Other Markets In Dow Points
Russell 2000: Down >400 Dow Points
Transports: Down >400 Dow Points
- Platinum down 5% almost 735 dow points
- Palladium down 6% almost 885 dow points
Russell 2000: Down >400 Dow Points
Transports: Down >400 Dow Points
Sovereign debt woes continue to be the bane of this rally. At the end of April the S&P Rating Agency downgraded Greece’s debt to “junk” status, which accelerated the steep sell-off in the euro and sent it down to its 2008 lows! This sparked a world-wide panic sell-off which sent stocks plunging. In addition, Spain and Portugal’s debt was also downgraded which put pressure on a host of capital markets. Italy and Iceland are the two nations which analysts believe are also dealing with ominous debt levels. All of this helped the US dollar enjoy one of its strongest gains against the euro in over a year. Since November, the greenback has rallied smartly and jumped above its 50-day moving average (DMA) and 200 DMA lines. As expected, the stronger dollar sent US stocks and a slew of commodities (i.e. dollar denominated assets) lower as investors continue to debate our economic future.
The following is an excerpt from a FindLeadingStocks.com intra week update. FLS Update: 10.07.14 Defense Is King Market Forming A Large Topping Pattern & Germany Is In A Bear Market The market is in the process of forming a large topping pattern that began earlier this summer and not surprisingly overlaps with the end of QE 3…
S&P 500: Dangerous Black Swan Chart Formation
A new watch list for Thursday, January 14, 2010
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Fear & Greed play a huge role in trading/investing. Every serious trader/investor should be very aware of their psyche. Here is an intro to fear and a few steps on how to deal with it. Conquer Your Market Based Fears, Ask About Our Consulting Service Here How To Deal With Fear? Identify & Quantify…