www.guerillastocktrading.com CLICK FOR FULL REPORT

www.guerillastocktrading.com (CLICK FOR FULL REPORT) Here at GuerillaStockTrading I predicted a double dip recession all the way back in early May using the evil sell off in the Homebuilders Index (XHB) so I am not really in agreement with Bernanke that the economy has weakened more than expected. Once again, the S&P 500 closed down for the week as the current downtrend continues. In the video below, I do technical analysis on SPY last week and show you a key support level you need to watch. The key support level to watch next week is 4.30 on SPY. We had a double bottom test of this level last week on Wednesday and Friday. Important fundamental analysis reports to be released next week are: Aug 31 Consumer Confidence Aug 31 Minutes of FOMC Meeting Sep 01 ISM Index Sep 01 Auto Sales Sep 02 Unemployment Claims Sep 02 Factory Orders Sep 02 Pending Home Sales Sep 03 Nonfarm Payrolls Sep 03 Unemployment Rate

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Technical analysis on the S&P 500 for week of August 9 2010.

www.guerillastocktrading.com We ended up being in the top-notch expert crowd over six weeks ago and we decided to buy into this market when the institutional investors did because of their multi-million dollar, fly on an airline an expert anywhere, research divisions. Five weeks after we bought, the headlines began surging in, “Severe Russian drought forces grain export ban – Moscow, Russia (CNN) — As Russia reels from the worst drought in nearly 40 years …” and “Wheat Price Jump Revives Concern Over Food Crisis, Asia’s Top Buyer Says (Bloomberg)” The wheat market is the most favored market in the world at this time on account of a critical drought in Russia. But how did we know to buy wheat so many weeks ago? Did we need to go on an airline to Russia? Are we an insider on the wheat market and thus we knew that demand was going to go up? Absolutely no. I’m going to demonstrate to you a cool technology I personally use that offered me a “go long” wheat alert around six weeks ago. Wheat was trading at .17 in those days. It is now trading in excess of .00 a bushel.

FreeTradingVideos.com Bernanke spoke today. The markets were quite volatile after he spoke. Made for some great day trading setups. Retail numbers tomorrow and the CPI on Friday. Expect some crazy market action the next couple of days.

FreeTradingVideos.com Stocks fell again today. China’s banks might be ready to stop lending to slow market advancements, which could reflect on the global economic recovery.

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