Oxen Group Nightly - August 3, 2011 - Stock Market Recap
Oxen Group Nightly - July 13, 2011 - Stock Market Recap
Welcome to my verry first blogpost,
Let me go over some levels of my favoriete stocks for april 5
Notice al this levels are scalp levels not swingtrades !
My methode on this levels is look for a profit of 10-15 cent on the 1/2 of my position and look for a but more on the other 1/2 postion with a break eaven stop in place!
Levels for CVX:
Wells Fargo & Co.(NYSE:WFC) is struggling this morning to catch a meaningful bid higher despite the large stock market advance. This tells us that Wells Fargo stock is weak relative to the major stock indexes. Scalp traders can watch the $31.40 area as intra-day support and a likely bounce level for the stock.
USO Options Trade Setting UP.....High Altitude Bombing in Crude Oil
The Euro wavered from up a few pips to down a few pips most of the New York session as very limited news changed hands. Last night Greece concluded a successful 6-month and 52 week T-Bill auction. Demand was strong and the bid-to-cover impressive. Interest rates were high, but better than they were last week. Traders are now waiting for the next move by Greece.
Dollar Trades Flat after Mid-Session Euro Sell-off
The U.S. Dollar had a choppy, directionless day. The lack of event risk was likely the main reason for this as well as the easing of the Greek fiscal crisis. Trading could continue in a similar manner over the next few days because the first major report, Weekly Jobless Claims, is not due out until Thursday. This will be followed by the Retail Sales Report on Friday.