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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Time To Buy Stocks In The Face Of Fear?

Stock-Markets / Stock Markets 2011 Feb 23, 2011 - 03:35 PM GMT

By: David_Grandey

Stock-Markets Best Financial Markets Analysis ArticleThe MARKETS HATE UNCERTAINTY and that’s where we are at currently.

That uncertainty can be summed up in a few words MID-EAST, from Libya to Bahrain and then some is what’s creating the uncertainty. Should Libya fall then some of the uncertainty will with it. We’ve all seen it before once some sort of certainty comes back into the markets the futures will be up big in after hours markets (think 1991 Iraq). When Libya’s Saturday Night Live dictator falls (and how), sure it could create a knee jerk down on the news event but keep in mind fast that a level of uncertainty will have diminished too.


But here is the catch, at what level will it start and when? Short term here we are tagging some technical levels so be aware.

We are all for in the face of fear errrr uncertainty around here but we aren’t for loading up the truck either on the long side until we see some stabilization. We’ll take it one step at a time and nibble for some long side exposure in some of the key leaders that are still intact.

Let’s look at a little index action right now:

Well folks here we are in the face of uncertainty at/below the 50 day average. See that thin blue line? It’s the next support level should this 50 day average level not stick. As you can see the Full Stoh’s (below the chart) are getting into the oversold zone much like last time so we are technically speaking getting close to some sort of level where stabilization could occur.

The S&P 500 as usual looks a tad different but the blue lines and the 50 day are your guide. An event could be what it’s going to take to get this issue to the 50-day or even the 1275 support level. But that’s just one more bad day in the indexes and we are basically there.

    By David Grandey

    www.allabouttrends.net

    To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

    © 2011 Copyright  David Grandey- All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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