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Friday, June 05, 2009 

Investors more confident about stocks

Week after week the optimism has been re-inforced in the face of developments in equity markets and its main indicators. The spring is revealing itself in favor of developments in equity markets, as I had anticipated. Bulls are still controlling the market and it suppose to continue to control. The Nikkei took a sharp upward movement, but not yet conclusive, it marked a 'bull' sign after having quoted above the trend line of long-term. This movement happened days after the U.S. Dow Jones and S & P have broken the lines of long-term downward trend, after the last sessions were exceeded, respectively, the resistance of 8,500 points and 935 points. Now comes the summer and, consequently, the market will loss some liquidity that can make the optimism disappear for a moment. I still believe we should finish the year with the DowJones above 10,000 points and the SP in the area of 1000. But until that happens, we will certainly attend to some falls that may be violent or not depending on the speed of upward movement, but I think it could be an excellent opportunity for entry for those who missed the initial train.

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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