Wednesday, March 17, 2010

Got Junk? - Wednesday March 17, 2010

(QQQQ)(DIA)(SPY)(ALKS)

"I know how great this makes you feel, even though you have to put up with every kind of aggravation in the meantime. Pure gold put in the fire comes out of it proved pure; genuine faith put through this suffering comes out proved genuine. When Jesus wraps this all up, it's your faith, not your gold, that God will have on display as evidence of his victory."
1 Peter 1:6-7 (The Message)


To Worship the Big Lie
1-2 God told Jeremiah, "Up on your feet! Go to the potter's house. When you get there, I'll tell you what I have to say." 3-4So I went to the potter's house, and sure enough, the potter was there, working away at his wheel. Whenever the pot the potter was working on turned out badly, as sometimes happens when you are working with clay, the potter would simply start over and use the same clay to make another pot. 5-10Then God's Message came to me: "Can't I do just as this potter does, people of Israel?" God's Decree! "Watch this potter. In the same way that this potter works his clay, I work on you, people of Israel. At any moment I may decide to pull up a people or a country by the roots and get rid of them. But if they repent of their wicked lives, I will think twice and start over with them. At another time I might decide to plant a people or country, but if they don't cooperate and won't listen to me, I will think again and give up on the plans I had for them. 11"So, tell the people of Judah and citizens of Jerusalem my Message: 'Danger! I'm shaping doom against you, laying plans against you. Turn back from your doomed way of life. Straighten out your lives.'
Jeremiah 18:1-11 (The Message)
"Therefore, my beloved, as you have always obeyed, not as in my presence only, but now much more in my absence, work out your own salvation with fear and trembling;"
Philippians 2:12 (NKJV)


Our friend David Williams from PageTrader dropped in for an impromptu chat today just as we were about to sign off. From markets to mental hygiene it wasn't bad for spontaneous radio. Join us and (Listen Now)

S&P 500 Emini Futures 

Dow Emini Futures 

 

We first mentioned ALKS to our listeners back on 11/17/09. Here is a daily chart that highlights the technicals which tied in with the news. Congrats to all traders who took advantage of this opportunity. The second chart is a weekly. As we stated back on 11/17, the investment potential of ALKS may outweigh its sheer trading potential. This is one to continue to watch.


Pray Hard & Trade Safe!
CT


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