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Post by stockpicker on Apr 9, 2014 11:48:41 GMT 7
Though DOW was down, it still haven't shown any sign of fatigue as it was trying to recover yesterday from the fall. This prompted the Asian Market, in particular, HSI to race against its odd and rose about 2% in the last 2 successive trading days. Technically, DOW has shown sign of some weaknesses but not fatigue as it find a support which is no where to be seen except around 16,065 which is about 200 point down. If that support failed to hold back the down trend, DOW will be heading toward 15,300 region...
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Post by stockpicker on Apr 12, 2014 6:44:24 GMT 7
DOW has just lost its initial ground by bleaching the 1st support and now racing towards the other supports. The US markets were down mainly because of the poor earnings of the companies and it looks as if the news coming from Fed has little or no effects as the stock prices must have gone out of all proportions. Chartwise, the weekly chart of DOW tells some tale and direction as shown here 1st, DOW will try to find a support at the top of the cloud, i.e. around 15,300 to continue to rise, failing which, it will race towards the next support @ 14,800... and if that final defense is gone, it will want to race lower towards the 12,000s. The present situation is now NOT in favor of DOW with danger lurking in the ADX and also in the MACD chart. Hopefully, all these present actions are just to scare away the weak holders as the Elliot wave counts suggested one more fifth wave to go..but but.. Elliot wave counts are not always reliable especially during the final wave counts..also taking note that DOW's double top is appearing to form soon after it crosses 15,300. (typo note: the wave count number should be IV? and not V? showed in the chart.)
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Post by zuolun on Apr 13, 2014 8:35:29 GMT 7
DJ — Double top formation
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Post by stockpicker on Apr 16, 2014 11:42:23 GMT 7
DOW made a dramatic return with gains over 200 points after having hit the lower Bollinger band which it was supposed to punch through and face the "waterloo". This dramatic action fell short of rising above 16,300 which is an important level to bleach because there were 6 occasions in the past that DOW either used it as support or resistance as shown in this attached chart. Moreover, 3 of these occasions have significant volumes recorded. If DOW could break this 16,300 which is just a step away, DOW may want to go higher. In the event that it failed, it might want to retry a few times before settling to go lower or just plunge as the present conditions are in favor for such a move. It would be interesting to see how DOW will move tonight. Stay tune..
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Post by stockpicker on Apr 17, 2014 6:43:32 GMT 7
What can excite a market, non other than "opium" and what a remarkable turn around. Yellen came out and said that the gap of unemployment and inflation is still wide and decided no more hike in Fed interest rate. This has turned around the market which was bearish to now bullish looking. It has also created a 3-white-soldier pattern and "wipe out" the 20-day resistance and these will pave the ways for going higher. If it can push ahead to clear the last few resistances around 16,450 and 16,500, it would want to test the recent high which is 16,573. Let see if DOW can do that under the present low volume trading which is always a good ground for speculators.
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Post by zuolun on Apr 18, 2014 11:38:11 GMT 7
DJ — Double top failed, DJ did a U-turn to challenge the last peak @ 16,631.63 DJ closed @ 16,408.54 (-16.31, -0.1%) on 17 Apr 2014. Immediate support @ 16,230, immediate resistance @ 16,505. Should DJ hit > 223.09 points or above the record high of 16,631.63, it's known as a Blue-sky breakout. DJ — Double top formation
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Post by stockpicker on Apr 19, 2014 23:46:49 GMT 7
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Post by stockpicker on Apr 21, 2014 13:38:41 GMT 7
It would appear the bulls will be here to stay for a bit longer.. the reporting season is here and look at the start.. more beat the estimates today.. www.ig.com/sg/out-of-hours-shares.
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Post by stockpicker on Apr 23, 2014 15:30:59 GMT 7
Like this market, it is telling you that there are still hope besides all the bad news coming out.. companies missed earnings, labour participation rate at 36 years low, companies downgraded to junk, debts are rising everywhere in almost every company, china manufacturing sectors weakened for the 4 months.. and all these will not matter very much so long as Fed maintains its interest rate low, there is still hope of recovery and the stock price will keep going up..
Since Bernanke came up with this QE toy, he has changed the gaming rules of stock market completely, from "you show me your results before I buy and I also need to do some acid tests" to "never mind, so long as you are not losing money, there is still hope.. eventhough you have to cut cost and borrow more and more money to make up the numbers. the more debts you have, the better you are"..
hope and hope it shall maintain.. until one day there is no more hope.
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Post by zuolun on Apr 24, 2014 9:47:07 GMT 7
Like this market, it is telling you that there are still hope besides all the bad news coming out.. companies missed earnings, labour participation rate at 36 years low, companies downgraded to junk, debts are rising everywhere in almost every company, china manufacturing sectors weakened for the 4 months.. and all these will not matter very much so long as Fed maintains its interest rate low, there is still hope of recovery and the stock price will keep going up.. Since Bernanke came up with this QE toy, he has changed the gaming rules of stock market completely, from "you show me your results before I buy and I also need to do some acid tests" to "never mind, so long as you are not losing money, there is still hope.. eventhough you have to cut cost and borrow more and more money to make up the numbers. the more debts you have, the better you are".. hope and hope it shall maintain.. until one day there is no more hope. Stock Market Prediction for Trading Week of April 21 2014NYSE Margin Debt Levels Have Hit New Highs — 31 Mar 2014 NYSE Margin Debt Hits All-Time High Of $465.72 Billion — 29 Mar 2014 DJ — A potential blue-sky breakout; TP 17,500DJ closed @ 16,501.65 (-12.72, -0.08%) with thin trading volume done at 355m shares on 23 Apr 2014. Immediate resistance @ 16,505, strong resistance @ 16,631, immediate support @ 16,278, strong support @ 15,790. The DJ is running on autopilot without emotions; after hitting every record high with a slight pullback, the default setting will trigger a higher high. Based on the "3 Peaks and Domed House" chart pattern, the DJ has to form 3 peaks 1st b4 it hits the domed house on 13 Sept 2015.
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Post by stockpicker on Apr 24, 2014 18:55:33 GMT 7
Zuolun.. thanks for sharing. DOW will have to bleach 2 highs, 16572 and 16576 which a stone throw away.. tonight will be the best time as Nasdaq has rallied premarket by over 7%.. If DOW cannot make it tonight, it might not make it to form the new 3 peaks and doomed house and might take the previous 3 peaks..
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Post by odie on Apr 24, 2014 20:40:08 GMT 7
Berkshire's Buffett says would buy few tech stocks currently
NEW YORK Wed Apr 23, 2014 5:07pm EDT
(Reuters) - Berkshire Hathaway (BRKa.N) Chairman and Chief Executive Warren Buffett said on Wednesday he would buy very few technology stocks at current levels and that the U.S. government should play a part in the housing market.
"There's very few tech stocks I would want to buy at the prices they sell for, but it's not remotely like the bubble that existed 15 years ago," the billionaire investor told Bloomberg Television.
The U.S. stock market has been hit with a wave of selling, particularly in high-growth stocks in the technology and biotechnology industries in recent weeks. The Nasdaq composite index .IXIC, which is heavily composed of technology company shares, has fallen more than 5 percent since early March.
"We're not seeing total craziness or anything of the sort, but we're certainly seeing some companies go public at very high valuations and some private transactions at some pretty fancy prices," Buffett said.
Buffett also said the government should play a part in housing, and that the U.S. public would be better served with a government-guaranteed instrument "in the picture." He said he did not see any role for Berkshire Hathaway in mortgage financiers Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB).
The Senate Banking Committee will meet later this month on a bill that would abolish Fannie and Freddie and replace them with a new agency to back home loans. Lobbying activity in opposition to the bill has stepped up ahead of the meeting.
Buffett, who also denied interest in purchasing the Chicago Cubs Major League Baseball team, said that Berkshire was working on some pending acquisitions but none of them was very big.
"They're not very huge, but there's enough going on that I would hope that maybe one or two would materialize," he said.
(Reporting by Sam Forgione; Editing by Meredith Mazzilli and Cynthia Osterman)
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Post by stockpicker on Apr 25, 2014 6:44:04 GMT 7
The US investors are making a mockery out of the stock markets. The US stock markets are now almost at all time high, yet look at the CNNmoney's fear and greed indicator.. it has a reading of 44.. right in where it shows the market is in fear.. this must be some kind of a joke that the US investors are cracking or may be, the CNNmoney's fear and greed indicator is an utterly nonsense. money.cnn.com/data/fear-and-greed/?iid=EL
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Post by zuolun on Apr 26, 2014 12:51:49 GMT 7
DJ — A potential blue-sky breakout; TP 17,500DJ closed @ 16,361.46 (-140.19, -0.85%) with thin trading volume done at 354.9m shares on 25 Apr 2014. Immediate resistance @ 16,505, strong resistance @ 16,631, immediate support @ 16,278, strong support @ 15,790.
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Post by stockpicker on Apr 30, 2014 6:55:43 GMT 7
I kept knocking and rocking my PC to see if it is still working properly because I could not believe that the fear and greed indicator of CNN is at 35, which does not reflect what was going on in the US markets. money.cnn.com/data/fear-and-greed/
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