoYhh10000m!’

The combination of lower and upper case letters, numbers and symbols makes this password difficult to crack and using the initial letters of a sentence know only to yourself would make the password even more secure.

H

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U.S. Import Prices Drop 0.5% Amid Lower Fuel Prices

No Comments » | Posted by Barry Ernst
May 13 2013

Import prices in the U.S. fell in line with economist estimates in the month of April, according to a report released by the Labor Department on Tuesday.

The report said imports prices fell by 0.5 percent in April following a revised 0.2 percent drop in March. The drop in import prices matched economist estimates, while the data for the previous month was revised from the 0.5 percent decrease originally reported.

A notable decrease in fuel prices contributed to the drop in import prices, with fuel import prices tumbling by 1.7 percent in April after sliding by 0.6 percent in March.

The Labor Department said a 1.9 percent decline in petroleum prices more than offset a 6.1 percent increase in natural gas prices.

Excluding the drop in fuel prices, import prices edged down by a more modest 0.2 percent in April compared to a 0.1 percent dip in March.

Meanwhile, the Labor Department said export prices slid 0.7 percent in April compared to a revised 0.5 percent decrease in March. Export prices had been expected to edge down by 0.1 percent.

Agricultural export prices tumbled by 2.2 percent amid an 8.1 percent drop in corn prices, a 6.2 percent decrease in soybean prices, and a 7.7 percent decline in nut prices.

Prices for non-agricultural exports fell by 0.5 percent due largely to a 1.0 percent decrease in prices for non-agricultural industrial supplies and materials.

Compared to the same month a year ago, import prices were down by 2.6 percent in April, while export prices were down by 0.9 percent year-over-year.

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Tags: Import Prices, Prices

Fighting for savers’ rights

No Comments » | Posted by Barry Ernst
May 04 2013

Good news, and a huge fillip for savers: Nationwide has added the current interest rate to savers’ online banking account page.

It means the 10 million savers at Britains biggest building society will instantly be able to see the return they are getting when they log in, rather than having to sift through reams of small print.

This is important because while Nationwide pays 2.2pc after tax (2.75pc before) on its MySave Online Plus account, it pays just 0.08% (0.1%) on others, such as its Cashbuilder Card, Cashbuilder Book, and Instant Access accounts.

This change is no accident. We have been lobbying Nationwide for many months to make it happen. Its a major victory in our campaign calling for banks to come clean on the returns they pay loyal savers, which are often miserable.

In February 2011 I met with Nationwides then-director of savings, Robin Bailey, to persuade him to display rates on online accounts. He fully backed the idea and promised to act. He also warned me it would take some time to implement, and it has.

Better late than never. See the screengrab below for an example of what Nationwide savers now see on their account pages.

We launched our Online Rate Honesty campaign to end the great internet banking rates cover-up in March 2011. W

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Tags: Savers, Savers Rights

Double Our Daily Goal Today – 4/30/2013

No Comments » | Posted by Barry Ernst
Apr 30 2013

Another great day today as we almost doubled our goal within the first couple hours or market open. We were close to goal within the 1st hour but not close enough to call it a day. We stuck around for a while longer and had a Beautiful trade on the ES and NQ which sent us way over our daily goal. 4 trades on the Nq and 2 trades on the ESAll winners as I may add. Also as a reminder, this is the last day to purchase the PTS System as tomorrow the discount code will expire. Al will be around all night to answer emails and phone calls with any questions. Now onto the results:

Trades 4-30 +4 BE BE = +50 +4+6+6 = +200.00 See Chart for trade:

Here are the NQ Results:

NQ Trades 4-30 +4+6+6 = + 80 +4 BE BE = +20 +4+6+7 = +85 +4+6+7 = +85

+270.00 Trading the NQ this morning

So a nice $500 dollar trade on just 3 contracts! Remember this is the LAST DAY to get the Power Trading System at a HUGE discount! Call Al tonight if you want to take advantage 904-718-4490



Tags: Today, Today 4302013

U.S. New Home Sales Rebound By 1.5% In March

No Comments » | Posted by Barry Ernst
Apr 24 2013

After reporting a sharp drop in new home sales in the previous month, the Commerce Department released a report on Tuesday showing a relatively modest rebound in sales in the month of March.

The report showed that new home sales rose 1.5 percent to an annual rate of 417,000 in March from the February rate of 411,000. Economists had expected sale to climb to an annual rate of 419,000.

The monthly increase in new home sales in March came after sales tumbled 7.6 percent in February from a four-year high of 445,000 in January.

The Commerce Department noted that the annual rate of new home sales in March is up by 18.5 percent compared to 352,000 in the same month a year ago.

Jennifer Lee, senior economist at BMO Capital, said, “With increasing signs of a softer U.S. economy springing up in the spring, we can take comfort in the resilience of the housing recovery.”

The rebound by new home sales reflected notable sales growth in the Northeast and the South, where sales rose by 20.6 percent and 19.4 percent, respectively.

On the other hand, new home sales in the West fell by 20.9 percent, while sales in the Midwest dropped by 12.1 percent.

The report also showed that the median price of new houses sold in March was $247,000, down 6.8 percent from $264,900 in February but up 3 percent from $239,800 in March of 2012.

Additionally, the Commerce Department said there were 153,000 new houses for sale at the end of March compared to the 150,000 for sale at the end of February.

The number of houses for sale represents 4.4 percent months of supply at the current sales rate, unchanged from the previous month but down from 4.9 months of supply in March of 2012.

On Monday, the National Association of Realtors released a separate report showing an unexpected drop in existing home sales in the month of March, with the trade group attributing the drop in sales to inventory constraints.

NAR said existing home sales fell 0.6 percent to an annual rate of 4.92 million in March after inching up by 0.2 percent to a downwardly revised 4.95 million in February.

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Tags: Home Sales, March, New Home, New Home Sales

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