Stock Market Volatility Increases
Stock-Markets / Stock Markets 2014 Jan 23, 2014 - 05:08 PM GMT
TNX may be taking another dip lower this morning. It is uncertain whether it will make a new low or simply a partial retracement.
SPX fell to its mid-cycle support in overnight action. This appears to be due to the announcement of the Chinese Manufacturing slowdown.
This morning’s Weekly Jobless Claims did not help matters. Furthermore, it now seems official that 1.4 million extended jobless claims are getting the axe.
SPX futures have now broken through support and are now challenging Tuesday’s lows. The Pre-Market has not caught up with the futures as of this memo, but soon will.
Gold futures have surged up to 1257.90, but have not overcome the prior high at 1262.00. The Cycles Model suggests that the retracement may be short and the decline is due to resume shortly.
Regards,
Tony
Our Investment Advisor Registration is on the Web
We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.
If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at tpi@thepracticalinvestor.com .
Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com
As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals
Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.
Anthony M. Cherniawski Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
