Monthly Archives: October 2011
BOJ intervention likely to do nothing
| October 31, 2011 | Posted by admin under Forex Technicals |
I posted a quick outlook on Benzinga on the Bank of Japan intervetion in the currency markets, and what I believe the effects will be. You can read the article here: http://www.benzinga.com/trading-ideas/long-ideas/11/10/2079012/japan-intervention-likely-to-do-nothing-to-usdjpy-over-long-t Cheers, Cory Mitcehll, CMT
EUR/USD Long-Term Pivotal Point
| October 31, 2011 | Posted by admin under Forex Technicals, Swing Trading Ideas |
I recently wrote a long-term outlook of EUR/USD for Benzinga. The analysis can be viewed here: http://www.benzinga.com/trading-ideas/long-ideas/11/10/2076193/eurusd-at-long-term-inflection-point Cheers, Cory Mitchell, CMT
Bill has been KILLING IT in this market…here is how
| October 29, 2011 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
I got a video from 35+ year market expert Bill Poulos that I think you’re going to want to see right away. Him and his students have been absolutely killing it in this market we are seeing. When he told me I didn’t really believe him – show me some proof Bill! And I am sure…
The Anniversary of the 1929 Crash – How would Jesse Livermore feel about Occupy Wall Street?
| October 28, 2011 | Posted by admin under Food for Thought |
This weekend marks the anniversary of the 1929 stock market crash. It was a very tough time, and as we face our own struggles today it is important to remember what we can get through. Jesse Livermore was an independent trader at the time, and his story is one of triumph and sadness. As we approach the…
How You Can Make Yourself a Better Trader
| October 28, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
I saw this excerpt for a great little free ebook which is available for download. The ebook has lots of tips and forces you to really determine what you want to do with your trading….and how you are going to do it. How You Can Make Yourself a Better Trader Define Yourself: What Kind of…
Robert Prechter Explains The Fed, Part III
| October 28, 2011 | Posted by admin under Food for Thought, History Lessons &Trading, Intro to Trading |
The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve October 26, 2011 By Elliott Wave International This is Part III, the final part of our series “Robert Prechter Explains The Fed.” (Here are Part I and Part II.) Money, Credit and the Federal Reserve Banking System Conquer the Crash, Chapter 10 By Robert…
4 Mistakes that Kill Forex Day Traders
| October 27, 2011 | Posted by admin under Intro to Trading |
I recently penned an article for Benzinga which looks at the most common mistakes I see traders make. You can read the article 4 Forex Mistakes that Kill Day Traders here: http://www.benzinga.com/personal-finance/financial-advisors/11/10/2019607/four-forex-mistakes-that-kill-day-traders Cheers, Cory Mitchell, CMT VantagePointTrading.com
USD/CAD poised for a move…
| October 26, 2011 | Posted by admin under Forex Technicals, Swing Trading Ideas |
After breaking above par in violent fashion last month the pair put in a high of 1.0656 in early October. Since that time the USD/CAD has retraced, recently moving all the way back to parity. The re-test of the breakout point was met with aggressive buying as the pair rallied sharply and currently trades at 1.0169. With…
Amazon (AMZN) sells off on earnings announcement
| October 25, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
Amazon (NASDAQ: AMZN) released earnings after the bell today and the stock is getting hit hard to the downside. The stock which closed the regular session at 226.95 is currently at 193.01. The low of the initial move was 184.59. EPS for the quarter came in at $0.14 versus an anticipated $0.24. Revenue came in…
3M trades down after earnings but bouncing off lows
| October 25, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
3M (NYSE:MMM) which reported after the bell yesterday and had a conference call this morning is trading down from yesterday’s close. The stock closed just above $82 and currently trades at 77.12. The low in the pre-market was 75.86. EPS was 1.52 vs the estimate of 1.61. Sales were 7.53 bn vs 7.78 bn expected.…
United Parcel Service (NYSE:UPS) trading down after earnings announcement
| October 25, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
United Parcel Service (UPS) beat estimates on a per share basis, reporting EPS of 1.06 vs the estimated 1.05. Revenues were in line at 13.17 billion. Net income was 4.07/share compared to estimates of 4. Despite this the stock is trading is down, currently at 68.99 from the close of just under 71 yesterday. The…
Cummins (NYSE:CMI) Down in Pre-Market after Earnings Announcement
| October 25, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
Cummins is having a volatile pre-market after their pre-market earnings announcement. The stock, CMI, which closed yesterday just below 99 is currently trading at 92.09 and has traded as low as 89. The company reported income of 2.35/share. Net sales rose 36%. Margins increased to 25.7%. So while news was good the company is trading…
Pre-market Earnings Announcements – Oct. 25
| October 25, 2011 | Posted by admin under Day Trading Ideas |
There are some noteworthy companies expected to release earnings before the opening bell on Tuesday. These are likely to be volatile big movers in the Tuesday session. CIT Group Inc – CIT Coach Inc – COH Cummins Inc – CMI Deutsche Bank AG – DBK.DE Lexmark International Inc – LXK United Parcel Service – UPS…
NETFLIX (NFLX) gets crushed after earnings announcement – Oct. 24
| October 24, 2011 | Posted by admin under Stock Market Analysis |
NETFLIX (NFLX), which reported earnings after the bell today is getting crushed. Prior to the announcement the price was about 118.90, and post-announcement is currently trading at 93.65 with a low of 91.15. A loss of close to 25% based on the lows seen in the intial move. Update: 4:47 PM EST. The stock is…
Update on EU situation
| October 24, 2011 | Posted by admin under Economic Data |
Here is a good article on Spiegel that explains what is going on in the Europe talks: http://www.spiegel.de/international/europe/0,1518,793599,00.html
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