Best online stocks for day and forex trader

Top alert for 2014: MYGN (50%), LIVE (45%), CTIC (115%), KOOL (88%), PZG (32%), GOLD (6%), IOC (6%), RSOL(18%), PLUG (70%), IMMU (26%)

Monday, April 23, 2012

Focus back on FED FOMC meeting, AAPL and QE3

QE3 was never in the picture, when Fed is already running operation twist, which expires by June end but CNBS will never stop discussing about QE3 as soon as market drops even 20 points. FED FOMC meeting is schedule on Tuesday and Wednesday. The result will be out on Wednesday at 12.30 EST. Ben Bernanke will be giving speech at 14.15 EST. Any hint of no QE3 would mean GOLD and Silver will sell off. So keep a close watch on bullish ETF of gold and silver like GLD, IAU, UGL, AGQ, and bearish etf like (Gold short) GLL, (Silver short) ZSL.

Spanish 10 year yield is above danger level of 6% even though ECB tried to step in today. http://www.bloomberg.com/quote/GSPG10YR:IND/chart

In France, Hollande won the first round of election defeating Sarkozy which made sure the market is now more uncertain about future of Euro zone fiscal pact. A defeat of Sarkozy clearly indicates its defeat of Merkel and Sarkozy and their policy. But, as long as FED and ECB are standing up and running their "Free Money printing press", this market won't sell off. The market is still manipulated and as I have said the manipulation begins between 1.30 and 2.30 EST.

Tomorrow ECB is again running their Free money printing press, so the chances of market opening higher is 90%. But, Futures market will decide whether market will open higher or lower but today's late rally made sure stocks are back in bullish zone for tomorrow.

The first level to check in Dow for upside is 12948 followed by 12996 which is important break point for the upside. While for the downside, Dow needs to break 12909 followed by 12864.

The first level to check for tomorrow in S&P500 for upside is 1370 followed by 1378 which is important break point for the upside. While for the downside, S&P500 needs to break 1358 followed by 1354.

A gap down made sure stocks sold off but as soon as 20 sma crossed 50 sma  stock started moving upward. Its in bullish zone for tomorrow unless there is big leg down.

1 month chart for Dow still shows its bearish and a gap down will only make thing worse

Late rally in S&P500 made sure tomorrow could be bullish day unless there is big gap down

1 month chart is still bearish.

S&P Case-Shiller HPI (0.1% is expected previous month was 0%,  higher will be bullish while lower will be bearish) 9:00 AM ET

New Home Sales (318k is expected previous month was 313k, higher will be bullish while lower will be bearish) 10:00 AM ET

Consumer Confidence  (69.7% is expected previous month was 70.2% higher will be bullish while lower will be bearish) 10:00 AM ET

FHFA House Price Index (0.1% is expected previous month was 0% higher will be bullish while lower will be bearish) 10:00 AM ET

Earning to focus before market opens: MMM, T, AKS, BHI, CIT, HSY, LPL, PCAR, RYN, WFT, X, WU 
Earning to focus after market close: AAPL, ASMI, dYAX, FTNT, FTI,  PNRA, RFMD,UIS, WIT, BIDU
For Long term keep SNDK, PCX, RVBD, INFY, NOK in your watchlist.
For day trading watchout AAPL, PCLN, MA, FAS, FAZ, TZA, TNA, TVIX, XIV, SVXY, UVXY (remember volatility is not a long term investment option use it for strictly day trading).



Use technical indicator 20 (simple moving average) sma and 50 sma to better visualise uptrend or downtrend of this manipulated market. If 20 sma crosses 50 sma and 20 sma is up, then the stocks will go higher, if 50 sma crosses 20 sma and if 50 sma is up, then stocks will go lower. 


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