I prefer to stay with attractive consumer related stocks having their major uptrend intact. Commodity stocks also can give some moderate return when they have some technical rebound.
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I prefer to stay with attractive consumer related stocks having their major uptrend intact. Commodity stocks also can give some moderate return when they have some technical rebound.
Percentage Gain / Loss
SP High SP Now $ + / - % + / -DOW $18351.000 $15973.000 -$2378.000 -13%S&P500 13 Feb $2134.000 $1864.000 -$270.000 -13%NASDAQ 13 Feb $5231.000 $4337.000 -$894.000 -17%NYSE 13 Feb $11254.000 $9029.000 -$2225.000 -20%Russell 2000 13 Feb $12.960 $9.537 -$3.423 -26%Shanghai 13 Feb $5176.000 $2763.000 -$2413.000 -47%Gold 13 Feb $1920.180 $1246.510 -$673.670 -35%NZX50 13 Feb $6324.000 $5933.000 -$391.000 -6%
Nice comparison on markets and gold. Actually, NZ market has done well.
I believe end of 2016 or beginning of next year, we can get some clue for bear market in some markets. There are some short term weak supports for GOLD. Still gold prices should go down in 2016/17. Oil should average around $35 in 2016/17. Oil cannot stay below $30 for a long period.
DOW also can rebound to certain level. If it can pass 19,000 it might ended up breaking 20,000 and 21000 as well.
Can strength of the Dow Jones Transportation Average send DOW much higher? Divergences indicate a possible change in trend. It is time to pay close attention to DOW transports as well.
I don't think anything has changed MW. The only thing I would say is that the bear market or recession perhaps has been so well telegraphed that it then may not be as bad as it might have been. I've shorted the DOW & Brent again, been a good trade to date, but I'm aware the DOW hasn't broken down either.
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Update of my 25 Jan 2016 post:
My above commentary says it all...
Note:..16500 resistance line becoming a strong area + Fib 38.2% (support?/resistance? ..within the margin of error) + EMA50 (resistance) = conjunction area...
http://i458.photobucket.com/albums/q...2018022016.png
Will the Fed move or won't it? Will it tighten or loosen? The mystery deepens!
http://www.reuters.com/article/us-us...-idUSKCN0VS2OQ
I believe the market has already factored in fed rate hike. Am I right?
Billionaires are starting to bottom fish in some stocks. Seth Klarman, gorge Soros, David Tepper, Carl Icahn and Warren Buffett all either added more or initiated new stakes in stocks. Situations where good funds are doubling on stocks are bullish. Gathering in stocks and sectors by good hedge funds is bullish.
We will wait and see.
This potential Honeywell merger isn't helping my DOW short!
You should be happier today Daytr....
DOW squeezed passed the strengthening 16500 resistance yesterday (giving the investor bulls some hope) only to fail at the next resistance today, the MA50 line at 16600...
Failing at significant resistances is a typical bear market rally signature therefore adding another confirmation that the DOW is operating in a bear tide.
DOW currently at 16420 -199 -1.21%
Yeah I did pretty well, shorted DOW, Oil & long gold a few days back. Got out a little early but still did very well.
I was/am very wary being short growth with the G20 looming.
Expecting to see a rally prior G20 that gets disappointed post.
Well we have seen the G20 rally and it looks like its already starting to fade.
Used the outside break to re-short Brent & the DOW.
Suddenly, DOW 17,000 is in sight. It is going to be very interesting month next month. Oil should average around $35/38 in 2016/17. Oil cannot stay below $28 for a long period.
I think we now see the DOW pushed back down post G20. No real traction from the meeting and more talk around risk of a Brexit.