The EUR/USD is Weak Once More
Mar 31, 2010 Small Cap Stock Picks
James Shelton
In the overnight, the EUR/USD trades lower, it does so below a critical support level . This critical area represents a swing low created on March 2nd and it was recaptured on Monday with a small trading range. The strength that was seen last Friday comes while Greek budget issues appear to be contained as a resolution is presented. The weakness displayed in the past few days shows that markets have digested and find concerning an International Monetary Fund “bailout”, as this proves the EU is rather weak. Not to mention the statements made by Irish Finance Minister, Brian Lenihan, who claimed that Irish banks will need more capital before they can truly secure a recovery. A close on the daily chart below 1.3259, will warrant heavy selling by retail and institutional traders as it confirms a downtrend in the currency pair.
Dallas Federal Reserve Bank President, Richard Fisher, said according to MNI, that “record federal borrowing is putting upward pressure on longer term interest rates, but doubted the Fed would ever buy Treasuries to help hold down those rates.” This news did not move bond markets too dramatically while it is worth noting that they experienced heavy selling pressure last Wednesday. Support will be found at the swing low near 115’070, while extreme selling pressure is warranted with a close below.
Crude oil trades below the critical $83.25 level we have spoken so much about in the most recent weeks. The markets inability to close above this level, after trading very close to it on multiple occasions, would warrant heavy selling pressure back to the $79.00 level.
Quite markets should not come as a surprise as the unemployment numbers are due this Friday, markets are closed.
Tags: commodities, crude oil, debt, EUR, EUR/USD, Greece, Irish debt, stocks, www.Jwsheltoncapital.com
Small Cap Stock Picks: We Just Banked +40% on SRGL.OB!
Mar 30, 2010 Bullish Stock Charts, Small Cap Stock Picks
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Small Cap Stock Pick: SRGL.OB
SRGL.OB formed a beautiful breakout chart that was just too sweet to pass up as i was very confident in this position when i alerted the black service crew of the opportunity here. We first entered long in @ 1.26 and then again @ 1.22 on the dip before this stock blew up to all time highs today @ 1.76. I took my profits today @ 1.73 and locked in this excellent +40% gain on this trade. On to the next one!
Bullish Stock Chart: SRGL.OB
Tags: srgl.ob
Bullish Stock Charts on the BLOCK: SIMO, UTSI, CRUS, MMG, CNAM
Mar 30, 2010 Bullish Stock Charts
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Bullish Stock Charts on the BLOCK: SIMO, UTSI, CRUS, MMG, CNAM
SIMO
UTSI
CRUS
MMG
CNAM
Markets Trading Near Critical Levels
Mar 30, 2010 Small Cap Stock Picks
James Shelton
One should take note of last Thursday on the s& p. It was a reversal signal day as it made a new high, broke previous days low and closed under 50% of days range. If we could close above it today, higher prices are warranted, if not, watch for break of swing lows from a week or two ago. Crude oil rallied yesterday, many traders attribute this to the subway bombings. It traded above the critical 82.25 level we have been speaking about, watch for continuation as prices could go much higher. Failure of follow through, would very likely send it back to the 79 level.
Tags: bonds, EUR, Greece, normal length returning soon, Quick summary, stocks
Black Service Crew Banks HUGE on WHRT (+50%) and ESPH (+50%)
Mar 30, 2010 Bullish Stock Charts, Small Cap Stock Picks
We’re Ranked the #1 Popular Finance Website @ investimonials.com :We returned +242% in 2009. Sign up today and Get our REAL TIME trade Alerts via Text message, Email, And Live Chat for as low as $1.09/day ! LEARN MORE HERE
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Small Cap Stock Pick: WHRT
After coming off its bottom WHRT showed some huge increases in volume which lead to this stock blowing up shortly after we bought @ 2.74 as this was breaking out above resistance. I alerted to lock in profits today @ 4.08 near the open for a HUGE 50% gain! This went up near 4.50 today for the highs this morning
Bullish Stock Chart:
Small Cap Stock Pick: ESPH.OB
After trading this a few weeks ago for a solid gain this came to my attention once more as it was breaking out of its flag formation and the 13ema trend still remained in favor of the bulls. I alerted to enter on the breakout @ 1.15 and alerted to sell this morning @ 1.72 for a wopping +50% Gain!
Bullish Stock Chart: ESPH.OB
Bullish Stock Charts O’ Da Day! AEN, CGR, CFW, ROSG, NXTM, TSTR
Mar 30, 2010 Bullish Stock Charts
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The market remains on a hot streak as more bullish stock chart set ups continue to form. Below is a list of potential breakouts in play as of todays market action!
AEN
CGR
CFW
ROSG
SMTX
NXTM
TSTR
