Every day I dissect the news of the day into bite sized snippets using Tweets I find on Twitter. My goal is to make sense of the news so that the reader has an easier time understanding it better and thus better placed to use that information more efficiently.
For those of you who may not have the time to follow my blog everyday I will post up an omnibus every weekend for your convenience to catch up. So let's jump right into thing;
Monday 7th September 2015
Samurai Summary: 07/09/2015
Top Tweets Today: 07/09/2015
I started the week of by looking at a long term chart of the S&P 500 charted by @RobTTTrade who used a monthly to identify possible fibonacci retracements supports lines to ascertain where the price could possibly land.
China GDP numbers came out worse than expected however it didn't deter traders from speculating that the PBOC (People's Bank of China) would stimulate the economy once again. It was a bittersweet moment because as much as stimulus would be welcomed the growth output is way below that expected from many in the resources industry leading to a commodity slump plummeting mining stock to fresh lows in years.
Tuesday 8th September 2015
Samurai Summary: 08/09/2015
Top Tweets Today: 08/09/2015
As the days towards the Fed Open Market Committee meeting draw closer the anticipation from the market begins to climb higher. The uncertainty created around the Fed's decision to lift interest rates for the first time in 10 years has put the market on tenterhooks. Barry Ritholtz broke down some of the decision makers in Wednesday's and Thursday's meeting comments over the past to highlight which way the decision might go. It looks like it might be a close one.
Related closely to the Fed's decision is the emerging market currencies weakness. which took a turn for the worst when Chinese authorities decided to devalue the Yuan. It would seem as if the entire world's currencies fate rest on what concludes on Thursday.
Wednesday 9th September 2015
Samurai Summary: 09/09/2015
Top Tweets Today: 09/09/2015
5 Effective Ways to Cope Going From Zero to Hero
On Wednesday the Nikkei 225 rallied a massive 7.71% after comments made by Shinzo Abe committing to decreasing corporate tax rates. I highlighted a comment made by Andrew Todd chartist and contributor for Traders Corner, saying that moves like these aren't healthy and possible hint at a deeper problem than what we seeing on the surface of things. I tend to agree with him , even by looking at volatility from the week that's gone past there seems to be no one distinct direction.
In saying that I decided to write a blog on how you should deal with a situation where you find your trading account at nil. This specific topic is on the rise recently with a surge in volatility and lack of risk management many are quite in compromising positions forcing them to destroy their trading capital. I give pointers on how you can bounce back from these situations.
Thursday 10th September 2015
Samurai Summary: 10/09/2015
Top Tweets Today: 10/09/2015
Since I was the topic of emerging market weakness I thought it would make sense to highlight the world's biggest developing economies, BRICS representing Brazil, Russia , India, China and South Africa. I suggested if you had to follow the sentiment coming out of these nations you might be able to assess investors willingness to funnel capital into those markets.
Brazilian debt was downgraded to junk status by S&P on Thursday as the rating agency said the nation had failed to manage its debt properly and implement measures needed to shield itself from the slump commodities. Too much burden has been placed on the fiscus with events such as the Soccer World Cup and Summer Olympics leaving very little wiggle room. President Dilma Rouseff's political amibitions look all but diminished as the weight of this certainly puts one foot out the door.
Friday 11th September 2015
Samurai Summary: 11/09/2015
Top Tweets Today: 11/09/2015
Goldman Sachs told the market that if the oil glut doesn't subside they envision seeing $20 per barrel of oil in the not so distant future. I'm reluctant to believe that figure on a number of issues one of them being the distress signals we are seeing already coming out from oil producers.
I also gave some opinion of why I think Capitec has done so well over the past year compared to it's peers. It's been a gem in investors eyes for some time and every result presentation is testament to why this is definitely a keeper for many.
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