16.04.201215:14 Forex Analysis & Reviews: Stocks in focus for April 16, 2012

For intraday trading it is recommended co consider the shares of the following companies: Citigroup, JPMorgan Chase, Walt Disney. The banking sector began the publication of news releases. On Friday the market indicated the strong movements amid surveys of such giants as JPMorgan Chase, Wells Fargo. Today the news release from Citigroup is expected to appear, so the shares of this company are considered above all with earnings of $1 per share. It is necessary to take into account that the contradiction to the forecast can lead to significant changes either in the whole financial sector or on the whole stock market, that is the reason why we should pay attention to the levels of the company. Shares of the next company are to be considered as mutually correlated. The shares of the third company should be taken into account in order to diversify risks. That is the reason why this particular sector was chosen. It is necessary to mention the 42.15 level at which I could observe sales basing on the Time & Sales. Therefore, it is recommended to start trading from this level.