Today is quite difficult analysis as this week is at a greatroad cross for currency, comodities and equity.
The currency market is at a crossroad quite difficult to make call base on News . The Japan want weak Yen, so there will be a short - medium term pressure on Yen .. To complicate the issue the dollar should be againing strength on Friday but it reverse course due to bad data on job...
This issue will put bond underpressure for sure . If bond is under pressure, which will result in bond sell off + dollar low value = exccess liquiditity in the market ... well the liquidity will need to find a place to park ... The Euro did not want euro to again the japan do not want yen to strength, and people get spook for holding dollar and bond ...
Conclusion there will excess liquidity will find the way to the market, I think alot of equity market have make some correction since last week and should be able to made rebound ... if the exccess liquidity decide to enter equity and commodities which I see a great chance ... then I think we will see....
Yen and dollar move in the same direct sideway down
Gold and silver, oil and some commodities will rebound or rally ( it is not a bad idea to accumlate some gold and silver at this low price)
Equity or stock market rebound...
Stock to watch for comodities related stock and Aloca
I am buying nikkei @ 9742 and 9,675 today
Hope today your trade will grand
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Hi Pred,
ReplyDeleteThis week, I am planning to sell most of my stocks after a bounce (hopefully). The market is making me uncomfortable and I think Israel will attack Iran soon. The former Israel Ambassador to the US was on Fox News blatantly saying Israel will not allow Iran to have a nuclear bomb. He said the Iranians were very close to having the bomb. My only problem is I also hate being in the dollar.
This is abnormal time .. there will hard to predict call to make ....
ReplyDeleteFirst, if Israel is going to war the only it will effect of the oil price and and alot of commodities but should have small impact on Stock market..
Now the marketis send a lot messy message, First the Japan want to be softer and the dollar are unable to gain in value...
I have back check the past two past economic data, I think there is a great chance that the market will make some rebound or rally on Wednesday, Aloca stock . I think we will have better then expected earning result for Aloca due to positive economice data in housing and car sales July and August ... I will have no doubt this will set mod for the rebound ...
I still reserve my S&P target @ 1100 - 1125 ,
Stock to watch is aloca : AA
Adding S&P @ 1026
ReplyDeleteThanks Pred,
ReplyDeleteI appreciate your analysis very much. It makes sense to me. This morning, I also notice that oil is down but Occidental Petroleum and Sclumberger are both up???
Good luck.
Hi Pred,
ReplyDeleteToday, I sold RINO. This is a milestone as I hate to sell when a stock is going up, but it hit a 52 week high. (Bought at 13.41 and sold at 22.85).
I also would like to ask a question regarding a stock I own, CHBT. I bought at 15.75 and it has been over $17.00, but the company just issued new stock last week at $15.00. This stock today is at 15.38 last time I checked. Insiders own 69% of stock so it really surprised me that they diluted the stock. You know my plan to sell soon, but I was thinking of keeping this stock. It is a chinese food supplement co. When markets correct, it will probably follow but in the long run, I think it has great potential. Your thoughts?
Hi Shirley,
ReplyDeleteI was a out of my computer .. sorry the late respond ...
It is good to buy low sell high and sell @ proffit ... from the margin you have done very well ...
I think the market S&P is going up from my point of view so most US stock will still have some upside potential.. Today is the first rebound after last week sold sell off, so I think you can still sell some for profit and hold some to see how far is this stock going ..
CHBTis one of the few stock which is going to do well from time to come,
The company is base in shanghai and it is a well established brand. any thing which in china is going to do well for quite sometime ... I will not be surprise if the stock will easily hit @ 18 - 19 range for speculative reason ...
As always take profit if you see one ... as stock market is not 1 way street ...
Good trade shirley
Thanks Pred,
ReplyDeleteYou are one of the best traders from HMS's website, I think. I am a newbie, so it is hard for me to sell when market is going up. I will keep CHBT then.
Good luck tomorrow.
I will be out most of the day.