Euro hurts the bears

by | Oct 30, 2008 | Euro

I had looked for Euro to find good offers at 1.3045 levels and recommended a sell at 1.3037 with a stop at 1.3057. The currency did not even pause at either level and reached a high of 1.3294. Every once in a while we will encounter such a situation, and you need to...

A look at BP Plc

by | Oct 30, 2008 | European Stocks

Someone wanted to me comment on BP. I am not sure whether she wanted me to look at the British Pound or the British major BP Plc. So I did both. Here are the charts for BP Plc.

Quick look at Citi again

by | Oct 29, 2008 | US Stocks outlook

I’m keeping this brief as wife is waiting at the door. Citi has already moved up by 14% since we bought it below $11.80. Don’t be dismayed if it comes down today. This is supposed to be a medium-term position, right? However, if we get a handsome profit this week, I...

Do you need timely updates?

by | Oct 29, 2008 | Trading Tips

Some of you have written that by the time you receive the email update, the market has moved, or it is the next day. May I recommend that in addition to subscribing to the email updates, you also click on the RSS button at the top right corner of the home page? That...

Nice rally in Euro, but will it last?

by | Oct 29, 2008 | Euro

Yesterday we looked for Euro to run higher to around 1.2940, and we have come a good distance already. Today we have the FOMC rate decision at 2.15pm NY Time. If you have a good broker, then leave sell orders at 1.2935 with a stop at 1.2950. (There is a minor...