DJI has a technical downward resistance at 12060, 11913, 11706, 11504, 11397, 11103, 10733.
S&P500 has technical downward resistance at 1275, 1265, 1240, 1229, 1200, 1185, 1154.
Remember its not a time to invest for long term.
FXE, EEM, ERX, FAS, FXY is likely to fall and ERY, FAZ likely to rise. Lots of earning data coming out.
There will be lot of intervention this week, first is Aussies and US FED on Wednesday, then ECB on Thrusday.
The market is behaving in the same way, it behaved before the big sell off started last month. GOLD, NASdaq, S&P500 all down.
Today, farm price is coming at 3 EST. Watch out movement in POT, MOS, and CF.
DJI is likely to close below 12000, and S&P500 likely to close at 1248.
Today i will discuss about taking advantage from trading halt. EK was halted almost 5 times few week back. Bookmark this link.
[MF is currently halted on filing bankruptcy. There will be major movement downward once the trading resume.
http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts
Any stock listed in trading halt, has a big movement upward or downward by atleast 15% -25%, if you get it right then you can make lot of money in few second. Watch the trading resume time and take advantage of the stocks. ]
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