pre futures at this time are pointing at a 1% fall uk and dax 1.5% us .75% fall hardly a big reaction
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pre futures at this time are pointing at a 1% fall uk and dax 1.5% us .75% fall hardly a big reaction
I don't think there is much Paris effect either....Bull
All the Friday (pre Paris) Technicals I've looked at are either breaking or about to
Here's the Friday's NZX50 chart below...It looks too high and about to break down...so, even without Paris it would've come as no surprise to see the NZX50 break down on Monday.
Update today...the NZX50 has broken down...the 5965 Support is a goneburger...intra-day presently at 5946 -43 (-0.7%)
At the moment the signs are that NZX50 mightn't fall far as there is Good support around 5865 (EMA50 + Primary trend line)..and.. the break Out (down) Target Price is 5965-(6080-5965) = 5850
Time will tell
http://i458.photobucket.com/albums/q...2013112015.png
Approaching psychological barrier of 7,000.
Did some (crude) analysis to compare other periods with strong bull markets:
1977 - 1986 Low 300 High 330 Total Return 1100% Annualized return 31%
1990 - 1983 Low 1100 High 2250 Total Return 204% Annualized return 19.5%
2002 - 2007 Low 1880 High 4302 Total Return 228% Annualized return 23%
2008 - 2016 Low 2522 High 6950 Total Return 275% Annualized return 15.5%
Attachment 8030
So some upside still possible. NZX50 foresee-ably at 10k or even as high as 16k using other seen annualized returns.
Martin Hawes is reducing his share portfolio. "Selling shares to beat the market"
http://www.stuff.co.nz/business/opin...at-the-market?
gee smtrader...that is truly a conspiracy theorist post...one of the better ones......Martin ( I agree he is not regarded as MKT commentator heavyweight)...his posts are generally ..well ..general ...for you to think what you do...suggests to me ..you need to broaden your horizon re information sources...anyways cheers
Not that much of a conspiracy theory. If I could manipulate the market I would. Of course everyone would, just about.
So, the US is increasing interest rates... are they trying to dupe us into thinking everything's fine now, or is the future starting to look bright?
Apart from 2 scares in recent months The good news is still happening after 7.5 years :t_up::t_up:...Has to be the best performing stockmarket for a few years now ..and especially so these last 9 months...
The great news was the milestone a couple of months ago when theoretically the buy and holders who entered at the height of the 2007 boom finally began making a capital profit...A warning for other entrants climbing aboard and adopting a buy & hold strategy at the exuberance period late in the bull cycle..
I Used the capital index as it probably compares better with the other indexes such as DOW and S&P500.
The NZX50 Bull Market Cycle is very old...maybe its life has been extended by the bull sleeping through 30 - 40% of it..
http://i458.photobucket.com/albums/q...2016062016.png
What are the smart investors doing now that Brexit polls are 50:50?
http://www.oddschecker.com/politics/...bership-result
Not exactly 50-50
Assuming you removed the weak shares a long time ago (as a smart investor would have) from your portfolio, the best strategy might be to just enjoy the entertainment ... ah yes, and keep some powder dry.
If Britain stays, shares are likely to go up (well, until we have the next drama, and this can be soon). If they go markets might have a handful of weeks full of turmoil, but afterwards? I am pretty sure the earth keeps spinning around the sun and turmoil might be good to pick up some better priced shares ...
Funny how some worry about every bit of bad news as if the roof is going to collapse on them, I just continue as normal, in fact I just borrowed another 100k yesterday at 4% and bought Ryman shares today (Happy to buy them at current prices) Besides all my red arrow stocks have nothing to do with the Brexit anyway, stocks such as Air and NZR were already down. PS-In case you were wondering I'm negatively geared around 15% of my portfolio total and quite comfortable with that. PPS-Picking a stay vote.
Couta...love your post...sort off...I just hope that folk with perhaps less nouse than you..could/would possibly think that you've done is ...well.."the way to riches"...which we know is indeed a long way from the truth....anyways cheers...just saying..