The Best WordPress Themes

Mhthemes has an outstanding group of WordPress themes that not only look great but are highly functional and configurable as well.  I have looked at hundreds of WordPress themes over the years and the MH themes collection in my opinion are the best responsive wordpress themes available.

Currently  the following themes are available:

  • Cicero
  • MH magazine
  • MH corporate
  • MH newsdesk
  • MH purity
  • MH elegance
  • MH impact

Cicero is a responsive blog with a clear cut layout and nice flat design.  

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Gold Price Pattern reveals a symmetrical Broadening wedge

The gold price is trading in what appears to be a symmetrical broadening wedge formation.  This pattern has the potential to manifest itself as a continuation pattern with an upside measurement.  My current view is that it will resolve to the upside and reach possible targets near 1400 range.

There are a few things that have developed in the gold price as of late. 

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Posted in Online Trading
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GOLD AND SILVER MAKE MAJOR LOW AND ARE NOW POISED TO SKYROCKET

Both gold and silver have been old news and boring news for quite some time now.  Once again both of these markets have lulled everyone to sleep and are now quietly staging their revenge on both bulls and bears alike.

What type of revenge?  Price revenge and rapid price revenge.

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Posted in Online Trading
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Robinhood Broker intriguing entrant into the discount broker space

Do you like the idea of paying $0.00 in total trading commissions ?  No minimum initial funding amount to open the brokerage account ? How about saving a few hundred to a few thousands of dollars per year ? (depending on how many total trades you make per year ).

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A bullish bat pattern in the DIA and sPY ETF

The SPY ETF and DIA ETF have bullish bat Fibonacci patterns that suggest any accelerated decline during the next 5 trading days (USA markets are closed on Friday April 18th) will likely be contained or stopped near the .886 Fib retracement level.  It is possible that the target levels could be reached this Tuesday April 15th,

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Posted in Online Trading
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Bullish Bearish Bullish Bearish Whipsaw and 1987 Comparison

I am fully short the SPY as of mid day today again after going flat near the peak of yesterday’s bounce. I was too heavily short going into the 2 day upwards bounce the last two days and it really caused me to get a major case of whiplash. Note to self: Next time scale into a position much slower than normal especially in an already whipsaw trading range type environment.

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Does a Bearish Scenario for USA Market Indices Still Exist Near Term ?

I think it is time to pull the plug on the bearish USA stock market scenario for now. The SPY ETF had the opportunity today to break under 184 and kick start a bearish follow on move, but chose the bullish option once again. In addition to that, other indices such as the NYSE composite index did an almost text book technical retest of the apex of the symmetrical triangle it broke out of a few weeks ago.

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SPY ETF is Currently in Strong Sell Mode

The downside action right now in the SPY ETF is orderly and measured however I believe we are about to enter a cascade decline situation. The speed of the decline is impossible to predict, but I would not be surprised to see a ‘flash crash’ type move maybe similar to the May 2010 decline.

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Trading Scenario for the Nasdaq Composite Index

Today’s action in the USA market indices was certainly interesting. Just yesterday I was about to conclude that this supposed ‘panic cycle week’ said to engage starting on March 31st 2014 was a failure. But today’s price action in the indices, and especially so in the Nasdaq seems to have redeemed the signal as we clearly have high volatility today as well as significant price destruction.

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Posted in Online Trading
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Small Bearish Gartley Pattern in the DIA Setting up a Very Bearish Scenario

A small bearish Gartley Fibonacci pattern has been identified in the DIA ETF (the ETF that tracks the Dow Industrial Average) and it could be a key factor in how the market structure develops into the end of this week.

There are only 4 days left in March 2014.

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