The stock market as of 7:00 AM Friday is poised to gap up on the opening following a bullish day in Europe where the FTSE and DAX are up almost a percent. Those moves came on positive earnings reports from Blackberry maker Research in Motion. Oracle also announced good earnings yesterday which is helping to fuel speculation in technology stocks.

We just put together our second quarter stock market forecast. In the first quarter forecast we released around New Years we warned of a correction at the beginning of the year that would come with January earnings season.

I just put this video together showing you the most profitable stock pattern I have been using this year to make money. I've released several trades and stock picks in my premium service and every single one of them has made money except one. That's a pretty good batting average.

In this video I show you this pattern and two stocks that are setup like this right now:

I believe the stock market is now overbought, although I do not think it is about to have any big correction over the short-term. In fact I don't think we'll see one start for at least another 3-6 weeks.

I talked to Victor Riesco of GlobalTrader.Cl and Dave Skarica today about the stock market and their views on it.

Support and resistance are two of the most important concepts that you need to grasp when it comes to technical analysis and using stock charts. Both have to do with the price action of a stock and areas where a stock has trouble continuing to go higher or continuing to decline in price.  They are areas of significant importance on any stock chart.

When using the term technical analysis this refers to future financial price movements based on an examination of past price movements. It does not result in absolute predictions of the future. It shows what might happen to prices over time.

Last week the market pretty much ended the week where it started as the S&P 500 closed on Friday down two points for the week. Gold though continued its torrid rise despite more premature calls by various talking heads and Wall Street experts for a major bottom in the dollar.

Once again the opinions of the majority have been proven wrong.

It helps to take a look at stock charts when you are monitoring your investments or potential options. There are all sorts of things that you should check out when reading a chart. These parts of using stock charts are all essential.

Everyone dreams of playing the stock market and hitting it big in the 50 hottest stocks; however, very few people will experience that. The stock market is unpredictable, and it can either make you quite a bit of money, or cause you to lose your money. Stock market timing is a very important part of the game.

In a rare interview on CNBC Wall Street veteran Joe Granville said we are in a bull market that he thinks will last for two years. He also talked about when he thinks it is best to sell and what you should do as an investor. He also said is out of gold, but will buy back in if it goes through 1000 - which I think it can really do.