Thursday, July 03, 2014

TRADE IDEAS FOR THURSDAY, JULY 3 2014

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I like NUS and CTSH for swing possibilities despite half day and long weekend. Other charts without trading plans are several ideas that could be interesting, especially for Monday. I think that CCL have room to see $37-36.50 area and I like it on new low and with stop above 20sma 60 min. Also I like JEC daily consolidation at low. It will be best if it will wait next week and in case that it will break down today I would use 15 min base for trading plan. Last short idea is DOW and daily correction from 50sma support area after selling wave. 
For official call with trading plan I like NUS as short because of monthly continuation pattern and weekly base. I will look for run to $60-57.50 area and I believe that we will stay in several weeks if it looks good. For CTSH long trade I like also weekly small range bar and odds for monthly 10sma bounce and back to previous high which will be target area. For trading plan I used yesterday high/low numbers.

SHORT NUS
Trading plan: 
Entry: $72.15 
Exit: $74.10 
Target area: $60-55 
Type: swing trade

LONG CTSH
Trading plan: 
Entry: $50.10 
Exit: $49.40 
Target area: $52.50-53 area 
Type: swing trade
SHORT CCL



SHORT JEC



SHORT DOW



TRADE IDEAS FOR WEEK OF JUNE 30, 2014

LONG CXW



LONG ARG



LONG DTV



LONG OMC




STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS, OR EVEN WORSE HAVE NO TRADING PLAN OR NO STOPS IN PLACE, YOU WILL UNDOUBTEDLY LOSE ALL YOUR MONEY. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES.
EXTREME CAUTION IS ADVISED.


Emerging Market Stocks and Islamic Extremism

By By Mark Galasiewski, editor of Elliott Wave International's monthly Asian-Pacific Financial Forecast
We have for many years observed a relationship between extremism and bear markets in the stock markets of Muslim nations. As with other large-degree Islamic terrorist attacks, these most recent attacks appear to have marked the end of a significant correction in emerging markets overall, including emerging Asian markets. Read more.

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