Tag Archives: Sell off

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.

Spx

(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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Sell off on friday

A big drop for U.S tech stocks on friday. Nasdaq was down -2,60% on friday. S&P 500 -1,25% and the Dow -0,96%. Nikkei is also down today, together with the other Asian markets. Nikkei is down -1,69%.

Europe is also down today. Stoxx 50 is down -0,89%. FTSE 100 -0,71%. CAC 40 -0,72% and DAX -1,24%. At the same time, you can see the commodities trading down too. Gold is down -0,16%. Silver is down -0,33%. Crude oil (Brent) -0,95%, and Copper -0,13%.

Nadaq

(Nasdaq: Apris 4, 2014)

Many investors have talked about the valuations in the tech stocks for a while now, and many predicted a tech bubble was on the way. I wrote about it for some weeks ago, and I said Twitter was the most expensive stock in this universe.

52 Week high for Twitter is 74,73, and the stock traded down -2,07% on friday. Twitter is down about 50% from the top very soon. Marketers are embracing Facebook over Twitter, and they will rather go for Youtube and LinkedIn before Twitter.

Sometimes investors need to take some profit and friday was a great day for that. It seems like the U.S markets will open down today. I`m excited about the trading sessions, not only today, but for the rest of this week. Take a look at the dollar. It`s up!

Tech and biotech is so far the most popular sectors in 2014, but both of them slide now. Many tech stocks are trading down in Europe too. This is a great time for daytraders. I will follow the charts this week before I start my vacation on friday. Easter bunny is waiting.

 

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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Filed under Commodities, Stock market, Stocks