There is a lot of action ahead for this week. The key will be staying with the market trend and carefully watching for any breaks to the downside. The volatility between the Euro and the Dollar is not going away but too many analysts are calling for the Euro to fall to 85 cents versus the US Dollar, in my opinion. I think parity is a very real possibility but I find it rare when all the analysts are right. This week though I am expecting the Euro to fall further.
The other item to be aware of is the distinct possibility that oil will fall to $40, before it rebounds to $50. That certainly seems to be the outlook for most analysts at the present time and for the first time, they could be right.
The rest of this strategy article is for USA members.
Key Levels and Trade Ideas For The Third Week Of March – Investing Strategy Notes for the Week Ahead
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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