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Archive for November 23rd, 2011

Posted by Martin November 23, 2011

ACE failed as a buy candidate

As I expected ACE failed as a bullish trade candidate. It didn’t hold and fell below 50 day MA along with other potential trades I mentioned in my last post. Partially it is due to a sharp sell off in the market. Thus I considered those trades as potential candidates and not a buy candidate. Continue reading →

Posted by Martin November 23, 2011

Germany is seeing debt crisis problems

On Wednesday Germany offered a new set of 10-year bonds on Wednesday’s auction for about 6 billion Eur. Due to lack of interest from investors, almost 3/4 of of the offer wasn’t sold. One reason could be the upcoming holiday here in the US so the volume was low overall. However as Reuters mentioned this Continue reading →