Dow

[Valuegrowth]

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.

[Baa_Baa]

	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%

[Valuegrowth]

	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.

[Valuegrowth]

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.

[Daytr]

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.

[Valuegrowth]

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.

Thank so much Daytr for your ideas. Some are bullish and some are bearish. But I am very bullish on some stocks globally specially on stocks which can break their 52 weeks high or all time high.

[Hoop]

Looking at Colin Twiggs weekly chart with his Primary Support at the 16000 area it is a fuzzy area as the candlestick tails pass below it ..I think I prefer my version 15500 (biased)..With hindsight I prefer it even more now as it does not show that 16000 as a primary "false" break...

The DOW does show major respect for my Primary Support version (15500)...and failing to go lower then breaking back through 16000 again smells like a start to the next rally to me

After a panic drop... trading behaviour is reduced to basic animal instincts and a mad scramble from scavengers to pick up the pieces and look for a quick buck ...that's where Fibonacci analysis becomes a good tool to show resistance areas..(see chart below)

The main objective during a rally within a bearish tide is to be very alert around resistance areas, especially conjunction areas...so not to be caught as a sucker.....Its irrespective if you think its just a severe Bull market correction or not...just treat this rally play as cautious management...

Spooky!!!.....there are close conjunctions (S&R Lines) around both 38.2% and 61.8% Fibs..

Edit:.....I've added Copper price as this is an important duck....It's not revelvant at the moment and may not be for a while ......but in the future if Copper ends its Bear cycle it is an leading indicator that Equity Market will end it's Bear cycle about 6 weeks later

.................................................. .................................................. .................................................. .................................................

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...

[macduffy]

Will the Fed move or won't it? Will it tighten or loosen? The mystery deepens!

http://www.reuters.com/article/us-us...-idUSKCN0VS2OQ

[Valuegrowth]

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.

[Daytr]

This potential Honeywell merger isn't helping my DOW short!