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world stock market, trading strategy
Greetings,
The markets surged upward last week with the exception of Friday due to a little profit taking. All of the sudden the momentum and market sentiment seem to be a little different from recent months. Oil prices seem to be softening and supplies seem to be out pacing demand. Tech stocks seem to be gaining a little momentum and the dollar is rallying. It makes you think the worst is behind and now is the time the market may gain momentum and build upon itself. I say that cautiously because, as we all know, next week may seem like the world is coming to an end.
With the oil markets showing signs of softening I decided to exit out of my XOM position with a small profit. My initial buy notice went out at $54.40 per share, but after my required wait period for members to receive the notice I was actually filled at $54.22 due to the stock falling. My sell notice went out at $54.75 limit price and I was actually filled at $54.82 per share for a gain sixty cents. As you may know some of the members not only receive email notices but, also automated phone notification which usually takes a couple of minutes to execute. Once this executes I then place my order, sometimes this works for me and sometimes against me. At any rate it's completely up to the members to decide as to whether they want to do a similar trade or not based on where the market price is and the risk associated. As you may know my goal is to show you how and what I'm trading so that you may learn from my successes and failures, not to serve as a personal financial advisor.
Next week's potential market driver is the release of the Federal Reserves minutes from their May 3 meeting. The minutes will be looked at carefully for insight into inflation and interest rate issues. These minutes will be released on Tuesday. Hopefully, the markets will interpret the minutes positively and if so they will push the markets further up. If inflation and interest rates appear to be under control and oil continues it's slide we could see a major leg up for the market barring any unforeseen negative. We'll see soon enough. In the meantime, I'll continue to look for other opportunities that the market has to offer.
Have a good week,
Anthony
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[Customer Service: www.InvestBilling.com]
These notices of Anthony Myers' trading ideas are intended to provide opinions about and analysis of the mentioned stock(s). They are not intended to provide personalized investment advice. DO NOT EMAIL ANTHONY MYERS SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Anthony Myers is the commentator for AEM Investment Company, LLP. Online Investment Services, LP. is a publisher (via InvestmentHouse.com), and neither Online Investment Services, LP, InvestmentHouse.com, nor Mr. Myers is registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. From time to time, Mr. Myers may write about stocks in which he has a position. In such cases, appropriate disclosure is made. Mr. Myers statements represent his own opinions and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction, investment strategy is suitable for any specific person. You further understand that Mr. Myers will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information provided may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. There is a very high degree of risk involved in trading. Losses can be significant. Past results are not indicative of future returns. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. By accessing this data and accepting emails from us, you agree to be bound by the Terms and Conditions of service and the Disclaimer as such may be amended from time to time.
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