Ok! We got the side way action last week as I anticipated. S&P500 finished where it started.
This week we should go down. We are very overbought.
Pay attention to 1073 it could act as support. If S&P500 moves below 1066 bulls are in trouble. On the other hand if we shoot higher the next pull back will be bigger.
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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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Nov
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- S&P500 Weekly Forecast (Nov,10th,09)
- Real GDP Chart
- Market update 11/22/09
- The Importance Of 1100 For S&P500
- S&P500 Short Term Supports/Resistances Nov/10/09
- The Real Unemployment Is 17.5%
- S&P500 Possible Moves In November 2009
- Iranian anti-government protesters demonstrated
- Some thought on market Nov/2009
- Volcker on the economy
- Ted Spread as of (10/30/09)
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Nov
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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
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- 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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