Million Dollar Portfolio Challenge: Trades of the Day
By: Giovanny Moreano | Quantitative Analyst
Nearly 1.2 billion shares and $14 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has more than doubled his money making over $333,000 since currency trading began. Check out Sue Herrera'scurrency tips here and for daily currency updates, go tohttp://www.cnbc.com/id/22618039 .
Contest Widely Helds and Actives:
The top currency traderis currently among the top 5 participants in the contest.
Although the most actively traded currency pairsare the EUR/USD, USD/JPY, and GBP/USD, contestants continue betting on the USD/CHF, as well as the GBP/JPY
Investors will closely follow Fed Chairman Bernanke's viewson monetary policy and the overall outlook of the economy during the semiannual monetary policy in Washington today at 10aET.
The euro hit an all-time high of $1.6036 per US dollar Tuesday morning ahead of Fed Chairman Bernanke's testimony
Any unlikely signsthat the Federal Reserve might tighten its monetary policy could be bullish for the US dollar.
Sirius Satellite Radiocontinues to lead in the Widely Helds, followed by Raid Aid (RAD)
Ambac Financial maintains its top spot in the Most Actives, closely followed by Washington Mutual (WM), Sirius (SIRI), Freddie Mac (FRE), and Level 3 Communications (LVLT)
Industrialsrepresent 35% of the top Widely Helds, with Financialsat 25%
- Canadian Solarif you bought on Friday before 4pET and held/sold on Monday, you made 18.49%
- Republic Services if you bought on Friday before 4pET and held/sold on Monday, you made 13.84%
- Silver Standard Resources if you bought on Friday before 4pET and held/sold on Monday, you made 8.35%
- Goldcorp if you bought on Friday before 4pET and held/sold on Monday, you made 5.74%
Sample of Losing Trades from the Leaderboard: Dominated by Airlines & Financials
- US Airwaysif you bought on Friday before 4pET and held/sold on Monday, you lost -12.39%
- Continental Airlinesif you bought on Friday before 4pET and held/sold on Monday, you lost -7.42%
- PacWest Bancorpif you bought on Friday before 4pET and held/sold on Monday, you lost -9.46%
Blue Coat Systemsif you bought on Friday before 4pET and held/sold on Monday, you lost -6.57%
Bets for today (July 15th): Dominated by Energy, Precious Metals, and Fertilizer Producers
GMX Resources
James River Coal
Washington Mutual
Rangold Resources
Royal Gold
Mosaic
CF Industries
UAL Corp
Elan
It's not too late to get started. You can still get in the game to win the grand prize or one of these greatweekly prizes . Click here to play.
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Sample of Top Trades in the Leaderboard:












