Beside DJI, Nasdaq 100 and S&P 500

viktor_k67

Junior member
41 2
Everybody is focused on the DJI, S&P 500 and Nasdaq 100, it looks like no one want to look at the rest of the indexes. Are we afraid???

DJU and DJT are in deep correction.

Staring from May 28 of 2015 more stocks listed in the NYSE Composite index are traded closer to their 52 week lows. For almost two months when we have more bearish stocks on the market. Right now, 1784 stocks from the NYSE index traded closer to their 52 weeks lows, 621 of which are traded in the 5% range from their 52 week lows:
http://www.marketvolume.com/quotes/breadthindexhighlowrangechart.asp?s=NYA&r=50

I am not suggesting the market will crash, but I would say there are a lot of points to consider:

1. Dollar getting stronger and it does not looks it will change its trend

2. FED rate most likely coming

3. Oil getting cheaper

4. Greece still can generate quite negative surprises

5. China market is in recession

6. Most stocks on the NYSE in a deep correction

7. When news are released, market react on negative news and ignore positive ones. Example, AAPL good earnings and bad expectations.. Shouldn't this ignorance of good reports scare us???
 

Atilla

Legendary member
19,240 2,765
Everybody is focused on the DJI, S&P 500 and Nasdaq 100, it looks like no one want to look at the rest of the indexes. Are we afraid???

DJU and DJT are in deep correction.

Staring from May 28 of 2015 more stocks listed in the NYSE Composite index are traded closer to their 52 week lows. For almost two months when we have more bearish stocks on the market. Right now, 1784 stocks from the NYSE index traded closer to their 52 weeks lows, 621 of which are traded in the 5% range from their 52 week lows:
http://www.marketvolume.com/quotes/breadthindexhighlowrangechart.asp?s=NYA&r=50

I am not suggesting the market will crash, but I would say there are a lot of points to consider:

1. Dollar getting stronger and it does not looks it will change its trend

2. FED rate most likely coming

3. Oil getting cheaper

4. Greece still can generate quite negative surprises

5. China market is in recession

6. Most stocks on the NYSE in a deep correction

7. When news are released, market react on negative news and ignore positive ones. Example, AAPL good earnings and bad expectations.. Shouldn't this ignorance of good reports scare us???

It's all about earnings not hype. AAPL has spent all it's hype and dampened it somewhat by not releasing watch numbers???

However, if AAPL's biggest market is China and by your point 5. China is going into recession coupled with iphone6 sale numbers below expectation, then does it not go without saying that next earning results likely to be even lower?

Where do you see growth?

If iphone7 doesn't beat expectations and demand in China falters and new IOS upgrades cause roll out/update issues you are looking at a very over-priced AAPL.

:idea:
 
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