Name: BostonWealth

Email:

Web Site: http://www.bostonwealth.net

Bio: Boston Wealth Management, LLC is an investment advisory firm providing portfolio management and financial planning services as well as stock markety commentary along with fundamental and technical anlayses on the financial markets. 1982 Graduate University of Kansas 1989 Graduate George Washington University (Master's Degree) Boston Wealth Management provides the following advisory services: Financial planning services Portfolio management for individuals and/or small business


Posts by BostonWealth:

    Trading Profits of almost $100,000 in 5 weeks

    Written by BostonWealth
    August 15th, 2010 at 10:53 pm

    On average my client accounts are up more than 10% last month and my best trading  has resulted in profits of almost $100,000 in 5 weeks in one account.

    Send an email to bwm@bostonwealth.net to find out how to join our trading room or to become a client of our investment advisory firm.

    One client handed me an account that was down -$16,376.  In five weeks the account was up $98,500! 

    Client Compliments

    Commentary, Markets | No Comments

    Potential rally next week to upper trend line around 1115

    Written by BostonWealth
    May 29th, 2010 at 1:23 am

    Guest post by Mark!  

    A MortiES’ premium subscriber!

    Here is a chart. Potential rally next week to upper trend line around 1115. But who knows?

    Charts, Elliott Wave, Exclusive, Market Indicators, Markets | No Comments

    Guest Post by Mark who is a Premium Subscriber to MortiES

    Written by BostonWealth
    May 26th, 2010 at 12:30 am

    Here is a potential big picture view. Pink lines are all parallel and run parallel to orange modified Schiff pitchfork lines. Support today was off pink line from prior swing low. Thick pink line from Jan high cuts through around 1145 (just under a .618 of latest swing). Potential right shoulder. If the neckline at today’s low was then to break, target would be around 862 near July 09 low. If we break higher, pink line target would be around 1262 which would equate to 1.272 ext ret of this pullback. Happy trading to all, Mark

    Here is a picture of how the Emini has been trading within a pitchform frame of reference.  See it right now getting support at the median line and the blue downward sloping line.  If it can’t break above the upward sloping green line, it would be a sign of weakness.

    Strength and weakness are defined within the channel, not on the horizontal, so for example if the vehicle is unable to make a new high within the channel, even though it might have made a higher high numerically, this is a sign of a weakening trend.

    I hang out at MortiES Premium during the trading day where I provide charts and analysis during the trading day. Mortie has a free thirty day trial going on. Give it a try by going here: http://www.bostonwealth.net/subscribe-to-morties-premium/ and then clicking on

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    Charts, Commentary, Exclusive, Market Indicators, Market Sentiment, Markets | No Comments

    MortiES’ Weekend Analysis 22May2010 ~ Bulls Bank Profits

    Written by BostonWealth
    May 23rd, 2010 at 12:48 pm

    A Wave 4 is described as a Profit-Taking Wave. It is not so much that the Bears are getting stronger as the Bulls are taking profits off the table as they see them eroding. The mini-crash on 6May may not have been real in the eyes of many, but it did technical damage to the market. The emotions of traders are seen in the market as fear and greed have their way. That is also why I said in my post on 6May that the low of that day would be taken out, even though the massive rebound made many think it was just an anomaly. That low (1056) was broken Friday as ES dipped to 1051.25. I think we still have more to go, but I’ll take that new low for now. If that first leg down on 6May didn’t convince traders and investors that there was a significant correction beginning, then the more deliberate decline to the new low on Friday should have convinced them that there is trouble brewing with their new-Bull market. IMO, this is why technical analysis is so great. It is based on repeatable mass psychology, and it is driven by the emotions, fear and greed. Fear and greed are ever-present human emotions that form repeatable patterns in the market, whereas news and world events cannot be anticipated and measured by the lowly traders like myself.

    The first chart below is an aggressively projected path for ES. As markets unfold, they reveal more information and counts can change, but for now this is how I am reading this 90 Minute Globex Chart. I am counting it as an ABC correction, making up W4 of the impulsive rally beginning 6Mar2009. I’m sure EWI – the Elliott gods in Atlanta – have this as the beginning of an impulsive move down after the completion of what they would call P2. They might turn out to be right, but that is not the flavor of Kool Aide I like at this time. I find that I have done well in analysis by not throwing the towel in too quickly by calling an end of a trend prematurely. Because this move up from 6Mar can contain a correction like the one I am proposing, I will go with it until proven otherwise by market action. Either way, I am Bearish until we end this wave and reverse into a W5.

    For the new subscribers who may not have seen my Weekly chart that has the most Bullish scenario for ES, it is presented here with the newest data.

    And then the most important question for short-term traders, what is it going to do Monday? Well, even during Bearish times, there are situations when we have to project rallies. Monday is one such time. I have no idea how ES will get to my target on Monday. I could take all day to form a green candle that makes it to the end of W4 or it could gap up during Globex and head down. We will just have to wait and see. W3 is at its typical, yet minimal, target level. It could also extend and continue on down to another Fib level, but my impression is that we will see a rally to at least the 1100′ish level.

     

    We don’t provide a day trading system. I am a probability trader that has modified a system that gives you an opportunity to learn to fish. The value we provide is in understanding setups and managing risks. However, there are times when I will give you a fish and other traders here will do the same. Also, please remember that this is about probabilities, not certainties.

    My goal would be an “Elliott Wave for Dummies” curriculum. I love all the “for Dummies” books because they strive to simplify and clarify. They are profoundly simple. The mark of a good teacher IMO is someone who can get the hay down from the loft so the horses can eat it. Many teachers like to complicate their subject matter so they can appear “smart”. I have no use for insecurity in teachers. The old saying that “it’s better to teach someone to fish than give them a fish” is never more true than in teaching.

    To that end, the best way to see what we do on a daily basis and on an intraday basis is to try our Premium Content. If this site doesn’t add back more than the price of admission, then you have no obligation to subscribe after one month, and you will have still learned some Elliott.

    If you like what you see here, wait to see how MortiES’s analysis can assist you in your everyday investing or trading strategy! Go ahead, check out my track record (last week we accurately forecasted 50 points of market action) and Click on “Subscribe to MortiES Premium” and give it a try! I am offering a 30 day free trial period. 

    Or just click the “Sign Up” button below!

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    Charts, Commentary, Elliott Wave, Exclusive, Market Indicators, Markets | No Comments

    Thank you ZeroHedge!

    Written by BostonWealth
    May 23rd, 2010 at 12:04 am

    http://www.zerohedge.com/article/guest-post-some-elliott-waves

    We don’t provide a day trading system. I am a probability trader that has modified a system that gives you an opportunity to learn to fish. The value we provide is in understanding setups and managing risks. However, there are times when I will give you a fish and other traders here will do the same. Also, please remember that this is about probabilities, not certainties.

    My goal would be an “Elliott Wave for Dummies” curriculum. I love all the “for Dummies” books because they strive to simplify and clarify. They are profoundly simple. The mark of a good teacher IMO is someone who can get the hay down from the loft so the horses can eat it. Many teachers like to complicate their subject matter so they can appear “smart”. I have no use for insecurity in teachers. The old saying that “it’s better to teach someone to fish than give them a fish” is never more true than in teaching.

    To that end, the best way to see what we do on a daily basis and on an intraday basis is to try our Premium Content. If this site doesn’t add back more than the price of admission, then you have no obligation to subscribe after one month, and you will have still learned some Elliott.

    If you like what you see here, wait to see how MortiES’s analysis can assist you in your everyday investing or trading strategy! Go ahead, check out my track record and Click on “Subscribe to MortiES Premium” and give it a try! I am offering a 30 day free trial period.

    Charts, Elliott Wave | No Comments

    World Cup and the Stock Market

    Written by BostonWealth
    May 22nd, 2010 at 12:05 am

    World Cup! Yeah it starts in 3 weeks.. gonna watch every minute of every game!

    If history is any indication the end of the World Cup should have the Dow at a lower point than the start of the World Cup. The World Cup is held every 4 years; to wit from the start of the tournament to the end how the Dow fared:

    Unbelievable data if you go back to every single world cup starting in 1930.. you basically get 2 up World Cups and then 2 Down World Cups.. and then in 1990 onwards it rotates every World Cup from up to down to up; statistically almost a dead heat though 10 Up and 8 Down!

    2006 Up
    2002 Down
    1998 Up
    1994 Down
    1990 Up
    1986 Up
    1982 Up
    1978 Down
    1974 Down
    1970 Up
    1966 Down
    1962 Down
    1958 Up
    1954 Up
    1950 Down
    1938 Up
    1934 Up
    1930 Down

    World Cup Odds:

    Brazil +450
    Spain +450
    England +550
    Argentina +900
    Germany +1100
    Italy +1200
    Holland +1200
    France +1400
    Ivory Coast +2500
    Portugal +2500
    Chile +4000
    Paraguay +5000
    Serbia +5000
    Ghana +6600
    Denmark +8000
    Mexico +8000
    Uruguay +10000
    Greece +10000
    Cameroon +10000
    Australia +10000
    Nigeria +10000
    USA +10000
    South Africa +12500
    Switzerland +15000
    Japan +20000
    Slovenia +20000
    Slovakia +20000
    South Korea +20000
    Algeria +40000
    Honduras +50000
    North Korea +75000
    New Zealand +100000

    Commentary, Market Sentiment, Markets | No Comments

    ES Prediction from Last Night Came True!

    Written by BostonWealth
    May 17th, 2010 at 5:37 am

    With ES down more than 13 at around midnight, I made the following prediction:

    http://slopeofhope.com/2010/05/thurston-i-cannot-believe-that-we-missed-slopefest-look-at-all-the-fun-everyone-had-surely-the-lloyds-parties-are-not-a.html

    Looks like my prediction of green came true!

    This is the second weekend in a row that I have nailed the ES prediction.. here I called for a lock limit up on ES of +55 on Saturday night even before the Greek EU bailout was announced on Sunday evening…

    http://www.bostonwealth.net/2010/05/09/limit-up-who-knew/

    Charts, Commentary, Exclusive, Markets | No Comments

    Limit up! Who knew?

    Written by BostonWealth
    May 9th, 2010 at 11:58 pm

    Wow I must have connections in high places!!

    I made this prediction yesterday on Saturday night!!!

    http://slopeofhope.com/2010/05/1150-right-number-wrong-role.html#comment-49162386

    S&P Futures did hit lock limit up at 1162 as predicted!!!

    E-mini Futures did hit lock limit up at 1162 as predicted as well at around 7:30 am. EST!

    ES as of 5:30 a.m. and ES +54.75!!!! within .25 from lock limit up!! I rest my case as a good stock marekt prognosticator!!!

    ES as of 5 a.m. EST and ES +52!!! 3 points from lock limit up!!!

    ES as of almost 4 a.m. and ES +46!!

    midnight EST is  + 30.50

    And getting close to the limit up target!

    Whenever the lead month futures contract is officially declared at a limit, options trading halts, with one
    exception: There is no maximum daily price limit on an option’s last day of trading.

    Commentary, Markets | No Comments

    Something for Bears to Remember

    Written by BostonWealth
    May 9th, 2010 at 2:26 am

    Bears remember this please:

    Two important metrics vis-a vis interbank lending and general credit conditions, while registering a slight bump in the past few weeks, currently are well within the normal zone.  However it is interesting to note that the last time the S&P 500 came crashing down towards 1100, those markets were in severe distress.

    Bears remember this please:

    Citigroup has studied 50 years of large one-day falls on the S&P 500. When markets have fallen 3 per cent or more on a given day, the average return over five, 20 and 60 days was 0.78, 0.21 and 2.56 per cent, respectively

    Bears remember this please:

    Analysts collectively are looking at 2011 earnings for S&P 500 companies above $95.  Applying a 16.37 or so multiple will get you very close to new market highs at around 1555 for the S&P 500.  Read here  to see how to apply the multiple!   Highest close was 1565 on October 9, 2007 and highest intraday level was 1576 on October 11, 2007.

    err folks…. very simple rule here.. the Greek Crises will be resolved by June 11, 2010.. no ifs ands or butts about it.. no kinda sorta maybe but not really anything about it.. you all know why.. they will all have a giant pacifier that will have them all transfixed and glued to the tube! World Cup 2010 with Greece in it!!!!
    You think they wanna be out throwing stones!!! Greece won Euro 04 and the country went ballistic with happiness for months.. encore and round two with the World Cup just weeks away.. win or lose it will unite the country in the global of global sports!!!!!

    How the world markets looked on Friday

    Commentary, Economic Statistics, Exclusive, Market Indicators, Market Sentiment | Comments (2)

    One Year Anniversary

    Written by BostonWealth
    May 7th, 2010 at 1:46 am

    Today we celeberate our one year anniversary since launching our website on the same day last year when the bank stress test results became public.

    What a difference a year makes!  The stress test results was one of the seminal events that marked the rapid ascent of the bull market; and yet today, a year later, the market is yelling out loud:  Payback is a bitch!

    This is how our site looked during its nascent days last year!

    Commentary, Exclusive, Markets | No Comments

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