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DJI

Melt upMost overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched all time highs today. Watching ETNOW and CNBC in India is funny. Their condescending opinions about markets are the daily dose of entertainment for me. Even more amusing is how the opinions turn on a dime day over day. With all due respect though. It's a tough job they have. I wouldn't fair better in all honesty. But investors should.
TVC:DJIShort
by Kaustubh
7
Are we heading towards a NASTY GLOBAL CRASH! #DJI # NIFTYI have been tracking the DOW JONES weekly chart from the last couple of months when it started showing consecutive green days regardless of global factors, earning reports, etc. So what intrigues me out of the weekly chart is the hastiness of the DOW towards the upper band of what appears to be a forming RISING WEDGE. DOWs rise recently has been crazy to say the least. Last month would make even the dumb money feel like a Buffett or a Jesse. Its been on a continuous rise, plain and simple, no matter what. Now according to the chart we can take the spot levels of anywhere between 23450-23650 to be the reversal zone for DOW and it might retrace all the way down towards the lower band of the RISING WEDGE and by that time if the relevant factors are weak then it might fall down and then we'll be looking for a new support level but that would be a big downfall(CRASH) and also the global markets will follow the pattern. And as far as our markets are concerned what I found interesting was that Nifty is also making the same pattern of RISING WEDGE on the weekly chart. Investors should keep an eye on these things and should be aware, whereas for the traders, you know how we do it! SNAPSHOT OF NIFTY RISING WEDGE on WEEKLY CHART
DJ:DJI
by FIROZMANIA
Global risk (equity) marketsAfter the fox paus of North Korea, and despite the best efforts of US admin to fuck things up, normalcy is restored. Normalcy by definition is abnormal though these days. So be on your tows. Over next few days, week or two, it's the most bullish of bull market all around! Medium to long term is unknown. But it's great time to make some money in short term. For one, there are a lots of shorts out there considering the headwinds out there. And two, equal measure are willing to buy on dips. So in any impromptu move up, shorts get burned and longs will tag along. I, for one, am definitely expecting a short and sharp burst up in US equities. And that should see a follow through in other markets. There is always a fear of Kim Jong Un doing something stupid. But what the world doesn't understand is Kim isn't stupid. Trump is. As long as General Kelly keeps doing a great job he's been doing so far, any Trump shorts will burn. And that's a great news for risk markets all around. Make hay while the Sum shines. The Sun won't shine forever though. I have a feeling when Trump sees Kelly getting some credits he will push on to satisfy his narcissism and dump the risk on trade. So that should still give us a couple of weeks. For Indian markets. the high beta and leaders like MARUTI, RELIANCE, HDFCBANK should translate well.
TVC:SPXLong
by Kaustubh