Learn How to Trade Market Moving News For Big Profits

Part 1 – What has market moving potential?

Have you ever been in a long position that completely reversed after an earnings release? Or perhaps your trade’s bottom fell out after the FOMC Policy Statement? Or maybe you have seen your profits evaporate away after a scheduled economic data release? Finally, you anticipated a big move after a news release only to have the underlying stock make an initial surge and then fall back to the original levels or worse. Whether you are a short or long term investor, learning how market news will affect your open positions is a skill all traders should acquire. Entering or exiting a position or perhaps adjusting a stop based on news analysis is essential to maximizing your profits.

It is not only is important to have a system in place to analyze the possible future performance of a stock. However, one should also pay close attention to economic calendars, earnings calendars, etc. Any experienced trader will tell you that NEWS CHANGES EVERYTHING! News overrides even the best technicals. News will cripple the best trade plans if ignored. News trading involves the analysis of simple major economic indicators and timing positions or adjusting stops upon their release in the market.

In addition, it is also important to pay attention to the market sentiment leading up to the unveiling of the release/report. Analysts often provide “forecasted” figures and the previous released figures. Often times, it is not the actual release of the report that drives the market rather the speculation of a possible positive or negative effect. In most cases, speeches and news articles about a certain release may also drive the market more than the release; from my trading experience, the actual release has moderate impact on a certain stocks, but it is the speculation before the release is what the stock market moves the most. We’ve all heard the saying, SELL THE NEWS!

Since there are numerous indicators released everyday, not every release has a major impact. The following are the Top 8 market moving economic reports: Interest rate decision (speculation), Retail sales, Inflation (consumer price or producer price), Unemployment (Non-Farm Payrolls), Industrial production, Business sentiment surveys, Consumer confidence surveys, Trade balance, manufacturing sector surveys. These releases almost always have some immediate impact on a certain sectors, as they are known as the “market movers”.

In addition, you will find that analysts will release reports on a daily basis. The two that have the biggest impact are Upgrade/Downgrades and Target Raised/Cut. This is not the place to discuss the true intent of many of the upgrades/downgrades. It is just important to be aware that on any given day news may be released that can affect your trade.

Finally, you have a company’s earnings report. These reports are often loaded with a ton of data to be digested by traders. Did they meet their expectations? Did they earn enough money for the quarter? Have they raised or lowered their guidance for the remainder of the year. Were there any unknown charges that will affect future cashflow? For drug/biotech companies, you need to be aware the results of their experiments. Will the drug move on to the next stage or is it being cut.

So now that you have a foundation of what news to look for – trust me there are a lot more sector specific news releases that can affect your trade – let’s take a brief moment to talk about where to find this information. Here is a list of my favorite new sources:

  1. Briefing
  2. Trade The News
  3. Yahoo Finance

Now that you know why every trader should know what news release are scheduled for release each week – New Overrides Everything – we can begin to focus on some rules for identifying trade opportunities based upon the market’s reaction to the news release. Check out Part 2 of our series on How to Trade the News to learn the rules professional use as a part of their trade plans.

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Taking Pet Portraits in the Digital Age

We all love our pets. They add so much joy to our lives that we consider them a part of the family. So it’s only natural to want to give them their due by including them in pictures in our family albums and in portraits that decorate our homes. The digital age has made it easy to bring a camera along with us. Most cell phones have a built-in camera so those special moments with our pets can be captured even when we weren’t planning to take any pictures. Cameras are small enough to be thrown in a purse or glove compartment so they’re handy on family outings. While those informal snapshots aren’t often the best for a picture that you’ll want to hang next to your family portraits, you have all you need to take a great picture of your furry friend that will do him justice. All it takes is you, your pet, a couple of hours, and your camera and you can make a great portrait.When you decide to take a portrait picture of your pet, a little preparation will make both you and your pet more relaxed when the day finally arrives. There are some tips below for insuring a memorable experience and the best possible results. I’m focusing on outdoor photos because it’s nearly summer and there’s nothing quite as colorful and cheerful as outdoor photos, but most of these tips apply to taking indoor portraits as well.Equipment CheckYou don’t want to miss that special moment when your pet does something cute or strikes a perfect pose. So make sure your camera is ready. It all starts with the camera, and a quick check will prevent disappointments. A quick browse through the instruction manual will refresh your camera operating skills and limit fumbling on the big day. Check the batteries now. If your camera uses replaceable batteries, keep a fresh set on hand. If your camera uses rechargable batteries, make sure they’re fully charged. They’ll hold their charge for a long time, so you can recharge them several days before you intend to take your pictures and still be ready at a moment’s notice.
If you have a conventional film camera, make sure you have lots of film. If you have a digital camera, make sure that there’s room on the memory card to take lots of pictures. You might need to transfer some old pictures to your computer, or simply erase them from the memory card. SchedulingSet a specific time and day to take pictures of your pet. While everyone loves informal snapshots of their cat or dog, if you want to make a portrait that you can hang on your wall, you want to be prepared. You’ll be cool, calm, and collected, and won’t convey any anxiety to your pet. If you want to include family members in your pet’s portrait, do whatever you can to make it a pleasure and not a chore. I can’t think of a better way to do this than to have a picnic in the park or a backyard barbeque. That way everyone is involved in the planning and you’ve set the stage for fun. A sunny day will insure that your pictures are bright and colorful. An overcast sky will result in dull pictures with a bluish hue. And while you could always use a flash, many pets don’t like them and won’t tolerate having a flash go off in their face more than a couple of times. So check your local 5 or 7 Day Forecast to give yourself the best chance of good weather.
Choose a location where you and your pet will be comfortable and relatively free from distractions. Your backyard is the simplest choice, of course, and often the best. But if Fido likes to chase the Frisbee, or Fluffy enjoys exploring the foliage, a local park can be a great place to take your pictures. Naturally, you want to avoid distractions when the picture taking begins, like other people’s kids running and screaming, and other owners out with their pets.
You certainly want your pet to look their best when you want a portrait that you can hang on a wall, so a trip to the groomer is a good idea. Clean, combed, and pampered pets are happier and more comfortable, which helps insure that your pictures reflect the things you love about them. When The Day ArrivesOkay, the skies are clear, and breakfast is over. It’s time to Carpe’ Diem and head out to take your pet’s portrait. Make sure your pet is well-rested. A tired pet will be less cooperative and anxious to go home to eat or sleep. So limit play time on the day you want to take your pictures, and for dogs it’s a good idea to allow for some time after a morning walk.
Limit the number of people in the area when you begin your picture taking to avoid distractions for your pet. You don’t want that great shot ruined by a “What Was That??” snap of the head. Bring a toy with you so that you can put your pet in a happy, playful mood. Keeping a few treats on-hand makes good sense, too. Try to stay between 6 and 12 feet away from your pet when you take your photos. That’s the distance that will make it easiest for you to follow your pet with your camera and still keep him prominent in the shot. It can be very helpful if you have another family member engage the pet’s interest to free you to concentrate on taking the pictures. Take advantage of any sunlight that’s available, but if you’re forced to be in the shade, set your camera to “fill flash” so that your pictures will be sharp and colorful.If your pet starts to become uninterested or uncooperative, take a break and try again in 15-20 minutes. A treat will often restore a pet’s disposition, especially if he’s given time to fully enjoy it without interruption. Once you’ve taken your pictures and selected the best shots, there’s more to be done. It’s rare that a picture you take will be exactly right without some editing. Fortunately, you can edit your own photos in your own computer. All computers come with some basic image editing software, and many include programs that can turn your pictures into professional-looking portraits.All Windows computers have the Windows Paint Desk Accessory, but its only suitable for cropping photos. These days, many computer manufacturers include a photo enhancement program, such as HP’s Media Smart Photo package that will crop, rotate, and much more. Macintosh systems come with the easy-to-use iPhoto program that covers the basics, and adds organizing and sharing tools. There are also many inexpensive commercial packages like Adobe’s Photoshop Elements that make photo editing simple enough that anyone can get great results immediately, without requiring hours of learning how to use them. With these programs you can crop your images so that your pet is the center of attention, as well as straighten, and adjust the brightness and contrast to make that perfect portrait.If all else fails, there are free photo editing services available online like Lunapic that work in your browser and don’t require any advanced skills. You can experiment with the different settings until you’re happy with the results.With your portrait properly cropped and enhanced, the next step is to make a print that you can frame and hang. You’ll need photo paper to print your photo on your own printer. The popularity of digital photography means that you can buy this special paper easily at drug stores, department stores, and office supply stores, or you can find it online through sites like HP Shopping. The most common sizes are 4×6″ and 8-½x11″. Some printers have an extra paper supply tray to hold the 4×6″ paper. If you want to print your pictures in that size, you’ll need to select it when the Print dialog box appears. If you use the 8-½x11″, you’ll need to remove the regular paper from your printer and replace it with the photo paper. Photo paper is available with either a glossy or matte finish. Glossy tends to give images a sharper appearance, and matte a slightly softer one. Printing photos tends to consume a lot of printer ink for each print, so check your ink levels before you shop for paper.To begin, open the image you want to print in your image editing program and select the “Print Preview” or “Page Setup” option. This will give you the opportunity to properly position the picture on the paper, and to select the proper orientation – Portrait or Landsape, as well as selecting the size of the image for printing. Naturally, you want the image to fill as much of the available area on the paper as possible. If you’re unsure of the settings, make a test print on plain paper before committing to using a sheet of the more expensive photo paper. Handle the prints only by the edges until the ink has completely dried because they can easily smudge or smear. I suggest that you remove each print from the printer before making another one.When you have your perfect print, it needs to be matted and framed if you want to hang it. Art supply stores carry pre-cut mats that will do a good job. You’ll have a variety of colors and patterns to choose from to make the portrait even more appealing. You can buy simple frames at many department stores, but higher quality frames will often include UV-safety glass that will help protect your print from fading due to exposure to ultraviolet light. While homemade prints from your computer are apt to fade much faster than conventional photographs, you can simply make another print should the need arise. Of course, faming stores will provide professional matting and framing, if you prefer to have someone else do the work. It’s largely a choice of cost and convenience.If you’re interested in creating something special, there are artists who can create portrait paintings from your pet photos. These services create hand-painted portraits using a computer, which allows them to creatively enhance the original image. They then use special printers to print the final image on canvas to give them life and texture. You end up with a portrait suitable for hanging that you’ll be proud of.It doesn’t need to be a formal portrait to have one of these attractive portrait paintings made. It can be your favorite pet or family photo. Because the artist’s work is done digitally, it is fast and very reasonably priced. I hope you found some useful tips for taking your pet’s portrait here. Most of this advice is just common sense that every pet owner knows from experience, and the technical skills required are easily learned. The point is that you have everything you need to make a great pet or family portrait that you can enjoy for many years.

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Florida No Fault Insurance – No Fault Auto Insurance Laws in FL and Other States

What is Florida no fault insurance? What exactly is no fault insurance in the first place? Where is it available and what are its advantages and disadvantages? If you life in FL and have questions about how the Florida no fault car insurance laws work or really if you live in any one of the twelve states that use a no fault system, knowing the answers to these questions will help you understand how your car insurance policy works. Read on to learn some of the basics of no fault car insurance in Florida and in other states.WHAT IS NO FAULT INSURANCE?Under ‘pure’ no fault insurance each driver would be completely covered by his own auto insurance (up to his policy limit), and drivers would be barred from suing another driver regardless of the severity of the accident, the injuries incurred and even if a death were involved.However, no state uses ‘pure’ no fault insurance. In general, no fault is an auto insurance system in which both drivers must carry insurance for their own protection, and their ability to sue other drivers for damages is regulated by certain limitations. States impose these limitations by determining which cases are permitted to go to litigation.Under this system, motorists may sue for severe injuries and pain and suffering. Some states MI, NJ, NY, and PA use a verbal threshold system, where the severity of the injury is defined in verbal terms (verbal threshold). Other states use a monetary threshold, a set dollar amount in medical bills and lost wages that must be met before a motorist may sue for damages. Insurers generally favor laws that provide for a verbal threshold on suits instead of a dollar threshold. Setting dollar targets for medical expenses may encourage the submission of fraudulent claims in an effort to reach the total dollar amount whether the expense it justified or not.WHY THE NEED FOR NO FAULT INSURANCE?The desire for a new way of handling auto insurance claims rose out of a dissatisfaction with the way in which insurance claims were processed. This dissatisfaction was not only on the part of those purchasing auto insurance, but also on those companies and agencies marketing auto insurance and the state officials regulating it. The issue focused on the often expensive and time consuming process of determining who was at fault in the accident and who was legally and financially responsible.The delays in determining liability caused legislation to be introduced in many states in the 1970′s that allowed victims to recover financial losses such as medical and hospital expenses and lost income from their own insurance companies. This became a forerunner of today’s no fault insurance.The concept of no fault insurance was first widely introduced to the public in the early 1900′s. Its two main tenants, stemming waste, inequities, and lengthy delays in the liability system, and providing affordable coverage for medical care and rehabilitation costs had its appeal among the populace. However, the process that was to be put into place to pay for no fault insurance was anything but appealing to the voters. A pay-at-the pump initiative was introduced as a way to pay for no fault insurance by collecting a fee on gasoline sales. In every state in which the initiative was considered, the plan to tax gas in order to fund no fault was defeated. Legislature in many forms was even introduced at the Congressional level but it never made it to a vote.HOW DOES NO FAULT WORK?The ‘no fault’ part of an insurance plan is usually called PIP, Personal Injury Protection, or it is sometimes referred to as OBEL, Optional Basic Economic Loss. Different state’s PIP’s cover different aspects associated with personal injury. Generally, the coverage is related to medical expenses, loss of wages, and compensation for loss of services incurred because of an auto accident. Funeral costs and death benefits are also usually covered.STATES THAT HAVE NO FAULT INSURANCE LAWSMI, NJ, NY, PA, HI, KS, KY, MASS, MI, ND, UT, and DC and Puerto Rico have a no fault insurance system. Florida’s no fault insurance expired Oct. 1, 2007 but was re-enacted in Jan of 2008. However, when the system was re-instated, significant reforms to curb fraud were added. This may have been due in large to a letter sent by Chief Financial Officer Alex Sink in July of 2007 to the Governor and state officials. This letter stated that more than 3,000 complaints about PIP fraud had been received in the last twelve months and 329 cases were opened with 225 convictions being obtained. Under the former system, unscrupulous medical clinics and attorneys could run up medical costs for minor accidents.The following states had no fault Insurance in place at one time and chose to repeal it, with the exception of Pennsylvania who repealed theirs and then reenacted it.Nevada: – effective 1974 – repealed 1980
Pennsylvania: – effective 1976 – repealed 1984 – reenacted 1990
Georgia: – effective 1975 – repealed 1991
Connecticut: – effective 1973 – repealed 1993
Colorado: – effective 1974 – repealed 2002WHAT ARE THE BENEFITS OF NO FAULT INSURANCE?No fault is intended to reduce legal and administrative fees that are associated with insurance claims and reduce premium costs. Also, the long delays associated with determining which party is at fault and the haggling between insurance companies over who is financially responsible is done away with. This plan also insures that no matter who is responsible for an accident each party will be covered to his policy limit.CRITICS OF NO FAULT INSURANCECritics point out that this insurance system carries some of the highest insurance premiums in the nation. The liability issues that still remain intact actually drive premium costs up. States with no fault insurance also carry the highest incidences of fraud and abuse.Another criticism of no fault insurance is that reckless or negligent drivers are not punished because many cases do not go to trial and these drivers may continue to drive irresponsibly.NO FAULT AUTO INSURANCE QUOTESWhether you are in a no fault state or not – it is always a good plan to shop around and compare car insurance quotes at least once every 6 months to insure that you are getting the best deal.

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