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I would kindly appreciate it if you could take some time out and post your thoughts on your experience with me as a Day trader, with regards to the Live Analysis.
Thank you
http://www.bbc.co.uk/news/business-15911603?utm_source=twitterfeed&utm_medium=twitter
Bullish news for a gap up on Monday
IMF May Offer Italy Up To 600 Bln To Shore Up Euro http://www.efxnews.com/story/7471/imf-may-offer-italy-eur600-bln-shore-euro
In the United States the media will be following retail sales very closely today. This is black Friday which is the busiest shopping day of the entire year. The term black Friday comes as many retailers will finally turn a profit for the year during this time. Many companies which have been in the red all year will finally get into the black. Often many investors will follow the sales or store traffic that takes place this weekend. Spending money is supposed to be good for the economy and many people in the United States will be out shopping for the best deals that money can buy.
On the other side of the pond there are some serious problems talking place in Europe. Italian debt yields have soared sharply higher. Yields on the Italian ten year bond have rocketed higher by more than 7.0 percent. This is telling the world that there are some serious problems in the European Union. Many traders are now expecting the European Central Bank (ECB) to cut interest rates by another 50 basis points in the near term . Other market traders and investors are expecting the ECB to ultimately print more money the same way that the Federal Reserve does in the United States. Monetizing the debt will ultimately be the solution for the European Central Bank. As most investors know, when debt is monetized inflation is created and this is also a major headwind for all consumers in Europe.
This morning, the European markets are holding up well trading basically flat on the session. All eyes are on Germany as countries such as France, Italy, and Spain are hoping that Germany will allow the ECB to print money. At this time, Germany has resisted giving the ECB the power to print and create more Euro's for a bailout. Germany is considered the best and most solvent country in the European Union. If the Germans allows the ECB to print money and bailout the European banks this could cause a short term inflation rally. If Germany continues to resist and does not allow the ECB to print money the European Union could begin to break down and collapse very quickly. Germany will simply have to pick their poison, either way, the end result is likely going to be painful before a real solution happens.
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On the other side of the pond there are some serious problems talking place in Europe. Italian debt yields have soared sharply higher. Yields on the Italian ten year bond have rocketed higher by more than 7.0 percent. This is telling the world that there are some serious problems in the European Union. Many traders are now expecting the European Central Bank (ECB) to cut interest rates by another 50 basis points in the near term . Other market traders and investors are expecting the ECB to ultimately print more money the same way that the Federal Reserve does in the United States. Monetizing the debt will ultimately be the solution for the European Central Bank. As most investors know, when debt is monetized inflation is created and this is also a major headwind for all consumers in Europe.
This morning, the European markets are holding up well trading basically flat on the session. All eyes are on Germany as countries such as France, Italy, and Spain are hoping that Germany will allow the ECB to print money. At this time, Germany has resisted giving the ECB the power to print and create more Euro's for a bailout. Germany is considered the best and most solvent country in the European Union. If the Germans allows the ECB to print money and bailout the European banks this could cause a short term inflation rally. If Germany continues to resist and does not allow the ECB to print money the European Union could begin to break down and collapse very quickly. Germany will simply have to pick their poison, either way, the end result is likely going to be painful before a real solution happens.
Join the Pros and Profit. Trade with the best live in our Intra Day Stock Chat. Swing trade your portfolio to wealth in our Research Center. Get started for free by clicking the free trial banner.
China has confirmed that it plans to pour £1.1 trillion (10 trillion yuan) into the so-called "strategic sectors" http://www.telegraph.co.uk/finance/china-business/8904733/China-unveils-1-trillion-green-technology-programme.html
Plans to Cut Debt Fail Nearly Everywhere; That's One Success Story! http://globaleconomicanalysis.blogspot.com/2011/11/uk-prime-minister-our-plan-to-cut-debt.html
Even at these prices,I won't be a buyer,house sellers will have to to do better than that.So see you in June 2012,then we talk,even though,just maybe! http://www.google.com/hostednews/ukpress/article/ALeqM5jrvHkgiE0LNrNiqqQxv9LOevTTbA?docId=N0018621321982514391A
Many investors and traders are wondering if the stock markets will see a Santa Claus rally. Often the stock markets will have an end of year rally at the start of the holiday season. This year there are some major problems that could prevent that traditional rally. The main issue that could prevent the Santa Claus rally is the European banking crisis. The European Union has not really been able to figure out how to bail out all of the banks holding European sovereign debt. This crisis in the Euro-zone is not likely going to be solved anytime soon and will keep these stock markets on edge throughout the foreseeable future.
The retail stocks have a tendency to rally after black Friday. Black Friday is the trading day after the Thanksgiving Day holiday in the United States. This is often the day that many retailers will go into the black and actually become profitable, as opposed to being in the red for most of the year. Hence the term, black Friday. The Retail Holders Trust (NYSEARCA:RTH) has pulled back from its recent high of $113.85 a share. Traders can watch for some short term support around the $106.00 level on the daily chart. The RTH will have intra-day resistance around the $108.00, and $108.75 levels should it rally. Should the RTH pullback and decline today there will be intra-day support around the $106.75 level.
Some retail stocks that will usually rally after black Friday include Costco Wholesale Corp (NASDAQ:COST), Ann Inc (NYSE:ANN), Ralph Lauren Corp (NYSE:RL), and Bed Bath & Beyond Inc (NASDAQ:BBBY). Traders should remember that the retail sector will often trade together, therefore, it is always good to see the RTH showing strength on the charts when getting involved with the retail stocks. There is a major banking crisis going on at this time and Santa may have to take a back seat to Scrooge this year.
