1/17/08
Dow & Nasdaq stock indexs are closed below 3/07 lows, S&P is closed below 10/06 low. Technically, near term bottom is in sight if VIX jump above 30's and closed below 30. Also, Dow & Nasdaq bullish precent indices are reaching the same level as last recession market bottom as of year 2002. Tomorrow maybe the day that DOW may trade deep down below 12000 and close all way up above positive. Then this is our recent market bottom. The longer picture is still not looking good even if stock make a bottom. Let's see if tomorrow is the turn-around day.
Thursday, January 17, 2008
Wednesday, January 16, 2008
Recession is Here
1/16/08
All US stock indexs are closed below bar today. Since New Year, the stock market is keep going downward with no looking back. Bear is totally in control and Recession is expected. Fundamentally, Negative Consumer Spending growth, unemployment rates rising, the Fed is behind the curve are all recipe for a recession. Technically, all stock indexs barely trading above the 3/2007 lows. I would expect Dow would trade down to 12000 soon. Also, banking index are still trending downward and has broken the 16years long bullish trendline. VIX index are still not showing any extreme, so no sounding bottom is close yet.
All US stock indexs are closed below bar today. Since New Year, the stock market is keep going downward with no looking back. Bear is totally in control and Recession is expected. Fundamentally, Negative Consumer Spending growth, unemployment rates rising, the Fed is behind the curve are all recipe for a recession. Technically, all stock indexs barely trading above the 3/2007 lows. I would expect Dow would trade down to 12000 soon. Also, banking index are still trending downward and has broken the 16years long bullish trendline. VIX index are still not showing any extreme, so no sounding bottom is close yet.
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