Jeffclarktrader.com Website Review

looking to buy into weakness. that turned out to be a smart trade, as the stock market opened lower on monday and then reversed. by wednesday afternoon, the s&p 500 was trading 90 points above monday’s lows. today, the smart trade is to do the same thing as last week… buy into any weakness today.. banned for 155 years, ben franklin’s “money license” legal again? the founding father owed the biggest part of his fortune … not to the invention of bifocals, the lightning rod, or poor richard’s. almanack… but to a special type of “money license” he used to help u.s. colonies prosper. his method worked so well that—according to some historians—the federal government was forced to ban it in 1863. now, it’s making a comeback, and 13 u.s. states could reinstate the “money license” very soon. for those who take advantage, it could mean the payday of a lifetime. (franklin made so much money, he was able to set up a trust that paid out millions… for 200 years!) you see, the stock market is in very much the same condition as it was in last monday. the s&p 500 is trading below the closing lows of october and november. technical conditions are quite oversold. investor sentiment – a contrary indicator – is wickedly bearish.  that’s not as extreme as the 70-point gap we had last week. but, it’s far enough to create a decent “snap-back” rally if the we also have one other factor that favors the bullish side this week… the fed. the federal open market committee (fomc) meets on tuesday and wednesday. it will make an announcement on interest rates on wednesday afternoon. and the fomc is widely expected to raise interest rates one more time. how the market responds to the fomc announcement is anybody’s guess. there often doesn’t seem to be much rhyme or reason to the market but, there is a fairly consistent trading pattern in the days leading up to the fomc announcement. for at least the past two years, the stock market has usually traded lower on the friday and monday before the fomc announcement. it has