Dow Jones Industrial Down More than 200 points
Posted by btr Fri, 22 Jan 2010 01:48:01 GMT
As expected in the last post, it reached the resistance level and came down in a big way.
| stablevalue.com a blog on stock market and things of interest |
Articles
INDU Pullback?
Posted by btr Tue, 08 Sep 2009 01:05:41 GMT
Dow Jones Industrials has completed another leg of up trend building since last pullback to 8100.
Current resistance at 9600 has not been broken. A pullback to 8800 is likely if it fails to break out 9600.
However, if 9600 is taken out, the next resistance is 10,750!
Short Term Bond Fund VFSTX
Posted by btr Tue, 08 Sep 2009 00:19:00 GMT
Here we took a look at one of Vanguard Bond Funds: VFSTX. Yield 4.41%; YTD return 10%; investment grade corporate bonds; average maturity 2.6 yr.
It suffered a 10% drop in price in 2008. The actual return was -5%, which was big in short term investment grade bond fund.
What was the cause of that big drop? Client redemption? Maybe considering credit crisis occurred last year. A few bond holdings went under? Maybe too. Had it owned Lehman Brother, for example.
It’s quite interesting that it has a unusual V-shape recovery after the drop. Obviously the relative higher yield has been attracting a lot of investors looking for better returns on their short term investment. Has it also attracted a lot of people who are basically using it as money market funds? Maybe.
Another reason for the recovery might be the valuation of its certain holdings has recovered since the credit crisis.
For comparison, here’s Fidelity FBNDX chart, which showed similar drop last year.
If you have owned similar fund, you probably want to pay closer attention to its price movement.
Dow Jones Industrials Retreated
Posted by btr Thu, 14 May 2009 01:46:00 GMT
It’s down more than 180 points. If the current uptrend line is broken, the first support is at 8000-8100 level, which could become a good base to build some long positions if the worst is over. Let’s watch closely as overall it’s oversold at this point. The V shape bounce needs some time to consolidate even we’re entering a new uptrend.
The next support is 7500, which is previous low before this last leg down.
Dow Jones Back in 8100 level
Posted by btr Fri, 01 May 2009 01:52:07 GMT
Dow Jones Industrial has climbed back over 8100 level.
It has approached the downtrend line very closely. Although there’s a chance for it to break the downtrend line, but before it happens, I’d rather to sell into this strength to build more cash position.
Dow Jones Broke Down
Posted by btr Tue, 24 Feb 2009 05:13:00 GMT
Dow Jones Industrial has broken its major support around 8000. There’s no clear support but some round number at 7000 or 6000. 5600 is a support.
Where will the market go from here? Not sure but we can try to read the market and right now it’s going south.
The big board retesting 8,000 level
Posted by btr Fri, 16 Jan 2009 01:35:00 GMT
INDU is retesting the 8,000 level again. As we can see, it’s currently over sold and the volume is slightly above average. As we have said before, around 8,000 is the major support level. For a short-term trade, it’s time to buy some.
Is the worst over yet?
Posted by btr Sun, 21 Dec 2008 01:05:00 GMT
Dow Jones Industrial Average has been up and down for the past many weeks but it appears that it has moved towards sideways. As recession has been officially announced and confirmed, how much has the market priced in all the bad news?
Certainly investors are looking for values after significant drops, but it’s not clear that if it will range bound between somewhere below 8000 and somewhere above 9000.
If it builds a long base above 8000 and consolidates the base, we may see more upside but we need to see the confirmation.
Dow Jones Industrial Average Is Walking Out Its Downtrend
Posted by btr Fri, 31 Oct 2008 23:54:00 GMT
It closed up today and the week so it’s following through the big shoot up the other day. As we can see that on the daily chart, it’s in short-term over bought condition now. It’s slowly walking out the downtrend line, but we should be cautious as the volume was not confirming.
If you have significant equity positions in your portfolio, any rally into 9,500-10,000 zone can be your opportunity to lighten up and preserve your capital during this bear market.
Market Rockets Back
Posted by btr Tue, 28 Oct 2008 23:17:00 GMT
All major markets rocket back over 10% today. A lot of short squeezes probably. I don’t believe that there’re so many longs that couldn’t wait and jump on the buying spree.
On the monthly chart of Dow Jones Industrial Average (INDU), you can see that we’re approaching previous low, which occured 5 years ago. Have we reached the bottom yet? Not sure, but we might be near the bottom judging by the previous low, which is the current support level.
The looming global recession is on everyone’s mind, so it’s possible that the support may not hold. There will be many ups and downs around that support. We can certainly play longs at the support level and shorts at any rally near 9,500/10,000 zone. The markets are currently in oversold condition and volatility will remain high as seen in the past a few weeks.
On the 3-month daily chart, INDU is moving away from the oversold condition. If we don’t see a follow through on this snap back, the downward trend will continue. 8,000 looks like a good support for now and the more fight between the bears and bulls around 8,000 the stronger it will become. If the downtrend continues, 7,500 is the next major support to watch.
Market News And Commentaries
Updated at Fri Sep 03 01:25:04 -0400 2010
- August 31, 2010 Stock Market Recap
This lackluster session was an appropriate end to a lackluster month of August. The market feels heavy to me yet it refuses to breakdown under the July lows. That could change if we get a bad number out of Friday’s payroll report. Until then, I expect trading to remain muted and contained with more
Source: Trader Mike
- Last Weekend's Chart Show
You see, even a blind squirrel can find an acorn once in a while... This was an archived video of my weekend chart show that I provided for members last Sunday. A number of members have found my videos helpful... more
Source: The Kirk Report
- Asian markets maintain sunny mood
A fifth session of gains out of six lifts Asian stocks to a two-week high more
Source: FT.com - Asia Pacific Equities Market Data
- Stocks drift higher ahead of jobs report
Stocks pushed higher at the end of a listless session Thursday, extending gains from the previous day, as investors prepare for a critical report on the U.S. job market on Friday.
more
Source: Business and financial news - CNNMoney.com
- Swing Trading Review: QID, UPS
I pointed out QID and UPS on chart.ly … here’s a mumbling video review (turn up the volume I guess) of the two set-ups. People on my mailing list have one short in a utility stock to consider. If you want to be in the loop, you should join my mailing list today. more
Source: Maoxian
- QQQuestionable anniversary for Nasdaq
Got an interesting press release this morning from the Nasdaq OMX Group, which runs the Nasdaq stock exchange.
more
Source: Market, personal finance, media, and technology expert commentary - CNNMoney.com
- Will Developing Economies Help Sustain the Global Recovery?
Source: China Stocks News and Analysis from Seeking Alpha
- Asia Markets: Singapore property curbs may bite banks' growth
The biting restrictions that Singapore introduced earlier this week to cool the city's property prices will likely affect credit growth at the city's lenders and restrict their share gains, analysts say. more
Source: MarketWatch.com - Top Stories
- Higher education
FOR decades, college fees have risen faster than Americans’ ability to pay them. Median household income has grown by a factor of 6.5 in the past 40 years, but the cost of attending a state college has increased by a factor of 15 for in-state students and 24 for out-of-state students. The cost more
Source: The Economist: Daily news and views
- New Trading Robot Version Adds Great New Features
We’ve put the finishing touches on the latest version of the StockTickr Trading Robot. You can use it to automatically trade your Trade-Ideas strategies through your Interactive Brokers account. Here’s an overview of the new features – they open up a whole new world of strategies. more
Source: StockTickr Trading Journal Blog
- Gold Correction.. How Far? (GLD)
Everybody wants to know where gold is headed and it remains one of the most talked about trades. More recently I’ve begun to hear family and friends discuss purchasing gold stocks and the actual metal itself. That usually doesn’t bode well for any trade especially after the r more
Source: SelfInvestors | ETFs, IPOs & Breakout Stocks
- Friday Watch
Source: BETWEEN THE HEDGES
- Techs Lead in Tokyo, Seoul
Asian stock markets were modestly higher Friday with technology plays leading markets in Tokyo and Seoul. The Nikkei rose 0.4%. more
Source: WSJ.com: Markets
- Why the Balls critique is correct
The market is screaming its lack of concern about UK fiscal credibility. Government debt is long-term and denominated in the domestic currency. We are terrified of a confidence bogey who is asleep, writes Martin Wolf more
Source: Financial Times - Comment
- A 'short' look at Proshares ETFs
Source: BlogginWallStreet