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Posted by btr Fri, 08 Oct 2010 14:30:00 GMT
Congratulation to Mr. Liu for his 2010 Nobel Peace Prize, who is still in prison in China.
He courageously negotiated with advancing troops for the safe withdraw of students from Tiananmen Square in the early hours on June 4th, 1989. In 2009, he was sentenced to jail due to his involvement of Charter 08.
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.
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!
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.
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.
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.
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.
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.
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.
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.
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