Archive for December 2008

No Touch Trade – BP Shares

Monday, December 22nd, 2008

Oil prices are now close to their historical average and have been falling steadily since their peak this year. If a bottom were to be found, it could be around the $30 marker based on historical price action. Despite the dramatic drop in the price of oil, oil majors such as BP have held up reasonably well of late. If oil were to steady no lower than $30, BPs share price could hold above the £5.00 level for some time. A no touch trade predicting that BP wont touch £4.60 at any time in the next 60 days could return 108%.

No Touch Trade – Euros to Pounds

Wednesday, December 17th, 2008

Last week, Sterling took a beating against the Euro, but the European economy isn’t exactly a bed of roses outside of Germany and France. Arguably interest rates in Europe have further to fall than those from the UK. EUR/ GBP have moved incredibly quickly over the last month, but there could be a period of congestion to come. A no touch trade predicting that the EUR/ GBP won’t touch 0.9200 at any time during the next 60 days could return 121%.

One Touch Trade – S&P 500

Monday, December 8th, 2008

Good morning and welcome to my suggested weekly trade for those of you who trade using financial fixed odds trading.When markets go up on bad news, it can be a positive sign that buyers are willing to step in and take control. Friday’s rally brought the S&P 500 just shy of 900 and while a rally from here is very possible, there may be some overhead resistance above 900. A one touch trade predicting that the S&P 500 will touch 899 at any time during the next 9 days could return 15%.

Double Touch – S&P 500

Tuesday, December 2nd, 2008

My weekly suggested trade this week is a double touch on the S&P 500.

Although last weeks rally was impressive, and there are tangible signs of a volatility decreasing, it is highly unlikely that it will be plain sailing from here. Were still in bear market territory, so pullbacks after rallies such as we saw last week are quite likely. In the short term, the market could pull back next week, December stands a good chance of finishing higher as a whole. A double touch returns a profit, if both a higher and lower target are hit within the timeframe. A double touch on the S&P500, predicting that it will touch 880 and 950 in the next 29 days, could return 192%.