March 24, 2020 Markets are Turning?

Markets seem to have hit bottom while waiting for the US $2T stimulus package. My thoughts are once the package is approved, the markets will go wild and start trending upwards again.

A couple of stocks I am looking at:
MSFT - I am thinking of going big on this with my current strategy of buying the cheapest calls with the farthest expiration. I think MSFT will be least hit by the Covid crisis because the world runs on Microsoft. Everyone uses it and will resume consuming their products once we are back to normal.

MA - Looking at the overall chart of MA, it has weathered the past corrections very smoothly. Even the overall chart is very smooth. I think MA will be back to 360 in no time. I will also use the same strategy above to trade this.

NZDUSD is Up and Roaring

NZDUSD is up again. What can I say, Yahoo! Or in the Philippines it is Yehey!

NZDUSD is Down

The NZDUSD is down but a doji is formed on the last candle. If my last trade is not so close to the current price I would have got into another trade. I think the NZDUSD is still in a bull run so this is a great opportunity again to buy.

I read that NZ got some bad economic news last friday but for the 6 months or so I have not been looking at the news and I got better results. And by not minding the news so much I get less emotional on my trades.

Less emotion means less stress.

I want to have a New Look!

Not me, its my blog. I want to give it a new look. I feel that it is too crowded and has a lot of ads.

I looked up a template at btemplates.com and got the Ibizpress. I am going to try it and see.

I feel that even though I think may have already optimized this blog then end effect is it looks cramped.

I may have to risked what I have already done before to the layout and start over with a nice clean look.

After this post you are going to see a the new look.

Insurance for Bloggers

I just read from this news article from Bloomberg that bloggers and micro-bloggers now face getting lawsuits from their posts.

Gives me the shivers. I should be very extra careful on my posts from now on.

The Jademaster

I remember this story from "The New Market Wizards" by Jack Schwager as I was thinking about how I traded lately. I would not say that I am now a seasoned trader and will not make mistakes again but with the confidence I have lately I can say that I am the Jademaster. May the force be with us all.

One cold winter morning a young man walks five miles through the
snow. He knocks on the Jademaster's door.
The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young
man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to leam about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following
week the young man returns. The Jademaster presses another green stone into the young man's hand and
continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass.
The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the
kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade."
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out
about the markets. I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and
options. I want to make big money. You tell me a fable about Jade. What is this? You ..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window,
ED SEYKOTA

First Solar (FSLR) is Blazing Hot

I do not trade US stocks not because I do not want to but because I just don't have the capability to. Last week I told my sister about First Solar (FSLR), I said that this company looks interesting to trade because they have invented a new way to create solar cells that would make the solar power generation costs equal or cheaper than oil and gas electric plants.

Since then FSLR has jumped like more than $1 a day. now it is trading at $154. I see more rise in this as they will probably get more orders from their new and cheap thin-film solar cells. They recently got a billion dollar order from China.

Inviting All Forex Bloggers

I would like to invite people who love to write about forex trading. Just post a comment or send me an email if you are interested.

Unemplyment is Up in Most US States

Whoever said that the worst is over. Unemployment is still up in most states in the US with a highest of 15% in Michigan.

Help Me Buy My Iphone, Iphone Fund Launch

I am launching my Iphone fund today.

I have renamed my toolbar on the right my Iphone Fund. I am kindly requesting all the charitable people in the forex world to spare me some of your Paypal cents to help me buy my Iphone.

If everyone would like to know why I am obsessed with the Iphone, here is why. I made a post long time ago about forex trading on an Iphone. Everytime I check my Google Analytics, that post has always brought me the most visits. It has still been bringing me site visit from Google search up to now.

But up to now I still have not gotten an Iphone yet. It is not that my obsession for it has waned but it is still not available in the country where I live. I am an expat in a country that is so technologically advanced that they can live without the Iphone. In fact an Iphone would probably be just low-tech compared with the phones that they have here. Still I would not exchange it for any of their high-tech phones.

Anyways I may still have to dream and salivate about Iphone until I can move to another country that worships the Iphone.

Your cents will be appreciated. Dollars will not be bad also.

Cheers! Happy Trading!