Tuesday, June 30, 2009
The Ultimate Swing Trader Forex Edition was released yesterday and they made a believer out of everyone who actually saw the charts with their own eyes. During the official release of the Ultimate Swing Trader Forex System in the webinar, they also decided to give some bonuses to the first people who get on board.
If you are one of the first 100 traders to order, you'll receive a $200 instant rebate that's applied right in your shopping cart so no waiting around for a rebate check. After those first 100 systems are gone, the price increases to $597 and
then $697 after that.
So if you're ready to start trading the forex in as little as 10 minutes a day for +pips, you better get over to the order page NOW to secure this price. There is no telling how long this price will last:
Click here to review and purchase the UST Forex Edition
They're stopping at just 500 copies. The reason for such a limited first release is that they want to make sure their back-end and customer support can handle the initial batch before they do a full-out release.
If you're looking for an innovative swing trade strategy that drastically up's your trade ROI with very little time investment, you must hurry and act now.
Click here to take advantage of the low-price and go now before the price goes up.
Monday, June 29, 2009
The Market Last Week
The September NASDAQ 100 was higher overnight as it extends last week's rally above the 20-day moving average crossing at 1469.90. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends last week's rally, the reaction high crossing at 1516.00 is the next upside target. Closes below the 10-day moving average crossing at 1454.27 would temper the near-term friendly outlook in the market. Closes below last Monday's low crossing at 1412.00 would renew this month's decline. First resistance is the overnight high crossing at 1482.75. Second resistance is the reaction high crossing at 1516.00. First support is the 20-day moving average crossing at 1469.90. Second support is the 10-day moving average crossing at 1454.22. The September NASDAQ 100 was up 5.50 pts. at 1482.25 as of 5:53 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.
The September S&P 500 index was higher overnight as it consolidates above the 10-day moving average crossing at 906.67. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 920.44 are needed to confirm that a short-term low has been posted. If September renews this month's decline, the reaction low crossing at 874.00 is the next downside target. First resistance is the 20-day moving average crossing at 920.45. Second resistance is this month's high crossing at 952.50. First support is the 10-day moving average crossing at 906.70. Second support is last Tuesday's low crossing at 884.30. The September S&P 500 Index was up 3.70 pts. at 917.60 as of 5:56 AM CST. Overnight action sets the stage for a steady to higher opening by the September S&P 500 index when the day session begins later this morning.
My Stock Pick This Week
Short-Sell Microchip Technology Ticker MCHP
Sell Entry: 23.27 to 22
Take Profit Areas: 19.87 to 19.51, 19.02 to 18.69, 16.27 to 15.95
Microchip Technology Company Profile
Microchip Technology Incorporated, together with its subsidiaries, develops and manufactures semiconductor products for various embedded control applications. Its product portfolio comprises 8-bit, 16-bit, and 32-bit PIC microcontrollers; and 16-bit dsPIC digital signal controllers, which feature on-board flash memory technology. The company also offers development tools; analog and interface products, including power management, linear, mixed-signal, thermal management, and interface products; and memory products, which primarily consist of serial electrically erasable programmable read-only memory products. It serves consumer, automotive, industrial, office automation, and telecommunication markets. The company markets its products primarily through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is based in Chandler, Arizona.
Click here to review and trial the Trading Software I used in determining my short position on Microchip Technology.
Wednesday, June 24, 2009
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Good day and good trading!
Tuesday, June 23, 2009
Beware: Gold is setting itself up for "the buy of a lifetime." Only the resource we're about to share with you will help you prepare for it.
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Monday, June 22, 2009
The Market Week Ahead
This Monday morning as my trading software scans thousands of stock charts looking for low-risk high reward trades and investments, I’m looking at the important market moving events of the week ahead. The Fed is meeting this week and record $100 plus billion dollars of Treasury notes are being auctioned off. Key economic data reports this week are existing / new home sales, durable goods orders, May personal income, and consumer sentiment. Bernanke is sharing with Congress on Thursday his role in the Bank of America - Merrill Lynch merger. Tech stocks are on the radar as Apple’s Steve Jobs had a liver transplant.
My Stock Pick This Week
I have a buy rating on a bank that is has a market cap of over $5 billion and has $2.5 billion in cash with an asset ratio of about 19% which is three times the average in which they could possibly use to buy competitor problem banks at fire sale prices. They also have the highest customer satisfaction rating in New England according to JD Power & Associates. This bank has the good chance to take market share from the bigger problems banks, and it’s now the country’s 11th largest bank because of their risk averse policies of the past.
Buy Long Position People’s United Financial. Ticker PBCT
Buy Entry: 14.60 to 15.31
Stop-Loss: 14.50 or Lower
Take Profit Areas: 16.05 to 16.42, 18.89 to 19.50, 19.76 to 20.39, 21.93 to 22.63, 26.39 to 27.23
People’s United Financial Company Profile
People’s United Financial, Inc. operates as a savings and loan holding company of People’s United Bank, which provides commercial banking, retail and small business banking, and wealth management services to individual, corporate, and municipal customers. The company operates through three business segments: Commercial Banking, Retail Banking and Small Business, and Wealth Management. The Commercial Banking segment provides commercial lending, commercial real estate lending, indirect auto lending, and commercial deposit products and services, as well as equipment financing, cash management, correspondent banking, municipal banking, and corporate trust services. The Retail Banking and Small Business segment offers consumer and small business deposit products, consumer lending/residential mortgage and home equity, and small business lending services. The Wealth Management segment involves in private banking, trust services, brokerage, financial advisory services, investment management services, and life insurance, as well as other insurance services. In addition, the company provides online banking and investment trading, and telephone banking services. As of December 30, 2008, it operated a network of 300 branches, including 79 full-service supermarket branches, 43 investment and brokerage offices, 9 People’s Capital and Leasing Corp offices, 16 commercial banking offices, and over 400 ATMs in Connecticut, Massachusetts, New Hampshire, Vermont, Maine, and New York. People’s United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.
Click here to review and trial the Trading Software I used in determining my long position on People's Financial.
Click the Peoples Financial Stock Chart for a larger view.
Friday, June 19, 2009
If you missed today's "emergency" webinar with Bill Poulos addressing the key mistakes Forex traders make and how Forex Income Engine 2.0 addresses them, then I have GREAT news for you. They recorded it.
Here's the cool part:
Bill explained how his groundbreaking Forex Income Engine 2.0 course takes the key mistakes traders make and turns them into your ADVANTAGE.
He also used a live chart to detail these mistakes, reveal the actual strategies from his course, and then he spent 30+ minutes doing a live Q&A!
I would bet your Forex trading will likely improve JUST by watching this webinar.
You can get access to the replay HERE:
Plus, Bill announced two killer bonuses during the webinar, too, and originally said they would expire at 11:59pm, TONIGHT (Thursday).
However, he decided to extend them another 24 hours to 11:59pm on Friday. But with only 23 copies left, these won't last.
Get to the replay here:
Thursday, June 18, 2009
This is a quick reminder about the "emergency" webinar being held today, Thursday, June 18th at 4pm Eastern by Bill Poulos, developer of the Forex Income Engine 2.0 home study course that has nearly sold out in just the past few days.
If you've wondered whether this course can help your Forex trading, you need to register for this webinar immediately. Seats are limited, and there are only a few hundred left.
(Plus, Bill has a few surprises you've NEVER seen before that will be revealed on the webinar that you will NOT want to miss.)
Bill's taking some critical content straight out of his Forex Income Engine 2.0 course and revealing it live on the webinar:
How to create an "infinite" risk/reward ratio when you trade Forex, regardless of what pair or timeframe you trade.
* Why most traders actually LOSE money when they try to capture a market's entire move, and how you can turn this into your advantage when you know the exact part of a market move you should be going after, and a TON more.
Remember, Bill's also giving away three more copies of his Forex Income Engine 2.0, along with other cool bonuses, but only to those present at the webinar. Don't miss this.
Click Here To Register:
Good day and good trading!
Wednesday, June 17, 2009
Discover Bull Markets You're Missing - 8 Asian Markets
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* Taiwan's TAIEX
* Korea's KOSPI
* Japan's NIKKEI 225
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* Australia's ASX All Ordinaries
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Also, Forex Income Engine Is Now Live! Act Now!
Tuesday, June 16, 2009
Monday, June 15, 2009
Market Week Ahead
Scanning the stock charts this early Monday morning looking for a low-risk high-reward trade or investment, I’m reviewing the week ahead. With oil and the dollar at keys levels currently, the stock market this week could be very volatile. Summers now upon us and we could possibly get a correction in the market with the S&P and the Dow moving averages at possible crossover points later in the week.
My Stock Pick This Week Needs More Gas
My stock pick this week is involved in auto racing. Nascar to be specific. Long story short, auto racing is not going away yet, but it should suffer for awhile from this recession we’re in, and this entertainment is not a must have expense. I’m selling short this company for the time being. With earnings and revenues very possibly slowing down for awhile with this company, I’m betting the stock price is going to slow down and get dragged down too. The company is well run, but I don’t think as many people are going to shell out hundreds of dollars to watch a car race in person when they might not even have enough money to put in their own gas tank first.
Sell-Short International Speedway Ticker ISCA
Sell Entry: 26.99 to 25.41
Take Profit Areas: 23.83, 22.25 to 20.67, 16.03 to 14.58
International Speedway Company Profile
International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The company conducts racing events at its motorsports entertainment facilities. Its motorsports entertainment facilities promote stock car, open wheel, sports car, truck, motorcycle, and other racing events. The company also uses its track facilities for testing teams, driving schools, riding experiences, car shows, auto fairs, and concerts, as well as for setting television commercials, print advertisements, and motion pictures. In addition, International Speedway Corporation rents show cars for promotional events; owns and operates a motorsports-themed entertainment complex; creates motorsports-related programming content carried on radio stations, including a national satellite radio service; and provides catering, food and beverage concession, and merchandising services. As of November 30, 2008, it owned and/or operated 13 motorsports entertainment facilities in Florida, Alabama, Michigan, Virginia, California, Kansas, Illinois, Arizona, South Carolina, and New York. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is based in Daytona Beach, Florida.
Click here to review and trial the Trading Software I used in determining my short position on International Speedway.
Click the International Speedway Stock Chart for a larger view.
Friday, June 12, 2009
Video 4: Top 2 Questions About the Forex Income Engine
This is just a courtesy notice to remind you to check out Bill Poulos's brand new, complimentary "Flexible Forex" training videos.
They reveal how he and a small group of his students have been enjoying all the recent volatility in the Forex markets caused by otherwise "scary" market conditions elsewhere.
So while other traders are "frozen" waiting for the markets to recover, some traders have been actively trading the Forex markets this way, day after day, completely ignoring the media's "doom and gloom" mantra.
Want to see how? Click here to watch the videos:
These videos will be coming offline soon, so be sure to watch them and take notes before they disappear.
Now, while these videos by themselves have more content than a lot of reports you'd have to PAY for, Bill released them to "whet your appetite" to see if you might be right for his brand new Forex Income Engine 2.0 home study course.
More details on this groundbreaking way to day trade the Forex markets have just been released in this new video where Bill reveals the answers to the top 2 questions he's been receiving since he released his new "Flexible Forex" 2.0 training videos.
See the details here:
I'll let you know if he releases any more training videos or updates. But in the meantime, if any of this piques your curiosity or interest, get ready for the special, limited release of his course next Tuesday, June 16th. It's going to
Wednesday, June 10, 2009
Video 2: "Flexible Forex" Day Trading FREEDOM In Action
The U.S. dollar, beaten badly since late April, took the upper hand on June 5 and broke below a psychologically important price point of $1.40 against its main competitor, the euro.
But whatever you read in the financial press regarding the "reasons" for the dollar strength, they all pale in comparison with this one: market sentiment.
Sentiment -- or, to put it differently, how the players collectively feel about their markets -- is a powerful force. So powerful that when sentiment reaches either an optimistic or pessimistic extreme, more often that not you can expect the market to turn.
With that in mind, let's look at the recent sentiment about the U.S. dollar:
First, the buck has become a hot topic lately. The number of discussions in the media of "what's next for the dollar" -- along with dire predictions for its demise -- have shot way up in recent weeks, especially after the EUR/USD, the euro-dollar exchange rate, moved above the $1.40 mark.
Second, "[s]peculative bets against the dollar have risen to their highest level since the onset of the financial crisis," reported the Financial Times on May 26. So, both the public and professionals have been getting antsy about the dollar's future.
Last but not least, the U.S. dollar's Daily Sentiment Index has been scraping the bottom. As our own Mon.-Wed.-Fri. Short Term Update has been reporting to subscribers:
"At just 6 percent bulls on the [U.S. Dollar Index], pessimism toward the dollar’s prospects has grown to the level it was at the March 17, 2008, bottom. Of the survey respondents, 94% think that the dollar will continue lower from current levels -- that’s extreme. It’s time for the dollar index to rally ... we are short-term bullish the dollar." -- Steve Hochberg, Short Term Update, June 3 (online now)
Editor Steve Hochberg backed up his June 3 forecast with this chart of the Dollar Index (DX; some labels have been erased for this article):
This selection from The Short Term Update is a good example -- one of many -- of how watching market sentiment and Elliott wave patterns can warn you of impending trend changes. As for all the "reasons" for the dollar strength you find in the media -- they may do a fine job of "explaining" why the turn has occurred. But they tell you little about the dollar's future -- and isn't that what really matters?
To learn where the dollar is likely headed next, read the latest issues of our Short Term Update (risk-free).
For intensive, 24-hour-a-day forex market coverage, try our Currency Specialty Service.
Forex Income Engine Video 2: "Flexible Forex" Day Trading FREEDOM In Action
Tuesday, June 09, 2009
Video 1: My "Flexible Forex" Day Trading Discovery
The June Dollar was slightly lower overnight as it consolidates some of Monday's rally but remains above the 20-day moving average crossing at 80.73. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off last week's low, the reaction high crossing at 83.33 is the next upside target. Closes below the 10-
day moving average crossing at 79.96 would temper the near-term friendly outlook in the Dollar. First resistance is Monday's high crossing at 81.53. Second resistance is the reaction high crossing at 83.33. First support is the 10-day moving average crossing at 79.96. Second support is last Tuesday's low crossing at 78.37.
The June Euro was lower overnight and is trading below support marked by the 20-day moving average crossing at 138.882. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 138.882 are needed to confirm that a short-term top has been posted. If June renews the rally off April's low, December's high crossing at 145.900 is the next upside target. First resistance is the 10-day moving average crossing at 140.535. Second resistance is last Wednesday's high crossing at 143.380. First support is Monday's low crossing at 138.040. Second support is the reaction low crossing at 134.200.
The June British Pound was higher overnight as it extends Monday's short covering rally but remains below the 10-day moving average. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.5843 are needed to confirm that a short-term top has been posted. If June renews this spring's rally, the 50% retracement level of the 2008-2009 decline crossing at 1.6733 is the next upside target. First resistance is the 10-day moving average crossing at 1.6175. Second resistance is last Wednesday's high crossing at 1.6665. First support is the 20-day moving average crossing at 1.5843. Second support is Monday's low crossing at 1.5802.
The June Swiss Franc was lower overnight as it extends Monday's decline below the 20-day moving average crossing at .9176. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off last week's high, the reaction low crossing at .8876 is the next downside target. Closes above the 10-day moving average crossing at .9277 would confirm that a short-term low has been posted. First resistance is the 10-
day moving average crossing at .9277. Second resistance is last Tuesday's high crossing at .9443. First support is Monday's low crossing at .9102. Second support is the reaction low crossing at .8876.
The June Canadian Dollar was higher overnight due to short covering as it consolidated some of Monday's decline but remains below the 10-day moving average. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 88.70 would confirm that a short-term top has been posted while opening the door for additional weakness during June. If June renews this spring's rally, the 75% retracement level of the May-March decline crossing at 95.26 is the next upside target. First resistance is the 10-day moving average crossing at 90.57. Second resistance is last Monday's high crossing at 92.73. First support is the 20-day moving average crossing at 88.71. Second support is Monday's low crossing at 88.55.
The June Japanese Yen was slightly higher overnight due to short covering as it consolidates some of last Friday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If June extends the decline, the reaction low crossing at .10025 is the next downside target. Closes above the 20-day moving average crossing at .10414 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at .10341. Second resistance is the 20-day moving average crossing at .10414. First support is last Friday's low crossing at .10112. Second support is the reaction low crossing at .10025.
Click here for the Video 1: My "Flexible Forex" Day Trading Discovery
Monday, June 08, 2009
The Market Week Ahead
Be careful shorting stocks in this current market environment right now, and if you do, keep your stop-loss price targets very tight. The USA is printing so much money for the economic bail out, and more than it did over the years and decades which created this financial credit mess to begin with. With these kinds of market conditions, stocks could soar on valueless money, and now the world could have a major currency crisis on its hands. There’s always opportunity within disaster. With the very possible increased volatility in the currency markets, there could be big fast money to be made there. A good strategy right now would be to sell some US Dollars, and invest trade in commodities. Commodities will most likely lead any economic recovery, and if they don’t for some weird reason, they are always a great place to be positioned for future inflation.
My Stock Pick This Week
I know I said be careful shorting stocks right now, but my stock pick this week is a short-sell. With the risk reward ratio favoring shorting this stock right now, I sometimes like to take the other side of the trade because if I’m right, I can be handsomely rewarded. If I’m wrong, I’ve got a tight stop-loss to take me out early for a small loss. This week I’m shorting a big Japanese financial institution purely from a technical point of view. I trade and invest from a sentiment and psychological perspective. Fundamentals are important especially long term, but too many times, analysts and economists use fundamentals after the fact as to why the market did move one way or another, whereas investor traders actually trade their beliefs about the market which are heavily influenced by sentiment and psychology. Putting money on the line in a trade or an investment, and analyzing why a stock did go up or down in price are two different animals entirely.
Sell Short: Mizuho Financial Group. Ticker MFG
Sell Entry: 5.43 to 5.85
Stop-Loss: 5.88 or Higher
Take Profit Areas: 4.44, 4.00 to 3.56, and 3.11 to 2.80
Mizuho Financial Group Company Profile
Mizuho Financial Group, Inc., through its subsidiary banks, provides various financial services, including banking, securities, and trust and asset management services in Japan and internationally. The company offers commercial banking services, foreign exchange transaction services, advisory services, capital markets financing services, syndicated loan services, and leverage and structure finance services. It also provides securities and investment banking services, such as underwriting and trading of bonds and equities. In addition, Mizuho Financial Group offers banking products and services, including housing and personal loans, credit cards, deposits, investment products, and consulting services, as well as offer products and services related to private banking, and trust and custody services. It offers its products and services primarily to individuals, small and medium sized enterprises, financial institutions, public sector entities, middle-market corporations, Japanese corporations, and foreign corporations. As of March 31, 2008, the company had 312 branches in Japan. The company is headquartered in Tokyo, Japan.
Click here to review and trial the Trading Software I used in determining my short position on Mizuho Financial.
Click the Mizuho Financial Stock Chart for a larger view.
Thursday, June 04, 2009
Click the Apple to watch the video.
In this week’s video we are revisiting Apple, Inc NASDAQ_AAPL. I last looked at Apple on April 9th, when it was trading at considerably lower levels than where we are right now. At that time I made some projections using the Fibonacci tool, as to where I thought Apple was headed.
Obviously Apple has moved quite a bit and I want to revisit some of these key levels that I think may be a real challenge to this market in the very near term.
It’s a short video, but I’ll go into details about levels I think could affect this market.
Click here for the Apple video.
“Trade Triangle” technology has been right on the money with Apple and continues to maintain a long position from $103.60.
Tuesday, June 02, 2009
The Japanese yen has been gaining against the U.S. dollar since April. As for the reasons why, fundamental analysts quoted in the press cite anything from the positive economic news from Japan to investors' growing tolerance for risk to GM bankruptcy.
But as satisfying as it is to know what might have already made the yen stronger, it doesn't answer the really important question: Where will the yen go next?
That's where the Elliott Wave Principle, a technical method, often has an advantage over fundamental analysis. Just by watching Elliott wave patterns in market charts, you can usually tell which way, and to what price levels, the market is headed next.
Watch this free 4-minute clip from a video forecast for USD/JPY weakness that EWI's Senior Currency Strategist Jim Martens recorded for his intensive Currency Specialty Service subscribers on April 21, when the yen was just picking up speed.
Click here for Elliott Waves Currency Forecast Service.
Click here for more forex resources.
Click here for Metatrader4 expert advisors.
Monday, June 01, 2009
The Market Week Ahead
This week starts off with GM getting ready to file bankruptcy, and then the US taxpayer will own a majority stake. Geithner is meeting with the Chinese reassuring them their $800 billion US treasury investment is safe. Commodity prices are expected to continue their recent upside price moves. People are leaving their subprime loan foreclosed houses so fast they are leaving valuable possessions behind. Nice combination for a volatile market and big price swings possibly . . . a trader’s paradise.
My Stock Pick This Week
My stock pick this week is an ocean shipper with the big Panamax ships. China’s stimulus plan and subsequent possible increased commodity imports has been helping in giving the shippers share prices a boost lately. Long term I love the shippers with a growing global economy the supply demand picture looks to be favoring the shippers. Short term, I’ve got a sell or wait for a pullback to buy in. If the stock price keeps moving north use the stop-loss and reverse into a buy position.
Sell-Short Diana Shipping. Ticker DSX
Sell Entry: 18.78 to 17.69
Stop-Loss: 18.88 or Higher
Take Profit Areas: 16.07 to 15.26, 14.19 to 13.68, 13.21 to 12.74
Diana Shipping Company Profile
Diana Shipping Inc., through its subsidiaries, provides shipping transportation services. The company focuses on the transportation of dry bulk cargoes, such as iron ore, coal, grain, and other materials along worldwide shipping routes. As of December 31, 2008, its shipping fleet consisted of 13 Panamax dry bulk carriers and 6 Capesize dry bulk carriers with a combined carrying capacity of approximately 2 million deadweight tonnage. Diana Shipping charters its vessels to various national, regional, and international chartering companies. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping was founded in 1999 and is based in Athens, Greece.
Click here to review and trial the Trading Software I used in determining my short position on Diana Shipping.
Click the Diana Shipping Stock Chart for a larger view.