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Twitter shares fell by -3.53% on Wednesday to close at .29 due to a downgrade to Underweight by Morgan Stanley. Technically, the share is trading in a negative momentum as it has crossed below the bullish trend line. According to the 4-hour chart, the MACD indicator is holding below 0. Maintaining this position may lead the stock towards .50.

Market Overview

U.S Indices finished mixed on Wednesday after the FOMC noted that FED officials support the end of QE3 this year. The Dow Jones fell by 0.41%, the S&P 500 by 0.02%, and the NASDAQ added 0.30% to its value. Technically, and according to the 4-hour chart, the S&P 500 is maintaining the moving Average 20 indicator, while the RSI is struggling to breach 60. Crossing below the support of 1,820 may lead the index towards 1,800 points again. However, breaching 1,850 points may lead the S&P 500 towards new highs.

6 Rookie Mistakes and How to Fix Them

• Don't jump into the Forex market head first. While it's true in Forex markets that you buy low and sell high, you need to understand if a currency or commodity is over or under valued.

• Don't jump into trading and start investing your own money up front. Practice on a dummy account until you feel comfortable.

• Putting 100% of your capital in a single market is not recommended. Diversify your portfolio so that if you take a loss it's not the end of the world.

• Set some of the money you plan on trading with aside. It's better to have some capital that is not gaining profit then have all your money in jeopardy of being lost.

• Try using less capital when you make an investment. This will help you learn faster because you'll be losing less.

• Penny stocks are not the best option for new traders. While you have the ability to make money fast you can also lose it just as quickly. Wait till you know what you're doing.

• Don't just start trading. Read a book or get professional help. Many brokers offer free Trade Alerts.

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Apple Goes to China Mobile

Apple and China Mobile have announced that they are entering a multi year contract that brings Apple iPhones to the largest mobile network in the world. Apple phones will begin sales from China Mobile retail stores January 17th, 2014.

There are many China Mobile customers who are very excited to get the worlds leading phone on high speed 4G and 3G networks. Many of China's citizens are excited to start the new year with an iPhone in hand.

With over 1.2 million base stations and over 4 million Wi-Fi access ports, China Mobile is certainly ready for the rush of expected customers January 17th. With this new contract we can expect AAPL stock to soar as the world get's their hands on the worlds best smartphone.

Technical Overview

Australian Dollar (AUD)

The Australian Dollar fell versus the U.S Dollar after an industry survey showed a drop in construction activity in December. In addition, the Trade Balance turned out better than expected at -0.12B vs. -0.30B. Technically, according to the 8-hour chart, the AUD/USD is moving in a Descending Channel. Currently, the pair is at the top of this channel and is expected to start falling towards 0.8820 areas. Today, the Building Approvals report is expected at -0.90% vs. -1.80% previously and the Retail Sales report unchanged at 0.50%.

Market Overview

The U.S markets as well as their peers from Europe soar on Tuesday after mounted expectations for an additional stimulus measures by the European Central Bank as well as upbeat data from the U.S which lifted markets sentiment.

Before the bell yesterday, the Commerce Department enounced that the U.S. trade deficit narrowed to USD34.25 billion in November from a revised deficit of USD39.33 billion in the previous month.

Economists were expecting the U.S. trade deficit to widen to USD40 billion.

I additional report, U.S. exports rose 0.9% to a record high of USD194.9 billion, while imports fell 1.4% to USD229.1 billion.

Contract for Difference or CFDs is a financial instrument that enables traders to trade in the markets that are not as flexible as the Forex market but allows them to practice the same nature of trade and replicate same level of leverage.
 

ETCT Stats for the Last Week

HeroTrader had another successful week resulting in 11.9% gain. We had 20 winning trades with only 13 losses and a max profit of 7.14%.

This month we had most of our luck trading currencies. We noticed our stocks dropped slightly as the markets trends have been bearish. We're confident things will pick back up in 2014. We encourage you to copy HeroTrader!

 

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Gold is poised to extend the biggest annual drop in three decades to the lowest since September 2009, according to technical analysis by Commerzbank AG.

A high pole on a point and figure chart formed from mid-October to the beginning of November, as shown by a column of Xs, which was followed by a reversal, as shown by Os. A 45 degree resistance line also formed from April and both scenarios are bearish, Commerzbank said. Prices may drop to a range of ,140 to 0 an ounce, probably in the first half of this year, based on vertical downside targets calculated from the high poles seen in August and October, the bank said.

The dollar rose to session highs against the euro and the yen on Tuesday after data showed that the U.S. trade deficit shrank to the lowest level in four years in November.

EUR/USD fell to session lows of 1.3572 and was last down 0.21% to 1.3598.

The greenback was boosted after the Commerce Department said the U.S. trade deficit narrowed to USD34.25 billion in November from a revised deficit of USD39.33 billion in the previous month.

Economists had expected the U.S. trade deficit to widen to USD40 billion. U.S. exports rose 0.9% to a record high of USD194.9 billion, while imports fell 1.4% to USD229.1 billion.

Investors were turning their attention to Wednesday’s minutes of the Federal Reserve’s December meeting and Friday’s U.S. jobs report for December for indications on the possible timing of further reductions in Fed stimulus.