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GET TO KNOW MARC DAVID’S NO BULL BODYBUILDING

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As a longtime member of The PPT and 12631 (first member who signed up), Marc David has proven himself to be as disciplined and hardworking as any trader out there. He uses and fully analyzes all of the features of The PPT algorithm, which is quite impressive given how complex and substantive it is.

In addition, Marc is a fitness expert and is extremely knowledgable about bodybuilding, nutrition, and all aspects of health and wellness. He has earned the respect of everyone in the iBankCoin community, and it would be foolish to not try out his website. As traders, we spend tons of time sitting and possibly neglecting our health. Marc has a great track record of specializing in fitness and health consulting for the trading community. You can see his ad off the right of your screen, or you can CLICK HERE to go to Marc’s site.

As someone who has talked to Marc extensively over the past few years, I give you my word that you will not be disappointed in his service. Marc is a proud sponsor of iBankCoin, and iBC is proud to have Marc as a prominent member of our community.

Follow Marc on twitter: @marc_david

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Ford (In) Focus

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Several 12631 Trading Room members have been asking about Ford’s stock on multiple timeframes. Below, you will find the daily, weekly, and monthly charts of Ford, with my analysis on them. Hat Tips: @mda1125 @spinner @GYSC

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Year One in the Books

It is hard to believe that it has been one full year since my inaugural post under the “chessNwine” tab here on iBankCoin. Over the past year, I have written close to 900 posts, working as hard as I possibly can to deliver a steady stream of quality content to you. I have been extraordinarily lucky in quickly amassing both a broad and loyal reader base. That large readership has translated breathtakingly well into The 12631 Trading Service, which has blown away any reasonable expectations in terms of subscribers and sense of community.

I also feel fortunate to work with a talented group of traders and writers, who happen to be great guys. We all know that The Fly is the heart and soul of iBC. Having met him in person and having spoken to him on the phone many times really drives home the point that iBC is a special place. We might be the “bad boys” of finance, but when it comes down to putting forth a consistent effort and quality work product, we are the good guys.

My 12631 business partner and good friend, RaginCajun, not only has the best pure instincts of any trader that I have ever known, but he is also a trustworthy man with tremendous character. He clearly deserves the best compliment that a trader can receive: Great trader, great guy.

Since late 2008, the precious metals and miners have been on a fierce bull run. Within the entire world of finance, including television, famous periodicals, bloggers, pundits, hedge fund managers, etc., there are very few, if any, who can hold a candle to the precise calls that our own JakeGint has made. Simply put, if you are not reading Jake, then it is literally your loss.

Woodshedder continues to deliver exceptional results with his Power Dip System. His work is professional, thought-provoking, and almost always dead-on. He is old school iBC, and I am honored to work alongside him.

Scott Bleier has years of legitimate “street cred” and experience under his belt. His morning radio show is mandatory listening for market observers and participants, as it is far superior to anything else that you can find in the financial media.

Our two most recent additions, Mr. Cain Thaler and Analyst Bomber, are great writers with talent who are really putting out some provocative material. It is only a matter of time before their traffic starts to ramp up. I also want to give a huge shout to Jeremy, our awesome workhorse of an IT guy, who is the closest thing there is in the techie world to a one-man gang. Last, but certainly not least, Cronkite has been tearing up the iBC news section. Make sure you follow our news alerts on Twitter: @ibc_fn.

In case you did not know, roughly fifteen months ago I came out of nowhere and decided to try my hand at writing about the markets. I knew the odds of me garnering any kind of readership or attention at first were slim to none, but I was willing to accept whatever the marketplace of readers thought about my work over time. If they liked it, I would keep at it. If, after a reasonable amount of time, the feedback was bad or nonexistent, all I would have lost was some time and energy. I started a Typepad blog and used social media, putting out daily recaps (called “The Post Market Courier” back then), and as many trading ideas and videos as I could.

Eventually, I realized that I should try my hand in The Peanut Gallery here on iBankCoin, given the large amount of traffic the site gets and possibility, however slight, for a full-time position. The competition in the Peanut Gallery was heated, and the readers were a tough bunch in rating my posts. I kept at it, though, to the point where I was respected, at the very least, for my work ethic. By early May of last year, a spot opened up for a full-time tab on iBC and you, the readers, voted me in.

The bottom line is that without the readers, there would be no “chessNwine,” let alone iBankCoin, The PPT, or 12631. I would like to sincerely thank all of you. In particular, I want to thank those loyal folks who cheered me on in the Peanut Gallery back on those cold, dark winter nights in early 2010, when I felt like I was carrying on a soliloquy with no audience in the middle of the forest.

Whether it be to the delight of our supporters or to the chagrin of our enemies, iBankCoin is going places. There is simply no other website out there, in any industry, that can compete with us in terms of how well we are able to constantly deliver a stream of content that informs, educates, inspires, entertains, and keeps you coming back for more.

Year one is in the books. Bring it on, year two.

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Japanese Candlesticks at Work

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As you can see on the updated monthly chart of FCX above, one of my main stock market tells has been consolidating for several months now. You could easily call this a bullish consolidation within an overall uptrend, but it has been a bit lacking in trend for quite some time nonetheless, making it tough for trend traders, bulls and bears alike.

Way back in January, I made this video below for 12631 subscribers, explaining the monthly dark cloud cover Japanese candlestick pattern that I saw, which led me to the thesis that FCX would likely see several months of consolidation.

Where is it going next? Stay tuned. I will have more analysis on Freeport in the coming days and weeks.

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[youtube:http://www.youtube.com/watch?v=a9dAI_4_wVk&feature=player_embedded 550 412]

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The SINAs are Much More Fun

[youtube:http://www.youtube.com/watch?v=lKSpzi9lKyQ 550 412] _________________

Just a few short days ago, SINA was on my watchlist for a continued breakout higher after a prior steep run. Well, guess what happened? The breakout price never triggered, I took a pass on the trade, and the work I did in charting it for you became a moot point, right? Not necessarily. SINA has been sold hard over the past few sessions on heavy volume, presumably seeing both aggressive profit-taking by institutions and hot money latecomers getting their clocks spring cleaned.

Now, however, The PPT algorithm is flashing SINA‘s hybrid score (combination of fundamental and technical scores) as OVERSOLD. In previous instances where SINA has flashed Hybrid OVERSOLD by The PPT, the stock was higher both seven and ten trading sessions later 100% of the time (six out of six instances), with an average return of 12.46% and 19.03%. Perhaps these staggering numbers can largely be attributed to the fact that SINA has been in a steep uptrend since last summer.

Either way, this is the type of knowledge that we in The 12631 Trading Service are armed with on a daily basis. What we do in 12631 is take The PPT algorithm one step further. In light of SINA‘s daily chart below, combined with The PPT OVERSOLD historical statistics, we could easily see buyers come in to stabilize the stock just above the 50 day moving average in the next day or two. If that happens, the setup for a seven to ten day hold would appear intact, with a sensible stop-loss of around 7% to mitigate downside risk. Note also that earnings appear to be scheduled for May 16.

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Cutting it High and Tight

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At the risk of stealing the formidable Woodshedder’s thunder (that may or may not be him getting a haircut above), I have seen quite a few high and tight bull flags pop up on the charts lately. Recently, I have been doing a video chart request series for 12631 subscribers, where members ask me to look at a few charts and I talk them through my analysis. Thanks to our talented community, such as @deberts and @thewife (there are plenty more excellent traders), below you will find two classic high and tight bull flags to consider.

Regarding what a high and tight flag is, after a sharp move higher, you are looking to see how a stock comes to terms with that move. If there are wild price swings and/or if there is a high volume selling affair, then the chart usually becomes too sloppy to swing trade. If, however, the stock quietly digests the big move on declining volume and tight price action, then the possibility of a secondary breakout higher increases substantially. The latter scenario gives us the high and tight bull flag look. Hence, you will always want to be on the lookout for these types of patterns, especially when the broad market is constructive and breakouts are more likely to be successful.

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