howd support at 25k looking at test recent highs again
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howd support at 25k looking at test recent highs again
Still a lot of nervousness in the market. Despite some places saying "buy now" (meaning 'we need someone to sell to'), many larger investment houses are tending to a more cautious approach.
https://www.ccn.com/while-dow-surges...k-market-bluff
Suppose this means the next few weeks not going to be that good
@charliebilello
On Dec 24, only 1% of stocks in the S&P 500 closed above their 50-day moving avg, one of the most extreme oversold levels in history.
After an 18% vertical rally over the last 8 weeks, that number now stands at 92%, one of the most extreme overbought levels in history.
Speaking of Black Monday. On Soho there is a new series titled Black Monday. I have seen the first 2 episodes. Very funny!
https://www.sky.co.nz/-/ep_soho_black-monday_jan19
Out with the blue blood, in with the new blood.
This manic comedy takes us back to October 19, 1987 – aka Black Monday, the worst stock market crash in the history of Wall Street. To this day, no one knows who caused it … until now. It’s the story of how a group of outsiders took on the blue-blood, old-boys club of Wall Street and ended up crashing the world’s largest financial system, a Lamborghini limousine, Don Henley’s birthday party and the glass ceiling.
Starring Don Cheadle (Avengers: Infinity War), Andrew Rannells (Girls), Regina Hall (Insecure), Paul Scheer (Veep), Carey Wilson (Gone Girl), Eugene Cordero (The Good Place), Michael James Scott and Kadeem Hardison (Cult).
Looks like the Fed have backed down on the rate hikes for now and the markets have taken it for what its worth and rallied off the back off it..
I won't be that surprised if the market is brought back down to earth after all this off something else happening. The volatility is just rising, and in between all that will be buying opportunities.
totally agree , be nimble theres opportunity for trading and theres income from utilities
So, in summary, investors controlling somewhere in the region of $US100 trillion in assets are at best cautious, at worst outright bearish, on the state of global growth and they are more concerned about the return of their capital than the return on it
https://thewest.com.au/business/economics/boring-bonds-crucial-to-global-growth-ng-b881106790z
https://www.asiatimes.com/2019/02/ar...a-trade-talks/
suggests trump will fold in negotiations instead of looking at the big picture