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Making Money Alert – FREE

Punching a Hole in the Ceiling

The key metric in the market since last week has been the breaching of the psychologically and technically significant 1,100 mark on the S&P 500 Index. The index managed to punch a hole in this ceiling on its way to a new, 52-week high.

As you can see by the chart below of SPX, this broad market index has been on a tear ever since March. That tear has been nearly uninterrupted since the index bounced off of its 200-day moving average (red line) in early July.

The S&P 500 now trades firmly above that long-term moving average, but it also now trades well above its short-term, 50-day moving average (blue line). This is clearly a bullish sign for SPX and, because of this, I do think it’s safe to put money to work in this market. But if you are going to do so, be certain you have a tight stop loss in place to protect your gains if the market comes rolling back.

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Successful Investing
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Welcome to Successful Investing

Steady, market-beating double-digit annual gains for 30+ years! Successful Investing was started in 1977 by Doug Fabian’s father, Dick Fabian. It is designed for investors who are in the growth…
Current Recommendations
Fund Allocation
abc
25%
def
25%
ghi
25%
jkl
25%
Name Ticker Date Buy Price Stop Price
number 1 abc 08/30/2009 19.74 17.74
number 2 def 10/13/2009 19.72 17.72
number 2 ghi 05/15/2009 19.35 17.35
number 2 jkl 03/30/2009 20.08 17.08
High Monthly Income
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Welcome to High Monthly Income

If your goal is capital growth plus a steady income stream, here’s why High Monthly Income is for you... Our goal at High Monthly Income is simple: to help you generate enough income to meet your…
Current Recommendations
Fund Allocation
abc
25%
def
25%
ghi
25%
jkl
25%
Name Ticker Date Buy Price Stop Price
number 1 abc 08/30/2009 19.74 17.74
number 2 def 10/13/2009 19.72 17.72
number 2 ghi 05/15/2009 19.35 17.35
number 2 jkl 03/30/2009 20.08 17.08
ETF Trader
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Welcome to ETF Trader

In 2008 my ETF strategy gave investors  11.5% returns... while the S&P lost 39%.  Discover the right way to use ETFs here... Doug Fabian started moving investors into ETFs long before most…
Current Recommendations
Name Ticker Date Buy Price Stop Price
number 1 abc 08/30/2009 19.74 17.74
number 2 def 10/13/2009 19.72 17.72
number 2 ghi 05/15/2009 19.35 17.35
number 2 jkl 03/30/2009 20.08 17.08
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