N Rothschild
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Im bored so going to give a few tid bits now and again on how to do some proper analysis..and i dont mean TA guff.
Im bullish the SP atm (ofcourse sayings this outloud will prove me wrong)
There is about 30 reasons i am bullish as apposed to bearish..im not gona tell you most of them! but i will say one or two which will help the newbs out there think outside the box a little bit.
Markets open on tuesday.. 4 out of the last 5 years the first trading day of the year has been up. in general..first days of the week/month/quater is when funds do alot of their buying.."mutual fund monday". so on tuesday its the first day of the first month of the first quater. simples.
big bit of news on tuesday, the ism number! as much as the perma bears dislike it..there has been not bad data coming out of the us.
jobless claims hit a 3 year low in december before spiking up a little bit.
how does jobless claims compare to ism? well when claims drop, ism rises. as you can see in the chart. there is no point randomly guesing what kind of data is going to come out and guessing where the market will go..you need to look for actual relationships which can give an indication of whats going to happen.
so if we are to go up on monday i expect it to be driven by a good ism number.
maybe post some more later...
(orange jobless claims green ism)
Im bullish the SP atm (ofcourse sayings this outloud will prove me wrong)
There is about 30 reasons i am bullish as apposed to bearish..im not gona tell you most of them! but i will say one or two which will help the newbs out there think outside the box a little bit.
Markets open on tuesday.. 4 out of the last 5 years the first trading day of the year has been up. in general..first days of the week/month/quater is when funds do alot of their buying.."mutual fund monday". so on tuesday its the first day of the first month of the first quater. simples.
big bit of news on tuesday, the ism number! as much as the perma bears dislike it..there has been not bad data coming out of the us.
jobless claims hit a 3 year low in december before spiking up a little bit.
how does jobless claims compare to ism? well when claims drop, ism rises. as you can see in the chart. there is no point randomly guesing what kind of data is going to come out and guessing where the market will go..you need to look for actual relationships which can give an indication of whats going to happen.
so if we are to go up on monday i expect it to be driven by a good ism number.
maybe post some more later...
(orange jobless claims green ism)