Here is short term supports for major indices to watch. Please be advised that you should not risk your money and jump in at these levels. These are the levels to be concerns, if they failed to hold you should take some profits and go to the sideline.
Remember in bear markets "CASH IS THE KING".
S&P500 890 THEN ~879
DOW 8190 THEN ~8000
NASDAQ 1695 THEN ~1660
XLF ~11.20 THEN 10.40
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I do my best not to use complex economics terms and make this blog useful for everyone in any level of investment. The main focus will be on technical analysis, but macroeconomics & microeconomics will be covered as well.
If you recently become my reader, I highly recommend reading "Popular Articles". Just scroll down, you can find it in this column.
If you recently become my reader, I highly recommend reading "Popular Articles". Just scroll down, you can find it in this column.
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2009
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May
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- S&P500 Technical Analysis End-Month Update
- KBW Index
- Geithner's PPIP The Bigest Scam Ever
- Convexity Risk
- Dow Jones Transportation Average (May 28th)
- The U.S Dollar Chart
- S&P500 Technical Analysis May 27th
- Housing Market & Home Builders Future
- Lennar (LEN) and City group (C) Short Term Support...
- Major Indices Big Picture
- Financial Down-Trend (May 20th)
- S&P500 Levels To Watch
- Treasury Bond Mid-Month Update
- Why Did LIBOR & TED Spread Drop?
- Alan Grayson On Too Big to Faile Insurance Companies
- Standup Economist
- S&P500 Technical Analysis Mid-Month Update
- S&P500 Mid-Day Chart
- Major Indices Head Lower (May 13th)
- GM Future
- Where the Trillion dollars went?
- Indices' Short Term Supports
- The leader start to rolle over
- GM At Mercy Of Bondholders.
- High Yield Corporate Bond
- What if this rally has some legs!
- Job lost & GDP Outlook.
- NASDAQ closed below 200 SMA (May 7th)
- Treasury bonds at support level
- Market Technical Analysis
- Over 92% of NYSE Stocks Are Above 50 SMA
- S&P500 Possible Moves in May (Technical Analysis)
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May
(32)
Popular Articles
- Option ARMs Tsunami Is On The Way http://the-us-microeconomics.blogspot.com/2009/08/option-arm-tsunami-is-on-way.html
- QE2 positive and negative effects on the economy http://the-us-microeconomics.blogspot.com/2010/11/qe2-positive-and-negative-effects-on.html
- Japan Started The Second Rounds Of Quantitative easing http://the-us-microeconomics.blogspot.com/2010/10/japan-started-second-rounds-of.html
- The End of Mark-to-market Accounting Rules End of Transparency Era http://the-us-microeconomics.blogspot.com/2009/04/mark-to-market-accounting-rolls-end-of.html
- Why weak dollar is not good for U.S. economy? http://the-us-microeconomics.blogspot.com/2009/10/why-weak-dollar-is-not-good-for-us.html
- Bullish scenario, Inverted Head and Shoulders Pattern http://the-us-microeconomics.blogspot.com/2009/07/inverted-head-ans-shoulders-pattern.html
- Why Did LIBOR & TED Spread Drop? http://the-us-microeconomics.blogspot.com/2009/05/why-did-libor-ted-spread-drop.html
- Job lost & GDP Outlook http://the-us-microeconomics.blogspot.com/2009/05/job-lost-gdp.html
- Why Public-Private Investment Program(P-PIP) Will be a Failure? http://the-us-microeconomics.blogspot.com/2009/04/why-public-private-investment-program.html
About Me
- .
- I’m a financial analyst. I'm a bear. I use fundamentals and technical analysis in my investments. I’m a big supporter of the Austrian School of economic thought, but at the time of crisis I believe Keynesians get it right. I always have an eye on macro & microeconomics, I’m a contrarian analyst. Be advised that the views and opinions expressed here are subject to change based on market, economic and other conditions. They are the illustrations of broader economic themes and in no way guarantees your profitability by trading Securities mentioned. I do not claim or guarantee that you will profit from the information provided. I will not be held responsible for any investment actions that you take as a result of Securities mentioned. I’m neither your investment adviser nor your financial broker. Consult with your broker before start to trade any securities. Futures and options on futures trading involve substantial risk and is not a suitable investment for all type of investors. The information given is intended to be an aid to your own investment process, and your investment actions should solely be based upon your own decisions and research.
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