Stockmarket Sleuth Archive July 2009

The markets have pulled back slightly over the last couple of days. The general view is the second quarter rally has been overdone and that we can expect a substantial decline before the real growth begins. But once the consolidation has happened, we could see a rise of as much as 20% before the end of the year.

Global markets have had a boost this week thanks to the start of the earnings season. Some of the larger US companies surprised the markets with better than expected results. However, the technical side of things doesn’t look as good. We could still be in for a slide... and here’s why...

The markets have taken some strain over the last couple of days thanks to uncertainty over the global economic recovery. Recent US data published raised some doubt over the strength of the economic recovery. This week, I’ll touch on one of the technical patterns that’s signalling a further drop and more…

The DJ Eurostoxx 50 is an ETF that tracks the top 50 companies in Europe. This ETF has fallen 55.04% from its R47.59 high in 2008. It’s a great way to get first world offshore exposure at a very low price. Granted these economies have taken a dive, but I expect to see a recovery in the Eurozone before the end of the year.

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