In this Asia update video I review Hong Kong’s Hang Seng index and India’s Nifty Fifty index. Mainland China is on holiday this week with the Shanghai Stock Exchange closed. I then check in on SINA and Vipshop (VIPS).
This brief video is a very small segment of what my Insider Members get daily and weekly. In this stock market update I review the S&P 500 (SPX) on a daily, weekly and monthly basis. I also look at the semiconductors, homebuilders and high yield bond fund.
As I state in the video, my wave counts are close to completion and why I believe the stock market is in the final death throes of this bull market. Continue reading
This post is a repeat of one I published over two years ago. The title of that July 2014 post was “When you look at the chart, what do you see?” Some of the details might not be current but the idea sure is. So what is the chart’s story?
It’s interesting to read the financial press. They always give a reason for the market’s action. I can almost picture them sitting around and trying to figure out what they are going to say for any given day. So the Dow was up 28.7 pts yesterday, what did they say?
Reuters: “Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.”
Bloomberg: “U.S. Stocks advance as Internet rally offsets Portugal”
MarketWatch: “The U.S. stock market closed higher on Friday after the main benchmarks picked up steam in late afternoon, trimming weekly losses.” Continue reading
In this Asia Update video I look at China’s Shanghai Composite, Hong Kong’s Hang Seng Index and India’s Nifty 50.
Two China ADRs today…Baidu (BIDU) which some call the Google of China and YY, Inc (YY). Continue reading
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