This week my market predictions have had technology hiccups unfortunately which is why my report is late. Yes I am publishing the on Saturday do to the fact that my technology has been causing a problem. I am late in posting this report to this blog here but you'll see a few interesting market changes. I want to first start off with how the market has reacted all this week to all the volume. You do see a a lot changes in how the market started up the first of the week. Now you have numerous changes on the bottom of the markets that caused the downturn. Lets look at the causes for why this happens so everyone knows what to look at in charting it. The week set off on a course of plummeting mania with the jitters over the new fed jobs report which shows a small increase in additional new jobs added for working Americans. Then you tee off at the fairway shooting a angle slice right into the tree. Investment advisors looking at all the data coming at them tell dumb smucks that don't really read charts to market bailout. Then you got the institution guys who got scared about their government pension plans panic stricken head for the exit door. Worldwide others in the banks combined with bell weathers big money types of investors just held their ground. The end result is what you see mostly everyone got scared,panicked and sold their positions in their portfolio. The exit continuation from Monday became a monsoon downpour by the close of bell of Friday end of business day on Wall Street. You see that the Dow dropped average about 265 points on the charting index table with the NASDAQ,Standard and Poors all following suit down below the belt line. True to what China has learned about Wall Street panic herd mentality it started buying up tons of American debt and cheap stock investments. This just worsened everyone worrying thinking that China going to leverage buy on the pain that everyone else's feeling in their portfolios. It will be interesting to see what happens after Labor Day vacation when everyone has to face the grim facts of their portfolios losses. I think sensibly the first day Tuesday will wipe out most of last weeks losses with some information coming out that will raise speculations of global market gains. The fact of such a rosey picture will quickly fade away by Wednesday when common sense returns to the herd. You'll definitely see by Thursday a return to gloomy output and more people buying Rolaids to stop the pain of a downhill skiing without ski poles. So what about Friday you ask? ? Good question. . A totally flipped flop on the markets globally will effectively change the herds direction on Wall Street to thinking that sweet roses and wine has come back in morning only to get clobbered later in the day by another tidal wave of bad news from the Fed Bank and the Treasury Department on the health report on the American economy. This ones going to make people really pause and consider where we are heading in which direction. The smart people with the right tools are going to hedge their risk and opt. to stay in the markets waiting for the next leg up in valuation. Following the herd will certainly do one thing it will get you stepping on running which ever direction they are moving. You got to be smart by doing yourself a favor and follow your own charts hedgehog your own risks in the positions you own. This will make you a winner instead of a stampede of investors feeling sick over all their mounting losses.
HaVe a GrEaTe DaY..
Note: Watch the YouTube video link for Friday September 11,2015.
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