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vendredi 31 août 2012

The Play of The Day Bernanke Speach

No matter which company you own, want to own or sell, this morning speach will have a ripple effect on the stock market.

Looking at actual futures there is no way we will not feel the consequences of the speach and what it could reveal.

Also important that dollar index is showing a declining US dollar toward Canadian $ by almost half a cent and this is large by all means.

No matter what happen at it's 10am speach, you will be able to monitor in direct the impact of it by looking at actual Dow and S&P charts. Minutes by minutes the impact of whatever he will say will be reflected in terms of gains or losses on those indexs.

But what really matter is the kind of moves we will be able to do during this day and if a little bit of luck is added to the speach, well it will be fantastic for the usual stocks that i follow as they are more often highly volatile.

Whoever has some powder on the side ready to invest will have a great day if the fingers are as fast as Lucky Luke was shooting.

So my list of suspects for today is:

BZH  (Another nice run and ready to get back to 3,37)    

HOV (Huge run this year and ready to shoot higher or get hammered if bad news on the horizon)

RSH (Whatever good news customers can get to spend more (or less) will affect RSH highly) 

FBP( getting back on track to achieve the lowest side of my trading range)

Have a fantastic trading day and a nice long week-end

As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.

Get THE PLAY OF THE DAY on Twitter : @investman2

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