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Thursday 12 September 2013

Trading Signals to watch

Trading today will be at a higher risk because of US debt
Federal Budget Balance at 2pm EDT should be negative as US is in more debt
Sell S&P 500 around 1690 if it stays below, for end of day expiration

However, there are still possible "Buy" trades to be made if stocks rebound
Buy Apple around 465 if it rebounds & stays above
Apple is too low & oversold, support @ 460, 465
Billionaire Icahn bought more Apple stock yesterday when it dropped below 470

Buy Google around 891.5 if it rebounds & stays above
Google announced 4 new Chromebooks
Google is upgraded to "Buy"

Buy Facebook around 45 if it rebounds & stays above
Facebook's Chief Operating Officer met with the head of China's Internet regulator & this might open doors for Facebook to China, which is banned in China
Facebook set a new record high just above 45 yesterday
Facebook is upgraded to  "Buy"

Buy Yahoo around 29 if it rebounds & stays above
Yahoo reached 800 million monthly active users

We prefer short term "buy" trades instead of end of day expiration because Federal Budget Balance might pull stocks down
Try 30 minutes-1 hour expiration

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