Ford Motor Company (NYSE:F) has released a statement stating that the company is investing over $155 million dollars and creating 60 new jobs in it’s Cleveland plant.  This new investment, which is designed to build the 2011 V-6 Mustang, brings Ford’s total investment in fit’s 2011 line to $1.8 billion for the year.

A press release by Bank of America (NYSE:BAC) stated that the behemoth will present it’s first quarter financial earning in an innovative, live webcast.  The webcast, scheduled for April 16^th, will include a presentation on earnings as well as other earnings-related information.  Further information is available through their investor website, http://investor.bankofamerica.com – Bank of America Corporation

In other banking news, Citibank (NYSE:C) has announced that it will begin charging customers an annual fee of $60 if they do not spend up to $2,400.  They began testing this annual fee sometime last year, when the Credit Card Accountability, Responsibility and Disclosure Act was announced in May 2009, and Citibank seems happy with the results.  This fee, as well as a rate hike in transfer fees (From 3% to between 4-5%) is part of an effort by the bank to make up…

Technical Analysis Spot

Welcome to Charting 101…

Many investors believe in technical analysis or fundamental analysis. Although I am a fan of applying both to my investment strategies, it is my purpose here to only discuss pure technical analysis. I will identify stocks to watch, setups for possible entry positions, and buy or sell recommendations based on my favorite indicators (RSI, MACD, and DMI).

What is TA all about?

Technical Analysis is the study of historical stock price data in the form of trends, volume, indicators, etc. One uses TA in trying to predict future movement. In many cases, patterns are formed which often tell stories about recent price movement and where future prices are likely to do.

Many people use candlestick charting when viewing stock charts. For example, if you go to Bigcharts and click on interactive charting, you will be taken to a page where you can alter how you view your stock, what time frame you would like, and compare it to other stocks or indicators. Click here to learn more about candlesticks and how to read them.

When individual candlesticks are placed after each other in their respective time frames we can sometimes begin to see…

Candlestick Reversal Patterns

The next sets of candlesticks shown below are known as the “hammer” and the “hanging man.” The lower shadows attached to the bodies should be twice the length of the real body itself. These candlesticks will have no upper shadow and appear to have a “flat head.” When you come across a hammer which has formed after a downtrend, remember that the trend may then slow down and change direction by moving sideways or changing directions by heading straight into an uptrend. A hanging man represents the exact opposite. Once you see a hanging man following an uptrend, take profits right away. This is a selling indicator which now represent a change in trend may occur in a negative direction.

In the next graph we will take a look at “bullish engulfing” and “bearish engulfing” patterns. These patterns can also predict a trend change. This pattern consists of two candlestick bodies of opposing color in which the second body is larger and “engulfs” the previous body. Remember that these reversal patterns do not always promise a trend change. Instead, they should be viewed upon as a “look out” for price changes in the future.

This…