Archive for February, 2009

Grail scenario apparent … FTSE 100

The last session report flagged by Tradestars’ Grail indicates the Footsie 100 may be about to resume its sinking direction. If the market drops down thru 3760.7 open a short position. On the other hand if prices force up thru 3,948.20 you should regard this possible trade as canned. A stoploss of 187.5000 points should protect you. The better location for a swing trade stop would be

Grail Short probability arises – Dow 30

The latest indication suggested by the Grail (tradestars.com version) is that the Dow Index may be about to resume its downside thrust. If price falls down thru 6952.06 go Short (sell). However if price shoots up thru 7,451.13 you should regard this possible trade as canned. A standard stoploss of 499.0700 points should protect you. The better location for a swing trade stop would be

Wall Street slides after Citigroup-government deal (AP)

Specialist Glenn Carell, left, works his post on the trading floor of the New York Stock Exchange Friday, Feb. 27, 2009  (AP Photo/David Karp)AP – Wall Street ended another unforgiving month with a steep loss ? one that left the Dow Jones industrial average at less than half its record high.

Roubini: Fully Nationalizing Citi and Bank of America Would Be Better

Friday’s announcement the government will convert up to $25 billion of its Citigroup preferred stock into common equity represents Uncle Sam’s third direct attempt to rescue the floundering bank.The conversion would give the government up to 36% control o

How the Dow Jones industrials fared Friday (AP)

Specialist Michael Sollitto works on the floor of the New York Stock Exchange Monday, March 2, 2009. The Dow Jones industrial average plummeted below 7,000 at the opening bell and kept driving lower all day, finishing at 6,673 ? a loss of nearly 300 points. Each of the 30 stocks in the index lost value for the day.(AP Photo/Richard Drew)AP – Wall Street ended another unforgiving month with a steep loss after a spate of downbeat news unsettled investors.