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Tuesday, 1 October 2013

Buy Microsoft- invalid

Buy Microsoft around 33.5 if it stays above, for 30 minutes expiration

Result: invalid
Microsoft broke below 33.5 & expired @ 33.5 at 11:30am EDT
It is still testing 33.5 for support or resistance, investors are uncertain whether to buy or sell now


Sell GM- won

Sell General Motors around 36.0 if it stays below, for 30 minutes expiration

Result: won (barely)
GM expired @ 35.98 at 11:30am EDT


Buy Microsoft @ 33.5

Buy Microsoft around 33.5 if it stays above, for 30 minutes expiration
Microsoft appointed new Canadian leader
11,000 of Delta Air Lines pilots are now using Microsoft's Surface 2 Tablet

Sell General Motors @ 36.0

Sell General Motors around 36.0 if it stays below, for 30 minutes expiration
General Motors September US sales dropped 11%

US economic reports update

9:00am
Final Manufacturing PMI
Actual: 52.8   Estimate: 52.8   Previous: 52.8
10:00am
ISM Manufacturing PMI
Actual: 56.2   Estimate: 55.3   Previous: 55.7
ISM Manufacturing Prices
Actual: 56.5   Estimate: 55.2   Previous: 54.0

Stock Market Analysis

The market will be more volatile after US government shutdown
There will be profit takers & also bargain hunters
Some say that they have cashed out 90% of their winnings & waiting for a good bargain
History has shown that previous shutdowns caused S&P 500 to drop 0.8% then gain 1.1% 1 month later
Trade less & more cautiously for now

US economic events 1 October 2013

9:00am
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
ISM Manufacturing Prices

Tentative
Construction Spending m/m
All Day
Total Vehicle Sales

Market Analysis

We issued a sell signal too early today as USD/JPY spiked to 98.5 before really dropping, but those who sell @ 98.3 later should win
Apparently the market still needs 30 minutes-1 hour even after a US government shutdown before showing the real direction & currencies are more volatile than stocks

Sell USD/JPY- invalid

Sell USD/JPY around 98.3 for less than 30 minutes expiration if it stays below

Result: invalid
USD/JPY broke above 98.3

Sell USD/JPY around 98.3

Sell USD/JPY around 98.3 for less than 30 minutes expiration if it stays below
US government officially shutdown at 12am EDT