Michael Paulenoff has been a student of and a participant in the world financial markets for the past 25 years, since his graduation from the Georgetown University. Early in his career he analyzed the fundamental and technical aspects of the financial and commodity futures markets for Smith Barney, Harris Upham, and Drexel, Burnham, Lambert. From 1988 to 1993, he was President of MJ Capital Inc., a market analysis and trading firm, which advised clients involved in the financial futures and commodity markets. Republic National Bank recruited Mr. Paulenoff in January 1994, for the position of strategic trader, and market analyst on the bank's trading floor, which included analysis and trading of instruments in foreign exchange, emerging markets, stock indices, and precious metals. In February 1999, Michael founded MJP Market Strategies, Inc., a financial market advisory firm. In addition, from August 2000 through August 2001, he was the chief on-air market consultant and strategist for JAGfn, a live, daily 8-hour financial market webcast and cable TV show produced by Jagnotes, Inc.
Mr. Paulenoff has been a contributing analyst to Harry Boxer's The Technical Trader since June 2002, and in February 2003 launched MPTrader.com, a real-time diary of his technical analysis and ETF trading alerts on gold, oil, equity indices and other major markets.
Biotech (XBI) Breakout
Yesterday's powerful upside breakout in the SPDR S&P Biotech ETF (XBI) continues today.
Gold (GLD) Outperforming
Gold -- the SPDR Gold Shares (GLD) and the Market Vectors Gold Miners ETF (GDX) -- have turned positive this morning, in the aftermath of intense selling pressure earlier in the session.
Gold (GLD) Outperforming
Gold -- the SPDR Gold Shares (GLD) and the Market Vectors Gold Miners ETF (GDX) -- have turned positive this morning, in the aftermath of intense selling pressure earlier in the session.
Weakness In GE
With the over-arching 17-week cycle low due in the next two weeks, yesterday’s downside reversal in General Electric (GE) could be very significant technically.
Paul Taglia is Larry Connors' head trader. Paul was a Market Maker for a Wall Street firm, accumulating over $4,000,000 in trading profits. He was also the firm's top money producer in listed stocks for that period of time, before joining Larry Connors.
Michael Paulenoff has been a student of and a participant in the world financial markets for the past 25 years, since his graduation from the Georgetown University. Early in his career he analyzed the fundamental and technical aspects of the financial and commodity futures markets for Smith Barney, Harris Upham, and Drexel, Burnham, Lambert. From 1988 to 1993, he was President of MJ Capital Inc., a market analysis and trading firm, which advised clients involved in the financial futures and commodity markets. Republic National Bank recruited Mr. Paulenoff in January 1994, for the position of strategic trader, and market analyst on the bank's trading floor, which included analysis and trading of instruments in foreign exchange, emerging markets, stock indices, and precious metals. In February 1999, Michael founded MJP Market Strategies, Inc., a financial market advisory firm. In addition, from August 2000 through August 2001, he was the chief on-air market consultant and strategist for JAGfn, a live, daily 8-hour financial market webcast and cable TV show produced by Jagnotes, Inc.