Hard to say but one can continue to invest in this up market and have stops in the right places. Small caps might be a hit and miss , so for long term I would recommend large caps.
If you do want to get into small caps then ETFs might be worth the play.
Saturday, April 17, 2010
Saturday, May 30, 2009
Gold May analysis - recent run up !
After my last Gold technical analysis in April gold has a run up.
Market club's monthly and weekly signals had given a buy since the 90 and 89 levels respectively. This may be mainly due to inflation concerns. 99 might be one big resistance that GLD needs to pass through.
RSI has reached around the overbought area but MACD is showing good promise. Going by last times runup ultimate top was formed when both MACD and RSI were at top.
Buy in next dip might be the right thing to do here?
Market club's monthly and weekly signals had given a buy since the 90 and 89 levels respectively. This may be mainly due to inflation concerns. 99 might be one big resistance that GLD needs to pass through.
RSI has reached around the overbought area but MACD is showing good promise. Going by last times runup ultimate top was formed when both MACD and RSI were at top.
Buy in next dip might be the right thing to do here?
Tuesday, April 21, 2009
Where is WallStreet headed? Commonly asked questions
Everyone's cheering the upward move in the DOW, S &P and NASDAQ markets in the last few weeks.
There have been various theories as to what could happen next with the market and how long will this continue. I found a few which I can highlight here:
After a spectacular rally from the lows seen last month, the S&P, the DOW appears to be running into overhead resistance.
Investor Sajal has highlighted few key points in his blog in Seeking Alpha. Analysts are making different kinds of predictions from this being a bear market rally ready to loose steam or beginning of a new bull market to a bear market rally that will suck in more traders.
Mick Weinstein gives us a good summary at yahoo finance .
The coming few weeks are earnings weeks which is where the market swings in different directions in one-two day intervals.
In my opinion we will see some back and forth in some target area until earnings season is over. The direction of the market will be decided once the earnings season comes to a halt.
Thoughts?
Sunday, April 19, 2009
Finance movies anyone ?
If finance or business interests you, then probably you can relate to some movies that cover these topics. These Hollywood movies range from comedy to serious and depict how money can change lives.
1. Trading places: A rich guy and a poor guy end up swapping their positions in the game of finance. Watch Eddie Murphy and Dan Aykryod in this funny 1983 movie.
2. Office Space: This one brings the office to the movie theater. Tech programmers can relate most to this silicon valley comedy.
3. Wallstreet: This is about a WallStreet stockbroker who wants to get to the top by using both legal and illegal methods.
4. Rogue Trader: Ambitious, Nick Leeson finds himself as a futures option trader in this 1999 Hollywood movie. I have not yet watched this one. Any reviews?
5. Lost in America: Money Magazine brought this to my attention. Have not seen this movie yet . This 1985 movie depicts the life of a couple who start on a journey and lose their nest egg.
Do you have more to add to the list?
1. Trading places: A rich guy and a poor guy end up swapping their positions in the game of finance. Watch Eddie Murphy and Dan Aykryod in this funny 1983 movie.
2. Office Space: This one brings the office to the movie theater. Tech programmers can relate most to this silicon valley comedy.
3. Wallstreet: This is about a WallStreet stockbroker who wants to get to the top by using both legal and illegal methods.
4. Rogue Trader: Ambitious, Nick Leeson finds himself as a futures option trader in this 1999 Hollywood movie. I have not yet watched this one. Any reviews?
5. Lost in America: Money Magazine brought this to my attention. Have not seen this movie yet . This 1985 movie depicts the life of a couple who start on a journey and lose their nest egg.
Do you have more to add to the list?
Saturday, April 11, 2009
April Gold technical analysis - is Gold confused?
After my GLD technical analysis in March I decided to take a look at GLD again.
Here is MarketClub's analysis.
Monthly indicator is bullish but weekly and daily are negative.
After being in an undecided territory GLD started its downward spiral making its earlier support now a resistance line.
Using some Fibo and Elliott wave theories I would guess the downward spiral might be of similar length given the one from 98- 89.
If the length of current decline is the same as the one before we would expect ten basis points from 94 which is around the 84 level before some rally.
RSI indicates oversold, MACD is in bearish territory for right now and volume is down. Need some volume to pick up upward trend. Thoughts ?
Here is MarketClub's analysis.
Monthly indicator is bullish but weekly and daily are negative.
After being in an undecided territory GLD started its downward spiral making its earlier support now a resistance line.
Using some Fibo and Elliott wave theories I would guess the downward spiral might be of similar length given the one from 98- 89.
If the length of current decline is the same as the one before we would expect ten basis points from 94 which is around the 84 level before some rally.
RSI indicates oversold, MACD is in bearish territory for right now and volume is down. Need some volume to pick up upward trend. Thoughts ?
Tax time for gold or silver
If you have enjoyed GLD or SLV gains in 2008, you might have had a tough time with reporting the taxes. GLD or SLV lists some monthly sells that it passes to shareholders.
They are also referred to as WHFITs (Widely Held Fixed Investment Trusts).
If you are using any software like Turbo Tax and use auto login's to your brokers website all of the above are listed as gains and added to Turbo Tax.
The issue is its difficult to list cost -basis and hence SPDRs shows how to report the gains. Please see here for details on reporting GLD.
PS: I am not a tax advisor/consultant. Please contact your tax advisor for details.
They are also referred to as WHFITs (Widely Held Fixed Investment Trusts).
If you are using any software like Turbo Tax and use auto login's to your brokers website all of the above are listed as gains and added to Turbo Tax.
The issue is its difficult to list cost -basis and hence SPDRs shows how to report the gains. Please see here for details on reporting GLD.
PS: I am not a tax advisor/consultant. Please contact your tax advisor for details.
Sunday, March 29, 2009
Some great shopping deals and sites
I have been a fan of Fatwallet for quite some time now. Recently came through some good deals surfing around the site.
1. Cash back opportunity: Some participating stores offer cash-back if items are purchased via fatwallet. Common names are HP , Sears, hotels.com , etc. Fatwallet collects money in your account until a certain sum is earned and can then mail you a check. Recently while shopping for laptops I found this deal for HP. A 6% cash back for a $600 laptop amounts to around $36 of cash back. Not bad huh !
There are other sites like ebates.com that also offer cash backs.
2. Lending club is offering free $50 for opening an account. Lending club is an online peer-peer lending site.
3. Bank of America offering $50 on opening a new account.
4. When you sign up for veggie club in Sweet Tomatoes you can be eligible for a 15% discount while dining at Sweet Tomatoes. As I mentioned in my earlier post on Sweet Tomatoes have been known to occasionally send "buy one meal and 2 drinks and get the second meal free". I have been knowing of these deals for some time. This is not one I found through Fatwallet.
Please note that I have not personally verified #2 and #3 above.
Besides the above fatwallet lets you subscribe for alerts by entering keyword(s). For example if you are looking for a shredder you can request fatwallet to send you notification if anyone submits a new deal for shredder.
Other sites which are welknown in the world of deals are techbargains.com and slickdeals.com.
1. Cash back opportunity: Some participating stores offer cash-back if items are purchased via fatwallet. Common names are HP , Sears, hotels.com , etc. Fatwallet collects money in your account until a certain sum is earned and can then mail you a check. Recently while shopping for laptops I found this deal for HP. A 6% cash back for a $600 laptop amounts to around $36 of cash back. Not bad huh !
There are other sites like ebates.com that also offer cash backs.
2. Lending club is offering free $50 for opening an account. Lending club is an online peer-peer lending site.
3. Bank of America offering $50 on opening a new account.
4. When you sign up for veggie club in Sweet Tomatoes you can be eligible for a 15% discount while dining at Sweet Tomatoes. As I mentioned in my earlier post on Sweet Tomatoes have been known to occasionally send "buy one meal and 2 drinks and get the second meal free". I have been knowing of these deals for some time. This is not one I found through Fatwallet.
Please note that I have not personally verified #2 and #3 above.
Besides the above fatwallet lets you subscribe for alerts by entering keyword(s). For example if you are looking for a shredder you can request fatwallet to send you notification if anyone submits a new deal for shredder.
Other sites which are welknown in the world of deals are techbargains.com and slickdeals.com.
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