Archive for June, 2009

What Is Going On In the Market

Posted By stevenlocke on June 30, 2009 @ 12:32 am

A funny thing has happened in the last 6-8 weeks.  There are almost no sellers.  Literally.The market has made a massive directional push up and really just holds up and does not correct now.It seems almost funny now how difficult it is to short anything for more than maybe 20 minutes or more.   Obviously you cannot fight the market - its doing what it wants how it wants.  But it sure makes trading hard - the buy and hold guys have it locked down.

One thing I know is that no matter what these guys do that are chasing and then bidding the market so it does not sell - it will sell eventually.  The only way you actualy make money, whether day trading or longer term investing, is to  lock in profits.  Until then its just a fantasy.At some point they will turn the tide from chasing in, to wanting out to lock in profits (or avoid losses).

A key pattern lately has been to break below support and then out of nowhere a massive burst of buying jams the market back to the highs.This sort of thing happens so often now, its completely expected.  Often this can result in a new daily low (the break) , only to see a new daily high 30 minutes later as the buyers relentlessly chase the market (im sure shorts are in there too, trapped like dogs).

Even when the economy was plowing along at full steam, we would have 10-15% corrections all the time.And this was what happened when everything was good.Because of this I am not sure what is actually going on.  Several theories are in play that I think about:

  1. Shorts are completely or mostly out of the market.  The SEC messing with the short rules before caused a panic, and now there are many proposals again in regard to uptick rule and shorting.  Rather than get caught, they are staying away from day trading and longer term positioning.
  2. The level of manipulation appears high.  There is a group of large banks or funds that are pushing the market higher at the Fed's and Treasuries request to try to turn the economy out of the recession by making it appear as if the stock market has it figured out.  The way the rescues happen like clockwork, the ramps into the close every friday, and other very odd trading behavior gives this some credence imo.  Would be easy for the government to just give these guys money to push the market up.
  3. Traders are mostly gone, and computer algorithm trading takes over.This can happen also - computerized trading has taken over more of the futures market, which in turn drives stocks.  Since there is no real force to fight them and they are all doing the same thing it just keeps going.  This one I like too because the actual variance of price during the rally pushes is actually uncharacteristically low most of the time.  I have seen the dow futures push up 100 pts in 20 minutes with maybe an 8-9 point max retrace the whole time.  Sure this happens - but not this often as it does now.

Whether any of these theories are true or not, I have no idea and may never find out.  All I know is the trading action is very odd and I expect at least half if not more of this gain to be gone when this is done.Note that I am not predicting a top in the market, I am simply stating that what goes up almost always goes down - and the down is usually painfull.The market could hit 9.000 or 10,000 etc.  I really dont think 10k is possible, with GM dust, C is dust and a few others they just dont have the fuel for the DJIA to actually push up that high in the short term.

Maybe everyone just needs to learn to trade again – this is the new market to stay!

Credit Report and A Credit Fix

Posted By stevenlocke on June 28, 2009 @ 8:33 am

Begin with free credit report. There is a relationship between credit rating and Credit Improvement. If your credit rating is 600 or below, Credit Improvement is needed so you will always be in good standing. 

But what is a credit rating? This is an indicator that tells creditors if you are credit worthy. A simple way of doing this is to encode certain things about you in the computer and within seconds, they will see the results appear on their screen. 

Credit rating ranges from 350 to 850 and as mentioned earlier, a Score of 600 or below is bad because if you apply for a loan, you will be paying higher interest rates compared to someone who has a good rating of 700 or above and this is usually based on 5 factors. 

First, the number of inquiries you have made in the past 2 years. Did you apply for a loan or a credit card? If you did and this was approved, then as long as you pay it on time, you will have a good credit rating. 

Second, what types of credit you actually have? If you have funds, then that is good. If you don’t, well don’t expect to have a high credit rating. 

Third, what is the length of your credit? People who have a line of credit for 5 years or more have a better credit rating compared to someone who just graduated from college. 

Fourth, how much is your debt? It is okay to have bill once in a while as long as you are able to pay for it. If you don’t owe money to anyone, then good because this will be reflected on your high credit rating. 

Lastly, what is your payment history? This is somehow connected with your length of credit because this will show if you have been able to make payments on time. If you missed a payment that could be bad but if you have not, then you should have a good credit rating. 

All these five factors are equally important. So you can see if you have any problems, get a credit report from one of the three crediting agencies namely Equifax, Experian, and Trans Union.

You can get a copy from each one at the same time or do it at different times of the year. This report changes so you should obtain a copy annually. 

One thing you might notice looking at the different reports is that they may not always reflect the same thing. When this happens, don’t be alarmed because each one uses a different set of protocols in coming up with those figures. 

However, should something there be outdated or mistaken, this must be corrected. If you have the supporting documents, write a letter and send this to the credit agency. 

If what the report says its true and you are in a lot of trouble, then steps have to be taken to initiate Credit Improvement. You can do this by yourself or with the help of a counselor. 

Regardless of who is involved, only one thing is certain and that paying off whatever outstanding bill you have is the only way to improve your Report and Score. 

Don’t expect that your loan application will be approved if you credit rating is not very good. Do something about it because Repairing Your Credit is your only option.

For more have a look at instant car insurance quotes and insurance quotes.

Hints to Preserve a Superior Credit Record

Posted By stevenlocke on June 27, 2009 @ 4:35 am

Most people have a good idea of their rough credit score, however, most folks do not know how that score is calculated and if anything can be done to fix credit or to mend it.

There are a variety of issues that you must concentrate on as you do your best to maintain clean credit. Some factors are more key to the score than others. Each area on the credit report is of different value to your comprehensive score; they can range from high to average to low weight.

When you have many open credit card accounts, each with a low balance, it could damage your credit score even though each individual balance isn’t very much. The excessive number of these can start to overshadow more important things like your payment history. In short, any score system is informative, but not watertight.

Not all the negative entries will alter your credit score in the same way. Tax liens, judgments and bankruptcies demolish your score. These are the most damaging nuclear bombs for your credit.

Bad credit dwells in your shared financial profile for up to ten years. That is the most terrible part. One more positive thing is that the majority of the valuation programs cannot decipher the open records very accurately. Public courthouse records have a propensity to lack consistency. The credit records are ordinarily only a straightforward text field that a valuation system has to assemble. Furthermore, the credit reporting firms must – by hand – amass public files. Susceptible to errors and expensive, this system is hard. There are various limitations in the public record reporting system and the better part of these difficulties go to the consumer’s advantage. Items in public records are easier to purge than you might consider, even judgments and liens.

Credit reporting is also performed inconsistently by the debt collection firms. Collection agencies do not watch out for the best interest of the consumer and , therefore, hurting their credit score and preserving wrong listings. In short, collection agencies are more concerned with getting paid than they are with the truthfulness of the credit system. The collection company has a financial interest in keeping an active collection account from falling from the file, so collection accounts are often incorrect. With a collection firm, they are motivated mainly on income. In return they often will erase damaging credit entries only if supplied a financial reason. While paid collection accounts are better because they’re simpler to take away through efforts to challenge, paid collection accounts are just as damaging to a credit rating as unpaid collection accounts.

While applying for a mortgage, blotches such as a “charge off” will be destructive. The same as an account for collection or a charge-off, a repo or foreclosure not only decreases the credit score, but it is really difficult to have removed by making contact with the lending party.

Credit scores are decreased more when the credit problem cropped up more a short time ago. The score gets a harsher blow when the negative remarks that are posted are fresh. One 30-day late payment will surely damage your credit rating, causing it to go down considerably, for example. Keep in mind that while being thirty days past due is not a good thing, it is by far less damaging than having more than one payment with which you are very late. Your credit score will drop, also, if you show that your dependability is nose-diving. Your credit score will be also be affected the more tardiness you display.

You should adopt good wonts to maintain a high, valuable credit score. You should never misuse your idle credit by using it to purchase expensive consumer products. Send in more than the bare minimum payment, and pay your bills in a timely manner. Before you have to repair bad credit later, you should always deem your credit as an asset, just like actual money in your bank. Elevating your credit score will not only help you put away assets by getting you lower interest rates, but it will also enhance your standing in the eyes of creditors.

Credit counseling vs Credit card debt negotiation programs which is better for your financial predicament?

Posted By stevenlocke on June 26, 2009 @ 4:11 am

Were all aware that we here in the United States are stuck in the middle of a horrible financial collapse.  Needless to say this is causing severe loss to many Americans.  There are an almost a never ending number of foreclosures plus rising levels of unemployment.  To add insult to injury credit card debt is on the rise.  This is leaving millions of people in predicaments with their credit card debt that is very hard to keep up with.  At some point people start considering reaching out and getting some assistance with their debt situations when they come to the realization that there aren’t very many options on the market to help them.  The two most popular of credit card debt reduction programs are consumer credit counseling programs sometimes known as a debt consolidation plan and debt settlement sometimes referred to as credit card debt negotiation.  

Both of these programs do have the ability to help people get out of debt much sooner than if they were to just hang out on the debt treadmill and pay monthly minimum payments.  However these programs are very different.  

A consumer credit counseling program has very lucrative benefits; one being they can normally get the interest rates bumped back down.  Another very nice aspect of this program is that you will make merely one payment a month to the credit counseling agency in which they disperse to your creditors on your behalf; thus making your life much easier in terms of paying monthly bills.  On average a consumer credit card debt counseling program will take anywhere from five to eight years to get out of debt.  

Debt settlement is a much different kind of a process.  For starters you actually reduce your balances not your interest rate.  So you end up saving a lot of money, in most situations the debtor will see a savings of 50% or more from how much they owe the creditors.  Another stark difference from a consumer credit card counseling plan is that you will be debt free much more rapidly with debt settlement, usually no more than four years.  But there is one downfall, in order for the credit card companies to be in position to work out a debt settlement the credit card accounts must go into default; the creditors will never negotiate when you’re up to date with the payments.  So this does have a derogatory effect on the credit report.  

The negatives put to the credit report will not remain there forever and it will go back up towards the end of the credit card debt settlement program.  For the vast majority of people in credit card debt one of the two programs mentioned above will help.  Those folks who have no problem paying their minimum payments on time should go for credit counseling; but those who have a large amount of credit card debt and have a hard time maintaining there payments then debt settlement would be a better suit.

How Michael Cohen’s Doubling Stocks Can Help Stock Traders

Posted By stevenlocke on June 25, 2009 @ 12:09 am


To win in a stock trading game, you need to have the keen eye and observation in analyzing everything especially, say, today’s stock trading events, so you can have an edge for tomorrow’s game. Stock traders usually do this but not all of them are successful and your chance to “foresee” the stock trading future is very slim around a thousand or even a million to one. Thank goodness there is a new way on how to do this and have the possibility for you to turn into a millionaire overnight. This new way is actually Michael Cohen’s creation, Marl, the stock trading robot. Who is Michael Cohen, by the way? Michael Cohen is the one who is responsible for the development of the world-renowned “Global Alpha” computer stock trading robot, while he is still working with Goldman Sachs which was very successful in analyzing stock tradings. Now that Michael is on his own, he had developed Marl and this is available for all who are into stocks trading who want to put their investment in the right places.

What Marl, the stock trading robot do, is he has the capability of downloading a stock market report, say, for this day. Once he has all the date at hand, he can proceed to analyze the completed date and from there, can calculate the probabilities of winning and it can suggest to any stocks traders on where to put their investment in the right places by giving off a Doubling Stocks newsletter. Now, a stocks trader can use this as basis for his “play”. It can give him a probability of earning huge income in stocks trading or just minimize the risks which he will undertake while investing in stocks trading.

If you’re in a stocks trading game and you want to know more about Marl, Michael and Doubling Stocks, it’s best that you should read this Doubling Stocks review so you will have a better perspective on how they can work for your own benefit.

Find Brand New Auto Financing

Posted By stevenlocke on June 23, 2009 @ 4:11 pm

Purchasing a brand new car or even a used one can be very costly to any person. Acquiring one with your own money can be even difficult for some people. This is why many financing institutions and dealers have come up with various tailor-made deals to suit almost every one of their customers. Although there are several options available, studies show that the majority of people opt for car dealer financing. According to experts, car dealer financing is more profitable than purchasing it directly from the california auto insurance company showroom.

Car dealer financing is very popular today. If you look at the vast number of car dealers out there who are budding like mushrooms, coming up with all sorts of new deals each month. An increase of car dealers mean only one thing; the customers will find it difficult to choose the best car dealer financing option. find auto insurance quotes here today!

When there are too many options, selecting the best one can become difficult. If you read through, the tips that follow might help you make a better choice.

The main thing anyone should do is to check if the car dealer is from the local vicinity or in a neighbouring locality. What good would an advantageous deal do if the dealer is not from your neighbourhood area or does not even function there?

Obtaining information about car dealer financing can be done easily as there are enough of listings in the yellow pages and even on the internet. Today there are many car dealers that have their own websites, so all you need is to browse through a few to get an idea of how the process works.

Shortlisting a few car dealers will help you get on to the next level of finding their interest rates. Online verifications and inquiries could be made if the dealer has a website.

The best testimonials and recommendations can be obtained from family and friends. They are the best people who can provide you with honest answers regarding car dealer financing.

Some of the most reputed dealers working on car dealer financing have an updated list of their product offerings. There are enough of car dealer scams happening; it is best to keep your eyes and ears open and to avoid them. Always make sure that the car dealer you are dealing with is carrying on a legal business and not a fraudulent act. This will minimise unwanted troubles in the long run.

How To Define A Chart Trend

Posted By stevenlocke on June 22, 2009 @ 8:35 am

A funny thing happens when you put up a price chart and ask people to define what the trend is.  Even when its completely obvious to someone like me, as in not any question at all, you will still get many different answers based on the exact same chart.  This stems from many people not knowing the proper method to actually find the trend on a chart.  It is actually quite simple, and is a key thing to know if you want to learn to trade.

The first thing that needs to be done is to size the chart in the right manner.  There is no point of putting up 5 years of data if you are looking for a daytrade to hold for 5 minutes - that is completely pointless.  So here is a guide for what you need as far as time loaded on a chart:


  1. 1 min chart:  Have at least 2 hours of data (120 bars) on the screen but no more than 6 hours (1 full day).
  2. 2 to 5 min chart: Make sure you have at least 3 hours of data up, but no more than 2 days.
  3. 10-15 min chart:  Have at least 3 days of data up, but no more than 1 week.

Swing Trades (longer term hold) you will want a 10 to 30 minute chart up and you will want at least 10 days of data up on the screen.

Once you have the data up on the screen, make sure you are looking at a "bar chart" and not a "candlestick chart".This makes it much easier to identify the trend.  Start by identifying every single  V  bottom area.  Anytime there is a low with a V bounce, make note of it.Additionally, look for / top areas where the price spikes up and then sells off sharply.Focus in on the major ones where it moves significantly away from that area in a short period of time.Next you will want to get your charting draw tool and connect the V to each other V you see.Connect the / to each other /.  Connect the low of the V, the highs of the /.  Again, this is a key to learn how to trade.

Lines that slope from the lower left up to the right means the stock is in an uptrend.  Lines that slope from the upper left down to the right means the stock is in a downtrend.Another easy method: Go to the first bar on the left, and then to the very last price on the right hand side.Draw a straight line going in between the two.if the line is pointing upward - this is an uptrend.if the line is sloping down to the right, then the trend is a downtrend.  The other key thing to look at is the oscillations around this trendline.Does it go up and down 2pts, up and down 1pt, up and down .50 etc - on average, not exact.  This gives you a general sense of the strength of the trend.  The lower the oscillation, the stronger the trend.  The theory here is the buyers (in an uptrend) or the sellers (in a downtrend) are so strong that it hardly budges against the buying or selling.

Another thing to keep in mind the more you practice, the faster it gets – the lines are no longer necessary.  I can look at any chart and in a matter of seconds know the trend and the strength.Additionally, you really need to know the trend direction and strength on the next higher timeframe than you are trading on.One example would be on a 5 minute chart the stock is in an uptrend, while on a longer view (15,30 min) its actually in a downtrend.  This needs to be paid attention to, because the longer term trend can push the shorter term trend back into a downtrend.Overall, you want your higher term chart to be a time multiple of about 3 from the chart you intend to trade.So the way it works is if on a 1 min chart, you also want to look at a 3 minute chart - if you are using a 5 minute chart, you want to look at a 15 min chart also.  Once you can easily tell the trend of any chart, other aspects of learning to trade become much easier.





Get Clearer Windows With These Window Cleaning Tips

Posted By stevenlocke on June 18, 2009 @ 9:45 pm

On the surface, window cleaning seems like a pretty easy job.Ask any teen to do your window cleaning, for pay, and they will gladly jump at the chance to make some money. But the big problem you’ll find, is once they do it, they will probably tell you they won’t ever do that again. The problem with window washing is not the work you have to do, it’s how you are going to do it, when you are going to do it, and what tools you will use.  Take it from my years as a San Diego Window cleaning company, if you want someone to enjoy cleaning your windows, or if you want to do it yourself, keep some of these tips below in mind.

If you are cleaning your windows directly in the sun, you will see that this causes a bunch of streaks that will seemingly not go away no matter how much you clean them! It’s frustrating, but knowing a simple tip like washing them when the sun passes away from the windows, or is not so hot, can save you from failure and frustration as well.

Some San Diego window washing tips that take the frustration and hassle out of window cleaning are:

The method you hold you’re squeegee counts!

Now when you are holding the squeegee, be sure that the angle is correct and it is in the directino of the water flow. If the water is flowing down towards your feet, pull the squeegee either sideways allowing the water being squeegeed to flow down to the part you haven’t hit yet. If you find yourself on a rooftop for example and you find the down angle above your head, make sure to squeegee forward so you cause the water to flow to the part untouched. If you find yourself working against the flow of water, this will cause the water to build up and it will flow out of the sides and that will make streaks.

Wiping the squeegee blade is very important!

Some people try to squeegee the whole window one stroke at a time without wiping the blade until the end. This won’t work very well and can make ugly streaks just from the water left on the blade. Every time you go to get that (which is twice in the same spot essentially) you cause another streak.Wiping after each stroke the blade will avoid this problem completelyand get the window cleaned much faster without retracing steps.

Make the streaks overlap

After each stroke you should overlap the top of the next stroke (about an inch into the dry area) and make your next stroke. If you’re pointing the squeegee so the water buildup falls downward towards the wet part of the window and you’re drying off the blade after each stroke, you will not create
an additional streak that you have to go back over. Never try to squeegee right on the line, this could cause splash up into the dry area and is counter productive.

Use plenty of water

If you don’t use plenty of water, you will cause yourself a hard time by making the strokes more dificult rather than smooth strokes with the squeegee. don’t be afraid to use a lot of water and when possible be sure to use sideway strokes where the water is flowing down towards the part of the glass that is wet.

So there you have it.  Some easy to apply San Diego window cleaning tips for all you do it your selfers.Follow the steps outlined here and you will be very pleased with how your windows look.

How to Clean Windows without streaks

Posted By stevenlocke on June 16, 2009 @ 10:16 am

Well the spring time is upon us, well okay, I must confess living in San Diego the weather seems like it is always spring.  What can I say?

Being the owner of a San Diego window cleaning company has it advantages.  But perfect weather does not equal spotless and clear windows.

As a matter of fact, most of the time, us San Diegans think our windows don’t ever get dirty.  Not so.

Let me clear one thing up, though, this article is not solely for Southern Californians.  You can use these window cleaning tips no matter where you find your self on God’s green earth.

So ready?  Let’s begin.

Can you guess what the main problem is when trying to clean windows?  Those ugly streaks.  We wake up one day feeling great, believing we can take on the world.  So what do we want to take on?  We want to take on our windows.

But wait just one minute.  Before you even think about taking on such a big job as cleaning your windows, and I’m not saying you can’t, let’s get the procedure right.  And when you do, you will see how much easier it makes this job.

Ready for the how to?  Here goes lickity split.

The first thing you need is the right tools for the job.  This isn’t going to be as simple as breaking out the windex and some paper towels and wiping down your glass table.  No, this will be glass that has been attacked by the elements, the weather, and even birds and insects and whatever else ran into your windows.

So what is the right equipment?  Well it surely isn’t windex and paper towels.  Nope, all you need to do the job right is a squeegee a spray bottle, and then paper towels.

Put all these tools together, use them correctly and you day of cleaning windows will be a breeze.

So now what do you do with these tools?  Well the final part is the secret sauce.  Ready for the secret ingredient?  Drum roll please.  The secret sauce is 2 gallons of water and a teaspoon of dishwashing liquid.  Sounds simple, but that is all you will need to make your windows streak free.

Oh snap, one final ingredient I haven’t mentioned yet.  And it is a biggie.  The final ingredient is a lot of elbow grease.

Remember when you woke up all gung ho ready to take on the windows?  Well after the third window or so, that little bit of elbow grease might just not be enough.

Well when you do, don’t forget where you got the advice.  Your wonderful local San Diego window washing company, who won’t mind adding some elbow grease.

Till next time, happy cleaning.

What's the best Savings Account type?

Posted By stevenlocke on June 14, 2009 @ 9:45 pm

Small differences in interest rates on your savings can result in significant increases on interest earnings. This alone becomes a compelling reason to compare savings accounts, for there are many types. But aside from the high interest savings accounts can provide (compared to ordinary transaction accounts), they operate under different terms and conditions which also influence the net return you receive and the conveniences you enjoy. You will need to compare savings accounts features with your banking needs to determine if you have the right savings account.

Savings Accounts

These traditional savings accounts can be useful for pulling together savings which you then shift across to a higher interest account. Interest rate starts at a low base rate (a 0.01 per cent basic rate is fairly standard). You can make them earn like a high interest savings account if you follow certain conditions which will qualify you to a bonus rate. The conditions include making a minimum deposit each month and/or avoiding any withdrawals during the month. You will need to keep a minimum balance in the account otherwise fees will be imposed. Look beyond the big banks and look at the smaller banks and non-bank providers such as building societies and credit unions who may offer higher rates.

Online Savings Accounts

Banks and financial institutions find online savings accounts very economical to operate. By cutting the costs and overheads the savings get passed on as higher returns with online saving accounts. For consumers like you, online savings accounts allow you to access banking services on 24/7 basis. Online savings accounts allow you to transfer money to and from a linked transaction account in the same bank or in another — although having the two accounts in the same bank makes the transfers instantaneous. Make sure to compare savings accounts since interest yields are higher in some banks. However, interest rates are not tiered and you get the same rate regardless of the balance in your online high interest savings accounts.

Children’s savings accounts

These are high interest savings accounts designed to encourage your children to become savers. These accounts are similar to many traditional saving accounts in that they start with a fairly low base rate of interest and provide tiered rates of interest that get higher with larger balances. Fees are usually very low so as not to dampen your children’s enthusiasm for saving. Typically these types of accounts offer full in branch access with the idea that children get to see their savings being handed over and used to the banking process. Children also acquire a direct sense of ownership because their names appear in all account records.

Cash management accounts

These accounts can serve as a transaction account but at the same time they act like high interest savings accounts. Interest is computed on a daily basis and paid into the account monthly. One caveat, though: the high interest savings accounts rates will apply only if the initial deposit to open it is substantial. Compare savings accounts terms carefully because some banks accept $1000 but others require as much as $5000 initial deposit. In addition, interest rates are tiered and the best rates are reserved for higher balances. For smaller balances, you have to compare savings accounts rates with other types. If balances are high enough, fees may be waived.

In summary; when your choosing a savings account you should check the following things before you go ahead and apply

• Duration of and conditions to qualify for bonus rates
• Requirements on minimum balance, deposits, fees and charges
• Limitations on number of withdrawals
• Requirements on linking of transaction accounts
• Conditions on linking of accounts if one of the linked accounts is in another institution.

Article by Richard Greenwood who operates banking comparison website which compares leading savings products including St.George Direct Saver. Rates and terms can be compared before applying with the banks.

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