Stock Market Trends and Forecasts
Short term forecast continues to show weakness. Medium and long term are still in positive territory, but are very close to resistance levels. Caution is in order with regards to bullish positions. We will be focusing on short term bear swing trades in the next several days.
Saturday, November 11, 2006
Sunday, November 05, 2006
Weekly report - Stock Market Trends and Forecasts
Stock Market Trends and Forecasts
While unemployment hits a 5-year low and productivity comes to a standstill, last week saw a decline on all indices. The bullish reports on lower unemployment and rising wages limit the possibility of the Fed easing anytime soon caused a strong plunge in the treasuries. Primary support of equities indexes has not been breached, so we maintain a positive long term forecast. In the short term we will watch closely our short positions, being ready to shut them down if the correction stalls. The short positions on DIA and ORCL that we started last week are already in the double-digit profit area.
While unemployment hits a 5-year low and productivity comes to a standstill, last week saw a decline on all indices. The bullish reports on lower unemployment and rising wages limit the possibility of the Fed easing anytime soon caused a strong plunge in the treasuries. Primary support of equities indexes has not been breached, so we maintain a positive long term forecast. In the short term we will watch closely our short positions, being ready to shut them down if the correction stalls. The short positions on DIA and ORCL that we started last week are already in the double-digit profit area.
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