Thursday, September 8

Stocks to Buy?

Online Stock Trading - Stocks to Buy?

Are you looking for a good share tipster ? So are we. With this in mind we decided to take a look at the 'stocks to watch' for August and September from Jim Levi's stocks to watch column.

In July he singled out the following companies as being potentially rewarding investments for August - AQUARIUS PLATINUM, GREENKO GROUP, ECO ANIMAL HEALTH GROUP, ALLIED GOLD.

And here are the charts

AQP - 3 month chart

GKO - 3 month chart

EAH - 3 month chart

ALD - 2 month chart

August was not a good month for the stock markets it has to be said.
For September Jim Levi singled out

1 month chart

1 year chart

1 year chart

1 year chart

1 year chart

Personally, just looking at the charts and bearing in mind that I am a short term trader I don't fancy any of them. I steer clear of stocks that are trading below their 200 day moving average, so I would wait until they got back above it and have another look then.

Tipping stocks is a very difficult job, which is why I don't do it! One guy whose tips have impressed me over the years though is Robbie Burns - it's a pity he seems to be closing down his website (it used to be a hobby now it's taking up too much of his time, he is a trader after all)- but he does now have his books on how to make money trading shares for download for the Kindle at Amazon - a wise move given the way people are making milions from selling ebooks, got a novel gathering dust in your bottom drawer ? Then check out self-publishing via  ebooks.

Further reading - stock charts for beginners

Wednesday, September 7

Next Stock Market Move?

Online Stock Trading - Are the Stock Markets Bottoming?

Since the S+P fell back to around 1100 a few weeks back people have been wondering what's going on with the stock markets. There seems to be a fair amount of indecision in the air, plenty of traders are expecting another slump which never quite seems to materialize while others think the bottom has been put in and the markets are headed back up. Others think Europe is about to slip into the sea.

There is also a bear flag forming (a bearish sign) which will either break down soon or if not soon then in the next few weeks. Check out this video from oldschoolcharts in which he says we are trading in a channel and should head back up to around 1260 on the S+P over the next few days but after that head back down again, so the 1250 1260 range might be a good place for a short.

Mr old school charts is clear in his explanations, and his charts, although full of lines, are pretty easy to follow too. And we can see if he gets it right or not !

Stock charts are important and short-term traders keep a close eye on them. Investors, on the other hand, are not so worried about charts as they look for value over the long-term not short term swings. For more information about stock charts and why they are important see - stock charts for beginners

To download an inexpensive ebook on charting from Amazon check out - Charting and Technical Analysis

Saturday, September 3

Which Banks Being Sued by FHFA?

Stock Trading - Which Banks are Being Sued by FHFA?

See also the video below by Professor William H Black entitled the "The Great American Bank Robbery"

The FHFA (Federal Housing Finance Agency), acting as conservator for Fannie Mae and Freddie Mac in the USA, has filed lawsuits against seventeen financial institutions totalling $196 billlion, as well as some of their officers and unaffiliated lead underwriters, alleging violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities to the Enterprises.

Banks being sued
  • Ally Financial Inc. f/k/a GMAC, LLC ($6 billion)
  • Bank of America Corporation ($5 billion)
  • Barclays Bank PLC ($4.9 billion)
  • Citigroup, Inc ($3.5 billion)
  • Countrywide Financial Corporation ($26.6 billion, Countrywide was bought by Bank of America)
  • Credit Suisse Holdings (USA), Inc
  • Deutsche Bank AG ($14.2 billion)
  • First Horizon National Corporation ($883 million)
  • General Electric Company ($549 million)
  • Goldman Sachs & Co. ($11.1 billion)
  • HSBC North America Holdings, Inc. ($6.2 billion)
  • JPMorgan Chase & Co. ($33 billion)
  • Merrill Lynch & Co. / First Franklin Financial Corp. ($24.8 billion)
  • Morgan Stanley
  • Nomura Holding America Inc. ($2 billion)
  • The Royal Bank of Scotland Group PLC ($30.4 billion)
  • Société Générale ($1.3 billion)
US bank stocks fell sharply as the news emerged. Bank of America fell 8.3%, JP Morgan Chase fell 4.6%, Citigroup fell 5.3%, Goldman fell 4.5% and Morgan Stanley fell 5.7%. No doubt UK and German banks will fall on Monday. Is this what all the fuss was about when people were talking about rumors re. certain banks and why the banks have fallen sharply lately?