mikestockmarket

mikestockmarket

I dont see any real reason for this to not hit 602, S&P500 is flying again and will probably run till Christmas, does most years, it's how the hedge fund managers get their xmas bonuses sorted out :-) Fiscal cliff is a non event, I don't usually trade AAPL but this ones a no brainer.

mikestockmarket

One of the people I always listen to is Alan Rich, he see's a move happening and blogs about it well in advance. I believe the same thing is possible. I hear lots of talk about "fiscal cliff" but in a day and age when countries are literally printing money I don't see that the fiscal cliff is even a concern, they will just extend it, fix it, rearrange it... after...

mikestockmarket

I plan to get short on this tomorrow, I feel the pound is weak and dollar is getting stronger. I haven't got much time to update tonight so just a quick one.

mikestockmarket

Vale has increased volume and has just broken this long term trend line . It could be set for a nice comeback, I am going to trade this but I will be buying stocks for a long term investment as it could take a while for China's steel needs to return. Previous dividends have been quite good, I expect 3-4% in divs and potential growth as well. Vale is one of the...

mikestockmarket

3 of the top 10 FORTUNE 500 companies (2012) were oil companies. Oil companies seem to react to the price of oil but neither of these 3 companies seem to have dropped with the recent drop in oil prices. Signs of weakness on any of these 3 could potentially give some momentum to the downside. Other American oil company stocks seem to have moved lower in the...

mikestockmarket

Anadarko Petroleum Corporation - APC, Chevron Corporation - CVX, ConocoPhillips - COP, Continental Resources - CLR, Devon Energy - DVN, ExxonMobil - XOM, Hess Corporation - HES, Marathon Oil - MRO, Murphy Oil - MUR, Occidental Petroleum - OXY, Plains Exploration & Production - PXP

mikestockmarket

The gold histogram represents the price of gold with the scale on the left. The line charts represent 9/10 of the Worlds Largest Gold Companies according to Wikipedia (en.wikipedia.org) with the share price on the right. You can see where gold peaked back in the summer of 2011 and then how as price fell so did the companies who produce it. What I find interesting...

mikestockmarket

This is my second attempt at trying to understand if there is any trade-able longer term effect of the Non Farm Payroll data release. I couldn't see much on my previous chart based on the Dollar Index (). This time round I would consider the idea that good or bad news during an uptrend or downtrend can change the trend for a few days following that NFP data...

mikestockmarket

This could come good for new year.. Keeping this one on the back burner to see how it pans out... $29-$27.50 for a buy and then take profits at $45+ =============== Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chili's Grill & Bar (Chili's) and Maggiano's Little Italy (Maggiano's) restaurant brands. As of June 27, 2012...

mikestockmarket

Risking 0.51% for 6.5% Entry at 1.29293 Stop at 1.29950 Feeling a little cheeky on this one. I see the dollar getting stronger at the moment, plus we are up close to weekly resistance. I will have to manage my trade very well in order to get down to that 1.20884 level while locking in profits. If I get half way there I will be happy.

mikestockmarket

A trader I know recently said to me that not only can you trade the immediate volatility in the market after Non Farm Payrolls and Unemployment Rates but also it often sets the mood for the market in the following month all the way up to the next data release, now this sounds like it has some logic to me so I have plotted all the NFP and UR points for the last...

mikestockmarket

The Pound is weak, but look how previously it has held that original 50% fib level @ 1.52742. I'll be keeping one eye on this larger time frame. Hopefully we will see a nice bounce before xmas or the winter may be a very dark and cold one for those of us here in the UK.

mikestockmarket

I want a price under 45.50, I hope to get long tomorrow. Dollar Index was strong today and the S&P dropped. This rallied, my view is this is ready to go higher. There is also some news around this company at the moment suggesting it is a cheap stock. 2-1 R/R nearly. I'll get a stop to break even and then let it...