Overall market update - my thoughts (Nasdaq as an example)
Hey guys. Here are a few thoughts on the NASDAQ & the entire market - In the long term I am basically bullish, but still see some short signals that indicate a possible correction movement. The entire markets currently see no borders. Therefore, a correction after a few ATHs cannot be ruled out.
An important zone in the nasdaq chart is 13,300. A bounce at this point could lead to renewed aths. A close below 13,300 would be a sign that we could see an M correction. I have drawn this M in the chart for you. Here again 2 important signals:
1. Double top
2. Bearish exhaustion gap down
Sell in may and go away?
fact is that bonds are going up – also international! The reporting season & the dividend season is nearing the end. An economic recovery could already be included in the price. These facts could have an adverse effect on the market.
BUT: there is still a good mood in the international stock markets. The stock exchanges worldwide have increased by 80% in the past 12 months !!! After the corona crash and the rapid recovery up to the summer, including the subsequent consolidation, the stock markets have made another technical breakout. Incidentally, historically we are in one of the longest phases of a bull market. The corona "crash" can rather be seen as a small correction: D
My message to you: Be aware of these signals but don’t worry too much if you are investing long term!
BUT: The bull market could go on. One reason for this is rapid economic growth, a strong recovery in corporate profits and the increasing number of new investors in the stock market. Incidentally, I can't imagine much cheaper prices for our small cap stocks either. But I am not assuming that you are only invested in small cap stocks. Currently the market is very exciting. I will keep you up to date.
An important zone in the nasdaq chart is 13,300. A bounce at this point could lead to renewed aths. A close below 13,300 would be a sign that we could see an M correction. I have drawn this M in the chart for you. Here again 2 important signals:
1. Double top
2. Bearish exhaustion gap down
Sell in may and go away?
fact is that bonds are going up – also international! The reporting season & the dividend season is nearing the end. An economic recovery could already be included in the price. These facts could have an adverse effect on the market.
BUT: there is still a good mood in the international stock markets. The stock exchanges worldwide have increased by 80% in the past 12 months !!! After the corona crash and the rapid recovery up to the summer, including the subsequent consolidation, the stock markets have made another technical breakout. Incidentally, historically we are in one of the longest phases of a bull market. The corona "crash" can rather be seen as a small correction: D
My message to you: Be aware of these signals but don’t worry too much if you are investing long term!
BUT: The bull market could go on. One reason for this is rapid economic growth, a strong recovery in corporate profits and the increasing number of new investors in the stock market. Incidentally, I can't imagine much cheaper prices for our small cap stocks either. But I am not assuming that you are only invested in small cap stocks. Currently the market is very exciting. I will keep you up to date.
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