We are only 4 trading days away from closing 2015 trading.....
Tuesday is the last day for booking gains or losses for 2015....
When analysing last 4 days, we have to factor the following :
-We closed @ low of the day on Friday....
-Dow & S&P 500 are below 50 DMA
-Tuesday is last day for 2015 trade
-It is week end, month end and year end on Thursday
We need to assess how each of the above factor will impact last 4 trading days...
Monday MAY carry over selling from Friday...
Tuesday may have more selling as it is the last trading day of 2015
Wednesday & Thursday may bring spirited buying to close 2015......
SO..IF you are planning a sale or buying for 2016, you may consider last 4 days pattern......
It is never easy to make a prediction for any trading day, but it is important to "play with odds"
Nasdaq is ahead in 2015 so far by 6.6%
S&P 500 is UP 2.09 points.
Dow is the laggard by being down 1.52%
Looking ahead to 2016.......
Many technicians & fundamental gurus are saying that FANG will lag other trading / investing concept.......
Energy, Solar, Base Metals may outperform other ideas.....
It is important to look @ other sectors instead of being fixated on prominent 25 names.......
From all indicators 2016 may prove to be even tougher year than 2015.......
Fed is raising rates, 3 more rate increase to come......
World economy is being impacted by lower oil prices, good for importers but extremely bad for exporters......
Natural Gas is @ 12 year low prices, again good for users but bad for producers.....
Gold is in downtrend hugging the bottom of many many years.....
Computer sales are going down 10%++++ impacting many tech companies.....
Tablets & smartphones sales are tapering off
Car sales are booming
Gas prices are low
Retail sales are struggling.....
Hackers are quiet these days also.....
As you can see that many well know areas are not expected to perform well, thus a challenging year in 2016.....
Good luck with your own analysis and take of 2016 market environment.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Added to WLH @ 16.377
Added to BAC @ 17.06
These positions were only about half my normal each just as a result of cash I had on hand when I purchased them initially. This rounds out the position sizes in each. I'm back to no cash.
Stocktrader
Hi Stocktrader,
Good luck with WLH & BAC.
Saleem
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