Global Trading Blog
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Here we are again. Back into major resistance levels from which the overall market has failed to break out and move higher since the October bottom.We got a strong participation up day last Tuesday, which technically can be interpreted as a buy signal, but we need to see stronger confirmation with a solid breakout over resistance in the major indexes to see if this is finally for real.The S&P 500 is hitting its 200 day moving average today, a level it has headbanged and failed constantly. For a new, longer duration uptrend to start in the markets we need to ... -
The European situation with Italy's 10 year bond yields spiking over 7% plus the mess in the Greek parliament, which still doesn't have a new prime minister, caused investors and traders to panic.Europe needs to get its act together fast and launch a massive bailout package (like TARP) and start their own QE program in order to get over this situation and avoid a sharp deleveraging. Weakening the Euro and generating inflation is a less harsh way to pay down the excessive debts. This will also stimulate exports and tourism which improves the balance of trade and bolsters GDP and ... -
Argentina is a resource rich country in South America that through its history has been unfortunately plagued by incompetent and populist politicians which have stunted its economic growth and numerous times have caused the country to sink into deep economic turmoil, wars and social strife. During the last 8 years or so the country has been under the presidency of Nestor Kirchner (now deceased) and afterwards by his widow Cristina Fernandez which recently got re-elected. During their mandate Argentina has gone through a series of socialist and populist economic reforms that are destroying the free market and thus causing private ... -
Dear Subscribers: After friday's weak close and "castastrophic" news coming out from Europe regarding the Greek, banks and PIIGS situation, the S&P 500 opened up sharply lower on Sunday afternoon. For a moment, futures were down 24 handles (over 2%) and then rallied back to be barely positive at the start of the american trading session. High volatility and a ultra sensible market to news about Europe will be the mode during this week. Also, we have important macro being released such as the CPI, retail sales and consumer confidence numbers just to name a few. The S&P 500 remains ... -
Dear Subscribers: We finished today's trading session with most world markets mixed. The S&P 500 ended barely positive but under its resistance level at 1200, level from which tlast week's monday crash started. In the media I have started to see lots of comments and articles related to the "death cross" that is occuring in most american indexes. The death cross is when the 50 day moving average crosses the 200 day moving average downwards. This is supposed to signal that a new bear market is starting and traders and investors should exist the market and look to short stocks. Last ... -
Dear Subscribers: Markets continued to sell off yesterday depressed by the "uncertainty" that is generated by the US congress that doesn't reach a budget agreement to lift the debt ceiling. If there is no resolution by August 2nd, the USA will enter default and lose its AAA credit rating. I wrote "uncertainty" with quotations because it is obvious that congress will reach an agreement and raise the debt limit in order to keep stimulating the US economy and avoid entering an inmediate recession if the fiscal deficit is agressively cut. Remember that the deficit is 11% of GDP and it need to ... -
Dear Subscribers:Selling persisted yesterday during the afternoon and the S&P 500 falls over 2% breaching support at 1310 where the 50 and 150 day moving averages lie. Support didn´t "support" the market much in a day in which pessimism was overwhelming and 100% of the "Market Monitor" closed negative.The only assets that closed positive were the dollar and treasuriess, showing risk aversion. For tomorrow we don´t have important macro data. Today's selloff, from a technical point of view suggests that were are going to see more downside in the short term. We broke down support with ease, volume was on the ... -
You can read the original article in this link: Pullback Offers Great Chance for Quick ProfitWhen I wrote my mid-March blog, markets had corrected about 5 percent from their highs and investors were running scared due to a plethora of bad news — but especially because Japan had suffered a major natural disaster.At that moment, markets had become short-term oversold and I advised: "don’t fall prey to the fear and use these sell-offs as opportunities to buy quality stocks that are undervalued." From then onward, the market rallied until the beginning of May.This time, the downdraft in stocks has been caused ... -
Billionaire Jim Rogers gives his opinion on US Debt and Interest Rates.Rogers Expects:- Higher Interest Rates going Forward- Countries Buying less or no US Debt- US Debt Crisis will cause global unrest- QE3 will happen One of my favorite "Position Trades" going forward is "long TBT".With the end of QE2 at the end of the month, the treasury market will lose the FED as a buyer that has purchased 36% of all the debt emitted since QE1 started in March 2009.With a projected fiscal deficit of 1.5 Trillion this year, by the laws of supply and demand, leaving everything else constant, ... -
This is an in depth analysis of the effects of Quantitative Easing in the economy and asset markets plus what will happen once the FED stops using this monetary tool in June 30th, 2011. This article was published in Gurufocus.com and received great ratings and was selected as "Editor's Pick". Read the article here: The Effects of Quantitative Easing
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I’M VICTOR RIESCO
I’m a financial analyst and professional investor from Santiago, Chile. I’m the owner of Global Trader, a brokerage and trading .
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