Posts Tagged ‘Market Status’

Market Strategy for Today

Thursday, March 11th, 2010

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STP-083 ______________________          ________________ _March  11,  2010


| Markets | Business | Economics | Technology |

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>>  | Answer to MP 07 |  <<

Buy,  Hold,  Sell,  or  Trade ?

Today, we are continuing the thread started a few days ago about this possibly being an “average” ( 2 — 3 year ) bull market. For this discussion then, let’s assume it is the beginning of the 4th inning of this game and we have another 2-year stretch of a bull market ahead. We further assume the next two years will not be anywhere nearly as robust as the past year in terms of market gains.

Providing a specific invest strategy for everyone is foolish and we will not do that here. We all have different financial situations, different goals, and different risk tolerance levels. What we will do is make a list of a few simple rules that fall into the common sense category; these are rules you have read about often but probably keep forgetting in the hectic course of daily life. To repeat, these rules (recommendations) assume the current bull market has another two years or so to run. (more…)

Market Status – February 2010

Tuesday, February 16th, 2010

The Short-Term View: Choppy, volatile, and confusing.

Stock markets worldwide started a downtrend that began in mid-January. The DJI Average, for example, has declined from 10,725 to a recent close of 10,099. That equates to about a 6% decline so far. The market is now trending sideways and can well be described by any or all of the above adjectives.

The correction has lasted for about four weeks now and appears to be stabilizing and groping for a bottom.  Whether this correction is over or not is difficult to determine. About four weeks ago, we estimated a total decline of about 10% to the 9650 level on the DJI. From a technical standpoint, the key level to watch is 9900 the low point reached one week ago. A close below that would imply that the correction is not over. (more…)