SPX at 1,300: Double Top or Inverse Head and Shoulders

With traders focused on the S&P 500 at the round-number reference level of 1,300, let’s take a quick look at two competing classic price patterns that have formed into this critical level.

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North Dakota Sets More Oil Production Records in November; Above 500k Daily Barrels for First Time

The “Economic Miracle State” of North Dakota pumped another record amount of oil during the month of November at a daily rate of 509,754 barrels, which was 43% above last year’s output, and the first time that the state’s daily production exceeded 500,000 barrels.

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Could Happen To Anyone

Over the last couple of weeks or so I’ve disclosed buying two new individual stocks for most of our large client accounts (in this context large means accounts where we believe using mostly individual stocks is suitable).

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The Nearest Thing to a Permanent Thing

You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene.

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Why a bearish approach could pay off again this year

Last year was a good time to be a bear. If you opted for defensive stocks, high-quality bonds and gold (with the exception of the fourth quarter), you were spared the worst of 2011′s volatile market.

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A New Bull Market for Silver

Silver bottomed two weeks ago at $25.65 per ounce. It happened during the typically quiet period between Christmas and New Year’s. If you blinked, you probably missed it. But it happened.

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Wave of new offerings coming from flagging American Funds

American Funds will launch eight funds of funds in May. The funds will include tax-exempt preservation, preservation, tax-advantaged income, income, balanced, growth and income, growth and global growth strategies.

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The Two Stocks That Made the Dow Positive in 2011

You may wonder, with all that’s going on in the world in regards to political and economic woes, how could any stock index actually be up for 2011. But, through the market’s December 31 close, the Dow was up 640.05 points in 2011. Here’s why:

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The ONLY Way to Make Serious Money in 2012 …

And even if I’m just half-way right about what 2012 will bring, contrarian investing could give you the opportunity for one of the greatest winning years ever.

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Important forecasts for the stock market in 2012 …

However, I didn’t get specific on particular investment areas to consider in the new year. So today, I want to take a deeper look at the stock market by telling you what areas were the best performers last year as well as what sectors may hold the most promise as 2012 gets underway.

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