Stock-Markets
Best Financial Markets Analysis ArticleHop on board or you’ll miss the train
Our trusted shepherds of illusion would like nothing more than to ignite another round of buy & hold fever as the only means by which participants can hope to survive in the speculative buying frenzy that has occurred in equity markets since the March low. Thus far, the measured results of their handiwork have them grinning ear to ear.
When it comes to stocks, buying panics without limit are good and encouraged, while selling panics cause crisis and the threat of systemic collapse. Speculation, which drives Oil prices to stellar heights, is bad, but speculation driving equity prices to unsustainable extremes is good. It is asinine to pick systemic winners and promote their upside into perpetuity and then to enact emergency fascist interventions to save such systems of monopoly when systemically encouraged price bubbles inevitably burst.
Perspectives in Trend
In lieu of our customary “Markets at a Glance” medley, this week we are going to take a close look at the Dow in various timeframes. We start by examining a daily price chart of Dow, which reflects the sudden V-shaped surge in bullish optimism from the March low.
DOW JONES INDEX
Today's support: - 9270.00, 9258.73, 9235.25 and 9202.50(main), where a delay and correction may happen. Break of the latter will give 9181.30, where correction also can be. Then follows 9154.46. Be there a strong impulse, we would see 9129.37. Continuation will bring 9113.50. Today's resistance: - 9360.00(main), where a delay and correction may happen. Break would bring 9387.72, where a correction may happen. Then follows 9413.44, where a delay and correction could also be. Be there a strong impulse, we'd see 9438.65. Continuation would bring 9450.00 and 9469.68
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