‘Godfather’ of chart analysis says the stock-market correction is over
Said Barbara Kollmeyer
Technical analyst Ralph Acampora went on a mini tweet storm a day after Wall Street stocks closed at 2016 highs
Rebound will keep happening for commodities, emerging markets, says Ralph Acampora
The direction for stocks is north, says this technical guru.
Ive never heard of Ralphy, but he must have a nice reputation. We'll see what happens.
So, t rowe price manages my 401k and there will be some changes since April 1 will be the day Cameron and Schlumberger merge. I wont be able to buy CAM anymore and for some reason SLB will not be available for me to buy. I chose to buy DFEMX which is an emerging markets fund. i only have 16 different assets to buy and most either move the same or lack volatility. My options are very limited but ill make it work. DFEMX is about 20% from its all time high and has been in a trendless slump for a few years. It has a weird chart with many holdings. Maybe it will crash for me, maybe not. I hope i will benefit from it if oil goes up, dollar goes down, china goes up or something major happens. Its chart mirrors Ford Motor Co which i cant explain. Ford will probably move lower so maybe that means i can get a better price for DFEMX. :-)
Its getting boring. The sp500 is hovering a little below its all time highs. Oil is going up like a snail but thats something. Most of the action lately has been for swing traders and day traders. Im still buying CAM which will become SLB, so im basically getting SLB about 35% off its high. Thats a good thing. Hopefully my 401k will have something that drops when SLB moves up above $85.
The equity market is still being propped up. Oil is rising but the dollar is falling. This is keeping buying and selling pressures about the same. The sp500 is not too far from its all time highs again. Equities will need a decent storm to knock over the current house before there is a real downturn. The house is propped up pretty well. Im thinking a major market selloff is now pending our presidential election. I need to check my 401k choices to see if anything is low. My current choice probably wont be a good deal anymore by this fall.
Someone decsribed the market as the walking dead. Right now a snapshot of the health of public companies will be ok on average. people argue this and that. At the end of the day, we have an equity market which is now trendless after years of solid expansion which took indices to new all time highs. There would have to be some fundamental change to be the cataclyst for another expansion. I dont see anything right now. There is no excitement about any particular industry carrying the rest. There is no breakthrough techology changing everyones lives right now. If you are arguing against a major market downturn, you are basically arguing against business cycles. At best, the equity market will go sideways for another year or two, then start another expansion. Hopefully i will.be able to buy indices cheap in my 401k soon. Oil wont be at a big discount much longer.
I will invest in myself (increase my debt) by earning an MBA within the next couple of years. That should allow me to learn a little more, earn more money and probably come up with a couple ideas i would not have otherwise.
Maybe i can directly manage assets or do something indirectly related to investing one day. Or something entirely different, who knows. Either way i will always grow my personal investments. If i am a little luck and make some good decisions, i can hang out on nice beaches often in the second half of my life. I will plan on taking advantage of deferred taxes on my 401k to slowly bleed it dry when i stop working by my mid sixties. Hopefully i can save up at least a few hundred thousand to trade with by 40 and then maybe retire early at 45. Just hang out and manage my money from then on. And buy things for my wife.
I guess i have it all figured out, so easy. No roadblocks im sure.
Industries go through business cycles, people go through opinion cycles.
I have listened to financial news often for a while now, years really. I hear the same opinions at different times. Generally, people who like to give their opinions either try to predict where a market is headed or explain where a market currently is. In the media, i hear every opinion all the time, so that doesnt help. Predicting is impossible so i ignore that completely. Current status is valuable and i pay attention to that. Opinions on current status of a market goes through a cycle. I didnt need to be aware of this cycle to make money on my oil stock but in hindsight i see it as another confirmation one could use.
When a market peaks, certain opinions are more common. When a market starts to drop others are more common. The same goes for when a drop has gone on for awhile, when a bottom is met, when a rise begins, when a rise has gone on for awhile and back to the peak.
I always hear every opinion but there is usually a more common opinion at any moment or maybe a lack of or a certain combination. The questions people ask change throughout a the cycle too. Right now people are surprised to hear someone is investing in oil even though most believe oil is only going up this year. Its as if most agree oil will probably go up, opinions differ by how much, but if someone actually backs up what they say...oh wow, they have skin in the game, i wonder what will happen, interesting.....which doesnt make sense to me at first. Then i remember how financial news media is dominated by people who have no real confidence. They either talk for a living and merely dabble here and there with trading assets, or they follow random textbook style protocols while managing other peoples money, not their own money. So either way their is a psychological barrier keeping them safe, keeping them from being wrong and losing all THEIR OWN money. No confidence. No skin in the game. Thats a weird saying.
Many will start to get into oil now, after several companies have gained at least 10 or 15 percent. But the time to really get in was when people were obsessed with falling rig counts and layoffs.
By Anora Mahmudova, MarketWatch
Trading volume above 2015 average in each session, so far this year
Wall Street lacks conviction. At least, that’s what one metric shows.
Trading volume have been lower on upbeat trading days compared with days in which stocks swing lower, according to Ryan Larson, head of equity trading at RBC Global Asset Management.
Add this to the about-to-fall-off-the-cliff appearance of the overall market, and you have a negative outlook. We will see what really happens.
When voting i just focus on who would help create a better economy. The candidates mostly talk about beating each other. The main political topics are immigration and terrorism. Sometimes someone mentions keeping jobs in america. The media focuses on name calling, so the candidates call each other names since voters are watching their tv's. The economy is the most important thing to me. A good one makes everyone happier.
Clinton-
Sanders-
Trump-
Cruz-
Rubio-
