11.48pm Decided to take a look at US financial stocks since dow has cleared strongly above 13000. 2 beaten down stocks that came to mind – BAC & Citigroup Disclaimer: Trade at your own risk. Fxgump is not responsible for any losses incurred as a result of following our analysis . We only share knowledge and idea...
This post is quite random as I will be talking about 2 very different topics. Firstly it is the VIX. VIX measures the implied volatility of the S&P index options. Check out full description here. I often check the VIX to remind myself how volatile the market currently is. I also use the VIX to gauge market fear and...
Good morning all. Began charting the moment I woke up. A view at USDSGD and the US Dollar index which measures the relative true strength of the USD. US Dollar Index(DXY) I always look at the dollar index the gauge the strength of the US dollar. A simple rule I follow is never buy US stocks when US dollar...
Hello folks! For those who are interested in US stock market can take a look at the potential reversal in Goldman Sachs. Goldman Sachs GS (Daily chart) One of the biggest bank traded in NYSE, GS’s price action has completed the double bottom pattern as of last Thursday. Double bottom pattern usually indicate the start of...
Hi Dear Gumpers, As some of you guys know, I am a stockbroker by day. Being a good stockbroker to me is not about churning the most commission from them and making my company very rich. I build my business the slow and steady way by educating them in terms of technical analysis and by enriching their...
Looking at the bullish movements in the global markets last week, we must be wondering, are good times here to come? Technical analysis cannot predict the future, but it can always give hints as to where we are heading if we look at it systematically. Here are my views about the global markets. Roundup of the global...
5.40 pm Today, I will be covering a US stock which I am currently monitoring. The price at the close yesterday represents potential buying opportunity for bulls who think Mcdonalds will be around 50 years from now.(I am one of them) Mcdonalds is one of the recession proof stock in my opinion. Need some convincing? MCD Weekly Chart...
