Trade Alert – New Position – XOM
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Stocks
Trade Alert – New Position – MSFT
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Shanghai meat supplier for McDonald, KFC suspended
Earlier on Sunday the administration had ordered that all meat products supplied by Shanghai Husi Food Co., Ltd should be taken off shelf for safety concerns.
Positions Update
Happy Friday Everyday This week we saw a nice swing up in the beginning of the week and then downward on global tension in Israel and concerns over the tragedy of the downed plane in the Ukraine. Our prayers and thoughts are with those families effected by this horrible tragedy.
China Premier GDP growth of 7.5% in range
Chinese Premier Li Keqiang has reiterated “quality” as the mainspring of China’s growth, saying that quality growth, whether slightly higher or lower than 7.5 percent, will be acceptable.
Volume & big draw in inventories combine to help oil futures
Crude oil futures finally managed to find some bullish momentum today, courtesy of the oil inventories from Cushing, which helped oil to reclaim the $100 per barrel level, to currently trade at the time of writing at $101.26 per barrel.
Trade Alert – New Position – BIDU
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Amazon Stock Price Breaks Out on Excellent Volume
Yesterday’s strong gains for equity markets around the world, and the US markets in particular, helped to add further bullish momentum to Amazon. Following Friday’s breakout from the recent congestion phase, the stock is now looking to build further on the substantial platform of support between $320 to the downside and $337 to the upside.
Trade Alert – New Position – AMD
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BRICS Seeks New Paths to Develop
President Xi Jinping is preparing to attend the BRICS summit as the group is generating new initiatives amid slowing economic growth, observers said.