12:28
Unknown
TAPE is weak & struggling with Fed upcoming decision on taper....
IF Fed decides to cutback by $10 Billion we may see a relief rally.....
IF Fed decides to cutback by $25 billion we may go well below 50 DMA in indices.....
Whole world markets have their eyes on Fed decision......
TAPE has been weak & making lower lows which is not healthy....
By 2 PM on Wednesday markets may have made lows for this pullback.
It is OK to buy on weakness which has been ongoing since last week of October 2013...we are exactly where we were last week of October.
This Friday is also option expiry which may bring more volatility...
Doing nothing ahead of Fed or Option Expiry is an OK strategy also......let the uncertainty be out of the way.
Many stocks have hit recent lows & may be ripe for a trade.
TWTR has proven once again that so called pundits have no clue when they "bad mouth" certain stock or IPO.
Solar stocks have pulled back substantially & may be ready to move again.
Chinese Internet stocks are stable & may be getting ready for a move UP.
Gold & Gold stocks are looking washed out & may outperform in 2014.....
SO...it is a week to rethink & reposition for 2014......
Making money is a combination of Science ( technical), Art ( fundamental) & luck ( timing)...sometimes luck plays a significant role .......
Good luck with your strategy which may or may not include above mentioned approach, some of you just do $ cost averaging which beats all strategy.
BLOG does NOT give buy or sell.
Saleem
IF Fed decides to cutback by $10 Billion we may see a relief rally.....
IF Fed decides to cutback by $25 billion we may go well below 50 DMA in indices.....
Whole world markets have their eyes on Fed decision......
TAPE has been weak & making lower lows which is not healthy....
By 2 PM on Wednesday markets may have made lows for this pullback.
It is OK to buy on weakness which has been ongoing since last week of October 2013...we are exactly where we were last week of October.
This Friday is also option expiry which may bring more volatility...
Doing nothing ahead of Fed or Option Expiry is an OK strategy also......let the uncertainty be out of the way.
Many stocks have hit recent lows & may be ripe for a trade.
TWTR has proven once again that so called pundits have no clue when they "bad mouth" certain stock or IPO.
Solar stocks have pulled back substantially & may be ready to move again.
Chinese Internet stocks are stable & may be getting ready for a move UP.
Gold & Gold stocks are looking washed out & may outperform in 2014.....
SO...it is a week to rethink & reposition for 2014......
Making money is a combination of Science ( technical), Art ( fundamental) & luck ( timing)...sometimes luck plays a significant role .......
Good luck with your strategy which may or may not include above mentioned approach, some of you just do $ cost averaging which beats all strategy.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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