when oil is above $50 nations are busy producing goods as the demand for the sweet crude in emerging markets accelerates the pullback is necessary to maintain cost of production otherwise it would be expensive for new economies to compete with developed nations low priced oil means VOLUME play for producers and the middlemen benefits - this is also timing for...
Alcoa Corporation Intraday - We look to Sell at 37.00 (stop at 41.12) This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level. Our profit targets will be...
FedEx Corporation Short Term - We look to Buy at 161.03 (stop at 148.79) The company gave a bleak outlook for profits and plunged in the premarket by 20% .We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move...
BIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.