Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

qdrv

2015 Market Correction. Poll/Discussion

Will there be a market correction in 2015?  

8 members have voted

  1. 1. Will there be a market correction in 2015?

    • Yes
      6
    • No
      2


Recommended Posts

Interestingly during the roaring 20's of the past century, the world saw an economic high, in which underlying economic indicators were mainly ignored. People do not complain when they are making money, the wise investor or trader knows that when people are ambitious be careful. What happened to peoples fear of the domino effect of other debt riddled states? Today the prime minister of russia warns of a "deep recession" in 2015. Japan is deep in recession as well.

 

Also according to bloomberg news, the Jerome Levy forecasting center sees a 65% chance of a recession in 2015. Quote

 

David Levy the current chairman of the Jerome Levy forecasting center: "Clearly the direction of most of the recent global economic news suggest movement toward a 2015 downturn" end quote.

 

Why is this forecasting center any different than the others that may say the complete opposite? Such as Morgan Stanley who predicts a longer run for the market.

 

 

They most definitely have weight in words since their founder called the 1929 Great Stock Market Crash. He wisely sold his stocks when he saw indicators that pointed to an unsound market.

 

What do you think?

Will the market make a correction in 2015?

Yes/No & why

Share this post


Link to post
Share on other sites

If you had provided a "don't know" button for the poll I may have participated. That may sound like a cop out, but it is what it is... I don't know. There are a great many agents who make predictions: they are "wrong" until they are "right"; many get carried out on their shields. Personally, I don't see anything "actionable" that would indicate a recession, or a market correction of any great scale is due. It's above my pay grade, as they say...

 

An article from zero hedge posted today:

http://www.zerohedge.com/news/2015-01-01/mania-manias

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By vin2019
      Are you a gold trader?
      Are you planning to invest in gold?
      Are you looking to make profits from gold trading?
      If yes then get all profitable gold trading signals and strategies for 2019 -

      https://www.mmfsolutions.sg/services/xau-usd-signals
    • By AdrianaLowe
      The theme over this last trading week has been one of remarkable resilience. After breaking down from key resistance levels, it seemed that a period of consolidation would follow. But, globally, markets instead rallied with conviction to retest their highs.
      I have been sceptical about the sustainability of the rally this year. But one of the most fundamental axioms of surviving the markets is to trade what you see, not what you believe. And what I am seeing is markets that seem to want to push higher across the board, with individual stocks holding up well even when faced with bearish news.
      S&P 500

      (credit: chart from Sigma by Hydra X)
      The S&P closed the week strongly at 2,822.48, up 0.5% on high volume, and on the back of its biggest weekly gain since November 2018. US markets seem insistent on forging a path higher despite the overhang of earnings, macro economy news, North Korea, and ongoing China trade talks. I still wait for price to break and close clear of the congestion zone around 2,800 before entering longs, but this looks increasingly like a environment where the only rational positions to take are either to be flat or long.
      MICROSOFT

      (credit: chart from Sigma by Hydra X)
      Gains this week were led by tech, with the sector surging 4.9%, and also becoming the best performing sector of 2019. I find MSFT interesting, having completed a bullish inverse head and shoulders pattern, rallying in a tight rising channel, and strongly testing resistance (and also its all-time highs) on high volume. But a spinning top candlestick in the midst of overhead resistance, and a bearish stochastic crossover which in overbought territory could translate into a pullback, which could provide interesting entries for longs.
      TESLA

      (credit: chart from Sigma by Hydra X)
      A good litmus test for market sentiment is how stocks behave on news. Tesla has held on to $275 support despite its Model Y unveiling event underwhelming analysts; BAML, CFRA Research and Canaccord Genuity all issued cautionary notes. If it gets there, $260 looks to be strong support for a countertrend rally.

      BOEING

      (credit: chart from Sigma by Hydra X)
      Boeing continued to suffer the aftermath of the latest tragedy, ultimately having to suspend its entire fleet of 737 MAX planes when the FAA finally followed the lead of global aviation authorities in grounding the plane. Deliveries of the 737 MAX have also been paused. The beleaguered company faces an indeterminate outcome from investigations, bills from airlines affected by the grounding of the plane, as well as potential suits from the families of victims. On Thursday, the US Air Force joined the party. It launched a blistering attack on Boeing, saying that the company has a ‘severe situation’ after flawed inspections of their KC-46 air refuelling tanker aircraft, and questioning the company’s ‘culture of discipline for safety’. [https://www.cnn.com/2019/03/14/politics/air-force-boeing-refueling-plane/index.html] Despite all this, the stock has proven remarkably well supported at $370, repeatedly rallying from those levels on high volume.
      FACEBOOK

      (credit: chart from Sigma by Hydra X)
      No company has had a worse week than FB, even within the context of its bad year. The week started with a proposal by Senator Elizabeth Warren to break up FB, was followed by a network outage affecting its Facebook, WhatsApp and Instagram services, and then announcements of a widening federal criminal probe into its data sharing practices. Two key executives, Chris Cox and Chris Daniels also announced their departures from the company. A nadir was reached when its Facebook application was used to livestream the hate-driven massacre of 49 people in New Zealand.
      Technically, the stock has broken below the bottom of its ascending channel, and key overhead resistance in the $170-173 region looks daunting. There is also a huge gap from Feb 2019 waiting to be closed.
      Yet in spite of the weak technical picture and the deluge of negative news, FB closed just 2.13% down for the week, and ended the trading session on Friday well above the lows of the day, forming a bullish hammer. While I have been waiting for a clear break in one direction or the other for a while, as rising channel met overhead resistance, I choose to stay as interested spectators for now.

      EUR/USD

      (credit: chart from Sigma by Hydra X)

      Finally, last week I noted the technical breakdown of key support levels in the EURUSD, in conjunction with fundamentally bearish news in the form of Draghi’s dovish speech. However, I was keen to stay on the sidelines, given past experience of how crowded trades tend to turn out. EURUSD didn’t disappoint, as it promptly rose in a stop-hunting rally, which would have trapped any short entries in a very uncomfortable position.




    • By trading4life
      Hello, My name is trading4life.
      I just joined this forum.
  • Topics

  • Posts

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.