Skip to main content

Heavy falls on Wall Street

To trade and invest profitably you need a plan ? a plan to maximise profits and minimise risk. Without a plan even the most experienced traders can be caught unawares and risk their trading capital unnecessarily.

In today's uncertain markets, a sound strategy is more important than ever. There are abundant opportunities for profit, but taking advantage will require a clear and disciplined approach. With this complimentary publication, you will learn how professional traders plan profitable moves in all market conditions.

The most famous investor of all time, Warren Buffet, once said:

"The stock market is a mechanism for transferring money
from the impatient to the patient"

What the grandfather of investing is telling you is to keep a cool head and be confident in your investment convictions.

  • Metals all up overnight – Zinc up 3.48%, Nickel up 3.17% and Copper up 2.70%. Aluminium up 0.48%.
  • Oil price up 17.8% or $18.56 to $122.61 – it spiked more than $25 at one stage – breaking the record for the biggest one-day gain.
  • Gold up $44.50 or 5.1% to $909

Resources, gold, oil and energy sectors should be the focus of your investments. In the past week alone, we have seen:

  • A massive $US70 increase in the gold price overnight
  • The oil price spike back through $US100/barrel for an incredible $25 upside move
  • The largest one day move in Reuters/Jeffries CRB commodity index since 1956...

Our market is struggling today – down 85 or 1.7% - after heavy falls on Wall Street. Property doing most of the damage, down 4.8%, Financials down 2.8% and resources struggling falling 1.5% today after a big day of gains yesterday.

The Dow Jones had a shocker overnight – down 372 - Up 6 at best. Down 396 at worst. Steady descent all session – closed with downward momentum.

Nervousness and fear regarding the US$700bn bailout package caused the fall. Concerns are that it won’t stop a US recession. Political disputes as the bill passes through Congress lead to further insecurity.

US dollar had its biggest drop ever against the Euro, leading to the biggest single-session jump in the oil price in history.

Popular posts from this blog

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.