The Action-reaction pinbar signalled a reversal and the Euro drops quickly. The EUR will still continue further but most probably be a short one as Euro still looks bullish long-term if it doesn't break down. The Aussie also looking bearish but will be unpredictable for the moment.
Apple broke down from its support. Is it time to short this stock?
I'll be looking out for bargains like this stock Alcoa Inc. which is the world's leading aluminum producer and is an indicator for economic growth especially China. Although its forecast for aluminum is not going to be good as China is slowing down, it looks good in terms of price.
Noble group is hitting resistance, but I'm long term bullish on commodity companies as their prices were hit very badly this year making them a good bargain.
