Uncertain times
Markets have been, well, strong in the U.S. and weak here in South Africa. These certainly are uncertain times for local traders and investors.
SSW
Dancing close to the door
It’s been a bit of a bumpy ride these last few weeks and there are many mixed signals around. Thus, we are trying to hold our opinions rather loosely and stay willing to change our minds whenever new evidence emerges that might contradict our views. Dancing close to the door is what we are constantly reminding ourselves of, as we might have to bail on some of our ideas rather quickly if our views turn out to be wrong. That said, let’s look at some trade ideas.
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Kansas City Shuffle
One of the more important lessons we’ve learned from participating in markets for the last almost two decades is that the Kansas City Shuffle is very often a very reliable move. What are we talking about you ask? Well, when everyone is looking right, go left. Still, what are we talking about? In a nutshell, the market has become very bullish, despite the enormous amounts of negative economic data and overall headwinds.
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The little bull that could
Like we said last week, it doesn’t need to make sense to work. The little bull that could is doing all it can to get up and rallying, and we’re not about to stand in its way.
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American Bull
The American Bull stumbles blindly forward, without caution, directly into a looming credit crisis. Not perturbed by reality, the American Bull just keeps rallying without a care in the world, resolute to let the next generation pay for its foolishness. And so, headline U.S. Equities Indices, just, keep, trading, higher.
Tug of war
The tug of war between the bulls and bears is intense and volatility is wild. Our stance is to use any strength the might be available in the week to come as an opportunity to get out of stocks and manage our exposure. The time for nimble positioning is upon us, and we must stay flexible and willing to react to a fast changing market.
It’s looking a little bullish
Well, we’re about ready to get some egg on our faces again by saying that the market is starting to look a little more bullish. We’ve tried that not so long ago and got proper whipsaw for our troubles, but once again we’re going to put it out there. The fact of the matter is that there is a ton of fear, and probably two tons of good reasons why the market should be crashing. It’s not though. Thus, we block out the news and fear and FUD, and we look at the charts. And by the looks of things, it’s looking a little bullish.
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Whipsaw city!
Well, alright then. This market is wild. Three weeks ago we ran for cover saying the ‘the bear is here’, the following week we’d thought that maybe because the market failed to push a new low that maybe ‘the bull is back’. It turns out that the market is full of bull… and last week the wheels properly fell off the bus. So, welcome to whipsaw city, where nobody knows what is going to happen next, but everyone can be sure they’ll get injured! What a vibe -_-
The bear is here!
We’re going to start off this weeks post by telling our readers the same thing we’ve been telling our clients for over a year now. Be careful, trade smaller, trade less often, protect your capital. The market is wild and will likely stay wild for a while. Trust us, taking chunky losses is scary and will almost certainly lead to you losing the opportunity to make the big trades when they finally come around. Be patient and conservative. The bear is here and is not taking prisoners.
Short-term bullish trends have broken
Another week of painfully low volume markets locally, and nothing but a slow sideways grind in the offshore world. This current environment continues to reinforce our bearish view. Markets are feeling a little like they are about to test some key support levels as the current short-term bullish trends have broken. Let’s look at some charts and get a feel for what to expect next week.
Short-term bullish trends have broken Read More »