Monday Recovery and MACK stock pick

On late sunday/early monday we will be initiating a recovery play on EURUSD at any big dips after open. This should net quite a few pips quickly as institutions buy up the low levels.

We are also initiating a new stock pick. MACK (Merrimack Pharmaceuticals) with a new FDA approval for cancer, very undervalued and should prove to be a big earner in the coming long term. Alerting at 9.70.

Tuesday Stock Play

Taking a break from forex we look towards playing RXII (Rxii Pharmaceuticals) long, and some minor longs in MHR.

In addition, our long standing stock pick SLTD is finally gaining some traction again and should see more volume in the coming weeks.

Thursday Recovery Play

We called the GBPJPY trade quite accurately as it popped shortly after our release, however dollar weakness has brought it and many pairs sharply down yesterday and last night.

We are looking at a recovery play on USDJPY to take advantage of great gains as we approach oversold territory.

LONG USDJPY at 118

Honorable mentions to our newest stock pick ZN which is cruising up past $2.0 a share when we alerted at $1.6.

Tuesday Play

We're looking at a GBPJPY play for today as we've been waiting for a nice healthy drop to resume some strong bullish movement.

LONG GBPJPY at 182

Thursday Fed Minutes

No trades today for us in these ranging markets. However we do have another stock pick to add. 

ZN (Zion Oil and Gas Inc) Currently flat over the year, despite the decline of oil. This oil play is sure to excite as oil reaches back up to $50. This should be a long term play with dividends included.

We have a target price of $3.00 for this pick.

Wednesday Update

Great moves from EURUSD, and we are continuing this play for now as well as introducing a more speculative play, the GBPJPY reversal seems ready and a long buy looks attractive right now.

LONG GBPJPY at 183

 EURUSD has dropped down to strong support after big moves last week, we're jumping on here long for a steady upwards advance.

LONG EURUSD at 1.118

Week Overview

Successful plays this week here, with our earlier EURUSD trade and our USDJPY trade reaching up to 120.400 before sharply falling off. Profits should have been relatively easy to capture.

Huge movements in the markets today as friday continues. We will resume back on monday.