Breaking News: Today, 12/04/08, the European Central Banks ( ECB ) just cut key interest rates by 75 basis points to 2.50%.
In other news just breaking, Wal Mart ( WMT ) same store sales were up 3.4% in November and this is sending shares of Wal Mart higher in Pre Market today to $55.25.
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Showing posts with label interest rate cut. Show all posts
Showing posts with label interest rate cut. Show all posts
Thursday, December 4, 2008
Wednesday, October 8, 2008
Pre Market Trading - Stock Market 10/8/08
This morning 10/8/08 in the stock market, Europe and the United States pursued a global rate cut for the first time since November 2001. Stock Markets have been skyrocketing around the globe off this news. Dow Jones is up 200 points on this news, Nasdaq up 23, S&P 500 up 29 points.
Japans Nikkei went down 9.4% last night, the worst we've seen in that market since the crash in 1987. There was steep losses all across the globe before this rate cut.
Stock to Watch today: RBS, GOLD, LYG, GGP, HOV, LDK, SOV as these stocks are todays biggest gainers so far.
Day Trading 10/8/08 - What will I be trading today in the stock market? Apple ( AAPL ), Potash ( POT ), First Solar ( FSLR )....buy these stocks when they break through their high of the day and sell them when you get profits. Short them when they break the lows of the day.
For a good earnings calendar - http://blackberystocks.com
Japans Nikkei went down 9.4% last night, the worst we've seen in that market since the crash in 1987. There was steep losses all across the globe before this rate cut.
Stock to Watch today: RBS, GOLD, LYG, GGP, HOV, LDK, SOV as these stocks are todays biggest gainers so far.
Day Trading 10/8/08 - What will I be trading today in the stock market? Apple ( AAPL ), Potash ( POT ), First Solar ( FSLR )....buy these stocks when they break through their high of the day and sell them when you get profits. Short them when they break the lows of the day.
For a good earnings calendar - http://blackberystocks.com
Tuesday, October 7, 2008
Pre Market Trading - Stock Market 10/07/08
This morning Dow Jones, S&P, and NASDAQ are all rising in pre market due to a surprise interest rate cut in Australia which was the steepest rate cut in 16 years. The US and European markets hope that they are next. India also cut interest rates today.
All eyes and ears will be on Ben Bernanke as he will speak today and the Fed Minutes will come out. The credit markets have tightened somewhat but our system is still clogged. On the bright side, the bailout plan is moving at a much needed fast pace. We will have some major action in regard to the bailout plan next week.
Stock to Watch 10/7/08 - First Solar ( FSLR )
First Solar has been downgraded to sell by Goldman Sachs.....not sure why they waited this long to downgrade, but history says you can never trust these analysts. FSLR has fallen from $300 to $140....nice job guys! Shouldn't you have been downgrading at $300?
Other stock movers in pre market - AMD, NCC both up big time in pre market!
Today I will be day trading AAPL and POT as I did yesterday. This is where to major volume and price action is.
All eyes and ears will be on Ben Bernanke as he will speak today and the Fed Minutes will come out. The credit markets have tightened somewhat but our system is still clogged. On the bright side, the bailout plan is moving at a much needed fast pace. We will have some major action in regard to the bailout plan next week.
Stock to Watch 10/7/08 - First Solar ( FSLR )
First Solar has been downgraded to sell by Goldman Sachs.....not sure why they waited this long to downgrade, but history says you can never trust these analysts. FSLR has fallen from $300 to $140....nice job guys! Shouldn't you have been downgrading at $300?
Other stock movers in pre market - AMD, NCC both up big time in pre market!
Today I will be day trading AAPL and POT as I did yesterday. This is where to major volume and price action is.
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