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Wall Street Chartered Technical Analyst (CTA),
Ralph Acampora of Altaira
Wealth Management,revered as
"The Godfather of Technical Analysis,"
returns.
Listeners / readers
are encouraged to sign up for to his free
Twitter
account with and active subscriber base
of 26,000+.
The Dow Jones Industrials
continues to barrel towards 24,000 as predicted
by his technical analysis.
Although still bullish
on America and US equities, several sectors
have advanced to parabolic like levels; chasing
shares higher may be inadvisable.
Our guest makes positive
comments on the utilities sector, which continues
to post record highs while offering a solid
dividend yield.
Ralph Acampora outlines
his favorite investing tools in the arsenal,
including MACD, RSI and most importantly,
trends.
Identifying the price
bias or trend oftentimes proves more challenging
than expected, as it's easier to recognize
in the rear view mirror.
Our guest's preferred
trend identification method, which facilitated
the recognition of the most celebrated trend
in American financial history (figure 1.1.).
For
20 years, Bill Murphy and Chris Powell
of GATA.org
have lead the crusade for transparency
with the gold cartel.
A
few months earlier, Bitcoin enthusiasts
were stunned / elated to find the digital
currency was at parity, with gold $1,250.
BTC
is poised to compete head to head as a
global reserve currency, potentially usurping
at least 100 years of draconian financial
regulations and legislation.
In
a potentially ironic twist, the much maligned
Bitcoin may be paving the highways and
building the bridges to parabolic gains
in PM.
Bit-coin of levity for enthusiasts follows.
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Guest
Bios
Bill
Murphy
GATA.org
Chairman
Murphy
grew up in Glen Ridge, N.J., and
graduated from the School of Hotel
Administration at Cornell University
in 1968. In his senior year he
broke all the Ivy League single-year
pass-receving records. He then
became a starting wide receiver
for the Boston Patriots of the
American Football League. He went
on to work for various Wall Street
brokerage firms and specialized
in commodity futures. He began
as a Merrill Lynch trainee and
went on to Shearson Hayden Stone
and Drexel Burnham. From there
he became affiliated with introducing
brokers and eventually started
his own brokerage on 5th Avenue
in New York. He now operates an
Internet site for financial commentary,
www.lemetropolecafe.com.
Ralph
Acampora is a highly respected name
on Wall Street and the co-founder of
the Chartered Market Technician designation
(CMT). He was Director of Technical
Research at Smith Barney, Kidder Peabody,
Prudential Securities and Knight Securities.
He is a published author, popular lecturer
and a leading international expert,
consulted by prominent financial experts
and journalists worldwide.