SubscribeTDI Episode 56: How to be a CNBC Millionaire
May 11, 2008
Guests: Brian Shactman, CNBC and Brian Shannon, AlphaTrends. As the CNBC Million Dollar Portfolio
Challenge is about to get underway, we look at the competition, the strategy and the prizes.
Brian Shactman joined CNBC in June 2007 as a general assignment reporter and fill-in anchor for CNBC’s Business Day Programming. Shactman joined CNBC after his four-year tenure at WVIT, the NBC owned-and-operated station in Hartford, Connecticut. The last three of which he served as the morning news anchor for “NBC 30 News Today,” the station’s top-rated program
Shactman covered a variety of stories, ranging from campaign finance reform and the scandal surrounding former Governor John Rowland, to the Red Sox winning the World Series in 2004.
Prior to joining NBC in 2002, Shactman held various positions at ESPN including analyst work on ESPNews, SportsCenter and on their flagship radio network. He also wrote, edited and produced content for ESPN.com. After leaving ESPN, Shactman remained active at the company, hosting a variety of Read more
A Picture Tells a Thousand Points
March 11, 2008
The quick and the dirty of it: The markets (DJIA, S&P500, NASDAQ) are setting up for an ugly fall and investors are sensing it. The growing indigestion is pointing straight toward the support line of 11,635 for the DJIA. This particular point is a problem as there is no support shown during the past 2 years until it reaches 10,683. Also, a simple Fibonacci retracement (blue horizontal lines) shows that the DJIA has stayed close to the retracement points rather consistently.
That said, unless we see intervention that is decisive and convincing by the Fed, a breakdown is inevitable. Earnings, news and recent policy has not done anything to support the averages. This time, we need to see a full-court press that is a unified effort between monetary policy and government initiatives. Anything less that a miraculous plan pulled from Lincoln’s hat will be met with negativity.
TDI Episode 47: Knight to the Rescue
March 10, 2008
Guest: Tim Knight is founder of Prophet.Net, a wholly-owned online software company that was acquired by INVESTools in January 2005; he presently serves as Senior Vice President of Technology for INVESTools. His recently-published book, Chart Your Way to Profits, offers a solid introduction to both technical analysis and the ProphetCharts product.
An active trader and chartist, Tim founded Prophet in 1992 to provide market data to self-directed investors using stand-alone technical analysis software. With the advent of the Worldwide Web, he envisioned providing the power of these expensive software packages with browser-based convenience - enabling traders to focus on their analysis, instead of worrying about software upgrades and database issues. His online technical analysis suite at Prophet.Net delivers on this vision and more.
In his trading today, Tim relies on technical analysis as the primary basis for his investment decisions, and he has leveraged his passion for the markets to fuel the innovation for which Prophet.Net is known. In fact, Barron’s and Forbes Magazine have consistently named Prophet.Net the “#1 Web Site for Technical Analysis.”
Before starting Prophet, Tim was Vice President of Technology Products at Montgomery Securities in San Francisco, where he led the development of an institutional online-trading platform. Additionally, he has held various positions in marketing management at Technical Tools and Apple Computer, and is the author of 20 computer trade books. Tim is a graduate of the Santa Clara University Honors Program and holds a bachelor’s degree in business management. He lives in beautiful Palo Alto, California with his family.
Listen in to this episode as Tim Knight explains his 3 rules:
- Never Lack a Stop Price
- Never Do an Ad Hoc Close
- Never Act in the First Thirty Minutes
Charts that were discussed in this episode:
INDU Chart1 and INDU Chart2
Stocks Mentioned in this Episode : (AAPL) (QQQQ) (YHOO) (SAFM) (GOOG) (FNM) (FRE) (SPY)
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