tension in the middle east is sparking. oil is nearing 90. oil above 80 is destabilizing for stocks as this would mean inflation is resilient.
$SPDR DJIA ETF(DIA)$ tracks the dow jones industrial average the 30 largest market cap companies. looking at its pnf, it shows a confirmation downtrend with 3 red circles. it might retrace to 367 where the previous high is.
$SPDR S&P 500 ETF Trust(SPY)$
$iShares Russell 2000 ETF(IWM)$ tracks the small caps companies. small caps are the most sensitive to interest rates. sector rotation into the small caps is disrupted by hotter than expected inflation data. it is bound to retrace to 197.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci@TigerStars @TigerWire @koolgal @Asphen [Happy] π₯β¨[Happy]
Comments