The financials had the biggest move of all the industry sectors that dropped last week, down 2.9%. Is this the end of their rally? They do look like they are starting to roll over.
The video below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.
In this video I review this week’s market action by looking at the S&P 500 (SPX), NYSE Composite (NYA) and Russell 2000. I then review the semiconductors (SMH), homebuilders (XHB) and the financials (XLF). Three stocks in focus are:
Much has been made about China’s makeover during the last 25 years. What has occurred there is fascinating. Here are 10 curious things:
China is now the No. 2 economy in the world based on GDP.
More people live in China than in any other country on the planet. The world population is 7.3 billion according to the U.S. Census Bureau and China has 19% of it at 1.373 billion.
688 million. That is the estimate for the number of internet users in China at the end of 2015 according to data from the China Internet Network Center. Let’s see, that’s about 50% of their population and more than twice the total number of people in the United States.
The 3 Gorges Dam on the Yangtze River is the world’s largest power station in terms of installed capacity at 22,500 MW.
China launched it first moon space mission on Dec. 2, 2013 and China’s Yutu rover is currently exploring the moon’s surface.
The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.
Year of the Monkey
We won’t get any clues from China this week as the markets are closed for Chinese New Year or Spring Festival as it is also called. The Chinese New Year begins Monday, February 8 and it’s the Year of the Monkey…the Fire Monkey to be exact. I didn’t see any China economic reports due out either, until February 14.
The Shanghai Composite Index compressed further in pre-holiday trading. It still looks like consolidation in a downtrend. In the chart below I show the next support level, which is still another 10% down.Continue reading
Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis.
Selling continues in the global markets and in the video below I review last week’s market action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT). Continue reading
The financials had the biggest move of all the industry sectors that dropped last week, down 2.9%. Is this the end of their rally? They do look like they are starting to roll over.
Much has been made about China’s makeover during the last 25 years. What has occurred there is fascinating. Here are 10 curious things:
The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.
