NOW TRENDING OIL !

 Oil is now trending as surprising as this now sounds.   Oil has clawed its way back and it now is less volatile and likely to stay above $...

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Retired but always looking for new challenges.

Monday, December 2, 2013

THE MARKET STILL ADVANCES

24/12 ALERT The US CONGRESS and SENATE have found common ground,which is likely to result in a 2 year buget deal and avoid a shutdown,like the one that resulted in partial shutdown of the US government recently.Indeed a wonderful Xmas present for stock markets worldwide,which is giving an extra boost to this "feel good" rally.

18/12 ALERT 9.30 PM South African Time.
The American taper has started,catching the market by surprise.It has just been announced by Ben Bernanke.Suprisingly the DOW responded by increasing in price!The bond buying program also known as quantitive easing is being reduced from 85 billion to 75 billion Dollars.

The market still advances on the "Feel Good" basis,which has carried the market to  new heights in many bourses world wide.As traders thin as the year end nears,it is difficult to say at this stage if some of these prices will hold early in the new year.

12/12 ALERT The market has gone down with a thump this morning after trading sideways for a number of days.Reasons could be that part of the futures close out was done earlier than usual,yesterday, with Xmas in mind.Nowprices are being re-set to what traders think the market will be on the 14 plus of March.

NOTE 4. It's all about quality of life and finding a happy balance between work and friends and Family  -Philip Green

NOTE 3.NOW FOR SOMETHING DIFFERENT SEE
http://touristssouthafrica.blogspot.com

2.AUTUMN UPDATE NOW IN PLACE ABOVE DEC 9

1.See WINTER LIST UPDATE ABOVE DEC 5

This has been an exceptonal year on most indexes with around 50% plus  advances.We can expect a holding pattern or slightly down wards as  the market is now over bought.
This is not to say that further advances will not occur next year and we fully expect the main indecis to advance by at least another third.Do remember the recession lasted from 2008 till early last year,so markets generally are not over bought over the longer term as they came off very low bases.Heres wishing all traders a marvellous trading year AHEAD.Thanks for the support as with out your patronage these columns would be written.