Us Index Charts

Discussion in 'Investment Charts' started by Chartman, Oct 16, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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    That was a big bounce in the DJIA prior to yesterday fall. I just feel the market breathed a sigh of relief after the mid-term elections and things got a bit carried away. In the short to medium term DT will be reigned in by the opposition. Will he be able to push through his more controversial ideas? Probably not.
     
  2. Buyonthedips

    Buyonthedips Senior Investor

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    While the graph patterns ae similar, the recent bounce in the Nasdaq has not been as strong as the other indices. Are we seeing a flow deflating of the tech sector? Are investors becoming a little more risk averse?
     
  3. Chartman

    Chartman Senior Investor

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    There is definitely a shakeout going on in the technology sector with the NASDAQ not bouncing anywhere as much as the Dow Jones Industrial Average and S&P 500. Slowly but surely the premiums which have built up in technology shares in recent times are evaporating. There will come a point when they begin to look good value again, whether we are there yet is a different matter.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Markets are taking another tumble and as was mentioned yesterday it is the tech stocks which are being hit hardest. The "jam tomorrow" ratings of yesteryear have long gone and a long overdue dose of reality seems to be kicking in. The strange thing is that some tech stocks are now starting to look decent value on a long term basis. Cherry picking the main players of the future on weak days is my strategy :)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Graphs are always interesting to read - are seeing the emergence of a double bottom across all of the above graphs? if so that is bullish.....we shall see
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    We are seeing quite a bounce in markets - is the bad news now really out of the way? Or will high hopes for a resolution of the Chinese trade stand off prove unfounded. Guessing what DT will do is not easy at the best of times!
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    So DT is a tarriffs man? He is certainly doing his best to ruin market recoveries!
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like we are seeing a triple bottom across all of the major index graphs. Further downside in the short term once they fall through current support levels. Get yourself ready!
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    One bad day could bring all the support lines crashing down around us! A triple bottom must surely be a negative pattern?
     
  10. Chartman

    Chartman Senior Investor

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    The next few days will be extremely critical for US stock markets as there seems to be growing concern about the USA/Chinese trade relationship. On the surface this looks like a battle about tariffs but the knock-on effect to other areas of the US business sector and other areas of the world could be enormous.
     
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