I guess we can expect some short term volatility next week due to the Russian troops taking over Crimea in Ukraine.
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I guess we can expect some short term volatility next week due to the Russian troops taking over Crimea in Ukraine.
Hoop maybe 1900 becomes the new resistance talking point .... But when through that we will rocket to 2000. ....... By easter?
Who would have thought a S&P500 at 2000 and a NZX50 at 6000
Funny world eh
what is the cheapest and uncomplicated way to buy the ETF sp500 - I see it is listed on the ASX. Is it possible to drip feed. MER .07% That is low $70 to manage $100000 - a no brainer
Im building cash taking profits selling dogs rebalancing adding a little to gold stocks , close to buying some $US too.. In the USA housing still very low ;unemployment not improving ; ' GDP what with QE some say it should be 6% but its 2.5 or 3; with QE reducing what will prop up the sick patient?. It feels prudent to hunker down atm preserve capital , buy back in later. If i took a big hit now my goal of a comfortable retirement would be in tatters ; for me being 60 means now is a time to conserve/ risk on.
We cannot predict how high S & P 500 might go. But we can have and estimation around 1900 based on the general knowledge and other factors. This is the target (Between 1850 to 1900) I had in my mind. I have no way at this time to understand which way S&P 500 will go.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
Hoop
Do you still run a Coppock Indicator on the US markets
Apparently showing something that hasn't happened since 2007
Hi Winner
Do you still run a Coppock Indicator on the US markets
No ...For me the Coppock indicator sole purpose is to find the beginnings of a new bull market cycle for the DOW.....I have heard of Coppock downward zero crossover may indicate a new bear market cycle but it's reliability and usefulness is suspect as Coppock indicator is a very late indicator and by the time the indicator approaches near the zero crossover the market may have recovered from a severe bull market correction (as opposed to a suspected primary reversal to bear)..You don't really want to stay "in" and suffer a severe market correction waiting for the lagging Coppock to signal a sell.....In that point I don't use the Coppock Indicator as there far better indicators to use instead...Actually I hardly ever use Coppock ..only when I suspect a bear market bottoming is near... ie Gold Market ????
Apparently showing something that hasn't happened since 2007... Really!! ...do tell...I hate suspense and I may learn something :D
I did a Coppock indicator run on a DOW chart and posted it tonight....I felt that as the indicator was designed using the DOW data it was fitting to use the DOW thread rather than this S&P500 thread
Click here for the DOW thread
Click here for the Gold thread
Hoop - Just that Hussman mentioned that it was showing a double top (killer wave) similar to 2007
Here is what he wrote in 2007 -
Other interesting measures of “overbought” conditions are also worth noting. Last week, Jim Stack reviewed an observation that a technician named Don Hahn made in the 1960's about the Coppock Guide (a measure of price momentum based on the 10-month smoothing of the averaged 14-month and 11-month rate of change in the S&P 500). He observed that when a double-top or “wave” occurs in this measure, without falling to zero between those peaks, “it identifies a bull market that hasn't experienced any normal, healthy washouts or corrections. That's a runaway market usually headed for disaster. This double-top has occurred only 6 times in 80 years.” Those instances, and the subsequent market losses were: October 1929 (-86.2%), May 1946 (-28.8%), February 1969 (-36.1%), January 1973 (-48.2%), September 1987 (-33.5%), and April 1998 (though followed by an 18% market correction by October 1998, the subsequent recovery produced a third “shelf” in the Coppock Guide by 2000, and the market lost nearly half its value between 2000 and 2002).