dow breaking out range , not sp500 yet though 2670 - 75 got the fed meeting shortly see what happens
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dow breaking out range , not sp500 yet though 2670 - 75 got the fed meeting shortly see what happens
Interest rates on hold USA mkts up 1.8-2% plus , Gold also up $US 1319 oz
Looks like they got their way ...Jerome falling into line
No , more a case of economic uncertainty, Hard brexit, The shutdown , Venezuela powder keg, Trade wars China etc.
With things slowing down, it's looking like the minimum wage increase will come at a really interesting time. I forecast that the mwi will either kick things back into action or be the straw that breaks the economy.
For me - some selling, not buying....
building cash at opportune exit points.
next few months quite critical from a technical perspective. I suspect weakness maybe even a strong fall esp in NZ market.
I dont wish it, but I am prepared for it (not shorting anything tho).
Monthly Economic Indicators from Treasury sort of say NZ economy doing pretty well at the moment
https://treasury.govt.nz/publication...uary-2019-html
for me its technical fear, not fundamental fear
sorry for crude drawing.
Attachment 10296
USA reporting season at the halfway mark.
71 % of companies beat earnings estimate
61% beat revenue estimates
6 out of 11 S&P sectors double digit profit growth
Not as good as same time last year though.
Im still building cash where possible but tempted by a few financial beat downs in aus now that the haynes report is out and things are not so bad.
breakout pattern still working