Current signal: CASH
We will wait for price to close above the horizontal trendline before issuing a new BUY signal.
Know when to enter and exit stock markets with the weekly update for the S&P500 index. Avoid market crashes and improve your returns. Best of all, there is no guess work and no need to lose any sleep over stock markets.
WASHINGTON (MarketWatch) -- "The most recent economic data suggests that the U.S. could be about to experience another jobless recovery, said Janet Yellen, the president of the San Francisco Federal Reserve Bank on Tuesday. The past two recessions, in 1991 and 2001, were followed by so-called jobless recoveries, and "things seem to be shaping up similarly this time around," Yellen said in a speech in Phoenix. "I believe the overall economic recovery is likely to be gradual and remain vulnerable to shocks," Yellen said. With such a slow rebound, unemployment could stay high for several years to come."
Long term trend: DOWN (50 week MA below 200 week MA)
Nov 3, 2009, Drew Kanaly on Fox Business
Drew Kanaly thinks the highs in stocks have been seen for the year. He also discusses the USD carry trade and its influence on asset prices. Watch the video here.
Long term trend: DOWN (50 week MA below 200 week MA)
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You should always bear in mind that, the value of investments and any income from them may go down as well as up. You may not get back all of your original investment. Past performance is not necessarily a guide to future performance. All stock market based investment is exposed to a degree of risk. We recommend consulting a financial advisor before making investment decisions.