US stock markets declined again on Monday. More than two weeks weakening by now and SP500 closed at four weeks low. There is no panic on budget ceiling, but the buyers are more cautious, they don't
jump in the pool with both feet. It is a good signal if in this bad news period
the market not falling like a knife. We only have to wait the sentiment changes
for bullish and after the market could go up massively. All Wall Street indexes
lost across the board 1% yesterday.
We can be sure about that sooner or later the government shutdown will
be over and the worries will disappear as they came, like happened in last
December and this January with Fiscal Cliff hype.
Technically on Dow chart clearly seen the 16 days losing day period,
hardly to see any long side corrections. It looks like a consistently falling knife. Where is
the ground? Might be at 14.820. It is not far from here, so could be tested
today. But until the budget issues around us the market can be so
volatile with big pulls up and down. Be careful and be protected.
DO YOU WANT EARN OVER 30% PER YEAR?
Have a great day!
The BFM Assets Team
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