Beat The Market
Market’s Confidence in July Has deteriorated as forecasted by technicias and fundamental analysts, people and I including myself obvious want to be optimistic in a near market spring but there is something missing “fundamentals are not showing up at least for now ” After an amazing growth of almost 40% since March the market in July had been losing steam and it has been demonstrated in last Market Closing of 7/11/09. Dow Jones Down Again (it’s been for weeks now and a technical head and shoulder pattern building force)
Recent news are not helping at all to a near sustainable recovery, as I said before fundamentals are not helping to struggle this recession out, People want to be optimistic but they dont find fundamentals for it.
Oil Has Plunged - Speculators Labor
Another point Oil has plunged againg to US$ 59 Bad For Me !!! I bet for energy stocks and energy has plunged with oil again (I will reduce my exposure to energy this time) but I know it would be for a very short time thanks to speculators. My thoughts are and I knew it !! Oil was pushed by speculators instead of fundamentals, the common sense of supply and demand does not exist this time.
But I feel confidence is a must in this recovery for stocks as well for the whole market …Just follow News, control greed, make a good technical and fundamental Analysis…AND GOOD LUCK IN YOUR TRADES….
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1 comment:
Nice Comment Its is a Bull market since great depresion
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