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Late rally today pushed DOW index back above 12,000 points on Euro optimism. In my opinion this optimism doesn’t take into account Italy’s problems with ECB and bonds rate rocketing up. As per the news, the rally started at 2 pm EST on news that Greece will receive the Read the rest of this entry »

Here is another trade I am going to take tomorrow. It is a butterfly on Disney (DIS) and the ideal landing spot to profit will be at or around per share, so expecting Disney to drop in price.

I entered the trade today night and it should open (if it meets my entry price) tomorrow Read the rest of this entry »

Here we go. What economists were saying all the time and the markets were successfully ignoring has happened this morning. As I wrote in my previous posts, the Italian bonds raised at 7.4% rate which is not sustainable for Italian economy to pay (Italy’s budget can afford paying Read the rest of this entry »

I adjusted my entry limit on Disney (DIS) trade due to gap down this morning.

The trade executed short after.

Happy Trading!
This is a post from: www.hellosuckers.net. If you want to know more about investing in stocks using Reverse Scale Strategy or my Portfolio performance visit Read the rest of this entry »

Today the market jumped up forming a triangle consolidation pattern after nice rally. We bounced off of the lows in October and had very wild and extended rally. Although I didn’t believe in this rally due to fundamental underlying data, this consolidation may change everything Read the rest of this entry »

Apple Inc.’s stock tumbled by more than 5%, before staging a late recovery – that’s how disappointed investors were when it was revealed that there won’t be any iPhone 5 at all, at least not this year. It had been 16 months since the previous iPhone hit the Read the rest of this entry »

Slightly more than a month ago when Steve Jobs resigned as Apple CEO, I wrote an article (read here) speculating, guessing, or whatever you wish to call it, that the legendary Steve Jobs could be dying. This evening, Apple Inc. founder and former CEO, Steve Jobs, 56, has passed away. Read the rest of this entry »

The world remembers and mourns Steve Jobs, in a huge waves, and it would probably hit some smashing records with leaders around the world expressed their condolences and gratitude over Facebook, Twitter and media. It was simply mind-boggling judging by the massive outpouring of tributes. Read the rest of this entry »

MCA, one of the three major component political parties of the ruling coalition in Malaysia, is dying. The party, led by President Chua Soi Lek, had been trying thousands of methods to win the hearts of the young voters but in vain, had resorted to the extreme measure not tried before Read the rest of this entry »

Apple’s much awaited iOS 5 is finally here and the passing away of Steve Jobs is still being felt especially when you think about the iCloud thingy (Steve is up there somewhere in the clouds). This is a major iOS upgrade since Steve’s passing so naturally iPhone, iPod Read the rest of this entry »