TradingMarkets Top 5 Of The Day
Welcome to TradingMarkets.com Top 5 of the Day!
In this nightly feature, the editors of
TradingMarkets select the 5 best and most insightful (and sometimes humorous)
excerpts from all of the articles and blogs that have been published throughout
the entire day.
Here are today’s selections:
Joe Corona from:
Bounce coming — trade it, then fade it!
The cable banshees are
howling — all Rita all the time — but it looks as though all the bad news is
baked into the cake and a bounce should be on the way. I don’t know whether it
will materialize today because we are up against a weekend and risk managers
will be on the prowl, but if not today, Monday is likely an up day, and a rally
should carry a bit.
Click here for more…
Dave Landry from:
Here’s 2 To Buy And 2 To Sell
So what do we do? The
fact that the indices are finding support near/at their August lows suggests
that they have the potential to bounce from oversold.
Click here for more…
Austin Passamonte from:
Next will be a better trading week, here’s why
A few of the lessons I (re)learned this week:
1. Never move stop-loss orders away from price action. We can always enter again
if stopped.
2. Trade the trend first, worry about reversal setups afterward.
3. Treat each symbol traded separately from the other. Do not exit one early for
sake of other.
4. When price objective targets on a chart are visible, give the trade
reasonable room to work.
5. When price action trades at clear resistance or support AND unrealized
profits are at least 2x initial risk, crowd the stop or exit and look to
re-enter later.
Click here for more…
Mark Boucher from:
There’s a bull market in Asia and here are 3 ways to trade it…
We
continue to believe Japan has a good chance of side-stepping softening in the US
economy, as it did in the 1994 soft-landing, and that this trend is one
investors should participate in. Korea has also broken out and continues making
new highs this week. Asia is continuing to show evidence of a reacceleration in
growth, and we would continue to add China to our list of favorites if the FXTID
index can break to new highs.
Click here for more…
Dave Goodboy from:
Oil forecast remains on course, here’s what’s next
My
analysis of the hype driven oil scenario is playing out as expected. The shorts
turned positive today with close to one point profit as this is written. I am
expecting further weakness and am holding shorts at an average cost 66.88 at
this time.
Click here for more…