Yes the market is setting new highs again on Friday and for the week. But be very careful. This market is pushing the envelope.
In today’s video I look at the Dow Jones Industrial Average (DJIA) daily and weekly charts. The DJIA has pushed to the top of its current pattern. What’s next? At what point does the picture change? Continue reading
Okay, I had enough. I’ve looked in stores. I tried on all kinds of t-shirts…no luck. It appears Under Armour stopped making my favorite t-shirt.
Style 1217194. It’s soft, 95% cotton, 5% elastane. I really like this shirt. I have a bunch of colors and wear them all the time. Continue reading
The China stock market as reflected by the Shanghai Composite and Shenzhen Composite indices are at a point where they have stretched their price action out in an ever compressing pattern over the last 10 months.
This won’t go on forever and I believe we are very close to a resolution.
In today’s Asia Update video I look at the Shanghai and Shenzhen indices, Hong Kong’s Hang Seng Index, India’s Nifty 50 and Japan’s Nikkei 225.
I also review two China ADRs, Weibo (WB) and Ctrip.com (CTRP).
or so the stock market might have you believe. All we heard ahead of the election was how a Trump victory would create nothing but uncertainty for the market.
As results poured in Tuesday night and it became more and more clear that Trump was going to win, the markets went into a tailspin. Eventually the futures went limit down and could not trade lower for the rest of the overnight session.
That caused selling to abate and buying to come in and the market began to bounce. And then Trump claimed victory. He gave a very nice acceptance speech. He talked about all the rebuilding that’s going to get done…pulling the country together…and the buying continued.
By the time the market opened at 9:30am ET, the market was back to about even and then rallied all day, with the DJIA up about 257 points. So it took just a few hours and all that uncertainty went out the window. Really? Continue reading
In this Asia Update video I look at China, both the Shanghai Composite and Hong Kong’s Hang Seng Index and India’s Nifty 50.
I also review two China ADRs, SINA and Vipshop (VIPS). VIPS is creating a very interesting potential bottoming pattern.
Vipshop started trading on the New York Stock Exchange on March 23, 2012. (Photo by Ben Hider/NYSE Euronext)
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