Tag Archives: Profit taking

Is this the end of the bull market?

Gold is up +0,61% to $1,311,40, and Silver is up +1,02% to $20,11. Crude oil (brent) is up +0,52% to $106,37. Copper is down -0,03% to $303,85. It`s all red in the Euro Zone today, while the indices are little changed.


(Chart: S&P 500 Index)

Nikkei slid to a two-week low today. The Japanese shares fell 1,4%. The BOJ (Bank of Japan) stood pat on policy after a 2-day meeting, and gains in the yen also hurt the sentiment. It was mixed in the Asian markets today.

Dow seems to open up today, while S&P 500 open in a red territory. EUR/USD is trading at 1,3762. Up + 0,17%. Sectors: Telecoms is down -0,78%. Financials is down -0,43%, while the Energy sector is up +0,02%.

Some investors are scared and want to take some profits now. Other investors see opportunities like some talking heads at CNBC. They belive a «bear case» is almost impossible based on the job data and other economic numbers.

It`s difficult to predict the next move in the market. Other investors say that the stock exchange is more like a casino right now. All driven by robots. Nobody knows where the Easter Bunny will jump!

Reports today:

10:00 a.m EST JOLTS Job Openings
01:30 a.m EST FOMC Member Kocherlakota Speaks
02:45 a.m EST FOMC Member Plosser Speaks

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.


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