Sunday, September 28, 2014

sep 29, 2014 weekly outlook

This past week all the major indexes finished down.  A lot of volatility.  Same type of activity last time a QE was set to expire as is about to happen in October.  Is this the cause of weakness and volatility?  Unsure, but it does raise the question....

Looks like we should see a short term bottom by Sept 30 (+/- 1 day).  Medium term look for more volatility and some weakness.  Maybe we finally get a correction (-10% or more), if the FED quits flooding the economy with newly printed currency.

Here is a short term outlook:

GL

2 comments:

  1. commodities (including gold and silver) getting killed. Often a crash in commodities precedes a correction in stocks.

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