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*****We are just one week before the all important "Black Friday" report for the markets. Expectations may be already built into this market and as a result a check or a pullback may come immediately after or even before Thanksgiving weekend.
That said, we should also remember that new highs without a check, will come at a cost that may go more deeply than we expect. Any little thing could set up a quick pullback which may turn ugly if we continue with this steep enthusiasm, so be on your toes, listen to the news, and always be ready for change.
Happy Trading, Living and Dancing
Anni
©DayTrading with Anni 2007 - 2014 All Rights Reserved
Monday, November 17, 2014
Sunday, November 9, 2014
The Weekly Market Outlook - Curb Your Enthusiasm
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*****Post the elections this past week the market took a decided positive turn as the media once again stuffed our heads full of analysis. What it reveals is that we are usually happy about change and usually believe that change will take us on a positive path.
The eagerness with which the indexes soared seemingly put caution to the wind. It seems that once more traders and investors see no downside to any of the action, as if only the upside is possible after the results. No wonder that they call it the "honeymoon" effect since we tend to forget that it usually takes a long time for anything to change in Washington and even longer for all of us to reap the so called "benefits".
It will be interesting how it plays out in the long run. In the short term however party on but it may also be wise to remember that the changing of the guard will not happen until the beginning of the New Year which is still weeks aways giving ample time for party crashers and mischief makers.
Happy Trading, Living and Dancing
Anni
©DayTrading with Anni 2007 - 2014 All Rights Reserved
The eagerness with which the indexes soared seemingly put caution to the wind. It seems that once more traders and investors see no downside to any of the action, as if only the upside is possible after the results. No wonder that they call it the "honeymoon" effect since we tend to forget that it usually takes a long time for anything to change in Washington and even longer for all of us to reap the so called "benefits".
It will be interesting how it plays out in the long run. In the short term however party on but it may also be wise to remember that the changing of the guard will not happen until the beginning of the New Year which is still weeks aways giving ample time for party crashers and mischief makers.
Happy Trading, Living and Dancing
Anni
©DayTrading with Anni 2007 - 2014 All Rights Reserved
Tuesday, November 4, 2014
The Weekly Market Outlook - Waiting for Results
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*****Markets were boosted by earnings results for the past two weeks, coupled with enthusiasm about Japan's quantitative easing. Now, we will take a breath waiting for election day and results, unless it is already decided that it will matter none.
It is interesting that the USA may totally dis-empower Congress and leave all decisions about its well being in the hands of the Executive branch along with the FED. Certainly it has been moving in that direction for quite some time and if I'm right, the reaction to the election results will be nothing more than a possible pause. Elections at one time were important, people really cared about who was going to represent them in the Houses of Congress and Senate, and waited sometimes at the edge of their seats. After all Congress is supposed to have the power to decide on spending, but alas they have allowed themselves to be reduced to nothing but stamps of approval about how the Fed thinks and the President wants, in that order. So waiting for results on the elections, I see as no "biggee".
Waiting, however, for $BABA earnings result will be much bigger news and I bet there will be many more watchers for it; Therefore a favorable report will probably see the markets jump with joy along with $YHOO.
I recorded the Outlook as usual, on Sunday but posting it late Monday due to a delay; a technical glitch and a lack of attention. It stands as I saw it then, so wait no more and listen on:
Happy Trading, Living and Dancing
Anni
©DayTrading with Anni 2007 - 2014 All Rights Reserved
It is interesting that the USA may totally dis-empower Congress and leave all decisions about its well being in the hands of the Executive branch along with the FED. Certainly it has been moving in that direction for quite some time and if I'm right, the reaction to the election results will be nothing more than a possible pause. Elections at one time were important, people really cared about who was going to represent them in the Houses of Congress and Senate, and waited sometimes at the edge of their seats. After all Congress is supposed to have the power to decide on spending, but alas they have allowed themselves to be reduced to nothing but stamps of approval about how the Fed thinks and the President wants, in that order. So waiting for results on the elections, I see as no "biggee".
Waiting, however, for $BABA earnings result will be much bigger news and I bet there will be many more watchers for it; Therefore a favorable report will probably see the markets jump with joy along with $YHOO.
I recorded the Outlook as usual, on Sunday but posting it late Monday due to a delay; a technical glitch and a lack of attention. It stands as I saw it then, so wait no more and listen on:
Happy Trading, Living and Dancing
Anni
©DayTrading with Anni 2007 - 2014 All Rights Reserved
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