It was a very volatile session overnight, with most European Indices falling aggressively as confidence in Mario Draghi's ability to drag the region out of...
It was a very volatile session overnight, with most European Indices falling aggressively as confidence in Mario Draghi's ability to drag the region out of economic stagnation faltered. Markets are focusing on their own problems, or strengths e.g. The ASX200 has fallen 7.7%, as markets focused on our weakening currency. I am starting to become neutral from negative on a number of equity markets, after a savage few weeks. I love my statistics and the following is a powerful number: •Over the 34 years since 1980, the October/November/December period on the S&P500 has a median gain of nearly 5.3% (7.8% since 2001!). This is not a guarantee that the market will rally, but historically this is a very dangerous time to be selling US equities. I remain of the opinion that the US markets' rally is mature in nature and may have the momentum to push into 2015 prior to significant pullback. I now have initial buy signals on 2 of the 5 indices I watch closely and only a sell on one still in play: (VIEW LINK)
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