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Rob Perrego

Who is Robert Perrego?

When WorldCo's Wall Street traders needed to know how to read a stock chart, they went to Robert Perrego.

Robert Perrego was a Managing Director and a Proprietary Equity Trader at WorldCo LLC for five years. Using Technical Analysis and Chart Reading techniques, Robert profitably traded over 100 million shares of stock worth billions of dollars for his personal account.

Robert delivered weekly lectures on Technical Analysis for WorldCo's other traders. The tapes of these lectures became required viewing for all new traders at the firm. These videos inspired the creation of the educational package now being sold at StockTradingCards.com.

Robert's Full Bio

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Past Articles
 
     
Meet the new BRICS’s – The ABC’s of investing in a foreign economy.
8/23/2010 - EWA, EWZ, EWC
 
Stock Chart Work for Wednesday August 18th – Pennants, Trend Channels, Breakouts and Bounce Backs
8/17/2010 - WMT, POT, BHP, ADM, VRTX, AZO, GMCR, JCP, AMT, IGT, SHW, MSFT
 
Wall Street Wrap August 17, 2010 - If It Smells, It Sells
8/17/2010 - WMT, POT, MOS, CF, BIX, RLX, HD, LTD, BBBY, AZO, GLD
 
Why Gold Will Start Shining Again Soon
8/10/2010 - GLD, SGOL
 
Playing the Employment Report Friday – 5 Longs and 5 Shorts.  Also, A way to play the Russian Wheat export restrictions.
8/5/2010 - SPG, URE, RIMM, HRB, JCP, VECO, NFLX, ED, FISV, MRK, DD, MON, DE, POT, BG, DBA, APOL, ESI
 
Wall Street Wrap – Market Down Slightly and it is a Win
8/3/2010 - JCP, DOW, EDMC, APOL, COCO, ESI, GLD, JJC, PCLN
 
A Higher High Today and a Breakout in the S&P 500
8/2/2010 - S&P 500, AZO
 
Update on Intuitive Surgical (NSDQ: ISRG) - Stock Drops 16+ points in the pre-Market
7/22/2010 - ISRG
 
Wall Street Wrap – Wednesday July 21 – Market Cracks on Bernanke Comments
7/21/2010 - TLT, BND, LQD, DE, CAT, CMI, ISRG, PCLN, JJC,
 
The Recent Stock Market Rally is Running Out Of Steam – be CAREFUL!
7/20/2010 - CMG, AAPL, NFLX, ESRX, CRM
 
Wall Street Wrap – Dow Jones up 274 and back above 10,000 and a Semiconductor Company to keep your eye on.  Also, where to Place your bet if you think LeBron is going to be a Knick.
  7/7/2010 - STT, PNC, FITB, INTC, TXN, ENTR, NFLX, JJC, GLD, MSG  
 
Comparing Cramer’s C.A.N.D.I.E.S.
7/3/2010 - CMG, AAPL, NFLX, DECK, ISRG, ESRX, CRM
 
IF, and I mean IF the Economic Numbers Come in Solid - Plays for Friday
7/1/2010 - NOC, AVB, AAPL, DECK, NFLX, RIMM, JEC, JCP, CVS, TBT
 
Wall Street Market Wrap – Thursday, July 1, 2010
7/1/2010 - ANF, F, LTD, ROST, FDO, URBN, GLD, BAC, NFLX
 
Time to Take Some Profits and Cover Some Shorts
7/1/2010 - BXP, AVB, BBY, GPS, PEG, SRE, WHR, SWK, JBHT, NOC, LMT, PCP
 

Playing Stock Defense by Getting Short the Defense Stocks and Parabolic Gold?

6/28/2010 - GLD, NOC, LMT, PCP
 
More Shorts for the Fire - Market Is Weak
6/23/2010 - SWK, JBHT, AVB, BXP, WHR
     
  After 2 weeks of Rally – Time to be VERY Careful and Six Short Ideas (BBY, GPS, SRE, PEG, BXP, AVB)  
  6/21/2010 - BBY, GPS, SRE, PEG, BXP, AVB  
     
  The Dow Jones Industrial Average stops at its 50  
  6/18/2010 - DJIA, GLD, EGO, ABX, AET, NVDA  
     
  Johnson Controls Inc. (NYSE: JCI) – Chart looks good and an Upgrade by Morgan Stanley  
  6/15/2010 - JCI  
     
  Gold and the GLD – Still Going Strong and now going into a Bullish Ascending Triangle  
  6/15/2010 - GLD  
     
  Ascending Triangle Breakout Alert – Ctrip.com International (NSDQ: CTRP)  
  6/15/2010 - CTRP  
     
  Two Oversold Stocks on Support  
  6/11/2010 - PCLN, SHLD  
 
  Looking for Relative Strength in a Down Market  
  6/11/2010 - AKAM, LM, LULU, FFIV, LH, DTV, AZO, NFLX, CRM, VMW  
 
  Trading and Baseball - 1 for 3 and 3 to 1  
  Wall Street Rules  

Meet the new BRICS’s – The ABC’s of investing in a foreign economy.

With growth expected to be tepid at best here in the United States for the next few years, you would be well served to allocate a portion of your portfolio overseas.  The BRIC’s have been said to be the place to be over the past few years but I have found a few more economies that you might want to consider.  I call them the ABC’s of foreign countries to invest in; Australia, Brazil and Canada.  The big economic revolution of the past decade has been China.  This ‘C’ is somewhat captured in my ABC as China is in the top three of import partners and export partners for the ABC’s, especially Australia.
Portfolio diversification theory is basically the answer to ‘don’t put all your eggs in one basket.’  A well diversified portfolio should have stocks from five to six different sectors.  Studies have shown that once you diversify your portfolio beyond ten sectors you start to lose return in your search to control risk.  A way to diversify past sectors is to diversify your portfolio across countries.

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Monday, August 23, 2010 - 4:00 p.m.

Stock Chart Work for Wednesday August 18th – Pennants, Trend Channels, Breakouts and Bounce Backs


The market had a strong day today on the backs of lower fears of deflation and Wal-Mart Stores Inc. (WMT) upward guidance for their full year sales estimates.  This earnings season has had most stocks beat guidance providing for a July rally and more earnings are still expected.  The bearish moves in the market have come as a result of still poor jobs numbers and economic reports.  For the rest of this week we have a slow economic calendar and if we get by Thursday’s Jobless Claims unscathed there remains some upside room.

read more...

Tuesday August 17, 2010 - 11:00 p.m.

Wall Street Wrap August 17, 2010 - If It Smells, It Sells

The market jumped on addition by subtraction today with the Producer Price Index (PPI) being reported at or above expectations.  The Dow Jones Industrial Average added 104 points (+1.04%, 10,406) and the S&P 500 jumped 13.16 points (+1.21%, 1092) while the tech heavy Nasdaq 100 rose 23.86 points (+1.30%, 1845).  The indices were stronger during the trading day but a sell-off in the last hour took the DJIA down almost 50 points.

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Tuesday, August 17, 2010 - 4:40 p.m.

 

Why Gold Will Start Shining Again Soon


Gold has been going sideways since early May with the New York Spot ounce price at $1,204.80.  So why should you get in now?


Gold traditionally runs up in the fall almost every year.  Why?  One of the biggest reasons is that India, the world’s largest gold consumer, has its wedding season every year from September to December.  It is a cultural practice to decorate the bride with as much gold as can be afforded and this is a big contributor to the price of gold running up every fall – and in particular September.

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Tuesday, August 10, 2010 - 8:00 p.m.

Playing the Employment Report Friday – 5 Longs and 5 Shorts.  Also, A way to play the Russian Wheat export restrictions.


Tomorrow at 8:30 a.m. the government will release the headline unemployment number.  Analysts expect the number to come in up one-tenth of a percent at 9.6% and a loss of 70,000 jobs.  If the number jumps to 9.7% or the job loss number is above 150,000, the market will most likely drop.  If the market is going lower you can make money getting short the following stocks;

read more...

Thursday, August 5, 2010 - 7:15 p.m.

 

Wall Street Wrap – Market Down Slightly and it is a Win


After yesterday’s large gain, stocks dropped slightly today with the S&P 500 losing 5.40 points (-0.48%, 1,120).  The Dow Jones Industrial Average finished lower by 38.00 points (-0.35%, 10,636) and the Nasdaq 100 lost 7.18 points (-0.37%, 1,891)


Today’s market action was a win as many of the economic reports released today were below expected.  There were three numbers released that involved the retail market with the weekly ICSC-Goldman Store Sales reporting at -0.1% compared to last weeks rise of 0.6%.  Domestic Motor vehicle sales were expected to come in at an annual rate of 8.8 million and the reported number was 8.9 million.  Redbook’s chain store, discounters and department store sales reported a year-over-year growth of 3.0% compared to a prior 2.7% growth.

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Tuesday, August 3, 2010 - 4:30 p.m.

A Higher High Today and a Breakout in the S&P 500


The S&P 500 added over 24 points today and more importantly the index closed in territory to form a higher high.  Higher highs and higher lows are what form an uptrend (for more information on trends see www.StockTradingCards.com).  With today’s close at 1125.88, the S&P 500 took out its previous cyclical high close of 1115.01 and the June high close at 1117.51.  Not only does today’s close make the 500’s chart look more bullish, but it has dragged the 50 day exponential moving average above the 200 day EMA.  You may have been hearing a lot about a ‘Black Cross’ or ‘Death Cross’ in the financial media lately.  These crosses are when the 50 drops below the 200.  With today’s 50 tip toeing above the 200, we get a ‘Golden Cross’ and as its name seems to say, it is money bullish.

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Monday, August 2, 2010 - 9 p.m.

Update on Intuitive Surgical (NSDQ: ISRG) - Stock Drops 16+ points in the pre-Market

Intuitve Surgical Inc. (NSDQ: ISRG) dropped over 16 points in this mornings pre-market trading after reporting earnings Wednesday night. ISRG reported an earnings beat of 15 cents ($2.19 a share vs $2.04 expected by analysts) but it seems Wall Street does not like its current high valuation with a high p/e of over 40.

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Thursday, July 22, 2010 - 8:38 a.m.

 

 

 

 

 

 

 

 

 

   
 

 

 

 

 

 

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