25 Feb 2015 @ 19:35
Bank of America stock (
NYSE:BAC) is currently a dicey market and one should stay away until there is a predictable direction. The price made some effort to go north last year (2014), but there was a sharp pullback in the month of January 2015. The price is now trying to recover from the sharp pullback. […]
24 Feb 2015 @ 03:51
You just know it’s going to be a bad day when it’s time to report a 17% decline in pretax profit for any period. This morning, HSBC Holdings (
LSE:HSBA), Europe’s largest bank, reported a 17% decline for the entire 12 months ending 31 December. The company’s share price followed suit post-announcement, falling more than 5.1% […]
24 Feb 2015 @ 02:02
It has to be said: The antics of your mind throw many a spanner into your trading works. There is no other way of putting it, you are the unwitting victim of your mind rather than being the master of it. This simple fact, which I also discussed in my last article:” Why Fundamentals Don’t […]
23 Feb 2015 @ 10:18
The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this […]
21 Feb 2015 @ 20:34
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market is not currently favorable for swing trading, except intraday trading or scalping. This is because the market has not moved protractedly in a vivid direction for weeks. There is a support line at 1.1300 and a resistance line at 1.1450, and a […]
20 Feb 2015 @ 09:38
It has been one week since I used this space to discuss ARM Holdings (
LSE:ARM) following its earnings report for 2014. In the interim, ARM’s share price has gained an additional 12 points. It is up 104 points (10%) since 01 January, closing today at 1,099.00. Every time I research ARM, I get the same […]
19 Feb 2015 @ 11:28
“But in the market any price is always history. It’s the price of the last transaction, holding no guarantee for even the nearest future.” – Dirk Vandycke What do you do when a good trading system, whose historical results have been satisfactory, gets into a losing streak? Good strategies lose now and then, and then […]
18 Feb 2015 @ 08:03
Wood Group’s (
LSE:WG.) share price gained 4.76% today on the London Exchange, closing at 660.00, up 30.00 points from yesterday’s close of 630.00. Today’s increase continues to build on a pattern that started on 14 January when the stock began recovering after hitting a 52-week low of 527.00. More than 2.5 million shares traded hands […]
17 Feb 2015 @ 19:32
Microsoft shares (NASDAQ: MSFT) gapped downwards in January this year and since then, they have been making a slow attempt to recover. The outlook this month has been bullish so far. In the chart, the price has been challenging the upper Trendline and a break above it could make the price trend further north until […]
17 Feb 2015 @ 19:22
Lloyds stock (
LSE:LLOY) is not an attractive market at the moment. The choppy and volatile price is a pain to the speculator, except one waits for the price to start moving in a determined manner. The high volatility and choppy conditions happened last year and they are also happening this year, though the price is […]
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