Filed Under (Hot Stock Tips) by Admin on 13-03-2009
Filed under: Other issues, Management, Rants and raves, Google (GOOG), General Electric (GE), Time Warner (TWX), Berkshire Hathaway (BRK.A), Citigroup Inc. (C), Headline news, Recession
Heading into the week’s end, we find that the ground under Wall Street has shifted a little. For at least one week this year, investors have looked at the glass as half full, lending some support to a story I posted earlier in the week: Is the stock market spring loaded? Could it move 3,000 points higher now?
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Filed Under (Finance Help) by Admin on 13-03-2009
The KLCI closed at 838.39 points, 3.55 percent lower than the previous corresponding week. The trading range was 27.7 points, between 836.51 and 864.20. The previous corresponding week trading range was only 8 points. The volatility is caused by the selling pressure. The volatility started to expand when the KLCI broke the support level of the correction 2 weeks ago.
The down trend on the KLCI continues with more selling pressure in the short term. The short to long term 30 and 90 day moving averages are currently near the same level and heading downwards. Momentum indicators are still showing very strong bearish strength. The RSI indicator continues to dive and is now at the five months low, although price is just at three months low. The ADX indicator is also indicating that there is no slowing down in bearish pressure. The PDI and MDI in the ADX indicator are still diverging.
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Filed Under (Investor News) by Admin on 13-03-2009
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
In the past couple of days we have seen a spike in the stock market. The cause is the rosy picture of hope painted by the news of Citibank’s profits. Apart from that the market has experienced one of its all time lows. Years of hard earned wealth has disappeared within the blink of an eye - just like that!
In this scenario it is hard to have patience and keep faith in a market and political scenario when most of us don’t have a clear understanding as to what the future holds for us. Also, the dwindling value of our portfolios have made most of us wonder like Eric did: Read the rest of this entry »
