If you had followed the article, stocks impacted by super committee decision on Nov 17th, http://www.freefdawatchlist.com/2011/11/stocks-impacted-by-super-committee.html
you could have easily made profit of 3-5% shorting the stocks or 30%-50% gain if you had used put options in one day as suggested in my article as all the stock were down. As suggested yesterday in trading tips to short HPQ in the morning, HPQ fell from 27.11 to 26.28
Also, as predicted, DJI and S&P500 has broken all the technical level as suggested in the same article
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Its time to check back the technical level on DJI, it couldn't break 12232 level, while on the downside, it has big resistance at 11716. The next lower side resistance is 11630 followed by 11550.
In S&P500, it couldn't break the upper side resistance of 1290, while on the lower side, it has broken 1225 and 1219, the next level on downside is 1210 followed by big resistance at 1200
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Tomorrow and day after tomorrow are the biggest day of this month for US stocks market. If US GDP comes 2.4% or higher then stocks will pullback while 2.0% or less will lead to another sell off in the US market. US GDP is coming out at 8.30 EST
FOMC meeting announcement is coming out at 2.00 EST, any talk about QE3 will lead stocks to rally.
After aggressive buying by ECB, Italian bond yield falled under 6.40 in last couple of days. Today its back to 6.67. Last week ECB purchased 8 billion in Italian bond compared to 4 billion which is normal, shows the problem in Italian market. Italian bond is rising again, which shows no matter how much ECB is printing money, Italian bond is rising. Its like a black hole taking money while showing no sign of improvement, which means stock market is in "VERY BIG TROUBLE" in near future.
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
I am expecting market to open low, then some short covering rally, and then pullback later in the day.
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Some Trading Ideas:
you could have easily made profit of 3-5% shorting the stocks or 30%-50% gain if you had used put options in one day as suggested in my article as all the stock were down. As suggested yesterday in trading tips to short HPQ in the morning, HPQ fell from 27.11 to 26.28
Also, as predicted, DJI and S&P500 has broken all the technical level as suggested in the same article
" "
Its time to check back the technical level on DJI, it couldn't break 12232 level, while on the downside, it has big resistance at 11716. The next lower side resistance is 11630 followed by 11550.
In S&P500, it couldn't break the upper side resistance of 1290, while on the lower side, it has broken 1225 and 1219, the next level on downside is 1210 followed by big resistance at 1200
""
Tomorrow and day after tomorrow are the biggest day of this month for US stocks market. If US GDP comes 2.4% or higher then stocks will pullback while 2.0% or less will lead to another sell off in the US market. US GDP is coming out at 8.30 EST
FOMC meeting announcement is coming out at 2.00 EST, any talk about QE3 will lead stocks to rally.
After aggressive buying by ECB, Italian bond yield falled under 6.40 in last couple of days. Today its back to 6.67. Last week ECB purchased 8 billion in Italian bond compared to 4 billion which is normal, shows the problem in Italian market. Italian bond is rising again, which shows no matter how much ECB is printing money, Italian bond is rising. Its like a black hole taking money while showing no sign of improvement, which means stock market is in "VERY BIG TROUBLE" in near future.
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
I am expecting market to open low, then some short covering rally, and then pullback later in the day.
*****************************************************************************
Some Trading Ideas:
- Time to check the technical level in DJI is 11454, 11397, 11103 on the downside, while 11600, 11700 on the upside. In S&P500 1175 is very important key level on the downside, while 1200 on upside.
- DJI has falllen 700 points in last 4 trading days.
- Stocks likely to fall are NFLX, HPQ, JKS
- Stocks likely to open high are BRCD, HGSI,
- Stocks announcing earning before the bell: CPB, CSIQ, MDT
- Stocks announcing earning after closing bell: P, LDK, TIVO, LDK
- Merkel and Sarkozy are meeting on Thrusday, so a short covering rally is also expected.
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