MARKET CLICK – MONDAY, JAN 23 2012

MARKET CLICK – MONDAY, JAN 23 2012

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Congratulations to last week’s winners

Greece Default and Iran Sanction Fears to Set Trade Trends

EUR/USD fell 0.3% on news that the latest offer by Greek bondholders is their maximum offer. The IMF will now decide whether to accept a deal regarding Greece’s debt. Fear of Greek default continues.

Oil continues to dip but continued threats of sanctions against Iran could start pushing prices back up. If Iran does in fact close the Strait of Hormuz, investors believe future prices could rise as much as $40/barrel.

Investors will likely continue to take advantage of Gold’s sharp climbs and falls to profit short term, but for the long term, Gold continues to be the safe haven for investors against unstable and volatile currencies around the world.

Google dropped -53.58 points in one day amid lower than expected earnings. However the company outlook for 2012 is strong so expect investors to take advantage of cheaper prices to buy back shares this week.

ASSET	CHANGE	LAST	TREND	PLATFORM
NIKKEI	+ 5.44	8,771.80	UP	HIGH/LOW
S&P 500	+ 0.88	1,315.38	UP	HIGH/LOW
NASDAQ	- 1.63	2,786.70	DOWN	HIGH/LOW
GOLD	+ 7.50	$1,671.50	UP	HIGH/LOW
OIL	- 0.39	$97.94	DOWN	HIGH/LOW
EUR/USD	- 0.003	$1.290	DOWN	HIGH/LOW
USD/JPY	+ 0.12	77.04	UP	HIGH/LOW
DOW	+ 96.50	12,720.48	UP	HIGH/LOW
GOOG	+ 0.26	585.99	UP	HIGH/LOW

How will you profit this week at OptionsClick?

WHAT SHOULD I TRADE? GOOG, GOLD, OIL, EUR/USD

WHAT ARE THE TRENDS? EU news will again lead trends. Look specifically for IMF announcements regarding Greece’s recent offer to avoid default.

WHAT PLATFORM SHOULD I USE? Use the HIGH/LOW platform for best results this week.

WHAT ELSE SHOULD I KNOW? US State of the Union address, US earnings reports and US jobs reports will be the motivation for mid to late week trading in the US.