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  1. #1
    Administrator Martin Kay's Avatar

    Hot Tip from the Geek - SP500, Dax, FB weekly and monthly Expire - 25-31/03/2013 !!!

    Hi guys, The New Top Five Tips of the week from Michael are here! This week started with agreement between Cyprus and European Union which includes taxation on all deposits bigger than 100k EUR. Check Michael tips and find out the best trades for the week!

    SPX May Hit A New High This Week

    S&P 500
    Call/Put = Call
    Entry = below 1565
    Expiry= end of the week

    Germany Leading The EU

    DAX
    Call/Put = Call
    Entry = Below 8,000
    Expiration = End of the week

    Facebook Supported By New Deal

    Facebook
    Call/Put = Call
    Entry = Below $25.50
    Expiration = End of the week






  2. #2
    Senior Member linda_fx's Avatar
    SP500 is really a breaker this week. Highly possible to see new all time highs this week!

  3. #3
    Legendry Member Michael Hodges's Avatar
    The S&P is trying to push up higher today, 1550 is a good near term support, 1560 is resistance, a nice break above there should take the S&P to a new high. Let's see what happens.

  4. #4
    Veteran Member Ammeo's Avatar
    I have an eye on facebook, could be a gr8 trade for the week with high profit potential...its still in the undervalued state and l may see a 26/28 range at the end of the week...its standing on the 25.00 support level from last december and may a bounce from it...
    Last edited by Ammeo; 03-26-2013 at 05:35 PM.

  5. #5
    Specialist Member marvel's Avatar

    !!!

    Quote Originally Posted by Ammeo View Post
    I have an eye on facebook, could be a gr8 trade for the week with high profit potential...its still in the undervalued state and l may see a 26/28 range at the end of the week...its standing on the 25.00 support level from last december and may a bounce from it...
    FB is still under pressure this month but I agree with you Ammeo that we are close to see it bouncing probably not imediately but 25 is a good entry point for monthly calls. I will definitely buy such a call!

  6. #6
    Specialist Member RCox's Avatar
    Quote Originally Posted by Ammeo View Post
    I have an eye on facebook, could be a gr8 trade for the week with high profit potential...its still in the undervalued state and l may see a 26/28 range at the end of the week...its standing on the 25.00 support level from last december and may a bounce from it...

    Undervalued state? What are you basing this on?

    Short term fluctuations could go either way but saying its undervalued couldn't be farther from the truth.

  7. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by RCox View Post
    Undervalued state? What are you basing this on?

    Short term fluctuations could go either way but saying its undervalued couldn't be farther from the truth.
    Facebook valuation is highly questionable, it is the only one of its kind and has only been trading not even a year yet.....undervalued not sure about that but it does look good for a little bounce from here

  8. #8
    Active Member
    Very bullish you are Michael I hope this week all your trades will turn green again!

  9. #9
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Thomas01 View Post
    Very bullish you are Michael I hope this week all your trades will turn green again!
    They didnt all finish in the green but there were enough,

  10. #10
    Legendry Member milos's Avatar
    If S&P 500 is broken 1575 next resistance is 1615 and then 1685.
    Below 1569 S&P 500 goes down to 1550,1523,and strong support is 1473,then 1430

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