大盘见顶了吗?

Worries are back

They’re back. The worries about some European country just had to surface and pretty much on time as this was written about here only days ago. Worries about Spain did surface last

night as the report that sales of their debt was below expectations and the latest offering was not completely sold out so the market now has something to worry about.



The pullback that we have been anticipating on a short term basis is probably starting but it is likely that this first drop will be met with more buying. Use that rebound to sell long positions into as well as reducing

some longs now if you are not willing to ride it out if the market pulls back more than expected. This is the third attempt at moving above 13,275 on the Dow30 and as I’ve been preaching loudly to be cautious and consider reducing long positions. The market indexes are still in

an uptrend but the trading action and the lack of positive news could cause a pullback.



Tomorrow [Thursday] is the last trading day this week but we have Initial job claims tomorrow and Unemployment rate report on Friday. If we see something from these economic reports that aren’t upsetting to the market, Monday should see a rebound.



Consider selling more long positions into that rebound.



The Dow30 was down 0.95%, Nasdaq Composite was down

1.46%, the S&P 500 was down 1.02% and the Russell 2000

was down 1.73%. The CBOE Volatility Index which is a

gauge used to measure fear in the market place was up

4.9%.

In economic news, the ADP Employment Change reported an addition of 209K new jobs in March. This was slightly less

than the 213K private jobs that were expected. ISM Services came in at 56.0 which also was below expectations.

MON, Monsanto reported better than expected earnings on Wednesday but shares were still down 1.4% at the close.

BBBY, Bed Bath & Beyond reported better than expected earnings during after market hours Wednesday and shares were

up nearly 5%.

Remember the market is closed Friday April 6th in observance of Good Friday. The Unemployment Rate and Nonfarm

Payroll numbers will still be released on Friday as scheduled.

 
Definitely toppings !

One interesting question is how many days or months we will see S&P 500 in 1300's....
 
Should You Be Buying the Dip or Taking Profits?

"Be careful what you wish for" the old saying goes, "because you just might get it." That now what? scenario is exactly the situation facing investors today, as the market appears set to deliver the most sought-after sell-off in years. Prior to today's trade, the S&P 500 has fallen the past three sessions and has shed 1% since the FOMC meeting minutes were released at 2pm last Tuesday.

"We've been looking for something on the order of 3-5%, but would not be surprised to see it go 5-10%," says Mark Luschini, chief investment strategist at Janney Montgomery Scott. "Frankly it would be a healthy restoration of valuations that have gotten a bit stretched given the quarter we've had in the equity markets and we'd view it opportunistically rather than as something to fear."

As much as I am glad to hear the captain of my cruise liner is remaining calm and not about to abandon ship, there are at least a few things that trouble me about this retreat so far.

First, it's been the on-demand dip and markets rarely deliver what everyone wants or expects.

Second, the downside has been way too orderly so far, and that scares me, because we all know that it takes a whole lot more than a 0.7% slide to put the fear of God into investors again. A couple of 300 or 400 or 500 point, single-day, plunges in the Dow might do the trick.

Finally, 2011 is still fresh in our minds, where April turned out to be the starting point of a six-month, 20% hammering.

Other than that, Mrs. Lincoln, the sell-off seems to be just about perfect.

"This could also take on sort of a self-fulfilling prophecy because if we do get some carry through, investors may say, 'ah-ha, this is the correction we've been waiting for' --- and to the extent that they've been nervously long, they may actually use the opportunity to sell into it, and as a consequence, exacerbate the decline," Luschini hypothesizes.

For now, his strategy is to put together a shopping list that kicks in ''once we breach 3% or so," at which point it becomes hunting season. For Luschini, that would put the Energy (XLE), Financials (XLF), and Technology (XLK) sectors in his crosshairs, as well as the Regional Banks (KRE) and Homebuilders (XHB) on a sub-industry basis.

http://finance.yahoo.com/blogs/breakout/buying-dip-taking-profits-120441943.html
 
Investment is really no fun if one has to worry about market being up or down 20%. Instead, one should be happy if market is up or down 20%, either way... The trick is of course on how :-)
 
Investment is really no fun if one has to worry about market being up or down 20%. Instead, one should be happy if market is up or down 20%, either way... The trick is of course on how :-)



你不是总在问,面对同样的走势图,为什么有人赚有人赔吗?走势图虽然是一个,但是交易的时间各自不同。

看看这个图吧,我是2月8号9号2天清仓,不是最高点,但是比现在好很多。2月底是最高点。如果还hold到今天,就很难办。

 

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hm... TSX venture...Bravo!

TSX is different in that it is heavily weighted in commodities...In any case, it is still a wonder the chart is of any guidance ... like looking at rear mirror while driving a car ...

However, any proven track record (over a long-term) is valuable...
 
Investment is really no fun if one has to worry about market being up or down 20%. Instead, one should be happy if market is up or down 20%, either way... The trick is of course on how :-)


Agree, retail investors should be happy with +-20% flunctuation either side.
 
hm... TSX venture...Bravo!

TSX is different in that it is heavily weighted in commodities...In any case, it is still a wonder the chart is of any guidance ... like looking at rear mirror while driving a car ...

However, any proven track record (over a long-term) is valuable...


投机比开车难太多了,没有可比性。
 
跌的这么狠? BMO Special Equity Fund才跌了5%啊。
2% management fee简直是抢劫。 我几十个ticker一年的交易费加起来都没那么多。
 
跌的这么狠? BMO Special Equity Fund才跌了5%啊。
2% management fee简直是抢劫。 我几十个ticker一年的交易费加起来都没那么多。

BMO Resource Fund 从2月的36.xx跌到现在的31.xx
BMO Precious Metals Fund 从去年10月到现在跌20%
 
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