For FullyInformed USA Members here are my morning strategy notes for July 31 2014. The drop this morning started with the news of the default by Argentina along with “wage inflation” concerns. However the market has been in a decline mode for some time which is why I had bought the SDOW on July 30 in the morning.
For the TSX, the market was overbought for some time which is why the indicators kept pointing down. At the open this morning I bought the HXD and will write it up further later in the day.
I have already done a number of small trades this morning including in Kraft Stock. I am trading against those stocks with the strongest balance sheets but biggest drops. This morning’s comments cover off what I am doing at present. This promises to be a busy day.
The rest of this strategy article is for members.
Morning Investing Strategy Notes For July 31 2014
FullyInformed USA Members can login directly through this link to read the morning investing strategy notes for July 31 2014 or Members can sign in to the full USA members site here. Non-members can join here or read the benefits of being a member.
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)
Understanding Short-Term Signals
Market Direction Portfolio Trades (Members)