Dow futures up 100+, hope to end this week on a high note
Buy.
Dow futures up 100+, hope to end this week on a high note
Buy.
Ride at your own risk !!!
Why buy? Should unload some next Monday.Originally Posted by phantom_opera
By having breached 11,613 at the closing bell, the DJI has broken strong resistance and likely to have created a mid-term bottom. Next week, there should be concrete action plans unveiled at the EU Summit. This should be catalyst required for the next leg up. The market movers have set this up very well - making the technical and fundamental aspects converge going into the coming week.
Stimulus measures which member nations of the EU will undertake individually shall result in more money being printed. Roubini is calling for an EU TARP to be formed. This is necessary to restore confidence, trigger the "greed" and "fear of missing the boat" in private investors to get the huge amount of money flowing out of the sidelines and into the system.
Germany's stance over the last few months has softened and become more accommodating as the Germans realise the huge impact of the turmoil in the Eurozone on their own economy. Their support is essential to the measures (great for the numbers but morally toxic) which will be implemented over the next one year.
Originally Posted by DC33_2008
Thanks. Mon will move up looking at what happen to DJ and Euros last night. Will off load some and wait for dip to buy back. China growth will still have impact on Singapore. Singapore just miss the technical recession. May go up and down just like the stock market.Originally Posted by samsara
hold, don't sell, momentum will bring Dow back to 12k by end of the month, dip will not come so soon, will add position if China-A goes beyond 2.5k next week
Those who read candlestick should immediately know the underlying buying momentum, Dow has overcome both 50dMA and 11,550 with good volume
Last edited by phantom_opera; 15-10-11 at 09:36.
Ride at your own risk !!!
Personally, I would call the next six to nine months the "Bull in a china shop" run.
Originally Posted by phantom_opera
That will be exciting. Will monitor and start collecting.Originally Posted by samsara
China-A is testing 2,450 resistance today (30dMA) ... and then it will be 50dMA at 2,550 ... the outcome will signal the Chinese government policy direction
Ride at your own risk !!!
Market is quite positive in Asia earlier and Europe now.
Green so many days liao...panic buying for some stocks.., am also surprised...Originally Posted by DC33_2008
When ppl are excited, it is time to be wary
Ride at your own risk !!!
Brace for a pull back!!
About time, anticipating...Originally Posted by Komo
my guess is down 30-80 pts only for Dow tonight
Ride at your own risk !!!
Dow down 150 pts liao, maybe close down by 3digits..,IBM due to release results later..., Citibank beat expectations but no impact on Dow..Originally Posted by phantom_opera
From CNBC:
"Stocks extended their losses Monday, led by materials, after Germany's finance minister said there wouldn't be a definitive solution to the euro zone's debt crisis during the forthcoming summit"
looks like a 200 pts night.
Tomorrow more interesting as
"TUESDAY: PPI, treasury international capital, housing market index, Bernanke speaks; Earnings from BofA, Coca-Cola, Goldman Sachs, J&J, Apple, Intel, CSX and Yahoo"
the ones to focus on are the financials.Originally Posted by land118
A pullback to retest the 50dMA .... nowadays Dow is much more volatile than the China market lol
Ride at your own risk !!!
Quote from Paul Krugman:
What caused the financial industry to grow much faster than the rest of the economy starting around 1980 was a series of deliberate policy choices, in particular a process of deregulation that continued right up to the eve of the 2008 crisis.
=> it took 28y (1980-2008) for this to play out, our very asset enhancement policy started in 1992 too
Ride at your own risk !!!
Did not go down a lot? Thought can pick some stocks.
Be patience..., up so many days, so may also go down as manay days...Originally Posted by DC33_2008
the point is whether can drop back to 2500pts or even below ?Originally Posted by land118
My guess is yes. Stock market s more and more like casino. It can cheong without offering any indication, so caveat emptor to all participants.Originally Posted by devilplate
Repeated post.Originally Posted by devilplate
yoyo
good for range trade
2 possibilities for Dow:
1. Retest 50dMA and rebound off 50dMA and cheong
2. Retest 10,500 to form a double bottom
3. Crash below 10,500
IMO, (1) is more likely, this time around Wall Street will still win, but next time I am not sure
I kind of like the logo of 'Occupy Wall Street'
Ride at your own risk !!!
Dow futures just bounced off the 50dMA ... we are living in interesting world. British inflation reported to hit 5% in September even we have a stock market crash with BoE declaring 75b of money printing lol ... and China reported resilient property prices
Ride at your own risk !!!
Just have to be careful not to get caught when it goes south into the new lower range.Originally Posted by Laguna
Current market not for faint hearted, STI possible to drop below 2500 pts, but I am not into index..., selective pickings..., sell into bear rally like last few days..., now waiting patiently...to nimble again..Originally Posted by devilplate