One of the nicest chart I have ever seen. This year we made more than 72%! So it is best time now to drink and celebrate.
http://www.marketwatch.com/story/5-things-you-dont-know-about-champagne-2013-12-30
Happy New Year Folks!
Tuesday, 31 December 2013
LAST BLOG OF THE YEAR
And the shortest one. Yesterday – Monday – the Dow closed at 16.504, which is new high again. This is the 51st record close in 2013. What a year!!! That was great year in Wall Street and we do hope is gonna be for the Main Street in 2014 either.
One of the nicest chart I have ever seen. This year we made more than 72%! So it is best time now to drink and celebrate.
http://www.marketwatch.com/story/5-things-you-dont-know-about-champagne-2013-12-30
Happy New Year Folks!
One of the nicest chart I have ever seen. This year we made more than 72%! So it is best time now to drink and celebrate.
http://www.marketwatch.com/story/5-things-you-dont-know-about-champagne-2013-12-30
Happy New Year Folks!
Monday, 30 December 2013
HOW TO LOSE MONEY ON GOLD
Easy. You only need to buy gold this January and holding still today. The SP500 gained this year 30% and gold lost the same percentage. Many of us well remember in the last couple of years how many times we heard the gold is a perfect investment for your savings, it is the perfect money haven. That is not true anymore. 30% is a brutal loss within a year, it is not a collapse, but might hurt much. The gold bubble has burst in 2013.
This year certainly started with expectations for 2,000usd, but now we are closer to 1,000usd. After 13 years long run, this year the price volatiled the trend and turned clearly south. 2013 is the first year since 2000 when the price went down on yearly basis. The long bull run is over. That 30% is the biggest annual lost since 1984. The popularity of gold is over, most of traders left the market only small investors are active, which is a clear indication of bearish sentiment.
Whata are the reasons? I have some ideas:
Technically all the support levels were taken this year, it was not a free fall, but consistent and steady. For the bulls, there is no bottom in sight from a technical viewpoint, just look at the chart:
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
This year certainly started with expectations for 2,000usd, but now we are closer to 1,000usd. After 13 years long run, this year the price volatiled the trend and turned clearly south. 2013 is the first year since 2000 when the price went down on yearly basis. The long bull run is over. That 30% is the biggest annual lost since 1984. The popularity of gold is over, most of traders left the market only small investors are active, which is a clear indication of bearish sentiment.
Whata are the reasons? I have some ideas:
- 13 years is a long period, always needs to come correction after that long bull rally
- The stock markets got started gain again, no more scares about the recession
- Many investors looking for alternative investments, like property, shares or bitcoin
- Tapering might mean smaller inflation too, which is bad for the value of gold
- The crisis is over
Technically all the support levels were taken this year, it was not a free fall, but consistent and steady. For the bulls, there is no bottom in sight from a technical viewpoint, just look at the chart:
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
Friday, 27 December 2013
GREEN BARS EVERYWHERE
Thursday continued the rally on US markets and in Japan. This morning all the European markets have opened with gap. The optimism is all around us. This is a real Xmas rally. Behind the green day in US might be the US the weekly jobless claim which fell by 42k to 338,000, that is surprisingly good data.
Historically, the markets might do abnormally high returns in the trading days around Xmas holidays. Why? First, the people are more emotional and more optimistic in these days than usually. Second, the funds try to maximize the tax benefits before the closure of the year. Third, most of the professional traders are on vacation and they are mostly on the seller side of the market.
Historically, the markets might do abnormally high returns in the trading days around Xmas holidays. Why? First, the people are more emotional and more optimistic in these days than usually. Second, the funds try to maximize the tax benefits before the closure of the year. Third, most of the professional traders are on vacation and they are mostly on the seller side of the market.
Most of us are getting greedy:
But, what happens if there is nobody on the short side? Wast majority of American small investors are in euphoria. The bullish sentiment between them is the highest since 2007, the bearish are the lowest since 1987. The bull-bear spread has never been broader than now.
The change since last week is amazing:
Datas reported by AAII: http://www.aaii.com/sentimentsurvey
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
But, what happens if there is nobody on the short side? Wast majority of American small investors are in euphoria. The bullish sentiment between them is the highest since 2007, the bearish are the lowest since 1987. The bull-bear spread has never been broader than now.
The change since last week is amazing:
- Bullish: +7.6
- Neutral: -1.1
- Bearish: -6.5
Datas reported by AAII: http://www.aaii.com/sentimentsurvey
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
Thursday, 26 December 2013
COPPER BREAKOUT
The industrial commodity made a breakout on Tuesday on CME and after seven months left the consolidation area. This is the highest price - 3,378 - since 2013 May. In the first quarter the correction was brutal was around 30% and since this March the copper has been ranging only, until now. On Tuesday gained closely 2% the price. In the last couple of weeks the prices have marched higher backing by the strong US macros and big Chinese liquidity poured by Chinese authority. The biggest copper buyer in the world is US and the second is China.
The traders seem now they are quite bullish. Technically the copper left the range at 3,370 and the area is opened now up to 3,470 that can be first key resistance level. We found a reversal head and shoulder pattern on the weekly chart too, which is signal of bullish sentiment.
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
The traders seem now they are quite bullish. Technically the copper left the range at 3,370 and the area is opened now up to 3,470 that can be first key resistance level. We found a reversal head and shoulder pattern on the weekly chart too, which is signal of bullish sentiment.
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
Tuesday, 24 December 2013
NIKKEI HITS 6 YEAR HIGH
Couple a month ago we forecasted a strong bullish rally on Nikkei, we built up in the last couple of months a group of long positions on Nikkei and we have made a nice profit on that. Our idea was the big arbitrage between the US markets and the legging Nikkei.
After a bank holiday Monday in Japan, tonight the Nikkei hit a 6 year high, the weak YEN is supported this movement. The index gained on year to date basis 53,8% and stays now at 15,903. The telecom shares were traded higher. Generally all Asian markets gained in the last couple of days like ASX or Shaghai Composite or Hang Seng.
Technically the Nikkei shows very healthy patterns. The dips are higher and higher and we had a breakout after 9 months consolidation a few days ago at 15.720. That resistance level has been violated the very first time since this April. The sky is opened now heading north. The next resistance is at 17,500. That can be our next summer middle range target.
We are still far far away from the historical top at 1989. The Japanese market has two lost decades, which seems more than enough and could be a great buying opportunity recently. Who knows?
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
After a bank holiday Monday in Japan, tonight the Nikkei hit a 6 year high, the weak YEN is supported this movement. The index gained on year to date basis 53,8% and stays now at 15,903. The telecom shares were traded higher. Generally all Asian markets gained in the last couple of days like ASX or Shaghai Composite or Hang Seng.
Technically the Nikkei shows very healthy patterns. The dips are higher and higher and we had a breakout after 9 months consolidation a few days ago at 15.720. That resistance level has been violated the very first time since this April. The sky is opened now heading north. The next resistance is at 17,500. That can be our next summer middle range target.
We are still far far away from the historical top at 1989. The Japanese market has two lost decades, which seems more than enough and could be a great buying opportunity recently. Who knows?
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
Monday, 23 December 2013
SEAN HYMAN THE PASTOR WHO BECAME SUCCESSFUL TRADER
Thanks to Xmas today we are more Christian than normally, we introduce today the former pastor, Sean Hyman. He used to be a pastor and now he is a profitable trader but still believing in Jesus. He cites quotes from the Bible how being better trader. Stories about Jesus, Salomon, Peter ... etc. Like this Proverbs 14:15: “The naive will believe everything, but a wise man looks well into a matter.”
In his interpretation the Bible gives us quidelines for trading. If I understand him well his concept is the love of money is our biggest enemy and our greedy attitude is come from the devil. He states the money itself is not against the Bible, the love of money is against the Christianity. Unique and nonconventional theoretical view, but for him it is succesfull. On his page he is giving away his system for free.
Under this link there is a short interview with him: http://www.youtube.com/watch?v=MJXRaHsuMXE
And his presentation about his system: http://w3.newsmax.com/newsletters/uwr/video_money_code_intl.cfm?promo_code=146F3-1
He uses a triangle for analysis:
He seems a smart and skilled trader and I love to see a christian believer who says the market is not from the devil it is part of our life and we can do it honestly, profitably and in human way at the same time.
Merry Christmas!
The BFM Assets Team.
In his interpretation the Bible gives us quidelines for trading. If I understand him well his concept is the love of money is our biggest enemy and our greedy attitude is come from the devil. He states the money itself is not against the Bible, the love of money is against the Christianity. Unique and nonconventional theoretical view, but for him it is succesfull. On his page he is giving away his system for free.
Under this link there is a short interview with him: http://www.youtube.com/watch?v=MJXRaHsuMXE
And his presentation about his system: http://w3.newsmax.com/newsletters/uwr/video_money_code_intl.cfm?promo_code=146F3-1
He uses a triangle for analysis:
- Fundamental – for the big picture
- Technical – for timing
- Sentiment – RSIif above 30
He seems a smart and skilled trader and I love to see a christian believer who says the market is not from the devil it is part of our life and we can do it honestly, profitably and in human way at the same time.
Merry Christmas!
The BFM Assets Team.
Friday, 20 December 2013
PREDICT OR TRADE THE MARKET?
There are two kind of animals of investors. One is the trader and other one is the analyst who always forecasts and want to predict the future. I met a few years ago a super smart guy, who was the best analyst I have ever seen. But the problem was when he started to trade with real clients money he lost all the capital always. He was good at paperwork and his ideas were brilliants, but he couldn’t make money at all. He just didn’t trade, he forecasted and he believed always his predictions and stuck for them. Which did cost big money.
I know most of the companies, traders, investors, anchors, advisors ... etc. love to forecast and predict. Why? Two reasons. One is a marketing. They need to communicate and promote their services. So that is a business side. The other thing that they are convinced that what they trade is the best trade ever. I made thousands of predictions in my trading career and I was sure that I am right. This is the mental side of trading. We like to focus on the positive scenarios and ignore the risk of damage. In the last couple of years my attitude has totally changed and I don’t want to predict anymore, I only want to trade the market. I bet and see what happens.
Nowadays I found that everybody predicts for 2014 in terms of SP500, some forecaster says in 2014 the SP500 will be at 2014. This morning I saw a guy who said in 2014, the SP500 will hit the 1,890. Marc Faber a few days ago said in the interview SP500 will drop in 2014, 20% at least. Honestly all three guys are good and smart traders. Who is right? We don’t know obviously we can place the verdict only at the end of 2014. But I am sure about that they don’t have any crystal ball or holly grail. So, I am pretty sceptical, my thought is that all the forecasts are worthless. We don’t know anything about the future, we are all just guessing. Some prediction will closer some will be far from the reality.
As John Bogel once said „Nobody knows nothing” I love this quote. If you accept this statement you will never be disappointed if you lose. This is the part of the business. Try to never predict just trade and hope for the best, but plan for the worst. How can you do that? If you see a bullish market as now the SP500 just be bullish and stay in the profitable position as long as possible. Keep that position as high the market goes up. Believe me nobody knows where the top of the rally is.
The worst part of prediction that we like to listen to them. Cause we are frustrated about the unsure market conditions and moves and we love to find some guru or guidance. Don’t use any guidance just use your sober mind and make decision on your own ideas. Don’t listen to anybody because it is your money, your loss and your gain.
Have a good trade for 2014!
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
I know most of the companies, traders, investors, anchors, advisors ... etc. love to forecast and predict. Why? Two reasons. One is a marketing. They need to communicate and promote their services. So that is a business side. The other thing that they are convinced that what they trade is the best trade ever. I made thousands of predictions in my trading career and I was sure that I am right. This is the mental side of trading. We like to focus on the positive scenarios and ignore the risk of damage. In the last couple of years my attitude has totally changed and I don’t want to predict anymore, I only want to trade the market. I bet and see what happens.
Nowadays I found that everybody predicts for 2014 in terms of SP500, some forecaster says in 2014 the SP500 will be at 2014. This morning I saw a guy who said in 2014, the SP500 will hit the 1,890. Marc Faber a few days ago said in the interview SP500 will drop in 2014, 20% at least. Honestly all three guys are good and smart traders. Who is right? We don’t know obviously we can place the verdict only at the end of 2014. But I am sure about that they don’t have any crystal ball or holly grail. So, I am pretty sceptical, my thought is that all the forecasts are worthless. We don’t know anything about the future, we are all just guessing. Some prediction will closer some will be far from the reality.
As John Bogel once said „Nobody knows nothing” I love this quote. If you accept this statement you will never be disappointed if you lose. This is the part of the business. Try to never predict just trade and hope for the best, but plan for the worst. How can you do that? If you see a bullish market as now the SP500 just be bullish and stay in the profitable position as long as possible. Keep that position as high the market goes up. Believe me nobody knows where the top of the rally is.
The worst part of prediction that we like to listen to them. Cause we are frustrated about the unsure market conditions and moves and we love to find some guru or guidance. Don’t use any guidance just use your sober mind and make decision on your own ideas. Don’t listen to anybody because it is your money, your loss and your gain.
Have a good trade for 2014!
Take a look at our Swiss fund and begin to invest with us!
The BFM Assets Team.
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