Trading Blogs

Market Review - 12/4/2013

Investing.com –

Profit taking send the dollar falling against most major currencies on Tuesday after investors locked in gains from Monday's better-than-expected manufacturing report and sold the greenback for profits.

In U.S. trading on Tuesday, EUR/USD was up 0.37% at 1.3592.

A day earlier on Monday, the dollar rose after the Institute for Supply Management reported that U.S. manufacturing activity in November expanded at its fastest pace since April of 2011, fueling hopes that U.S. recovery is gaining steam.

The ISM manufacturing purchasing managers’ index rose to 57.3 in November from 56.4 in October. 

Analysts were expecting the index to fall to 55.0, and the surprise uptick sparked demand for the dollar.

The report stoked market expectations for the Federal Reserve to begin scaling back its monthly asset-purchasing program in early 2014.

Fed bond purchases tend to keep the dollar weak by driving down long-term interest rates to spur recovery.

Last week, with the Thanksgiving Holiday and US market closures, was a tough week for trading, but we were profitable nonetheless.  In the last four trades, we have had 3 winners and one loser for a total profit of 140%.  During the next few weeks, don't be surprised to see fewer alerts as folks are taking the Holiday's off from trading, causing smaller moves in stock prices, but make sure you get the trades in, as we have proven over and over they will profit you over the long term!

Just like last week, we started our trading week off with a fantatic winner - this time a PUT/SELL alert on Apple - profiting a great 75% for all of our traders.  The price of Apple is now in holding pattern, and we will be watching the next few days very closely of weather to throw another alert on it.  Stay tuned.

Market Review - 12/3/2013

Investing.com – U.S. stocks fell on Monday on concerns holiday shopping sales may disappoint, while investors also avoided equities to await the release of Friday's November jobs report.

At the close of U.S. trading, the Dow Jones Industrial Average finished the day down 0.48%, the S&P 500 index fell 0.27%, while the Nasdaq Composite index fell 0.36%.

Concerns that shoppers may be out in greater numbers this year but are spending less sent stock prices sliding on Monday.

The National Retail Federation reported earlier that traffic over the U.S. Thanksgiving Day holiday grew 27% on year this year, though the group added that shoppers spent an average of USD407.02 from Thursday through Sunday, down from USD423.55 last year, which allowed stocks to decline.

On Friday, the Bureau of Labor Statistics will release its November jobs report, and many investors opted to remain in safe-haven dollar and other positions ahead of time, especially due to solid data out of the U.S. manufacturing sector.

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Tuesday's Trade of the Day Alert - PUT/SELL on McDonald's - was an absolutely perfect trade, giving our followers an easy and comfortable 75% in profits for their time.  After opening near Monday's close price, MCD hovered around the 99.00 mark for the first half hour of trading, then lose significant value, down to the 98.40 mark where it remained for the rest of the trading day.  In the end, our close price was nearly .75% below where we entered the trade for an easy 75%.

Dollar slumps as soft confidence report fans Fed expectations

Investing.com – The dollar weakened against most major currencies on Tuesday after a widely-watched gauge of U.S. consumer confidence disappointed investors and bolstered ongoing expectations for the Federal Reserve to keep its dollar-weakening monetary stimulus programs in place through early 2014.

Stimulus tools such as the Fed's USD85 billion in monthly bond purchases aim to drive recovery by pushing down long-term interest rates, weakening the dollar as long as they remain in effect.

In U.S. trading on Tuesday, EUR/USD was up 0.39% at 1.3570.

The Conference Board reported earlier that its index of U.S. consumer confidence declined to 70.4 in November from 72.4 in October. 

Analysts were expecting the index to rise to 72.9 this month, and the disappointing reading weakened demand for the dollar by keeping expectations alive for the Fed to hold off on scaling back monthly bond purchases until early 2014, possibly in March, when Fed Chair Nominee Janet Yellen holds her first policy meeting as head of the U.S. central bank. 

The news offset official data revealing that the number of building permits issued in the U.S. in October rose to its highest level since January 2008.

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Monday's BUY/CALL alert on Apple Inc. (AAPL) was a comfortable winner for our traders, bringing in 75% in profits after price rose early in the day and held on to the gains throughout.  Despite opening above last Friday's close price, APPL still had enough momentum in the early hours of trading to make our BUY/CALL purchase a very profitable investment.

U.S. stocks gain on Iran deal, housing report weighs; Dow up 0.06%

Investing.com – U.S. stocks finished Monday mixed to higher after investors applauded Iran's weekend decision to limit its nuclear program, though soft sales figures out of the housing sector dampened gains.

At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.06%, the S&P 500 index fell 0.13%, while the Nasdaq Composite index rose 0.07%.

Weekend talks among the U.S., Russia, China, Britain, Germany, France and Iran ended in agreement that halted advancements in Iran's nuclear program in exchange for easing economic sanctions against Tehran.

Under the terms of the agreement, Iran will stop enriching uranium beyond 5%, and neutralize its stockpile of uranium enriched beyond that point. 

Tehran will also grant more access to its facilities to nuclear inspectors in exchange for no new sanctions for six months.