Tuesday, March 4, 2014
The USD/RUB spiked when reports came in Russia had invaded the Ukraine. Traders and investors dumped the Ruble. As soon as there was news the Russian troops would back down, the Ruble gained strength again against the USD. The worse the situation gets in the Ukraine, the stronger the USD/RUB will react. The opposite is true as well, if things start to settle in the Ukraine it's likely that you will see a stronger Russian Ruble. So, the better or worse the news, the stronger the market's reaction. Well see how this plays out. I think the main indicator during this fiasco is the USD/RUB. Keep an eye on this pair if you want to jump into any trades involving Russia. Normally, this is a pretty volatile pair, but a geopolitical issue like this may make this an easy trade. I think (hope) that Russia won't escalate this matter any further, especially after reports came out that Russian troops were pulling back. Therefore I'm short the USD/RUB (36.400), and see the pair trading around 'normal' levels (34 / 35 range) again soon. Consequently, I'm bullish on the RSX ETF, though I haven't made a final trade since this ETF is not as quickly to respond to major events in Russia, unlike foreign exchange. For a list of Russian ETF's, take look here.
Friday, February 7, 2014
Wednesday, January 29, 2014
|Image used with permission from Pixabay.|
Saturday, January 25, 2014
Monday, January 20, 2014
Sunday, January 12, 2014
Tuesday, January 7, 2014
So far the best stock watchlist I came across is from Bloomberg. Registering is free and very easy (especially with facebook connect). You can quickly add stocks to the list, even if you don't remember the ticker symbol, thanks to the 'auto complete' feature.
|Example of Bloomberg's stock watchlist|
There are also others like Yahoo, Google and MSN Money where you can create a watchlist, but I found them to be a little cluttered, though they do have an option where you can also see the news about the company on the list. However, 'news' isn't always a good thing (since it's usually delayed).
Checking your stock list frequently may help you become a better stock trader. You might discover certain price patterns, or be reminded of stocks (opportunities) that you may have otherwise forgotten. You can add stocks to the list that you don't really want in your portfolio right this second, but maybe at a later time. Of course the advantage of an online watchlist is of course that you can check it online anywhere you are. You can also put stocks on the list that you would've bought if it were an actual portfolio (like a stock trading simulator), Bloomberg's online stock trading watchlist is ideal for that because of its 'Holdings' feature, which allows you to enter a price for which you would've bought or sold a stock.
Go create your own watchlist on Bloomberg here.
All opinions expressed, trade recommendations/advice on this website are solely of John van der Munnik and are not affiliated with any investment firm or any other organization. You should not make an investment only based using this website VDM Trading for your trading needs without seeking help from your own financial advisor.