After the rally on the markets following attempts to “rescue” the eurozone, my message is let’s not get too carried away. One thing the technical charts are telling us is that we have yet to plough through some key resistance areas before we can call this a win for the bulls.
I still remain pretty much bearish on the stock markets for the month ahead. So far both the Dow and S&P emini-futures have failed to close above their respective 21 moving averages. However, if they do show any signs of follow-through and make some gains, we need to keep an eye on how the stock market indices are going to act near upcoming hurdles.
See video for update on stocks and silver.
Link to this post!
first!
These candles will go out – resistance is futile. Best one can do is to spend all you have while you can – like Greece did. The bears will not have much pleasure with their profits though, unless they finally develop a way to make money edible.
Yes! This just gets better and better. Bravo!
Thank you very much. 🙂
Agreed. resistance points need to be breached first, until then it’ll be a volatile sideways market. So, you’d recommend some calendar spreads that will collect time premium until we’ve got a clear direction either way?
Very interesting! Thanx for the commentary!:)
I believe that the main reason for the rally is not the hopes for the big bailout fund, but rather end of month / quarter flows that correct the falls seen earlier in the quarter. This positively affects stocks and also the euro.
Next week will likely be different…
Alessio – You say you’re “pretty much bearish on the stock markets for the month ahead”. If you were put on the spot,how low would you predict the FTSE 100 will be by the end of October? 4,500? 4,000?
hate the fact that I’m so clueless about what is going on, I understand you videos though, have a lot to learn however.
Any useful reads or sites I should be visiting?
Good stuff Alessio – Analysis aside, what are your thoughts on Tradestation over Metatrader?
I dont think everything will be hunky dori too. Lots of bad news yet to come. P.s i sent you an email yesterday about your sight design please have a read and reply.
u use tradestation i see, what quote service do u se and haw do you connect it to tradestation?
Greece will be granted with the next installment of the bailout, but it is agreed that no contribution will be added again, instead, the suspension of payments will be approved at the beginning of 2012.
Spain and Italy will ask for bailout funds between January and March 2012
Sometime in 2013, both, Spain and Italy will declare bankruptcy. Then, other countries will follow the same fate.
U.S. and Europe in 2013 will suffer the worst financial crisis in its history.
At that time, you will feel fear.
This is an ghb-insider contribution
Mistakes are required.
034816-blogmessage
you need to grow yer hair longer and tie it back. In the US we call it a “ponytail”, and it just means you don’t give a damn. In the East- there is a lot more to it. See Mark Faber. long srty calls- and yeah- thats me- at the offer on the QID1 jan 2013’s. I think one other entity has some.
Invest in Turkish Stock Market ! according to our media thats the best
My advice? Read ZeroHedge everyday. Naked Capitalism is good for fun too.
Marco – Tradestation can also give you realtime prices and quotes, plus a platform to trade on. Thanks for your question.
PLEASE EXPLAIN SINCE YOU ARE WORKING FOR A CHEMICAL COMPANY? THIS FEAR WILL CAUSE CHEMICAL WAR?
Greece will be granted with the next installment of the bailout, but it is agreed that no contribution will be added again, instead, the suspension of payments will be approved at the beginning of 2012.
Spain and Italy will ask for bailout funds between January and March 2012
Sometime in 2013, both, Spain and Italy will declare bankruptcy. Then, other countries will follow the same fate.
U.S. and Europe in 2013 will suffer the worst financial crisis in its history.
At that time, you will feel fear.
This is an ghb-insider contribution
Mistakes are required.
034816-blogmessage
Thank you Joshy for your input. But I don’t work for a chemical company. lol
Alessio,
I struggle to follow your videos particularly around key decision points. I find your technical analysis vague at best. I think a good place to start is identifying the trend – I am interested in your thoughts
kind regards
Arran
Hi Alessio,
Could you produce these market updates more frequently? I enjoy listening to your technical analysis of the S&P 500.
Thanks
Glenn