Learn When to Trade in Indices

Going Short is pending.

The EU50 is moves in downtrend but now its moves near to critical level  3024.50 which is strong resistance.

I am waiting for good selling point so may i will achieve all target.

Average Time Frame for trading is 1-3 weeks.

Trend bias;- Downtrend and bullish butterfly

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Tense OPEC calls for unscheduled meeting

The oil cartel announced plans on Monday to hold an unscheduled meeting late next month in Algeria. Non-OPEC member Russia, the world's largest oil producer, opened the door to joining the "informal" meeting.
All of this is fueling speculation that major oil producers could announce moves to stabilize oil prices, which recently fell back below $40 a barrel from over $50 two months ago. OPEC has been pumping oil at a ferocious pace the last two years, aiming to steal back market share from the U.S.
Confirmation of an OPEC meeting, to be held on September 26 to September 28, was enough to send oil prices soaring 3% on Monday to $43 a barrel.

Mohammed Bin Saleh Al-Sada, the president of OPEC and Qatar's energy minister, insists that the oil price slump is "only temporary" and the market remains on track to recover.
Yet the formal announcement of the informal meeting underscores the precarious situation facing many countries that rely on oil to keep their economies afloat.
Venezuela, the leader in proven oil reserves, could run out of cash within a year and is dealing with a serious food shortage.
Even Saudi Arabia, the powerful leader of OPEC, has been forced to usher in severe budget cuts that have resulted in a wave of job cuts. Last week, India was forced to come to the rescue of thousands of its starving citizens in Saudi Arabia who lost their jobs and were stuck in migrant camps with poor conditions.
Russia's economy has been hit by a double whammy of cheap oil and sanctions from the West. Russia has even cut its defense spending despite tensions with the West.
Yet Alexander Novak, Russia's energy minister, said he doesn't think the "prerequisites" for a production freeze are there yet, according to Russian news agency Sputnik. However, Novak said a freeze could be needed if prices fall further and he signaled a willingness to discuss the matter in Algeria with Saudi Arabia.
Renewed signs of cooperation among oil producers are "indicative of the significant pressure some of the producers are under in terms of their economies," research firm JBC Energy wrote in a report on Monday.

Gold is glittering ... and may soar if Trump wins

Athletes are about to go for the gold in Rio. But investors have been already doing that all year long.

Gold prices are up nearly 30% this year.
The yellow metal has been shining due to worries about the health of the global economy and continued concerns about the value of paper currencies in a world where interest rates around the world are extremely low -- and, in some cases, negative.
Gold often does well when investors are nervous. There's been an even more ferocious rally in some other precious metals.

Silver, for example, is up nearly 50% this year. At times of unease, a physical hunk of metal is something tangible that investors can hold and touch -- and help allay some fears about deflation, stagnant economic growth and political uncertainty.
Big-time investors like George Soros and Jeffrey Gundlach have been bullish on gold lately.
Some investors have been predicting that gold could even get back to all-time highs above $1,900 an ounce from 2011.
Gold still has a ways to go before it gets to those lofty levels again. It's currently trading at about $1,365.
Of course, if the current economic soft patch turns into something like 2008, then all bets are off. It's doubtful that gold or other metals could continue to thrive in a full-blown financial panic. Fortunately, few are predicting such a dire scenario.

Fed fines Goldman $36 million for leaking documents

The Federal Reserve fined Goldman Sachs $36.3 million on Wednesday for leaking confidential information from the central bank.

Fed officials are also going after a former managing director at Goldman, Joseph Jiampietro, seeking to permanently bar him from the banking industry after his team allegedly leaked Fed documents to clients and prospective clients.
The Fed also prohibits Goldman (GS) from rehiring Jiampietro or anyone else involved in the leak as an employee, consultant or contractor.
The case illustrated the "revolving door" between the Fed and the Wall Street banks it regulates. It started when a former New York Fed employee, Rohit Bansal, went to work at Goldman Sachs in 2014. He was assigned to advise a bank he used to regulate at the New York Fed. Soon after joining Goldman, Bansal started to receive leaked information about the bank from a former Fed colleague, Jason Gross.

Trump vows to outspend Clinton on roads, bridges

Donald Trump vows to spend twice as much as Hillary Clinton to fix America's roads, bridges and internet capacity.

"Nobody can build better than I can. Nobody knows construction better," Trump said Tuesday in an interview with Fox Business.
This isn't the first time Trump has promised he'll repair America's infrastructure, but now he's putting a dollar figure on just how much he thinks is needed.
Clinton's plan is for $275 billion to be spent over five years, a plan that experts across the political spectrum call her best economic idea, which will be a huge boost to the economy. Trump says he will do "at least double" that.
"You're going to really need more than [Clinton's plan]," Trump said on Tuesday. "We have bridges that are falling down."

Buffett: A monkey could outperform those who bet on Trump's stock

When it comes to investing in the stock market, Warren Buffett trusts a monkey to make a better pick than Donald Trump.


Buffett recently slammed Trump's business acumen, noting that when the billionaire listed his company on the stock market, it lost nearly all its value within a few years.

"People who believed in him, who listened to his siren song, came away losing well over 90 cents on the dollar. They got back less than a dime," Buffett said at a rally for Hillary Clinton Monday. "In 1995, when he offered this company, if a monkey had thrown a dart at the stock page, the monkey on average would have made 150%."
Trump Hotels & Casino Resorts raised $140 million in its initial public offering in 1995. It was listed on the New York Stock Exchange under Trump's initials, DJT. It owned and operated Trump Plaza Hotel and Casino and several other Trump casinos in Atlantic City, as well as a riverboat casino in Indiana.

The company was a perennial money-loser. It was in the red for four of the five years before it went public. After the IPO, it lost $637 million through 2004, when it declared bankruptcy.

It was reorganized into Trump Entertainment Resorts in 2005, listing on the Nasdaq as TRMP and declaring bankruptcy again in 2009. The company lost nearly $2 billion from mid-2005 through mid-2010, when it reorganized yet again. In its final annual 10-K filing, it cited increased competition in and around Atlantic City, as well as the economic downturn as challenges.
The bankruptcy court closed the case in 2012, and the company de-registered its stock the following year.
As an investment, Trump Hotels & Casino Resorts was a big loser. After rising for the first year, the share price fell below its $14 offering price and became a penny stock in 2004. It ended at $1.60 in May 2005, when the company underwent its first reorganization.
Trump Entertainment Resorts suffered a similar fate on the Nasdaq. It opened at $14 in May 2005, rose initially and then fell below a buck in October 2008. It was essentially worthless by the time the company reorganized again in July 2010.

Amazon, Facebook race past Buffett's Berkshire

For the first time ever, Facebook (FB, Tech30) and Amazon (AMZN, Tech30) are now each worth more than Buffett's Berkshire Hathaway (BRKB).

Amazon's market value has soared to $360 billion, surpassing Berkshire as the fifth-biggest U.S. company. Facebook, fueled by another dose of blockbuster earnings, is not far behind Amazon with a market valuation of $357 billion.

Berkshire has dropped to seventh-place, with a market value of $356 billion. The conglomerate led by the legendary Buffett was also briefly surpassed by Facebook in January and Amazon in early July before rebounding.

So which companies are now ahead of Facebook and Amazon in market value? They're both gaining serious ground on ExxonMobil (XOM), whose market cap shrunk to $366 billion on Friday due to a crash in profits.

But Facebook and Amazon need to string together more stellar quarters before they can catch up to America's three most valued companies: Microsoft (MSFT, Tech30) ($439 billion), Google owner Alphabet (GOOGL, Tech30) ($519 billion) and Apple (AAPL, Tech30) ($562 billion).

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