Things may be looking up short term, but look at the chart S & P 500 from about 1997 until today…will this repeat once more?
I can’t say that this type of formation means anything at all to a chartist and I am not good at forecasting the future, but it is interesting to ponder.
What did I see in my weekend review?
The 10-yr Treasury yield is at 1.875
IBD (Investor Business Daily) : Confirmed Uptrend
Copernicus Systems: is Long
Moneys Flows: All up and all positive
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
RGR -5.66% continues to recover
ETF’s for a trade are:
What will I do?
Purchases this week of EWZ (Brazil) FXI (China) EEM (Emerging Markets) are off to a less than stellar start, but this still seems safer and more interesting than US or European stocks
SOHU a profitable (supposedly) Chinese online media company looks interesting