InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • QE Euro Style 0 comments
    Aug 5, 2011 1:46 PM | about stocks: UUP, UDN, DGP, AGQ
    The European Central Bank(ECB) just announced that they will begin there own version of quantitative easing. The central bank said that they will buy Spanish and Italian bonds going forward. This news just spiked the S&P 500 Index. The SPDR S&P 500 Trust (NYSE:SPY) just bounced higher by more than three points in less than an hour. Traders should watch for short term resistance on the SPY around the $121.80 area.

    Many traders have jumped into gold and silver on the news. The SPDR Gold Shares (NYSE:GLD) are now trading higher by 0.91 cents to $161.58 a share. Traders should watch for intra-day resistance around the $162.40 area if the GLD starts to run.

    This is a very fast market right now as the major stock indexes are extremely sensitive to the news report out of Europe. The U.S. Dollar Index has also plunged lower helping to inflate and resuscitate the stock indexes. Expect more volatility as the day goes on.


    Nicholas Santiago
    InTheMoneyStocks.com
    Stocks: UUP, UDN, DGP, AGQ
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart.... http://bit.ly/YelpChart
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock. http://bit.ly/WMTAlert
    Apr 10, 2015
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.