Blindfoldedmonkey: Earning season starts

Monday 15 July 2013

Earning season starts

Let’s see how effects on the indexes. My bet is that makes a bitchoppy, but pushes up to upside. The bottom line is that all US indexes closed last week at new all-time highs. The Russel new historical record shows how broad and deep the positive sentiment on US markets.


Technically the S&P500 made last week a breakout at 1670 and stays steadily above this level, so might be couple of consolidation day and try to backtest the 1670 level. But generally the bulls are ruling the market. And, what we should do on the bull market - BUY IT AND DON’T SELL IT.
My only concern is the macro effect. I know we have seen this pattern continuously in the last four years couple of time, but it makes sense how big is the gap between the reality and market performance. My question is to you, if everything is great why Bernanke needs to save US each month? Basically the US economy second worstperforming macro-economy of the year between the majors. This chart shows obviously the fact on macros, (chart by Zerohedge)




Our forex workshop on skype each day. 10:30-16:00(GMT+1, Paris) Name: „Blindfoldedmonkey

No comments:

Post a Comment