Coming week is full of high profile impact scenario......
From Tuesday earnings will take hold with AAPL,Wednesday FB, BABA & AMZN Thursday....
Wednesday @ 2 PM, Fed will issue their policy statement and have a chance to tone down their 4 increase scenario.
Friday is US GDP, expectations are 0.8% growth......IF we miss this low number, talk of recession will hit CNBC......
SO...we had 2 day rally in S&P 500 & Dow & one day rally in Nasdaq plus a day of major reversal, all credit goes to Mario Draghi ECB President to give a kick start to Indices worldwide, he is promising easing in March....
Earnings will be extremely company specific, most trader knows which companies are not faring well and will monitor closely how bad they are doing with results and guidance.
Bargain hunting is not recommended in this environment, treat bad earnings or guidance as dont buy.
Few companies are all set to report blockbuster earnings and they should be bought before and after earnings and guidance are given, this is an environment of "strong gets stronger"
Fed should tone down its language of "monitoring events worldwide" to being "concerned about events worldwide"
Oil is another negative for economic well being of world, low prices will negatively impact many economies, we may have seen the low in oil already.
Based on recent forecast, India will grow the fastest in the world with 7% GDP growth, China projection is around 6.5% GDP......
It is interesting, how India has come to forefront in GDP growth, Prime Minister Modi is creating an environment of growth by eliminating hurdles & implementing fast approval of projects.
US GDP growth may come around 3% in 2016
Canada may come in @ 2% GDP growth.....
SO..all in all, a very interesting week is shaping UP, equities should behave positively.
Good luck with your own ideas to make money in 2016.......
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Added 60% BABA @ $69.50.
Had this order in since Sunday.
Saleem
Hi Saleem,
Nice stab, it got some good analyst commentary today.
Some stocks are holding up well today despite the broader market weakness and the financials devastation.
Stocktrader
Hi Saleem,
Rebought my speculative position in OMED @ 9.36
The are trading right near cash value currently and have other drugs in the pipeline including one that just performed well.
Stocktrader
Hi Stocktrader,
Good luck with your favorite OMED.
Saleem
Hi Saleem,
Sold TWTR @ 17.08
It was on my list to sell after researching this weekend and so the announcement today was unfortunate in timing. It looks like TWTR will have to undergo even more transition before finding its way, so I'll take my profit from last week's buy and run! :)
It is good to have some amount of cash on hand to pick up bargains. I have ~24.4% cash after the OMED buy and TWTR sell.
Stocktrader
Hi Stocktrader,
Good luck with new ideas.
Saleem
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